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Allamakee County, IA · Sold

IA-838129

1478 County Road 78

$2,072,900
$10,441/ac · 199 ac
Acreage199 ac
Price per acre$10,441/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedJan 17, 2024
Coordinates43.2891, -91.2915
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
20
Low risk
Wetlands17.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,377 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area155.61 of 198.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,659,991
$1,328,446$1,991,536 · $8,361/ac on 199 ac
Asking vs estimate
+24.9%
Priced above 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 $2,072,900
Maximum allowable offer
$948,566
$4,778/ac · +30.0% target margin

You need $1,124,334 off asking to hit this margin.

All-in cost$1,029,194
Net resale$1,527,192
Projected profit$497,998
ROI+48.4%
Annualized+69.2%
Break-even resale$5,635/ac
Profit if resale lands off target
-20%
$192,559
-10%
$345,279
0%
$497,998
+10%
$650,717
+20%
$803,436
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-406897
Dirt · Off grid
81.3Jun 30, 2026$472,7005,8126,6624.8 mi
74
IA-767815
Paved · Full utilities
158.2Mar 27, 2025$2,577,10016,29611,81010.0 mi
72
IA-976961
Landlocked · Off grid
85.2Feb 21, 2026$420,9004,9417,3493.6 mi
70
IA-187600
Gravel · Full utilities
135.3Feb 2, 2025$1,351,5009,9868,2428.8 mi
68
IA-549047
Paved · Off grid
386.1May 11, 2025$2,263,9005,8647,8255.0 mi
66
IA-636502
Paved · Power at road
61.1Jul 14, 2026$758,40012,4148,25410.4 mi
66
Show adjustment detail for the top comp
  • Tract size (81.33 ac → 198.54 ac)-20.6%
  • Utilities (Off grid → Full utilities)+43.5%
  • 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.