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Nelson County, KY · Sold

KY-227466

703 County Road 224

$662,400
$5,393/ac · 123 ac
Acreage123 ac
Price per acre$5,393/ac
ZoningUnzoned
Road accessPaved
UtilitiesFull utilities
TopographyMixed
ListedSep 25, 2025
Coordinates37.8086, -85.4616
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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

Nelson County, Kentucky. Cave country and Appalachian hunting tracts with cheap owner financing.

View Nelson market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands13.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

889 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area100.69 of 122.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$922,376
$751,849$1,092,903 · $7,510/ac on 123 ac
Asking vs estimate
-28.2%
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 $662,400
Maximum allowable offer
$527,072
$4,291/ac · +30.0% target margin

You need $135,328 off asking to hit this margin.

All-in cost$571,873
Net resale$848,586
Projected profit$276,713
ROI+48.4%
Annualized+69.2%
Break-even resale$5,061/ac
Profit if resale lands off target
-20%
$106,996
-10%
$191,855
0%
$276,713
+10%
$361,572
+20%
$446,430
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-207864
Gravel · Off grid
163.9Jul 27, 2026$735,9004,4918,2261.3 mi
84
KY-597497
Paved · Power at road
125.6Mar 29, 2025$580,1004,6185,9965.2 mi
79
KY-647542
Dirt · Power at road
129.8Jul 21, 2025$467,9003,6066,3973.4 mi
78
KY-597004
Landlocked · Off grid
87.9Jul 25, 2025$311,4003,5448,4845.7 mi
76
KY-187069
Dirt · Power at road
92.1Apr 10, 2024$297,5003,2305,5294.6 mi
72
KY-818812
Landlocked · Power at road
325.6Jul 27, 2026$689,5002,1185,8873.5 mi
72
KY-788132
Dirt · Off grid
199.0Jun 26, 2025$677,7003,4067,9991.1 mi
72
KY-805938
Dirt · Power at road
40.6Feb 21, 2025$268,5006,6129,1832.9 mi
61
KY-856110
Paved · Off grid
46.0May 3, 2024$323,8007,0418,8576.3 mi
61
KY-856447
Dirt · Power at road
58.7Jan 18, 2024$353,8006,0279,3955.7 mi
60
Show adjustment detail for the top comp
  • Tract size (163.86 ac → 122.82 ac)+7.9%
  • Access (Gravel → Paved)+18.0%
  • 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.