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Franklin County, IA · Sold

IA-471320

2061 County Road 245

$22,700
$15,874/ac · 1.43 ac
Acreage1.43 ac
Price per acre$15,874/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedJun 1, 2024
Coordinates42.6909, -93.1696
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

2 items to verify before you offer.

Risk index
16
Low risk
Wetlands4.8% of tract

Little to no mapped wetland coverage.

Average slope16.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

212 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area1.09 of 1.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$34,144
$29,305$38,983 · $23,877/ac on 1.43 ac
Asking vs estimate
-33.5%
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 $22,700
Maximum allowable offer
$19,511
$13,644/ac · +30.0% target margin

You need $3,189 off asking to hit this margin.

All-in cost$21,169
Net resale$31,413
Projected profit$10,243
ROI+48.4%
Annualized+69.2%
Break-even resale$16,091/ac
Profit if resale lands off target
-20%
$3,961
-10%
$7,102
0%
$10,243
+10%
$13,384
+20%
$16,526
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-321413
Gravel · Full utilities
1.5Nov 4, 2024$36,90024,14225,9733.5 mi
80
IA-720766
Gravel · Off grid
1.0Feb 21, 2025$11,50011,96118,1475.4 mi
71
IA-980556
Landlocked · Off grid
0.8Mar 27, 2025$9,60011,65225,8666.3 mi
70
IA-460795
Dirt · Off grid
1.0Feb 24, 2025$12,40012,68922,3847.6 mi
67
IA-770219
Paved · Power at road
0.6Jul 4, 2025$13,30020,76222,2909.0 mi
63
IA-420271
Paved · Full utilities
0.7May 2, 2024$20,90031,17428,7336.5 mi
62
Show adjustment detail for the top comp
  • Market time (21 mo)+7.5%

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.