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Madison County, TN · Sold

TN-589558

6471 County Road 306

$2,243,900
$4,415/ac · 508 ac
Acreage508 ac
Price per acre$4,415/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedMay 20, 2024
Coordinates35.5390, -88.9260
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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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands12.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area422.93 of 508.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,281,760
$1,809,274$2,754,246 · $4,490/ac on 508 ac
Asking vs estimate
-1.7%
In line with the comp set

Weighted from 6 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 $2,243,900
Maximum allowable offer
$1,303,863
$2,566/ac · +30.0% target margin

You need $940,037 off asking to hit this margin.

All-in cost$1,414,691
Net resale$2,099,219
Projected profit$684,528
ROI+48.4%
Annualized+69.2%
Break-even resale$3,026/ac
Profit if resale lands off target
-20%
$264,684
-10%
$474,606
0%
$684,528
+10%
$894,450
+20%
$1,104,372
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-569513
Landlocked · Off grid
491.9Jul 27, 2026$1,710,0003,4766,26211.1 mi
82
TN-529807
Gravel · Power at road
608.7Jul 27, 2026$1,931,3003,1733,52412.5 mi
79
TN-458233
Gravel · Full utilities
194.6Jan 27, 2026$1,245,2006,3984,2562.3 mi
75
TN-348223
Landlocked · Off grid
193.2Jul 27, 2026$594,1003,0754,2216.8 mi
75
TN-878886
Paved · Power at road
312.3Jan 21, 2025$1,435,8004,5973,7694.2 mi
68
TN-228522
Gravel · Off grid
239.9May 18, 2025$1,096,5004,5704,7609.1 mi
62
Show adjustment detail for the top comp
  • Tract size (491.91 ac → 508.21 ac)-1.0%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Off grid → Full utilities)+43.5%

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.