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Franklin County, IA · Sold

IA-977515

1720 County Road 135

$1,482,300
$11,648/ac · 127 ac
Acreage127 ac
Price per acre$11,648/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedMay 19, 2026
Coordinates42.6933, -93.1874
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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
27
Low risk
Wetlands4.5% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area115.46 of 127.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,133,994
$899,726$1,368,262 · $8,911/ac on 127 ac
Asking vs estimate
+30.7%
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 $1,482,300
Maximum allowable offer
$647,997
$5,092/ac · +30.0% target margin

You need $834,303 off asking to hit this margin.

All-in cost$703,077
Net resale$1,043,274
Projected profit$340,198
ROI+48.4%
Annualized+69.2%
Break-even resale$6,005/ac
Profit if resale lands off target
-20%
$131,543
-10%
$235,870
0%
$340,198
+10%
$444,525
+20%
$548,853
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-217204
Paved · Full utilities
101.6Mar 23, 2025$1,593,10015,6829,0371.2 mi
77
IA-397523
Gravel · Off grid
128.0Sep 20, 2024$911,2007,1197,5153.5 mi
75
IA-466657
Gravel · Off grid
68.3Jul 27, 2026$953,00013,94311,7367.6 mi
74
IA-688021
Paved · Full utilities
183.6Feb 4, 2025$2,942,00016,02410,8386.9 mi
70
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,9697,47411.4 mi
70
IA-735951
Landlocked · Power at road
41.0Jun 14, 2025$277,1006,7636,7110.9 mi
67
Show adjustment detail for the top comp
  • Tract size (101.59 ac → 127.26 ac)-5.5%
  • Access (Paved → Landlocked)-42.4%
  • Market time (17 mo)+5.9%

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.