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Franklin County, IA · Sold

IA-649257

9422 County Road 390

$3,792,700
$8,438/ac · 450 ac
Acreage450 ac
Price per acre$8,438/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedJun 16, 2025
Coordinates42.7645, -93.3084
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
15
Low risk
Wetlands8.0% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power237 ft away

Power at or near the road.

Buildable area392.86 of 449.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,752,273
$2,248,433$3,256,113 · $6,123/ac on 450 ac
Asking vs estimate
+37.8%
Priced above the comp set

Weighted from 5 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 $3,792,700
Maximum allowable offer
$1,572,727
$3,499/ac · +30.0% target margin

You need $2,219,973 off asking to hit this margin.

All-in cost$1,706,409
Net resale$2,532,091
Projected profit$825,682
ROI+48.4%
Annualized+69.2%
Break-even resale$4,126/ac
Profit if resale lands off target
-20%
$319,264
-10%
$572,473
0%
$825,682
+10%
$1,078,891
+20%
$1,332,100
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-899443
Dirt · Off grid
514.3Feb 10, 2026$2,928,4005,6937,1257.1 mi
81
IA-119639
Gravel · Off grid
592.8Mar 19, 2026$2,693,0004,5435,0835.8 mi
78
IA-359402
Paved · Full utilities
499.3Aug 16, 2024$3,889,9007,7915,2073.8 mi
73
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,9695,4233.5 mi
66
IA-688021
Paved · Full utilities
183.6Feb 4, 2025$2,942,00016,0247,8641.1 mi
65
Show adjustment detail for the top comp
  • Tract size (514.34 ac → 449.5 ac)+4.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (6 mo)+2.1%

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.