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Johnson County, IA · Sold

IA-472618

5630 County Road 398

$64,600
$17,650/ac · 3.66 ac
Acreage3.66 ac
Price per acre$17,650/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedNov 3, 2023
Coordinates41.7158, -91.6143
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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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands7.4% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

304 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area3.22 of 3.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$68,199
$53,661$82,737 · $18,634/ac on 3.66 ac
Asking vs estimate
-5.3%
Priced below the comp set

Weighted from 5 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 $64,600
Maximum allowable offer
$38,971
$10,648/ac · +30.0% target margin

You need $25,629 off asking to hit this margin.

All-in cost$42,284
Net resale$62,743
Projected profit$20,460
ROI+48.4%
Annualized+69.2%
Break-even resale$12,557/ac
Profit if resale lands off target
-20%
$7,911
-10%
$14,185
0%
$20,460
+10%
$26,734
+20%
$33,008
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-772626
Gravel · Off grid
3.7Dec 12, 2024$32,8008,88813,6582.0 mi
80
IA-303276
Gravel · Full utilities
5.9Dec 10, 2025$102,60017,39418,2644.9 mi
77
IA-983704
Paved · Full utilities
8.1Jul 27, 2026$165,50020,56218,16310.2 mi
73
IA-791896
Gravel · Full utilities
2.2Sep 6, 2024$37,10017,09918,2275.5 mi
69
IA-663247
Landlocked · Off grid
5.8Apr 25, 2024$64,20011,11326,2407.2 mi
64
Show adjustment detail for the top comp
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (20 mo)+7.0%

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.