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Franklin County, IA · Sold

IA-794833

340 County Road 45

$237,800
$13,044/ac · 18.23 ac
Acreage18.23 ac
Price per acre$13,044/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedJun 6, 2025
Coordinates42.7592, -93.2139
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

Franklin County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Franklin market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,113 ft of deeded road frontage.

Power110 ft away

Power at or near the road.

Buildable area17.25 of 18.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$297,625
$246,919$348,330 · $16,326/ac on 18.23 ac
Asking vs estimate
-20.1%
Priced below the comp set

Weighted from 6 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 $237,800
Maximum allowable offer
$170,071
$9,329/ac · +30.0% target margin

You need $67,729 off asking to hit this margin.

All-in cost$184,527
Net resale$273,815
Projected profit$89,288
ROI+48.4%
Annualized+69.3%
Break-even resale$11,002/ac
Profit if resale lands off target
-20%
$34,525
-10%
$61,906
0%
$89,288
+10%
$116,669
+20%
$144,051
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-724888
Landlocked · Power at road
19.0Jul 11, 2025$223,00011,74818,1616.0 mi
83
IA-364024
Paved · Power at road
10.2Mar 1, 2025$194,50019,16116,2512.9 mi
70
IA-735951
Landlocked · Power at road
41.0Jun 14, 2025$277,1006,76311,8084.2 mi
67
IA-933383
Dirt · Off grid
6.4Feb 8, 2026$67,50010,57213,5016.1 mi
66
IA-543324
Landlocked · Off grid
6.1Oct 17, 2025$69,90011,44018,6706.9 mi
62
IA-823668
Landlocked · Off grid
7.8Sep 9, 2024$88,80011,32419,6017.1 mi
60
Show adjustment detail for the top comp
  • Access (Landlocked → Gravel)+47.1%
  • Market time (13 mo)+4.6%

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.