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Monona County, IA · Sold

IA-813633

2451 County Road 328

$93,300
$12,212/ac · 7.64 ac
Acreage7.64 ac
Price per acre$12,212/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedJul 30, 2024
Coordinates42.0319, -95.9096
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

4 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope31.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,330 ft away

Service extension needed; get a utility quote.

Buildable area4.42 of 7.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$81,374
$70,284$92,464 · $10,651/ac on 7.64 ac
Asking vs estimate
+14.7%
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 $93,300
Maximum allowable offer
$46,499
$6,086/ac · +30.0% target margin

You need $46,801 off asking to hit this margin.

All-in cost$50,451
Net resale$74,864
Projected profit$24,413
ROI+48.4%
Annualized+69.3%
Break-even resale$7,178/ac
Profit if resale lands off target
-20%
$9,440
-10%
$16,926
0%
$24,413
+10%
$31,899
+20%
$39,385
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-933555
Landlocked · Off grid
7.2May 23, 2025$61,6008,52913,1434.0 mi
79
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4719,5362.9 mi
76
IA-383631
Dirt · Power at road
7.6Dec 11, 2023$67,4008,8379,7177.2 mi
71
IA-104884
Dirt · Off grid
18.9Dec 22, 2025$138,5007,3219,51010.0 mi
66
IA-932728
Landlocked · Off grid
4.0Apr 4, 2024$28,2007,11011,1247.8 mi
62
Show adjustment detail for the top comp
  • Access (Landlocked → Gravel)+47.1%
  • Market time (15 mo)+5.2%

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.