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Madison County, KY · Sold

KY-347402

779 County Road 398

$367,500
$3,134/ac · 117 ac
Acreage117 ac
Price per acre$3,134/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedMay 5, 2025
Coordinates37.7778, -84.2557
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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

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

View Madison market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
26
Low risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope28.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,387 ft of deeded road frontage.

Power60 ft away

Power at or near the road.

Buildable area68.38 of 117.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$477,173
$398,758$555,587 · $4,070/ac on 117 ac
Asking vs estimate
-23.0%
Priced below the comp set

Weighted from 8 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 $367,500
Maximum allowable offer
$272,670
$2,326/ac · +30.0% target margin

You need $94,830 off asking to hit this margin.

All-in cost$295,847
Net resale$438,999
Projected profit$143,152
ROI+48.4%
Annualized+69.2%
Break-even resale$2,743/ac
Profit if resale lands off target
-20%
$55,352
-10%
$99,252
0%
$143,152
+10%
$187,052
+20%
$230,952
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-698157
Dirt · Power at road
202.6May 21, 2026$706,2003,4854,7380.7 mi
80
KY-175773
Landlocked · Power at road
36.0Jul 27, 2026$119,1003,3063,7702.1 mi
78
KY-496247
Gravel · Power at road
50.8Mar 30, 2026$284,6005,6034,6979.5 mi
76
KY-895796
Gravel · Power at road
36.6Jul 27, 2026$235,9006,4405,0076.4 mi
74
KY-657840
Gravel · Off grid
161.0Dec 20, 2024$457,0002,8383,8807.3 mi
71
KY-978816
Dirt · Full utilities
326.6Feb 24, 2026$778,7002,3853,0760.6 mi
70
KY-305955
Dirt · Full utilities
41.1May 22, 2025$167,2004,0673,2304.7 mi
62
KY-395857
Landlocked · Full utilities
38.3Sep 29, 2025$151,6003,9613,8719.9 mi
61
Show adjustment detail for the top comp
  • Tract size (202.61 ac → 117.25 ac)+15.8%
  • Access (Dirt → Gravel)+16.3%
  • Market time (3 mo)+1.0%

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.