← New search
Madison County, KY · Sold

KY-698157

5031 County Road 289

$688,300
$3,397/ac · 203 ac
Acreage203 ac
Price per acre$3,397/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedApr 21, 2026
Coordinates37.7868, -84.2485
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

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
11
Low risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope12.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,296 ft of deeded road frontage.

Power193 ft away

Power at or near the road.

Buildable area156.58 of 202.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$528,504
$444,257$612,751 · $2,608/ac on 203 ac
Asking vs estimate
+30.2%
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 $688,300
Maximum allowable offer
$302,002
$1,491/ac · +30.0% target margin

You need $386,298 off asking to hit this margin.

All-in cost$327,672
Net resale$486,224
Projected profit$158,552
ROI+48.4%
Annualized+69.3%
Break-even resale$1,758/ac
Profit if resale lands off target
-20%
$61,307
-10%
$109,929
0%
$158,552
+10%
$207,174
+20%
$255,796
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-347402
Gravel · Power at road
117.3Jun 10, 2026$324,5002,7682,0720.7 mi
80
KY-978816
Dirt · Full utilities
326.6Feb 24, 2026$778,7002,3852,2851.3 mi
79
KY-559845
Gravel · Off grid
688.2Jul 21, 2026$1,578,3002,2933,3383.2 mi
70
KY-657840
Gravel · Off grid
161.0Dec 20, 2024$457,0002,8382,8838.1 mi
69
KY-139602
Paved · Off grid
577.1Mar 18, 2025$1,195,3002,0712,5572.1 mi
67
KY-379522
Dirt · Power at road
544.6Jul 26, 2024$992,0001,8212,6436.5 mi
63
Show adjustment detail for the top comp
  • Tract size (117.25 ac → 202.61 ac)-13.6%
  • Access (Gravel → Dirt)-14.0%
  • Market time (2 mo)+0.8%

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.