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Allamakee County, IA · Sold

IA-976961

557 County Road 391

$502,900
$5,903/ac · 85.19 ac
Acreage85.19 ac
Price per acre$5,903/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedOct 24, 2025
Coordinates43.3247, -91.3431
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

5 items to verify before you offer.

Risk index
55
Moderate risk
Wetlands27.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power3,442 ft away

Service extension needed; get a utility quote.

Buildable area59.00 of 85.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$519,710
$398,749$640,671 · $6,101/ac on 85.19 ac
Asking vs estimate
-3.2%
In line with 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 $502,900
Maximum allowable offer
$296,977
$3,486/ac · +30.0% target margin

You need $205,923 off asking to hit this margin.

All-in cost$322,220
Net resale$478,133
Projected profit$155,913
ROI+48.4%
Annualized+69.2%
Break-even resale$4,111/ac
Profit if resale lands off target
-20%
$60,286
-10%
$108,100
0%
$155,913
+10%
$203,726
+20%
$251,540
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-406897
Dirt · Off grid
81.3Jun 30, 2026$472,7005,8124,5707.1 mi
86
IA-636502
Paved · Power at road
61.1Jul 14, 2026$758,40012,4145,6629.2 mi
77
IA-187600
Gravel · Full utilities
135.3Feb 2, 2025$1,351,5009,9865,6535.7 mi
72
IA-767815
Paved · Full utilities
158.2Mar 27, 2025$2,577,10016,2968,1019.1 mi
68
IA-775711
Dirt · Off grid
34.4Aug 18, 2025$253,6007,3655,0374.9 mi
67
IA-838129
Dirt · Full utilities
198.5Feb 25, 2024$2,172,40010,9428,2853.6 mi
60
Show adjustment detail for the top comp
  • Tract size (81.33 ac → 85.19 ac)-1.1%
  • Access (Dirt → Landlocked)-20.9%
  • 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.