Iowa County, IA · Sold

IA-855763

2396 County Road 323

$355,900

$9,950/ac · 35.77 ac

Offer report Market this tract

Acreage35.77 ac

Price per acre$9,950/ac

ZoningAgricultural

Road accessGravel

UtilitiesOff grid

TopographyWooded

ListedMay 30, 2025

Coordinates41.6934, -91.9529

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County GIS boundary

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County market

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

View Iowa market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands1.1% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power6,214 ft away

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

Buildable area33.61 of 35.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$435,128

$348,743 – $521,513 · $12,165/ac on 35.77 ac

Asking vs estimate

-18.2%

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 $355,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$248,645

$6,951/ac · +30.0% target margin

You need $107,255 off asking to hit this margin.

All-in cost$269,780

Net resale$400,318

Projected profit$130,538

ROI+48.4%

Annualized+69.2%

Break-even resale$8,198/ac

Profit if resale lands off target

-20%

$50,475

-10%

$90,506

$130,538

+10%

$170,570

+20%

$210,602

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-605759 Dirt · Full utilities	35.7	Apr 29, 2025	$391,900	10,989	9,383	5.2 mi	82
IA-855205 Gravel · Power at road	23.9	Jul 27, 2026	$419,400	17,571	14,042	6.8 mi	80
IA-236147 Paved · Off grid	47.2	May 20, 2024	$414,300	8,771	8,562	0.9 mi	73
IA-195204 Gravel · Power at road	23.9	Dec 22, 2025	$303,100	12,703	10,404	10.5 mi	73
IA-324567 Gravel · Off grid	15.0	Mar 31, 2026	$259,200	17,233	15,508	7.0 mi	73
IA-616506 Paved · Power at road	61.3	Jan 29, 2025	$937,200	15,296	13,030	8.8 mi	64
IA-455056 Paved · Power at road	21.4	Apr 12, 2024	$420,000	19,598	14,333	9.0 mi	62
IA-674058 Landlocked · Power at road	10.4	Oct 16, 2024	$115,900	11,143	12,834	12.0 mi	53

Show adjustment detail for the top comp

Access (Dirt → Gravel)+16.3%
Utilities (Full utilities → Off grid)-30.3%
Market time (16 mo)+5.4%

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.

Build the listing kit Post a deal or JV