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Madison County, TN · Sold

TN-348223

3741 County Road 124

$634,700
$3,285/ac · 193 ac
Acreage193 ac
Price per acre$3,285/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedFeb 26, 2026
Coordinates35.6211, -88.8607
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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, Tennessee. Cumberland Plateau and Middle Tennessee tracts; retirees and cabin builders.

View Madison market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,898 ft away

Service extension needed; get a utility quote.

Buildable area167.95 of 193.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$617,822
$492,791$742,852 · $3,198/ac on 193 ac
Asking vs estimate
+2.7%
In line with 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 $634,700
Maximum allowable offer
$353,041
$1,827/ac · +30.0% target margin

You need $281,659 off asking to hit this margin.

All-in cost$383,049
Net resale$568,396
Projected profit$185,346
ROI+48.4%
Annualized+69.2%
Break-even resale$2,155/ac
Profit if resale lands off target
-20%
$71,667
-10%
$128,507
0%
$185,346
+10%
$242,186
+20%
$299,026
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-458233
Gravel · Full utilities
194.6Jan 27, 2026$1,245,2006,3983,1074.7 mi
87
TN-228522
Gravel · Off grid
239.9May 18, 2025$1,096,5004,5703,4752.3 mi
77
TN-627162
Gravel · Power at road
89.6Jul 27, 2026$522,6005,8342,7681.0 mi
76
TN-569513
Landlocked · Off grid
491.9Jul 27, 2026$1,710,0003,4764,5728.3 mi
74
TN-396843
Dirt · Full utilities
71.1Jul 27, 2026$492,5006,9272,9682.9 mi
72
TN-106925
Dirt · Power at road
75.5Jul 27, 2026$418,0005,5402,9357.2 mi
70
TN-907213
Gravel · Full utilities
93.0Apr 20, 2025$578,0006,2192,5704.6 mi
70
TN-827548
Paved · Full utilities
118.5Sep 21, 2024$1,306,30011,0254,1956.0 mi
70
TN-529807
Gravel · Power at road
608.7Jul 27, 2026$1,931,3003,1732,5736.1 mi
69
TN-878886
Paved · Power at road
312.3Jan 21, 2025$1,435,8004,5972,7524.6 mi
67
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (7 mo)+2.3%

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.