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Henry County, TN · Sold

TN-519865

6947 County Road 305

$1,947,200
$3,068/ac · 635 ac
Acreage635 ac
Price per acre$3,068/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedNov 24, 2023
Coordinates36.2866, -88.3115
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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

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

View Henry market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope6.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power106 ft away

Power at or near the road.

Buildable area581.33 of 634.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,494,605
$1,205,802$1,783,408 · $2,355/ac on 635 ac
Asking vs estimate
+30.3%
Priced above the comp set

Weighted from 6 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 $1,947,200
Maximum allowable offer
$854,060
$1,345/ac · +30.0% target margin

You need $1,093,140 off asking to hit this margin.

All-in cost$926,655
Net resale$1,375,037
Projected profit$448,382
ROI+48.4%
Annualized+69.2%
Break-even resale$1,587/ac
Profit if resale lands off target
-20%
$173,374
-10%
$310,878
0%
$448,382
+10%
$585,885
+20%
$723,389
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-959794
Dirt · Full utilities
603.0Jul 27, 2026$1,839,5003,0511,9516.0 mi
85
TN-589522
Dirt · Power at road
495.1Jul 27, 2026$1,956,4003,9512,9043.9 mi
84
TN-368313
Landlocked · Power at road
206.2Jun 23, 2026$833,1004,0402,9194.1 mi
74
TN-519448
Gravel · Full utilities
469.3Jul 21, 2025$1,546,0003,2941,7513.2 mi
74
TN-808831
Landlocked · Off grid
300.1Feb 1, 2024$677,3002,2572,3487.7 mi
61
TN-478565
Gravel · Power at road
247.5Jul 1, 2024$977,1003,9482,2115.2 mi
61
Show adjustment detail for the top comp
  • Tract size (602.96 ac → 634.78 ac)-1.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Power at road)-18.0%

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.