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Allamakee County, IA · Sold

IA-491377

1460 County Road 234

$27,900
$18,725/ac · 1.49 ac
Acreage1.49 ac
Price per acre$18,725/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedDec 26, 2023
Coordinates43.3552, -91.3790
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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands14.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

215 ft of deeded road frontage.

Power10,932 ft away

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

Buildable area1.20 of 1.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$25,189
$18,136$32,242 · $16,905/ac on 1.49 ac
Asking vs estimate
+10.8%
Priced above the comp set

Weighted from 5 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 $27,900
Maximum allowable offer
$14,394
$9,660/ac · +30.0% target margin

You need $13,506 off asking to hit this margin.

All-in cost$15,617
Net resale$23,174
Projected profit$7,556
ROI+48.4%
Annualized+69.2%
Break-even resale$11,393/ac
Profit if resale lands off target
-20%
$2,921
-10%
$5,239
0%
$7,556
+10%
$9,874
+20%
$12,191
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-671414
Landlocked · Off grid
1.5Nov 14, 2025$13,3008,71015,5988.9 mi
79
IA-882038
Dirt · Off grid
2.4Mar 12, 2024$41,20017,10626,1053.0 mi
73
IA-760085
Dirt · Off grid
0.6Apr 5, 2026$4,3007,42610,2488.9 mi
68
IA-793606
Gravel · Off grid
7.5Jul 27, 2026$65,5008,73510,9247.2 mi
66
IA-963263
Dirt · Off grid
5.8May 29, 2024$80,10013,69221,4062.1 mi
63
Show adjustment detail for the top comp
  • Access (Landlocked → Paved)+73.5%
  • Market time (9 mo)+3.2%

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.