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Franklin County, IA · Sold

IA-321413

359 County Road 8

$38,800
$25,359/ac · 1.53 ac
Acreage1.53 ac
Price per acre$25,359/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedSep 3, 2024
Coordinates42.7168, -93.2279
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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
9
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope11.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

232 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area1.43 of 1.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,269
$25,341$39,197 · $21,091/ac on 1.53 ac
Asking vs estimate
+20.2%
Priced above the comp set

Weighted from 7 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 $38,800
Maximum allowable offer
$18,440
$12,052/ac · +30.0% target margin

You need $20,360 off asking to hit this margin.

All-in cost$20,007
Net resale$29,688
Projected profit$9,680
ROI+48.4%
Annualized+69.2%
Break-even resale$14,214/ac
Profit if resale lands off target
-20%
$3,743
-10%
$6,712
0%
$9,680
+10%
$12,649
+20%
$15,618
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-471320
Gravel · Full utilities
1.4Apr 10, 2025$22,50015,70016,5723.5 mi
82
IA-720766
Gravel · Off grid
1.0Feb 21, 2025$11,50011,96118,1292.4 mi
72
IA-460795
Dirt · Off grid
1.0Feb 24, 2025$12,40012,68922,3615.9 mi
67
IA-980556
Landlocked · Off grid
0.8Mar 27, 2025$9,60011,65225,8393.0 mi
67
IA-213050
Dirt · Power at road
5.0Dec 22, 2025$50,80010,14015,2794.8 mi
64
IA-770219
Paved · Power at road
0.6Jul 4, 2025$13,30020,76222,2677.2 mi
63
IA-420271
Paved · Full utilities
0.7May 2, 2024$20,90031,17428,7034.2 mi
63
Show adjustment detail for the top comp
  • Market time (16 mo)+5.7%

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.