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Fayette County, IA · Sold

IA-168718

9426 County Road 46

$724,000
$2,380/ac · 304 ac
Acreage304 ac
Price per acre$2,380/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedDec 5, 2023
Coordinates42.9376, -91.8228
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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

2 items to verify before you offer.

Risk index
41
Moderate risk
Wetlands7.3% of tract

Little to no mapped wetland coverage.

Average slope7.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power13,690 ft away

A long utility run — price in solar/off-grid instead.

Buildable area267.89 of 304.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$953,005
$829,979$1,076,031 · $3,133/ac on 304 ac
Asking vs estimate
-24.0%
Priced below 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 $724,000
Maximum allowable offer
$544,574
$1,790/ac · +30.0% target margin

You need $179,426 off asking to hit this margin.

All-in cost$590,863
Net resale$876,765
Projected profit$285,902
ROI+48.4%
Annualized+69.2%
Break-even resale$2,111/ac
Profit if resale lands off target
-20%
$110,549
-10%
$198,226
0%
$285,902
+10%
$373,578
+20%
$461,255
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-428591
Gravel · Off grid
277.5Jul 27, 2026$1,218,3004,3912,9147.2 mi
85
IA-618081
Dirt · Off grid
191.8Jul 27, 2026$712,5003,7162,5829.4 mi
77
IA-157999
Gravel · Power at road
180.7Mar 3, 2025$1,226,7006,7893,5927.5 mi
65
IA-409760
Gravel · Power at road
647.1Jan 9, 2025$3,050,1004,7133,6444.4 mi
64
IA-209940
Gravel · Power at road
737.3Mar 3, 2024$2,756,3003,7393,1106.1 mi
63
Show adjustment detail for the top comp
  • Tract size (277.46 ac → 304.2 ac)-2.6%
  • Access (Gravel → Landlocked)-32.0%

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.