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Logan County, KY · Sold

KY-609139

5847 County Road 305

$680,200
$1,648/ac · 413 ac
Acreage413 ac
Price per acre$1,648/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedSep 24, 2024
Coordinates36.9351, -86.8996
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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

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

View Logan market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands7.5% of tract

Little to no mapped wetland coverage.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,750 ft of deeded road frontage.

Power8,622 ft away

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

Buildable area362.64 of 412.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$610,747
$465,149$756,345 · $1,480/ac on 413 ac
Asking vs estimate
+11.4%
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 $680,200
Maximum allowable offer
$348,998
$846/ac · +30.0% target margin

You need $331,202 off asking to hit this margin.

All-in cost$378,663
Net resale$561,887
Projected profit$183,225
ROI+48.4%
Annualized+69.3%
Break-even resale$997/ac
Profit if resale lands off target
-20%
$70,847
-10%
$127,036
0%
$183,225
+10%
$239,413
+20%
$295,602
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-828231
Dirt · Full utilities
213.8Jul 27, 2026$481,7002,2531,3006.5 mi
81
KY-228735
Paved · Full utilities
308.0Jul 27, 2026$772,9002,5101,17210.6 mi
77
KY-786466
Gravel · Off grid
59.5Jul 27, 2026$151,8002,5511,31810.8 mi
62
KY-557144
Dirt · Off grid
97.3Jan 2, 2025$220,8002,2701,6273.7 mi
62
KY-957112
Landlocked · Power at road
95.0Dec 4, 2024$273,8002,8812,2148.5 mi
54
Show adjustment detail for the top comp
  • Tract size (213.77 ac → 412.68 ac)-17.4%
  • Utilities (Full utilities → Off grid)-30.3%

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.