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Franklin County, IA · Sold

IA-688021

4630 County Road 301

$3,096,800
$16,867/ac · 184 ac
Acreage184 ac
Price per acre$16,867/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographyMixed
ListedJun 2, 2024
Coordinates42.7491, -93.3008
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

No material red flags on the mapped layers.

Risk index
11
Low risk
Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,471 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area160.12 of 183.60 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,634,783
$2,115,498$3,154,068 · $14,351/ac on 184 ac
Asking vs estimate
+17.5%
Priced above the comp set

Weighted from 9 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 $3,096,800
Maximum allowable offer
$1,505,590
$8,200/ac · +30.0% target margin

You need $1,591,210 off asking to hit this margin.

All-in cost$1,633,565
Net resale$2,424,001
Projected profit$790,435
ROI+48.4%
Annualized+69.2%
Break-even resale$9,671/ac
Profit if resale lands off target
-20%
$305,635
-10%
$548,035
0%
$790,435
+10%
$1,032,835
+20%
$1,275,236
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-977515
Landlocked · Full utilities
127.3Jul 27, 2026$1,331,10010,46016,4946.9 mi
81
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,96911,7604.5 mi
79
IA-466657
Gravel · Off grid
68.3Jul 27, 2026$953,00013,94318,4662.6 mi
73
IA-217204
Paved · Full utilities
101.6Mar 23, 2025$1,593,10015,68214,2206.2 mi
70
IA-359402
Paved · Full utilities
499.3Aug 16, 2024$3,889,9007,79111,2913.2 mi
69
IA-649257
Dirt · Power at road
449.5Sep 28, 2025$3,667,5008,15918,3471.1 mi
68
IA-397523
Gravel · Off grid
128.0Sep 20, 2024$911,2007,11911,8236.2 mi
67
IA-119639
Gravel · Off grid
592.8Mar 19, 2026$2,693,0004,54311,0224.7 mi
66
IA-899443
Dirt · Off grid
514.3Feb 10, 2026$2,928,4005,69315,4507.4 mi
66
Show adjustment detail for the top comp
  • Tract size (127.26 ac → 183.6 ac)-9.3%
  • Access (Landlocked → Paved)+73.5%

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.