Comparable sales & offer analysis
Parcel KY-973023
Madison County, KY · 4.91 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$23,000
Adjusted value
$27,883
Value range
$21,486–$34,279
Comp $/acre
$5,679/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.5% versus the adjusted value.
Offer position
Max allowable offer
$15,933
Offer $/acre
$3,245/ac
Projected profit
$8,365
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-702355 | 3.0 | Jul 27, 2026 | $13,900 | 4,600 | 4,554 | 82 |
| KY-542903 | 4.5 | Feb 9, 2026 | $14,900 | 3,318 | 4,993 | 81 |
| KY-463542 | 7.2 | Jul 27, 2026 | $57,900 | 8,083 | 8,311 | 80 |
| KY-272701 | 3.9 | Aug 25, 2024 | $23,700 | 6,100 | 5,591 | 79 |
| KY-633877 | 9.1 | Jul 27, 2026 | $38,200 | 4,183 | 4,372 | 78 |
| KY-632861 | 4.4 | May 14, 2025 | $22,700 | 5,185 | 4,424 | 76 |
| KY-143204 | 5.6 | Sep 13, 2025 | $33,300 | 5,952 | 7,274 | 75 |
| KY-942288 | 2.9 | Feb 22, 2025 | $17,000 | 5,892 | 6,100 | 73 |
| KY-853260 | 5.8 | Jan 3, 2025 | $29,700 | 5,093 | 4,686 | 73 |
| KY-854711 | 16.7 | May 19, 2026 | $139,100 | 8,335 | 6,693 | 63 |
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.