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Madison County, TN · Sold

TN-904483

2607 County Road 240

$123,700
$9,619/ac · 12.86 ac
Acreage12.86 ac
Price per acre$9,619/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedJul 10, 2026
Coordinates35.5750, -88.8973
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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

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

876 ft of deeded road frontage.

Power10 ft away

Power at or near the road.

Buildable area10.95 of 12.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$105,924
$85,510$126,339 · $8,237/ac on 12.86 ac
Asking vs estimate
+16.8%
Priced above 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 $123,700
Maximum allowable offer
$60,528
$4,707/ac · +30.0% target margin

You need $63,172 off asking to hit this margin.

All-in cost$65,673
Net resale$97,451
Projected profit$31,778
ROI+48.4%
Annualized+69.3%
Break-even resale$5,551/ac
Profit if resale lands off target
-20%
$12,288
-10%
$22,033
0%
$31,778
+10%
$41,523
+20%
$51,268
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-414600
Landlocked · Full utilities
14.0Mar 28, 2025$64,4004,6035,9215.3 mi
79
TN-403809
Paved · Power at road
7.9Jul 27, 2026$71,9009,1167,4439.6 mi
77
TN-345393
Dirt · Power at road
24.9Jun 7, 2026$189,4007,6159,6607.0 mi
74
TN-614821
Paved · Power at road
16.4Jun 7, 2024$130,5007,9457,5433.7 mi
72
TN-455102
Dirt · Off grid
20.1Dec 16, 2024$148,9007,39511,3806.2 mi
66
TN-782943
Paved · Power at road
4.2Dec 29, 2025$32,6007,7146,2446.1 mi
66
TN-713267
Gravel · Full utilities
5.3Mar 20, 2025$56,60010,6238,6697.6 mi
64
TN-615854
Paved · Power at road
34.7Aug 12, 2024$316,0009,0999,5419.6 mi
63
TN-672865
Dirt · Off grid
4.0Sep 23, 2025$23,8005,9877,8895.8 mi
62
TN-526122
Paved · Off grid
42.2Nov 26, 2024$288,4006,8388,6377.1 mi
57
Show adjustment detail for the top comp
  • Tract size (14 ac → 12.86 ac)+0.8%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (17 mo)+5.8%

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.