Grayson County property record for 588 Cannon Rd, Olaton, KY 42361
| Property Type | Farm - Irrigated or Dry |
|---|---|
| Lot Size | 72 acres (3,136,320 sqft) |
| Owner | 2 Individual Names on File |
| Last Sale | $128,622 (Aug 2020) |
| Tax Bill | $143 (2025) |
| Deeds & Mortgages | Aug 2025 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 001-00-00-004.0A |
| Primary APN | 001-00-00-004.0A |
|---|---|
| Alternative APN |
|
| Lot Area | 3,136,320 sqft (72 acres) |
|---|
| Account Number | 162142 |
|---|---|
| Street Address | 588 CANNON RD |
| City | OLATON |
| State | KY |
| Zip | 42361 |
| Property Category | Agriculture or Farming |
| Property Type | Agriculture / Farming > Farm - Irrigated or Dry |
| Legal Description | 72.260 TOT AC |
| Jurisdiction | GRAYSON KY |
| Township / Civil Division | SHORT CREEK |
| Census Block Group | 2 |
| Census Block | 2046 |
| Census Tract | 950700 |
588 Cannon Rd, an agricultural property, is owned by two individuals who bought it in August 2020.
Source: Grayson County records, as of September 23, 2026
| Owner of Record | 2 Individual Names on File |
|---|---|
| Mailing Address | 5536 LANE RD, OWENSBORO, KY 42303-9771 |
| Owner Type | Individual |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | 2 Names on Deed |
|---|---|
| Last Sale | Aug 3, 2020 · Amount on File |
| Deed Sale | Aug 3, 2020 · Amount on File |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | GRAYSON KY |
| Property Address | 588 CANNON RD, OLATON, KY 42361 |
| Transaction Type | Mortgage |
| Record Updated | Nov 27, 2025 |
| Name | Verified Name |
|---|---|
| Address | 5536 LANE RD, OWENSBORO, KY 42303-9771 |
| Document Number | 00M30A/726 |
|---|---|
| Date | Aug 25, 2025 |
| Book Page | M30-A/726 |
| Name | INDEPENDENCE BANK OF KENTUCKY |
|---|---|
| Type | Bank |
| Address | HENDERSON, KY 42420 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 60 Months |
| Due | Aug 8, 2030 |
The 2025 property tax bill for 588 Cannon Rd was $143.
Source: Grayson County assessment roll, as of December 1, 2025
| Type | Name |
|---|---|
| State | Kentucky |
| County | Grayson County |
| Unified School District | Grayson County School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $29,311 (+171.27%) Land $29,311 | $217,000 (+68.71%) Land $217,000 | |
| 2025 | $143.00 | $10,805 Land $10,805 | $128,622 Land $128,622 |
| 2023 | $10,805 Land $10,805 | $128,622 Land $128,622 |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
FEMA maps place 588 Cannon Rd in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2025.
Source: FEMA National Flood Hazard Layer, effective September 19, 2012 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Nearby Flood Policies | 2 in force |
| Nearby Flood Claims | 1 (2025) |
| Most Recent Claim | Apr 2025 · Severe Storms, Straight-line Winds, Tornadoes, Flooding, Landslides, And Mudslides |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 588 Cannon Rd is low, with a 0.02% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 63% of Kentucky |
|---|---|
| Wildfire Likelihood | 0.02% annual chance |
| Exposure | Indirect within ember reach |
| Adjoins Burnable Land | Yes |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | GRAYSON COUNTY WATER DISTRICT serves 20,033 people · EPA ID KY0430616 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Feb 2025 |
| Lead | Under 1 ppb (2022–2024) action level 15 ppb |
| Water Quality | Haloacetic acids resolved · Jan 2018 |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 1 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, as of December 31, 2025
4G LTE (outdoors only), no 5G reported
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