Comparable sales & offer analysis
Parcel KY-347402
Madison County, KY · 117 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$367,500
Adjusted value
$479,680
Value range
$400,844–$558,516
Comp $/acre
$4,091/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.4% versus the adjusted value.
Offer position
Max allowable offer
$274,103
Offer $/acre
$2,338/ac
Projected profit
$143,904
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| KY-698157 | 202.6 | May 21, 2026 | $706,200 | 3,485 | 4,764 | 79 |
| KY-175773 | 36.0 | Jul 27, 2026 | $119,100 | 3,306 | 3,791 | 76 |
| KY-496247 | 50.8 | Mar 30, 2026 | $284,600 | 5,603 | 4,723 | 75 |
| KY-895796 | 36.6 | Jul 27, 2026 | $235,900 | 6,440 | 5,035 | 72 |
| KY-657840 | 161.0 | Dec 20, 2024 | $457,000 | 2,838 | 3,901 | 70 |
| KY-978816 | 326.6 | Feb 24, 2026 | $778,700 | 2,385 | 3,093 | 69 |
| KY-305955 | 41.1 | May 22, 2025 | $167,200 | 4,067 | 3,247 | 61 |
| KY-395857 | 38.3 | Sep 29, 2025 | $151,600 | 3,961 | 3,892 | 60 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.