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Hopkins County, KY · Sold

KY-268039

4201 County Road 198

$369,200
$1,985/ac · 186 ac
Acreage186 ac
Price per acre$1,985/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedMay 18, 2025
Coordinates37.3483, -87.5712
Loading terrain…
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

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

View Hopkins market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
16
Low risk
Wetlands9.0% of tract

Little to no mapped wetland coverage.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,723 ft of deeded road frontage.

Power7,684 ft away

A long utility run — price in solar/off-grid instead.

Buildable area160.81 of 186.01 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$388,665
$325,004$452,326 · $2,089/ac on 186 ac
Asking vs estimate
-5.0%
Priced below the comp set

Weighted from 7 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 $369,200
Maximum allowable offer
$222,094
$1,194/ac · +30.0% target margin

You need $147,106 off asking to hit this margin.

All-in cost$240,972
Net resale$357,571
Projected profit$116,599
ROI+48.4%
Annualized+69.2%
Break-even resale$1,408/ac
Profit if resale lands off target
-20%
$45,085
-10%
$80,842
0%
$116,599
+10%
$152,357
+20%
$188,114
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-958045
Dirt · Off grid
186.8Jan 9, 2026$322,2001,7252,0584.6 mi
83
KY-508509
Dirt · Full utilities
261.5Jul 27, 2026$786,4003,0082,6885.5 mi
79
KY-116940
Gravel · Power at road
83.9Jul 27, 2026$274,6003,2722,2711.0 mi
79
KY-407937
Paved · Full utilities
172.8Oct 20, 2025$566,0003,2761,9618.2 mi
76
KY-406715
Paved · Power at road
71.3Jan 26, 2025$171,9002,4121,4522.4 mi
67
KY-599315
Gravel · Power at road
468.8Jul 11, 2024$781,7001,6672,0164.4 mi
67
KY-579059
Dirt · Full utilities
389.4Mar 18, 2024$728,5001,8712,0644.5 mi
61
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Market time (7 mo)+2.5%

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.