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Madison County, TN · Sold

TN-455102

1061 County Road 371

$138,800
$6,892/ac · 20.14 ac
Acreage20.14 ac
Price per acre$6,892/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedFeb 12, 2024
Coordinates35.6566, -88.8521
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, Tennessee. Cumberland Plateau and Middle Tennessee tracts; retirees and cabin builders.

View Madison market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands17.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.7%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

652 ft of deeded road frontage.

Power14,404 ft away

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

Buildable area15.88 of 20.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$113,913
$96,750$131,077 · $5,656/ac on 20.14 ac
Asking vs estimate
+21.8%
Priced above the comp set

Weighted from 7 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 $138,800
Maximum allowable offer
$65,093
$3,232/ac · +30.0% target margin

You need $73,707 off asking to hit this margin.

All-in cost$70,626
Net resale$104,800
Projected profit$34,174
ROI+48.4%
Annualized+69.3%
Break-even resale$3,812/ac
Profit if resale lands off target
-20%
$13,214
-10%
$23,694
0%
$34,174
+10%
$44,654
+20%
$55,134
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-345393
Dirt · Power at road
24.9Jun 7, 2026$189,4007,6156,7161.3 mi
90
TN-904483
Gravel · Power at road
12.9Jul 27, 2026$103,2008,0225,5896.2 mi
77
TN-414600
Landlocked · Full utilities
14.0Mar 28, 2025$64,4004,6034,1161.4 mi
72
TN-614821
Paved · Power at road
16.4Jun 7, 2024$130,5007,9455,2449.9 mi
71
TN-403809
Paved · Power at road
7.9Jul 27, 2026$71,9009,1165,1749.4 mi
69
TN-526122
Paved · Off grid
42.2Nov 26, 2024$288,4006,8386,0044.6 mi
65
TN-615854
Paved · Power at road
34.7Aug 12, 2024$316,0009,0996,6339.3 mi
62
Show adjustment detail for the top comp
  • Tract size (24.87 ac → 20.14 ac)+2.9%
  • 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.