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Fayette County, IA · Sold

IA-380067

7407 County Road 232

$6,700
$11,552/ac · 0.58 ac
Acreage0.58 ac
Price per acre$11,552/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedMar 23, 2024
Coordinates42.8264, -91.9319
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

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands13.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

192 ft of deeded road frontage.

Power16 ft away

Power at or near the road.

Buildable area0.48 of 0.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,099
$4,938$7,260 · $10,515/ac on 0.58 ac
Asking vs estimate
+9.9%
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 $6,700
Maximum allowable offer
$3,485
$6,009/ac · +30.0% target margin

You need $3,215 off asking to hit this margin.

All-in cost$3,781
Net resale$5,611
Projected profit$1,830
ROI+48.4%
Annualized+69.3%
Break-even resale$7,086/ac
Profit if resale lands off target
-20%
$707
-10%
$1,269
0%
$1,830
+10%
$2,391
+20%
$2,952
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-250288
Gravel · Power at road
0.7Jul 27, 2026$7,10010,4599,0248.6 mi
83
IA-530977
Dirt · Power at road
1.1Feb 16, 2026$12,60011,23711,5350.9 mi
78
IA-880276
Gravel · Power at road
0.7Nov 16, 2025$7,00010,4819,30510.2 mi
76
IA-420258
Dirt · Power at road
0.7Apr 12, 2024$4,8007,3488,0786.3 mi
74
IA-180627
Dirt · Power at road
0.9Dec 24, 2023$11,10012,73614,19410.0 mi
72
IA-730778
Gravel · Full utilities
1.0Jan 5, 2026$16,40016,95412,30710.2 mi
69
IA-920709
Gravel · Full utilities
0.9Sep 14, 2025$11,90012,8859,46711.5 mi
67
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%

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.