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Monona County, IA · Sold

IA-977601

8420 County Road 99

$921,000
$6,800/ac · 135 ac
Acreage135 ac
Price per acre$6,800/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedMay 17, 2025
Coordinates42.0060, -95.9099
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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,537 ft of deeded road frontage.

Power42 ft away

Power at or near the road.

Buildable area123.52 of 135.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,234,016
$953,365$1,514,668 · $9,111/ac on 135 ac
Asking vs estimate
-25.4%
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 $921,000
Maximum allowable offer
$705,152
$5,206/ac · +30.0% target margin

You need $215,848 off asking to hit this margin.

All-in cost$765,090
Net resale$1,135,295
Projected profit$370,205
ROI+48.4%
Annualized+69.2%
Break-even resale$6,140/ac
Profit if resale lands off target
-20%
$143,146
-10%
$256,676
0%
$370,205
+10%
$483,735
+20%
$597,264
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-507656
Landlocked · Off grid
140.9May 28, 2025$816,0005,79010,6407.2 mi
75
IA-465383
Dirt · Off grid
27.2Apr 18, 2026$227,3008,3708,2616.6 mi
62
IA-104884
Dirt · Off grid
18.9Dec 22, 2025$138,5007,3216,96611.2 mi
59
IA-939444
Dirt · Full utilities
514.7Jul 30, 2025$4,345,9008,44312,30010.1 mi
58
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4716,9861.2 mi
56
Show adjustment detail for the top comp
  • Tract size (140.94 ac → 135.44 ac)+1.1%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (15 mo)+5.1%

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.