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Madison County, KY · Sold

KY-657840

8955 County Road 340

$497,800
$3,091/ac · 161 ac
Acreage161 ac
Price per acre$3,091/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedDec 15, 2023
Coordinates37.6879, -84.3273
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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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands10.6% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,207 ft of deeded road frontage.

Power9,028 ft away

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

Buildable area136.77 of 161.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$475,607
$370,417$580,797 · $2,953/ac on 161 ac
Asking vs estimate
+4.7%
In line with 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 $497,800
Maximum allowable offer
$271,775
$1,688/ac · +30.0% target margin

You need $226,025 off asking to hit this margin.

All-in cost$294,876
Net resale$437,558
Projected profit$142,682
ROI+48.4%
Annualized+69.3%
Break-even resale$1,990/ac
Profit if resale lands off target
-20%
$55,171
-10%
$98,927
0%
$142,682
+10%
$186,438
+20%
$230,194
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-347402
Gravel · Power at road
117.3Jun 10, 2026$324,5002,7682,1817.3 mi
80
KY-698157
Dirt · Power at road
202.6May 21, 2026$706,2003,4853,7058.1 mi
78
KY-496247
Gravel · Power at road
50.8Mar 30, 2026$284,6005,6033,6732.3 mi
71
KY-978816
Dirt · Full utilities
326.6Feb 24, 2026$778,7002,3852,4066.8 mi
70
KY-379522
Dirt · Power at road
544.6Jul 26, 2024$992,0001,8212,7826.7 mi
56
Show adjustment detail for the top comp
  • Tract size (117.25 ac → 161.04 ac)-8.0%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.