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Fayette County, IA · Sold

IA-606271

6978 County Road 15

$714,200
$13,820/ac · 51.68 ac
Acreage51.68 ac
Price per acre$13,820/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedApr 5, 2025
Coordinates42.8804, -91.9297
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

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

View Fayette market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands7.3% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

906 ft of deeded road frontage.

Power77 ft away

Power at or near the road.

Buildable area45.51 of 51.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$549,467
$434,399$664,534 · $10,632/ac on 51.68 ac
Asking vs estimate
+30.0%
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 $714,200
Maximum allowable offer
$313,981
$6,075/ac · +30.0% target margin

You need $400,219 off asking to hit this margin.

All-in cost$340,669
Net resale$505,509
Projected profit$164,840
ROI+48.4%
Annualized+69.2%
Break-even resale$7,165/ac
Profit if resale lands off target
-20%
$63,738
-10%
$114,289
0%
$164,840
+10%
$215,391
+20%
$265,942
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-106068
Dirt · Full utilities
44.6May 10, 2025$550,50012,34114,2007.4 mi
78
IA-965085
Dirt · Off grid
21.9Jul 27, 2026$141,6006,4709,0524.6 mi
73
IA-644915
Dirt · Power at road
19.4Jul 27, 2026$124,1006,4157,5087.0 mi
72
IA-964696
Dirt · Power at road
16.5Aug 30, 2024$130,3007,8949,7904.0 mi
65
IA-157999
Gravel · Power at road
180.7Mar 3, 2025$1,226,7006,78911,5112.2 mi
63
IA-275114
Dirt · Power at road
22.4Jan 18, 2024$197,6008,84311,6637.9 mi
60
Show adjustment detail for the top comp
  • Tract size (44.61 ac → 51.68 ac)-2.9%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (15 mo)+5.3%

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.