← New search
Monona County, IA · Sold

IA-104884

4506 County Road 389

$131,300
$6,940/ac · 18.92 ac
Acreage18.92 ac
Price per acre$6,940/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedJan 5, 2025
Coordinates42.1244, -96.0592
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

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands16.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

587 ft of deeded road frontage.

Power740 ft away

Power at or near the road.

Buildable area15.03 of 18.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$167,754
$146,781$188,728 · $8,867/ac on 18.92 ac
Asking vs estimate
-21.7%
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 $131,300
Maximum allowable offer
$95,860
$5,067/ac · +30.0% target margin

You need $35,440 off asking to hit this margin.

All-in cost$104,008
Net resale$154,334
Projected profit$50,326
ROI+48.4%
Annualized+69.2%
Break-even resale$5,975/ac
Profit if resale lands off target
-20%
$19,459
-10%
$34,892
0%
$50,326
+10%
$65,759
+20%
$81,193
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-465383
Dirt · Off grid
27.2Apr 18, 2026$227,3008,3708,9186.7 mi
81
IA-394368
Gravel · Off grid
13.0Oct 1, 2024$110,3008,4717,54112.3 mi
65
IA-383631
Dirt · Power at road
7.6Dec 11, 2023$67,4008,8377,68510.0 mi
62
IA-813633
Gravel · Off grid
7.6May 14, 2025$90,60011,8589,87210.0 mi
62
IA-933555
Landlocked · Off grid
7.2May 23, 2025$61,6008,52910,39410.1 mi
61
Show adjustment detail for the top comp
  • Tract size (27.16 ac → 18.92 ac)+5.1%
  • Market time (4 mo)+1.4%

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.