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Johnson County, IA · Sold

IA-197711

4535 County Road 257

$2,001,200
$13,644/ac · 147 ac
Acreage147 ac
Price per acre$13,644/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedJan 15, 2024
Coordinates41.6795, -91.5835
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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

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

View Johnson market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands14.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,541 ft of deeded road frontage.

Power246 ft away

Power at or near the road.

Buildable area118.85 of 146.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,799,341
$1,524,011$2,074,671 · $12,268/ac on 147 ac
Asking vs estimate
+11.2%
Priced above the comp set

Weighted from 10 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 $2,001,200
Maximum allowable offer
$1,028,195
$7,010/ac · +30.0% target margin

You need $973,005 off asking to hit this margin.

All-in cost$1,115,592
Net resale$1,655,394
Projected profit$539,802
ROI+48.4%
Annualized+69.2%
Break-even resale$8,268/ac
Profit if resale lands off target
-20%
$208,724
-10%
$374,263
0%
$539,802
+10%
$705,342
+20%
$870,881
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,43314,4995.4 mi
83
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0668,6495.2 mi
79
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,65312,0493.5 mi
79
IA-497407
Gravel · Off grid
117.7Apr 13, 2025$1,224,40010,40514,4071.9 mi
75
IA-209259
Dirt · Off grid
450.2Jul 27, 2026$2,410,6005,35511,9302.8 mi
72
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,99710,4775.3 mi
70
IA-238291
Dirt · Full utilities
223.3Apr 23, 2025$2,269,00010,16313,5344.0 mi
70
IA-989077
Dirt · Full utilities
394.6Feb 9, 2026$3,590,9009,10113,8434.7 mi
67
IA-829328
Landlocked · Power at road
473.2Feb 15, 2026$1,994,5004,21510,4375.3 mi
67
IA-659228
Landlocked · Power at road
440.2Mar 4, 2025$2,249,6005,11112,8702.8 mi
64
Show adjustment detail for the top comp
  • Tract size (141.35 ac → 146.67 ac)-1.0%
  • Access (Dirt → Paved)+37.2%
  • Market time (7 mo)+2.3%

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.