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Fayette County, IA · Sold

IA-920709

2985 County Road 244

$12,400
$13,478/ac · 0.92 ac
Acreage0.92 ac
Price per acre$13,478/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedOct 9, 2024
Coordinates42.9375, -91.7616
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
6
Low risk
Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

165 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area0.82 of 0.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$13,974
$11,431$16,517 · $15,189/ac on 0.92 ac
Asking vs estimate
-11.3%
Priced below the comp set

Weighted from 7 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 $12,400
Maximum allowable offer
$7,985
$8,680/ac · +30.0% target margin

You need $4,415 off asking to hit this margin.

All-in cost$8,664
Net resale$12,856
Projected profit$4,192
ROI+48.4%
Annualized+69.3%
Break-even resale$10,236/ac
Profit if resale lands off target
-20%
$1,621
-10%
$2,907
0%
$4,192
+10%
$5,478
+20%
$6,764
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-730778
Gravel · Full utilities
1.0Jan 5, 2026$16,40016,95417,3962.0 mi
91
IA-250288
Gravel · Power at road
0.7Jul 27, 2026$7,10010,45912,7569.3 mi
80
IA-530977
Dirt · Power at road
1.1Feb 16, 2026$12,60011,23716,30510.7 mi
79
IA-880276
Gravel · Power at road
0.7Nov 16, 2025$7,00010,48113,1534.0 mi
78
IA-180627
Dirt · Power at road
0.9Dec 24, 2023$11,10012,73620,0642.1 mi
74
IA-420258
Dirt · Power at road
0.7Apr 12, 2024$4,8007,34811,4197.9 mi
65
IA-380067
Dirt · Power at road
0.6Jan 7, 2025$5,5009,54214,39711.5 mi
64
Show adjustment detail for the top comp
  • Market time (7 mo)+2.6%

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.