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Butler County, IA · Sold

IA-509794

3017 County Road 304

$3,549,500
$5,352/ac · 663 ac
Acreage663 ac
Price per acre$5,352/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJan 18, 2024
Coordinates42.7941, -92.7132
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

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

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands13.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,673 ft of deeded road frontage.

Power13,718 ft away

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

Buildable area546.29 of 663.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,489,118
$3,695,141$5,283,094 · $6,768/ac on 663 ac
Asking vs estimate
-20.9%
Priced below 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 $3,549,500
Maximum allowable offer
$2,565,210
$3,868/ac · +30.0% target margin

You need $984,290 off asking to hit this margin.

All-in cost$2,783,253
Net resale$4,129,988
Projected profit$1,346,736
ROI+48.4%
Annualized+69.2%
Break-even resale$4,561/ac
Profit if resale lands off target
-20%
$520,738
-10%
$933,737
0%
$1,346,736
+10%
$1,759,734
+20%
$2,172,733
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-539553
Landlocked · Full utilities
557.0Jul 27, 2026$2,770,3004,9744,8424.1 mi
83
IA-789237
Dirt · Off grid
443.0Jun 14, 2026$3,096,3006,9897,2424.8 mi
80
IA-849390
Paved · Full utilities
495.0Mar 21, 2026$5,912,00011,9446,5616.2 mi
76
IA-238460
Landlocked · Full utilities
252.3Aug 7, 2024$2,560,20010,1468,4611.2 mi
66
IA-559273
Dirt · Power at road
454.7Oct 4, 2024$3,430,4007,5447,17010.0 mi
65
Show adjustment detail for the top comp
  • Tract size (557 ac → 663.25 ac)-5.2%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Off grid)-30.3%

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.