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Monona County, IA · Sold

IA-939444

9836 County Road 242

$4,560,200
$8,860/ac · 515 ac
Acreage515 ac
Price per acre$8,860/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedMay 17, 2025
Coordinates42.1060, -96.0535
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

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

View Monona market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands15.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,711 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area414.16 of 514.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,312,878
$2,720,925$3,904,831 · $6,436/ac on 515 ac
Asking vs estimate
+37.7%
Priced above the comp set

Weighted from 2 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 $4,560,200
Maximum allowable offer
$1,893,073
$3,678/ac · +30.0% target margin

You need $2,667,127 off asking to hit this margin.

All-in cost$2,053,984
Net resale$3,047,848
Projected profit$993,864
ROI+48.4%
Annualized+69.2%
Break-even resale$4,338/ac
Profit if resale lands off target
-20%
$384,294
-10%
$689,079
0%
$993,864
+10%
$1,298,648
+20%
$1,603,433
Comparable sales2 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-977601
Gravel · Power at road
135.4Apr 5, 2026$991,0007,3175,32310.1 mi
62
IA-507656
Landlocked · Off grid
140.9May 28, 2025$816,0005,7907,6246.4 mi
59
Show adjustment detail for the top comp
  • Tract size (135.44 ac → 514.71 ac)-31.7%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (4 mo)+1.5%

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.