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Guthrie County, IA · Sold

IA-389084

1350 County Road 293

$2,346,900
$5,918/ac · 397 ac
Acreage397 ac
Price per acre$5,918/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyRolling
ListedMar 22, 2024
Coordinates41.6100, -94.4609
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

Guthrie County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Guthrie market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope10.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,177 ft of deeded road frontage.

Power222 ft away

Power at or near the road.

Buildable area355.64 of 396.56 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,358,612
$2,838,680$3,878,545 · $8,469/ac on 397 ac
Asking vs estimate
-30.1%
Priced below the comp set

Weighted from 8 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 $2,346,900
Maximum allowable offer
$1,919,207
$4,840/ac · +30.0% target margin

You need $427,693 off asking to hit this margin.

All-in cost$2,082,340
Net resale$3,089,923
Projected profit$1,007,584
ROI+48.4%
Annualized+69.2%
Break-even resale$5,708/ac
Profit if resale lands off target
-20%
$389,599
-10%
$698,591
0%
$1,007,584
+10%
$1,316,576
+20%
$1,625,568
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-909602
Paved · Off grid
577.1Jul 27, 2026$3,936,4006,8219,0042.5 mi
84
IA-139641
Paved · Full utilities
593.7Jun 12, 2026$5,920,8009,9739,3004.6 mi
80
IA-349270
Paved · Full utilities
453.8Apr 9, 2025$4,783,00010,5419,5065.4 mi
76
IA-457928
Landlocked · Power at road
171.6Apr 1, 2026$1,043,0006,0778,4273.6 mi
73
IA-798769
Paved · Full utilities
315.6Jul 10, 2024$2,457,7007,7866,4937.8 mi
70
IA-478668
Paved · Off grid
293.4Mar 20, 2024$1,805,2006,1537,2956.1 mi
69
IA-169824
Gravel · Off grid
677.8May 21, 2024$4,008,0005,91310,5604.2 mi
65
IA-197428
Dirt · Off grid
119.5Mar 29, 2025$660,6005,5296,75110.8 mi
61
Show adjustment detail for the top comp
  • Tract size (577.13 ac → 396.56 ac)+12.0%
  • Utilities (Off grid → Power at road)+17.6%

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.