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Fayette County, IA · Sold

IA-157999

2398 County Road 50

$1,214,600
$6,722/ac · 181 ac
Acreage181 ac
Price per acre$6,722/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedOct 27, 2024
Coordinates42.8512, -91.9121
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
13
Low risk
Wetlands13.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,303 ft of deeded road frontage.

Power62 ft away

Power at or near the road.

Buildable area148.49 of 180.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,206,369
$937,963$1,474,776 · $6,676/ac on 181 ac
Asking vs estimate
+0.7%
In line with 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 $1,214,600
Maximum allowable offer
$689,354
$3,815/ac · +30.0% target margin

You need $525,246 off asking to hit this margin.

All-in cost$747,949
Net resale$1,109,860
Projected profit$361,911
ROI+48.4%
Annualized+69.2%
Break-even resale$4,499/ac
Profit if resale lands off target
-20%
$139,939
-10%
$250,925
0%
$361,911
+10%
$472,897
+20%
$583,883
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-618081
Dirt · Off grid
191.8Jul 27, 2026$712,5003,7165,1782.0 mi
91
IA-428591
Gravel · Off grid
277.5Jul 27, 2026$1,218,3004,3915,8434.6 mi
81
IA-409760
Gravel · Power at road
647.1Jan 9, 2025$3,050,1004,7137,3084.3 mi
67
IA-606271
Paved · Power at road
51.7May 26, 2025$708,50013,7099,0202.2 mi
64
IA-168718
Landlocked · Off grid
304.2Feb 2, 2024$716,0002,3545,2237.5 mi
62
IA-209940
Gravel · Power at road
737.3Mar 3, 2024$2,756,3003,7396,2365.2 mi
59
IA-106068
Dirt · Full utilities
44.6May 10, 2025$550,50012,3418,8865.3 mi
58
Show adjustment detail for the top comp
  • Tract size (191.76 ac → 180.7 ac)+1.7%
  • Access (Dirt → Gravel)+16.3%
  • 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.