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Franklin County, IA · Sold

IA-460795

4551 County Road 68

$11,600
$11,837/ac · 0.98 ac
Acreage0.98 ac
Price per acre$11,837/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedDec 24, 2023
Coordinates42.6595, -93.3130
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

1 item to verify before you offer.

Risk index
3
Low risk
Wetlands0.8% of tract

Little to no mapped wetland coverage.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

78 ft of deeded road frontage.

Power2,252 ft away

Service extension needed; get a utility quote.

Buildable area0.92 of 0.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$13,433
$10,878$15,988 · $13,707/ac on 0.98 ac
Asking vs estimate
-13.6%
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 $11,600
Maximum allowable offer
$7,676
$7,833/ac · +30.0% target margin

You need $3,924 off asking to hit this margin.

All-in cost$8,328
Net resale$12,359
Projected profit$4,030
ROI+48.4%
Annualized+69.3%
Break-even resale$9,237/ac
Profit if resale lands off target
-20%
$1,558
-10%
$2,794
0%
$4,030
+10%
$5,266
+20%
$6,502
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-720766
Gravel · Off grid
1.0Feb 21, 2025$11,50011,96110,9243.9 mi
78
IA-980556
Landlocked · Off grid
0.8Mar 27, 2025$9,60011,65215,5707.3 mi
73
IA-770219
Paved · Power at road
0.6Jul 4, 2025$13,30020,76213,4171.4 mi
73
IA-471320
Gravel · Full utilities
1.4Apr 10, 2025$22,50015,7009,9867.6 mi
68
IA-321413
Gravel · Full utilities
1.5Nov 4, 2024$36,90024,14215,6355.9 mi
66
IA-420271
Paved · Full utilities
0.7May 2, 2024$20,90031,17417,2969.4 mi
64
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Market time (18 mo)+6.2%

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.