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Clay County, KY · Sold

KY-366541

6117 County Road 278

$240,900
$3,834/ac · 62.84 ac
Acreage62.84 ac
Price per acre$3,834/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedNov 21, 2023
Coordinates37.2308, -83.7963
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Clay County, Kentucky. Cave country and Appalachian hunting tracts with cheap owner financing.

View Clay market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
31
Moderate risk
Wetlands9.6% of tract

Little to no mapped wetland coverage.

Average slope1.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area53.97 of 62.84 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$220,399
$193,326$247,472 · $3,507/ac on 62.84 ac
Asking vs estimate
+9.3%
Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $240,900
Maximum allowable offer
$125,942
$2,004/ac · +30.0% target margin

You need $114,958 off asking to hit this margin.

All-in cost$136,647
Net resale$202,767
Projected profit$66,120
ROI+48.4%
Annualized+69.3%
Break-even resale$2,364/ac
Profit if resale lands off target
-20%
$25,567
-10%
$45,843
0%
$66,120
+10%
$86,397
+20%
$106,673
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-566438
Gravel · Power at road
58.3Sep 8, 2025$192,2003,2952,7965.2 mi
78
KY-836081
Dirt · Off grid
45.0Jun 27, 2026$137,9003,0633,26610.7 mi
76
KY-497185
Gravel · Off grid
100.2Sep 19, 2025$310,5003,0993,4982.7 mi
72
KY-606817
Gravel · Off grid
76.8Feb 25, 2024$274,1003,5724,0241.7 mi
72
KY-456845
Dirt · Power at road
78.3Oct 26, 2024$222,6002,8423,0984.5 mi
71
KY-848013
Landlocked · Power at road
182.5Oct 2, 2025$402,3002,2043,6337.2 mi
69
KY-685258
Dirt · Power at road
24.8Feb 19, 2026$124,5005,0204,1742.7 mi
69
KY-625019
Gravel · Off grid
20.9Jul 27, 2026$81,4003,9013,1478.3 mi
68
KY-246141
Dirt · Off grid
47.0Jan 26, 2024$158,3003,3663,9858.8 mi
65
KY-465108
Dirt · Power at road
22.3May 1, 2025$94,2004,2343,5828.7 mi
64
Show adjustment detail for the top comp
  • Tract size (58.32 ac → 62.84 ac)-1.6%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (11 mo)+3.9%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.