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Butler County, IA · Sold

IA-397510

3603 County Road 150

$2,119,600
$16,716/ac · 127 ac
Acreage127 ac
Price per acre$16,716/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedApr 7, 2024
Coordinates42.7906, -92.6963
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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

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

View Butler market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
6
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,095 ft of deeded road frontage.

Power222 ft away

Power at or near the road.

Buildable area120.34 of 126.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,090,516
$1,582,729$2,598,304 · $16,487/ac on 127 ac
Asking vs estimate
+1.4%
In line with 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 $2,119,600
Maximum allowable offer
$1,194,581
$9,421/ac · +30.0% target margin

You need $925,019 off asking to hit this margin.

All-in cost$1,296,120
Net resale$1,923,275
Projected profit$627,154
ROI+48.4%
Annualized+69.2%
Break-even resale$11,111/ac
Profit if resale lands off target
-20%
$242,500
-10%
$434,827
0%
$627,154
+10%
$819,482
+20%
$1,011,809
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-789237
Dirt · Off grid
443.0Jun 14, 2026$3,096,3006,98916,1785.5 mi
72
IA-576203
Dirt · Full utilities
49.2Jul 27, 2026$787,60016,01214,5045.7 mi
71
IA-516761
Dirt · Off grid
73.7Feb 14, 2025$1,095,20014,86122,3406.4 mi
70
IA-646543
Dirt · Power at road
62.9May 1, 2025$535,4008,50710,4096.0 mi
67
IA-238460
Landlocked · Full utilities
252.3Aug 7, 2024$2,560,20010,14618,9001.0 mi
65
Show adjustment detail for the top comp
  • Tract size (443.04 ac → 126.8 ac)+42.4%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (2 mo)+0.7%

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.