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Allamakee County, IA · Sold

IA-775711

8958 County Road 247

$274,200
$7,962/ac · 34.44 ac
Acreage34.44 ac
Price per acre$7,962/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedAug 3, 2025
Coordinates43.2587, -91.3757
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

Allamakee County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Allamakee market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope10.8%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power5,682 ft away

A long utility run — price in solar/off-grid instead.

Buildable area31.54 of 34.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$312,209
$250,586$373,833 · $9,065/ac on 34.44 ac
Asking vs estimate
-12.2%
Priced below the comp set

Weighted from 6 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 $274,200
Maximum allowable offer
$178,405
$5,180/ac · +30.0% target margin

You need $95,795 off asking to hit this margin.

All-in cost$193,569
Net resale$287,233
Projected profit$93,663
ROI+48.4%
Annualized+69.3%
Break-even resale$6,109/ac
Profit if resale lands off target
-20%
$36,217
-10%
$64,940
0%
$93,663
+10%
$122,387
+20%
$151,110
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-406897
Dirt · Off grid
81.3Jun 30, 2026$472,7005,8126,9603.6 mi
77
IA-636502
Paved · Power at road
61.1Jul 14, 2026$758,40012,4148,6235.7 mi
75
IA-976961
Landlocked · Off grid
85.2Feb 21, 2026$420,9004,9417,6774.9 mi
70
IA-584650
Dirt · Power at road
16.0Nov 16, 2025$250,40015,68212,3395.5 mi
70
IA-304461
Dirt · Off grid
13.9Nov 14, 2023$125,2008,9918,8743.9 mi
63
IA-754496
Dirt · Power at road
14.3May 29, 2024$178,40012,49410,2956.1 mi
62
Show adjustment detail for the top comp
  • Tract size (81.33 ac → 34.44 ac)+19.1%
  • Market time (2 mo)+0.5%

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.