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Johnson County, IA · Sold

IA-989077

4934 County Road 244

$4,052,900
$10,272/ac · 395 ac
Acreage395 ac
Price per acre$10,272/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedNov 3, 2025
Coordinates41.6216, -91.6296
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

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,540 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area342.21 of 394.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,257,120
$2,767,716$3,746,524 · $8,255/ac on 395 ac
Asking vs estimate
+24.4%
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 $4,052,900
Maximum allowable offer
$1,861,211
$4,717/ac · +30.0% target margin

You need $2,191,689 off asking to hit this margin.

All-in cost$2,019,414
Net resale$2,996,550
Projected profit$977,136
ROI+48.4%
Annualized+69.2%
Break-even resale$5,563/ac
Profit if resale lands off target
-20%
$377,826
-10%
$677,481
0%
$977,136
+10%
$1,276,791
+20%
$1,576,446
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-209259
Dirt · Off grid
450.2Jul 27, 2026$2,410,6005,3558,0124.6 mi
91
IA-829328
Landlocked · Power at road
473.2Feb 15, 2026$1,994,5004,2157,0107.6 mi
81
IA-659228
Landlocked · Power at road
440.2Mar 4, 2025$2,249,6005,1118,6444.6 mi
79
IA-238291
Dirt · Full utilities
223.3Apr 23, 2025$2,269,00010,1639,0908.1 mi
70
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,4339,7386.5 mi
68
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,9977,0377.0 mi
67
IA-497407
Gravel · Off grid
117.7Apr 13, 2025$1,224,40010,4059,6765.7 mi
64
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0665,8099.6 mi
63
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6538,0935.8 mi
62
IA-197711
Paved · Power at road
146.7Dec 28, 2024$1,991,20013,5769,7434.7 mi
61
Show adjustment detail for the top comp
  • Tract size (450.16 ac → 394.55 ac)+4.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.