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Monona County, IA · Sold

IA-383631

1391 County Road 396

$62,900
$8,244/ac · 7.63 ac
Acreage7.63 ac
Price per acre$8,244/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedAug 17, 2023
Coordinates41.9810, -96.0313
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
8
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

427 ft of deeded road frontage.

Power198 ft away

Power at or near the road.

Buildable area6.57 of 7.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$86,638
$74,993$98,283 · $11,355/ac on 7.63 ac
Asking vs estimate
-27.4%
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 $62,900
Maximum allowable offer
$49,507
$6,489/ac · +30.0% target margin

You need $13,393 off asking to hit this margin.

All-in cost$53,715
Net resale$79,707
Projected profit$25,992
ROI+48.4%
Annualized+69.3%
Break-even resale$7,652/ac
Profit if resale lands off target
-20%
$10,050
-10%
$18,021
0%
$25,992
+10%
$33,962
+20%
$41,933
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-813633
Gravel · Off grid
7.6May 14, 2025$90,60011,85812,6317.2 mi
76
IA-933555
Landlocked · Off grid
7.2May 23, 2025$61,6008,52913,29910.8 mi
73
IA-104884
Dirt · Off grid
18.9Dec 22, 2025$138,5007,3219,62310.0 mi
71
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4719,6496.7 mi
65
IA-932728
Landlocked · Off grid
4.0Apr 4, 2024$28,2007,11011,2569.9 mi
60
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (15 mo)+5.3%

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.