IA-587778
5662 County Road 229
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Johnson County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.
View Johnson market data →Step 1 · Is this a deal?
2 items to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
No legal access of record — resale is severely limited.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $160,083 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| IA-357660 Dirt · Power at road | 141.3 | Jan 29, 2026 | $1,474,700 | 10,433 | 7,011 | 9.6 mi | 78 |
| IA-238291 Dirt · Full utilities | 223.3 | Apr 23, 2025 | $2,269,000 | 10,163 | 6,544 | 1.5 mi | 77 |
| IA-217709 Gravel · Power at road | 146.5 | Mar 27, 2025 | $1,413,700 | 9,653 | 5,826 | 4.7 mi | 76 |
| IA-197711 Paved · Power at road | 146.7 | Dec 28, 2024 | $1,991,200 | 13,576 | 7,014 | 5.2 mi | 74 |
| IA-497407 Gravel · Off grid | 117.7 | Apr 13, 2025 | $1,224,400 | 10,405 | 6,966 | 5.8 mi | 73 |
| IA-209259 Dirt · Off grid | 450.2 | Jul 27, 2026 | $2,410,600 | 5,355 | 5,768 | 7.6 mi | 71 |
| IA-829328 Landlocked · Power at road | 473.2 | Feb 15, 2026 | $1,994,500 | 4,215 | 5,047 | 8.8 mi | 67 |
| IA-989077 Dirt · Full utilities | 394.6 | Feb 9, 2026 | $3,590,900 | 9,101 | 6,693 | 9.6 mi | 65 |
| IA-358480 Dirt · Power at road | 256.0 | Jun 12, 2024 | $1,535,300 | 5,997 | 5,066 | 9.2 mi | 62 |
| IA-659228 Landlocked · Power at road | 440.2 | Mar 4, 2025 | $2,249,600 | 5,111 | 6,223 | 7.6 mi | 62 |
Show adjustment detail for the top comp
- Tract size (141.35 ac → 153.96 ac)-2.2%
- Access (Dirt → Landlocked)-20.9%
- Utilities (Power at road → Off grid)-15.0%
- 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.