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Madison County, KY · Sold

KY-139602

6483 County Road 197

$1,378,700
$2,389/ac · 577 ac
Acreage577 ac
Price per acre$2,389/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedMar 22, 2024
Coordinates37.8040, -84.2159
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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

4 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope24.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,664 ft away

Service extension needed; get a utility quote.

Buildable area325.50 of 577.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,395,923
$1,133,112$1,658,733 · $2,419/ac on 577 ac
Asking vs estimate
-1.2%
In line with 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 $1,378,700
Maximum allowable offer
$797,670
$1,382/ac · +30.0% target margin

You need $581,030 off asking to hit this margin.

All-in cost$865,472
Net resale$1,284,249
Projected profit$418,777
ROI+48.4%
Annualized+69.2%
Break-even resale$1,630/ac
Profit if resale lands off target
-20%
$161,927
-10%
$290,352
0%
$418,777
+10%
$547,202
+20%
$675,627
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-559845
Gravel · Off grid
688.2Jul 21, 2026$1,578,3002,2932,8641.2 mi
87
KY-698157
Dirt · Power at road
202.6May 21, 2026$706,2003,4853,0202.1 mi
75
KY-978816
Dirt · Full utilities
326.6Feb 24, 2026$778,7002,3851,9613.4 mi
73
KY-379522
Dirt · Power at road
544.6Jul 26, 2024$992,0001,8212,2688.5 mi
71
KY-347402
Gravel · Power at road
117.3Jun 10, 2026$324,5002,7681,7782.8 mi
67
KY-657840
Gravel · Off grid
161.0Dec 20, 2024$457,0002,8382,47410.1 mi
57
Show adjustment detail for the top comp
  • Tract size (688.22 ac → 577.13 ac)+5.5%
  • Access (Gravel → Paved)+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.