Fayette County, IA · Sold

IA-823764

2899 County Road 238

$154,300

$18,347/ac · 8.41 ac

Offer report Market this tract

Acreage8.41 ac

Price per acre$18,347/ac

ZoningMixed Use

Road accessPaved

UtilitiesPower at road

TopographyFlat

ListedAug 23, 2024

Coordinates42.8739, -91.9349

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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

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

3 items to verify before you offer.

Risk index

Low risk

Wetlands13.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

421 ft of deeded road frontage.

Power54 ft away

Power at or near the road.

Buildable area6.90 of 8.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$114,333

$94,353 – $134,313 · $13,595/ac on 8.41 ac

Asking vs estimate

+35.0%

Priced above 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 $154,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$65,333

$7,769/ac · +30.0% target margin

You need $88,967 off asking to hit this margin.

All-in cost$70,886

Net resale$105,186

Projected profit$34,300

ROI+48.4%

Annualized+69.3%

Break-even resale$9,162/ac

Profit if resale lands off target

-20%

$13,263

-10%

$23,781

$34,300

+10%

$44,819

+20%

$55,337

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-903566 Landlocked · Off grid	7.3	Jul 27, 2026	$56,300	7,733	15,671	5.3 mi	83
IA-962729 Dirt · Power at road	4.0	Jul 27, 2026	$43,500	10,969	14,502	4.7 mi	76
IA-644915 Dirt · Power at road	19.4	Jul 27, 2026	$124,100	6,415	9,558	7.4 mi	73
IA-965085 Dirt · Off grid	21.9	Jul 27, 2026	$141,600	6,470	11,524	4.2 mi	72
IA-964696 Dirt · Power at road	16.5	Aug 30, 2024	$130,300	7,894	12,464	4.4 mi	65
IA-684496 Gravel · Off grid	14.3	Sep 12, 2024	$153,200	10,731	16,851	9.1 mi	63
IA-275114 Dirt · Power at road	22.4	Jan 18, 2024	$197,600	8,843	14,848	8.4 mi	57

Show adjustment detail for the top comp

Tract size (7.28 ac → 8.41 ac)-1.0%
Access (Landlocked → Paved)+73.5%
Utilities (Off grid → Power at road)+17.6%

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.

Build the listing kit Post a deal or JV