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Madison County, KY · Sold

KY-973023

3233 County Road 146

$23,000
$4,684/ac · 4.91 ac
Acreage4.91 ac
Price per acre$4,684/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedNov 3, 2023
Coordinates37.7733, -84.3350
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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
Wetlands11.4% of tract

Little to no mapped wetland coverage.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

323 ft of deeded road frontage.

Power6,648 ft away

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

Buildable area4.13 of 4.91 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$27,739
$21,370$34,107 · $5,649/ac on 4.91 ac
Asking vs estimate
-17.1%
Priced below the comp set

Weighted from 10 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 $23,000
Maximum allowable offer
$15,851
$3,228/ac · +30.0% target margin

You need $7,149 off asking to hit this margin.

All-in cost$17,198
Net resale$25,520
Projected profit$8,321
ROI+48.4%
Annualized+69.2%
Break-even resale$3,807/ac
Profit if resale lands off target
-20%
$3,217
-10%
$5,769
0%
$8,321
+10%
$10,873
+20%
$13,425
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-702355
Gravel · Off grid
3.0Jul 27, 2026$13,9004,6004,5292.6 mi
84
KY-542903
Landlocked · Off grid
4.5Feb 9, 2026$14,9003,3184,9665.1 mi
82
KY-463542
Gravel · Off grid
7.2Jul 27, 2026$57,9008,0838,2658.6 mi
82
KY-272701
Gravel · Power at road
3.9Aug 25, 2024$23,7006,1005,5620.9 mi
80
KY-633877
Gravel · Off grid
9.1Jul 27, 2026$38,2004,1834,3487.0 mi
79
KY-632861
Dirt · Full utilities
4.4May 14, 2025$22,7005,1854,4001.8 mi
77
KY-143204
Dirt · Off grid
5.6Sep 13, 2025$33,3005,9527,2359.6 mi
76
KY-942288
Dirt · Power at road
2.9Feb 22, 2025$17,0005,8926,0681.5 mi
74
KY-853260
Gravel · Power at road
5.8Jan 3, 2025$29,7005,0934,6617.4 mi
73
KY-854711
Paved · Power at road
16.7May 19, 2026$139,1008,3356,6578.8 mi
65
Show adjustment detail for the top comp
  • Tract size (3.03 ac → 4.91 ac)-1.8%

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.