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Franklin County, IA · Sold

IA-720766

8503 County Road 220

$12,400
$12,917/ac · 0.96 ac
Acreage0.96 ac
Price per acre$12,917/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJan 17, 2024
Coordinates42.7088, -93.2738
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
Wetlands9.4% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

127 ft of deeded road frontage.

Power9,896 ft away

A long utility run — price in solar/off-grid instead.

Buildable area0.83 of 0.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,885
$13,314$18,455 · $16,546/ac on 0.96 ac
Asking vs estimate
-21.9%
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 $12,400
Maximum allowable offer
$9,077
$9,455/ac · +30.0% target margin

You need $3,323 off asking to hit this margin.

All-in cost$9,849
Net resale$14,614
Projected profit$4,765
ROI+48.4%
Annualized+69.2%
Break-even resale$11,151/ac
Profit if resale lands off target
-20%
$1,842
-10%
$3,304
0%
$4,765
+10%
$6,227
+20%
$7,688
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-460795
Dirt · Off grid
1.0Feb 24, 2025$12,40012,68915,6713.9 mi
78
IA-980556
Landlocked · Off grid
0.8Mar 27, 2025$9,60011,65218,1083.4 mi
77
IA-471320
Gravel · Full utilities
1.4Apr 10, 2025$22,50015,70011,6145.4 mi
72
IA-321413
Gravel · Full utilities
1.5Nov 4, 2024$36,90024,14218,1842.4 mi
71
IA-420271
Paved · Full utilities
0.7May 2, 2024$20,90031,17420,1165.5 mi
71
IA-770219
Paved · Power at road
0.6Jul 4, 2025$13,30020,76215,6055.1 mi
70
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • 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.