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Monona County, IA · Sold

IA-507656

2328 County Road 49

$863,500
$6,127/ac · 141 ac
Acreage141 ac
Price per acre$6,127/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedMay 1, 2025
Coordinates42.1088, -95.9297
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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

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

6 items to verify before you offer.

Risk index
55
Moderate risk
Wetlands15.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope12.5%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power8,398 ft away

A long utility run — price in solar/off-grid instead.

Buildable area95.16 of 140.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$674,153
$516,053$832,253 · $4,783/ac on 141 ac
Asking vs estimate
+28.1%
Priced above 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 $863,500
Maximum allowable offer
$385,230
$2,733/ac · +30.0% target margin

You need $478,270 off asking to hit this margin.

All-in cost$417,975
Net resale$620,221
Projected profit$202,246
ROI+48.4%
Annualized+69.2%
Break-even resale$3,224/ac
Profit if resale lands off target
-20%
$78,202
-10%
$140,224
0%
$202,246
+10%
$264,268
+20%
$326,290
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-977601
Gravel · Power at road
135.4Apr 5, 2026$991,0007,3174,2497.2 mi
81
IA-465383
Dirt · Off grid
27.2Apr 18, 2026$227,3008,3704,7257.7 mi
63
IA-939444
Dirt · Full utilities
514.7Jul 30, 2025$4,345,9008,4437,0366.4 mi
60
IA-104884
Dirt · Off grid
18.9Dec 22, 2025$138,5007,3213,9856.7 mi
59
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4713,9968.3 mi
51
Show adjustment detail for the top comp
  • Tract size (135.44 ac → 140.94 ac)-1.0%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.