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Clay County, KY · Sold

KY-456845

802 County Road 231

$242,200
$3,092/ac · 78.32 ac
Acreage78.32 ac
Price per acre$3,092/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJan 20, 2024
Coordinates37.1864, -83.7361
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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

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands19.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,348 ft of deeded road frontage.

Power86 ft away

Power at or near the road.

Buildable area59.75 of 78.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$275,340
$240,509$310,171 · $3,516/ac on 78.32 ac
Asking vs estimate
-12.0%
Priced below 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 $242,200
Maximum allowable offer
$157,337
$2,009/ac · +30.0% target margin

You need $84,863 off asking to hit this margin.

All-in cost$170,711
Net resale$253,313
Projected profit$82,602
ROI+48.4%
Annualized+69.2%
Break-even resale$2,369/ac
Profit if resale lands off target
-20%
$31,939
-10%
$57,271
0%
$82,602
+10%
$107,933
+20%
$133,264
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-836081
Dirt · Off grid
45.0Jun 27, 2026$137,9003,0633,2227.3 mi
77
KY-566438
Gravel · Power at road
58.3Sep 8, 2025$192,2003,2952,7593.1 mi
77
KY-497185
Gravel · Off grid
100.2Sep 19, 2025$310,5003,0993,4522.1 mi
76
KY-606817
Gravel · Off grid
76.8Feb 25, 2024$274,1003,5723,9714.5 mi
73
KY-897904
Gravel · Off grid
168.7Oct 26, 2025$441,0002,6143,3204.1 mi
72
KY-685258
Dirt · Power at road
24.8Feb 19, 2026$124,5005,0204,1192.2 mi
72
KY-246141
Dirt · Off grid
47.0Jan 26, 2024$158,3003,3663,9325.7 mi
70
KY-366541
Landlocked · Full utilities
62.8Aug 27, 2024$231,0003,6763,9284.5 mi
70
KY-848013
Landlocked · Power at road
182.5Oct 2, 2025$402,3002,2043,5846.1 mi
68
KY-488124
Paved · Off grid
197.8Mar 21, 2026$522,7002,6422,9236.8 mi
67
Show adjustment detail for the top comp
  • Tract size (45.03 ac → 78.32 ac)-11.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (2 mo)+0.6%

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.