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Clayton County, IA · Sold

IA-207639

6618 County Road 87

$905,500
$6,504/ac · 139 ac
Acreage139 ac
Price per acre$6,504/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJul 11, 2024
Coordinates42.8493, -91.2343
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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

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

View Clayton market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands14.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,176 ft of deeded road frontage.

Power11,576 ft away

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

Buildable area113.35 of 139.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$710,555
$536,070$885,039 · $5,104/ac on 139 ac
Asking vs estimate
+27.4%
Priced above the comp set

Weighted from 8 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 $905,500
Maximum allowable offer
$406,031
$2,916/ac · +30.0% target margin

You need $499,469 off asking to hit this margin.

All-in cost$440,544
Net resale$653,710
Projected profit$213,167
ROI+48.4%
Annualized+69.2%
Break-even resale$3,440/ac
Profit if resale lands off target
-20%
$82,425
-10%
$147,796
0%
$213,167
+10%
$278,538
+20%
$343,909
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-707545
Gravel · Power at road
130.1Oct 22, 2025$898,6006,9105,9673.8 mi
82
IA-468320
Paved · Off grid
228.0Feb 15, 2026$844,7003,7053,6685.0 mi
75
IA-248615
Dirt · Power at road
282.3Jul 2, 2026$759,5002,6903,2514.7 mi
74
IA-878734
Dirt · Power at road
307.7Jul 27, 2026$1,572,4005,1106,3145.7 mi
73
IA-718622
Dirt · Full utilities
283.8Jul 27, 2026$1,274,6004,4924,4447.3 mi
73
IA-228139
Paved · Power at road
200.0Sep 7, 2024$1,386,1006,9315,9569.0 mi
65
IA-798786
Paved · Power at road
319.6Oct 29, 2024$1,472,8004,6094,5032.6 mi
63
IA-928608
Dirt · Full utilities
280.9Dec 15, 2024$1,853,6006,5996,9496.3 mi
63
Show adjustment detail for the top comp
  • Tract size (130.05 ac → 139.22 ac)-1.8%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (10 mo)+3.4%

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.