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Franklin County, IA · Sold

IA-466657

1556 County Road 167

$957,800
$14,013/ac · 68.35 ac
Acreage68.35 ac
Price per acre$14,013/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedSep 13, 2025
Coordinates42.7819, -93.2749
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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

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
10
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,179 ft of deeded road frontage.

Power3,806 ft away

Service extension needed; get a utility quote.

Buildable area59.28 of 68.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$705,511
$578,807$832,216 · $10,322/ac on 68.35 ac
Asking vs estimate
+35.8%
Priced above 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 $957,800
Maximum allowable offer
$403,149
$5,898/ac · +30.0% target margin

You need $554,651 off asking to hit this margin.

All-in cost$437,417
Net resale$649,071
Projected profit$211,654
ROI+48.4%
Annualized+69.3%
Break-even resale$6,956/ac
Profit if resale lands off target
-20%
$81,840
-10%
$146,747
0%
$211,654
+10%
$276,561
+20%
$341,468
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-977515
Landlocked · Full utilities
127.3Jul 27, 2026$1,331,10010,46012,4817.6 mi
74
IA-397523
Gravel · Off grid
128.0Sep 20, 2024$911,2007,1198,9478.0 mi
72
IA-217204
Paved · Full utilities
101.6Mar 23, 2025$1,593,10015,68210,7607.2 mi
68
IA-735951
Landlocked · Power at road
41.0Jun 14, 2025$277,1006,7637,9916.8 mi
67
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,9698,8994.5 mi
67
IA-688021
Paved · Full utilities
183.6Feb 4, 2025$2,942,00016,02412,9042.6 mi
62
Show adjustment detail for the top comp
  • Tract size (127.26 ac → 68.35 ac)+16.2%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Off grid)-30.3%

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.