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Wayne County, KY · Sold

KY-453013

703 County Road 197

$34,600
$7,090/ac · 4.88 ac
Acreage4.88 ac
Price per acre$7,090/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedApr 30, 2024
Coordinates36.8727, -84.7313
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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

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
52
Moderate risk
Wetlands47.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power47 ft away

Power at or near the road.

Buildable area2.45 of 4.88 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$34,165
$25,623$42,708 · $7,001/ac on 4.88 ac
Asking vs estimate
+1.3%
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 $34,600
Maximum allowable offer
$19,523
$4,001/ac · +30.0% target margin

You need $15,077 off asking to hit this margin.

All-in cost$21,182
Net resale$31,432
Projected profit$10,250
ROI+48.4%
Annualized+69.3%
Break-even resale$4,718/ac
Profit if resale lands off target
-20%
$3,963
-10%
$7,106
0%
$10,250
+10%
$13,393
+20%
$16,536
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-503014
Gravel · Off grid
4.9Jul 27, 2026$25,0005,1166,0325.3 mi
89
KY-173220
Landlocked · Power at road
5.7Jul 27, 2026$25,4004,4846,65712.8 mi
85
KY-423210
Dirt · Power at road
5.6Jun 20, 2025$21,3003,7924,65511.0 mi
78
KY-201990
Gravel · Power at road
2.3Nov 7, 2024$10,8004,6404,8665.8 mi
72
KY-154238
Dirt · Full utilities
11.8Jul 27, 2026$89,5007,5517,64510.6 mi
69
KY-103606
Gravel · Power at road
7.5Sep 29, 2024$54,7007,2918,05111.9 mi
68
KY-862347
Dirt · Power at road
3.0Mar 11, 2025$24,0007,9869,67211.3 mi
67
KY-934377
Dirt · Power at road
13.1Feb 6, 2026$103,8007,92210,0739.8 mi
66
KY-234039
Dirt · Power at road
10.3Jun 29, 2025$45,0004,3905,5999.0 mi
65
KY-221817
Paved · Off grid
2.0Apr 16, 2025$15,5007,5557,7413.1 mi
65
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%

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.