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Benton County, IA · Sold

IA-884327

9828 County Road 249

$102,600
$8,117/ac · 12.64 ac
Acreage12.64 ac
Price per acre$8,117/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedAug 16, 2024
Coordinates42.1095, -92.1257
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

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

View Benton market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands21.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

823 ft of deeded road frontage.

Power191 ft away

Power at or near the road.

Buildable area9.46 of 12.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$128,836
$103,823$153,849 · $10,193/ac on 12.64 ac
Asking vs estimate
-20.4%
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 $102,600
Maximum allowable offer
$73,621
$5,824/ac · +30.0% target margin

You need $28,979 off asking to hit this margin.

All-in cost$79,879
Net resale$118,529
Projected profit$38,650
ROI+48.4%
Annualized+69.2%
Break-even resale$6,869/ac
Profit if resale lands off target
-20%
$14,944
-10%
$26,797
0%
$38,650
+10%
$50,503
+20%
$62,356
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-434086
Gravel · Full utilities
10.6Dec 23, 2025$127,60012,0288,5738.3 mi
80
IA-973619
Landlocked · Power at road
7.6May 11, 2026$71,9009,50211,6689.5 mi
74
IA-843844
Gravel · Off grid
8.9Mar 18, 2024$89,10010,00210,8234.2 mi
67
IA-291988
Dirt · Power at road
2.3Jun 28, 2025$21,2009,1268,7491.7 mi
64
IA-632104
Dirt · Power at road
2.5Jan 17, 2026$21,5008,5027,9868.1 mi
64
IA-671980
Dirt · Power at road
2.3Apr 28, 2025$33,00014,27113,7727.9 mi
59
Show adjustment detail for the top comp
  • Tract size (10.61 ac → 12.64 ac)-1.5%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (8 mo)+2.7%

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.