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Linn County, IA · Sold

IA-409596

1148 County Road 245

$1,605,200
$2,793/ac · 575 ac
Acreage575 ac
Price per acre$2,793/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedJun 13, 2024
Coordinates42.0856, -91.5101
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

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

View Linn market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.9% of tract

Little to no mapped wetland coverage.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,372 ft of deeded road frontage.

Power193 ft away

Power at or near the road.

Buildable area497.31 of 574.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,443,859
$1,862,614$3,025,103 · $4,253/ac on 575 ac
Asking vs estimate
-34.3%
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 $1,605,200
Maximum allowable offer
$1,396,491
$2,430/ac · +30.0% target margin

You need $208,709 off asking to hit this margin.

All-in cost$1,515,193
Net resale$2,248,350
Projected profit$733,157
ROI+48.4%
Annualized+69.2%
Break-even resale$2,866/ac
Profit if resale lands off target
-20%
$283,487
-10%
$508,322
0%
$733,157
+10%
$957,992
+20%
$1,182,827
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-998917
Paved · Power at road
351.4Jul 27, 2026$3,140,7008,9395,6342.7 mi
81
IA-308076
Dirt · Power at road
191.1Jul 27, 2026$822,7004,3063,1272.9 mi
81
IA-779280
Dirt · Power at road
457.1Dec 18, 2025$1,902,9004,1633,9939.4 mi
78
IA-618722
Gravel · Off grid
305.1Jul 27, 2026$1,253,9004,1103,4507.1 mi
75
IA-177325
Landlocked · Power at road
110.9Nov 13, 2023$672,2006,0625,3676.7 mi
52
Show adjustment detail for the top comp
  • Tract size (351.37 ac → 574.63 ac)-13.7%
  • Access (Paved → Dirt)-27.1%

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.