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Johnson County, IA · Sold

IA-303276

1478 County Road 399

$104,400
$17,695/ac · 5.90 ac
Acreage5.90 ac
Price per acre$17,695/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedJun 18, 2025
Coordinates41.6491, -91.6475
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

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

2 items to verify before you offer.

Risk index
18
Low risk
Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope21.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

607 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area3.54 of 5.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$118,097
$90,553$145,642 · $20,017/ac on 5.90 ac
Asking vs estimate
-11.6%
Priced below the comp set

Weighted from 7 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 $104,400
Maximum allowable offer
$67,484
$11,438/ac · +30.0% target margin

You need $36,916 off asking to hit this margin.

All-in cost$73,220
Net resale$108,650
Projected profit$35,429
ROI+48.4%
Annualized+69.3%
Break-even resale$13,489/ac
Profit if resale lands off target
-20%
$13,700
-10%
$24,565
0%
$35,429
+10%
$46,294
+20%
$57,159
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-983704
Paved · Full utilities
8.1Jul 27, 2026$165,50020,56217,7929.0 mi
84
IA-772626
Gravel · Off grid
3.7Dec 12, 2024$32,8008,88813,3794.0 mi
75
IA-663247
Landlocked · Off grid
5.8Apr 25, 2024$64,20011,11325,7047.2 mi
71
IA-472618
Gravel · Full utilities
3.7Aug 20, 2024$57,80015,79716,7664.9 mi
70
IA-791896
Gravel · Full utilities
2.2Sep 6, 2024$37,10017,09917,8555.5 mi
64
IA-454419
Gravel · Power at road
13.5Aug 1, 2024$232,90017,24224,2878.2 mi
61
IA-764347
Dirt · Off grid
12.8Oct 22, 2024$177,80013,87026,3589.1 mi
60
Show adjustment detail for the top comp
  • Tract size (8.05 ac → 5.9 ac)+1.9%
  • Access (Paved → Gravel)-15.3%

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.