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Monona County, IA · Sold

IA-465383

5209 County Road 218

$240,300
$8,848/ac · 27.16 ac
Acreage27.16 ac
Price per acre$8,848/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedJun 9, 2025
Coordinates42.0288, -96.0339
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
20
Low risk
Wetlands12.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

846 ft of deeded road frontage.

Power5,906 ft away

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

Buildable area22.63 of 27.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$228,487
$190,067$266,907 · $8,413/ac on 27.16 ac
Asking vs estimate
+5.2%
Priced above the comp set

Weighted from 7 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 $240,300
Maximum allowable offer
$130,564
$4,807/ac · +30.0% target margin

You need $109,736 off asking to hit this margin.

All-in cost$141,662
Net resale$210,208
Projected profit$68,546
ROI+48.4%
Annualized+69.2%
Break-even resale$5,669/ac
Profit if resale lands off target
-20%
$26,504
-10%
$47,525
0%
$68,546
+10%
$89,567
+20%
$110,587
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-104884
Dirt · Off grid
18.9Dec 22, 2025$138,5007,3217,1556.7 mi
78
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4717,1757.3 mi
63
IA-977601
Gravel · Power at road
135.4Apr 5, 2026$991,0007,3177,6296.6 mi
62
IA-813633
Gravel · Off grid
7.6May 14, 2025$90,60011,8589,3926.4 mi
61
IA-933555
Landlocked · Off grid
7.2May 23, 2025$61,6008,5299,8899.2 mi
59
IA-383631
Dirt · Power at road
7.6Dec 11, 2023$67,4008,8377,3113.3 mi
58
IA-507656
Landlocked · Off grid
140.9May 28, 2025$816,0005,79010,9287.7 mi
57
Show adjustment detail for the top comp
  • Tract size (18.92 ac → 27.16 ac)-4.9%
  • Market time (8 mo)+2.7%

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.