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Franklin County, TN · Sold

TN-989653

2934 County Road 321

$2,300,600
$4,226/ac · 544 ac
Acreage544 ac
Price per acre$4,226/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedJun 6, 2024
Coordinates35.1393, -86.1125
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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

Franklin County, Tennessee. Cumberland Plateau and Middle Tennessee tracts; retirees and cabin builders.

View Franklin market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,426 ft away

Service extension needed; get a utility quote.

Buildable area503.23 of 544.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,901,926
$2,173,518$3,630,334 · $5,330/ac on 544 ac
Asking vs estimate
-20.7%
Priced below the comp set

Weighted from 5 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 $2,300,600
Maximum allowable offer
$1,658,244
$3,046/ac · +30.0% target margin

You need $642,356 off asking to hit this margin.

All-in cost$1,799,195
Net resale$2,669,772
Projected profit$870,577
ROI+48.4%
Annualized+69.2%
Break-even resale$3,592/ac
Profit if resale lands off target
-20%
$336,623
-10%
$603,600
0%
$870,577
+10%
$1,137,555
+20%
$1,404,532
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-279466
Dirt · Full utilities
475.4May 16, 2026$2,690,8005,6605,2481.9 mi
84
TN-249663
Dirt · Off grid
548.4Apr 25, 2025$1,407,0002,5663,7222.0 mi
81
TN-149547
Gravel · Power at road
504.2May 20, 2025$3,695,5007,3307,5574.7 mi
76
TN-598281
Gravel · Off grid
201.5Oct 29, 2024$933,7004,6344,3963.2 mi
64
TN-878299
Gravel · Power at road
204.2Oct 18, 2024$1,454,8007,1265,7754.0 mi
61
Show adjustment detail for the top comp
  • Tract size (475.44 ac → 544.41 ac)-4.0%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (3 mo)+1.1%

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.