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Franklin County, TN · Sold

TN-149547

1614 County Road 243

$3,506,200
$6,954/ac · 504 ac
Acreage504 ac
Price per acre$6,954/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 1, 2024
Coordinates35.1626, -86.0351
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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

2 items to verify before you offer.

Risk index
18
Low risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope19.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,074 ft of deeded road frontage.

Power102 ft away

Power at or near the road.

Buildable area391.24 of 504.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,373,152
$1,973,207$2,773,098 · $4,707/ac on 504 ac
Asking vs estimate
+47.7%
Priced above 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 $3,506,200
Maximum allowable offer
$1,356,087
$2,690/ac · +30.0% target margin

You need $2,150,113 off asking to hit this margin.

All-in cost$1,471,354
Net resale$2,183,300
Projected profit$711,946
ROI+48.4%
Annualized+69.2%
Break-even resale$3,172/ac
Profit if resale lands off target
-20%
$275,286
-10%
$493,616
0%
$711,946
+10%
$930,276
+20%
$1,148,606
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-279466
Dirt · Full utilities
475.4May 16, 2026$2,690,8005,6605,3565.7 mi
82
TN-249663
Dirt · Off grid
548.4Apr 25, 2025$1,407,0002,5663,7985.5 mi
75
TN-989653
Paved · Off grid
544.4Oct 26, 2024$1,999,2003,6724,0314.7 mi
73
TN-878299
Gravel · Power at road
204.2Oct 18, 2024$1,454,8007,1265,8934.6 mi
65
TN-598281
Gravel · Off grid
201.5Oct 29, 2024$933,7004,6344,4867.8 mi
61
Show adjustment detail for the top comp
  • Tract size (475.44 ac → 504.17 ac)-1.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%
  • 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.