← New search
Wayne County, KY · Sold

KY-103606

5297 County Road 398

$53,300
$7,107/ac · 7.50 ac
Acreage7.50 ac
Price per acre$7,107/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedApr 18, 2024
Coordinates36.7840, -84.9160
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

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

View Wayne market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

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.

Power226 ft away

Power at or near the road.

Buildable area6.02 of 7.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$52,712
$40,756 – $64,669 · $7,028/ac on 7.50 ac
Asking vs estimate
+1.1%
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 $53,300
Maximum allowable offer
$30,121
$4,016/ac · +30.0% target margin

You need $23,179 off asking to hit this margin.

All-in cost$32,681
Net resale$48,495
Projected profit$15,814
ROI+48.4%
Annualized+69.3%
Break-even resale$4,736/ac
Profit if resale lands off target
-20%
$6,115
-10%
$10,964
0%
$15,814
+10%
$20,663
+20%
$25,513
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-173220
Landlocked · Power at road
5.7Jul 27, 2026$25,4004,4846,5404.1 mi
82
KY-154238
Dirt · Full utilities
11.8Jul 27, 2026$89,5007,5517,5122.2 mi
78
KY-503014
Gravel · Off grid
4.9Jul 27, 2026$25,0005,1165,9267.9 mi
78
KY-423210
Dirt · Power at road
5.6Jun 20, 2025$21,3003,7924,5726.2 mi
73
KY-234039
Dirt · Power at road
10.3Jun 29, 2025$45,0004,3905,5005.5 mi
73
KY-934377
Dirt · Power at road
13.1Feb 6, 2026$103,8007,9229,8965.6 mi
73
KY-453013
Gravel · Power at road
4.9May 23, 2025$28,9005,9206,11611.9 mi
70
KY-674588
Gravel · Full utilities
15.3Jul 19, 2025$128,9008,4447,7252.9 mi
70
KY-862347
Dirt · Power at road
3.0Mar 11, 2025$24,0007,9869,5010.7 mi
67
KY-245279
Paved · Off grid
25.2Jul 27, 2026$162,6006,4577,34210.5 mi
64
Show adjustment detail for the top comp
  • Tract size (5.67 ac → 7.5 ac)-1.6%
  • Access (Landlocked → Gravel)+47.1%
  • 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.