← New search
Fayette County, IA · Sold

IA-409760

2466 County Road 118

$3,596,800
$5,558/ac · 647 ac
Acreage647 ac
Price per acre$5,558/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedMay 4, 2024
Coordinates42.8738, -91.8326
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

1 item to verify before you offer.

Risk index
17
Low risk
Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power242 ft away

Power at or near the road.

Buildable area574.80 of 647.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,648,831
$2,323,774$2,973,888 · $4,093/ac on 647 ac
Asking vs estimate
+35.8%
Priced above 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 $3,596,800
Maximum allowable offer
$1,513,618
$2,339/ac · +30.0% target margin

You need $2,083,182 off asking to hit this margin.

All-in cost$1,642,276
Net resale$2,436,925
Projected profit$794,649
ROI+48.4%
Annualized+69.2%
Break-even resale$2,759/ac
Profit if resale lands off target
-20%
$307,264
-10%
$550,957
0%
$794,649
+10%
$1,038,342
+20%
$1,282,034
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-209940
Gravel · Power at road
737.3Mar 3, 2024$2,756,3003,7394,2922.0 mi
78
IA-428591
Gravel · Off grid
277.5Jul 27, 2026$1,218,3004,3914,0212.9 mi
77
IA-618081
Dirt · Off grid
191.8Jul 27, 2026$712,5003,7163,5646.0 mi
73
IA-157999
Gravel · Power at road
180.7Mar 3, 2025$1,226,7006,7894,9584.3 mi
68
IA-168718
Landlocked · Off grid
304.2Feb 2, 2024$716,0002,3543,5954.4 mi
61
Show adjustment detail for the top comp
  • Tract size (737.25 ac → 647.12 ac)+4.1%
  • Market time (29 mo)+10.3%

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.