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Ogle County, IL · Sold

IL-826817

7479 County Road 298

$742,100
$8,863/ac · 83.73 ac
Acreage83.73 ac
Price per acre$8,863/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedDec 26, 2024
Coordinates42.0654, -89.4251
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

Ogle County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Ogle market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
18
Low risk
Wetlands8.9% of tract

Little to no mapped wetland coverage.

Average slope6.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power82 ft away

Power at or near the road.

Buildable area72.46 of 83.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$823,411
$628,261$1,018,560 · $9,834/ac on 83.73 ac
Asking vs estimate
-9.9%
Priced below the comp set

Weighted from 8 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 $742,100
Maximum allowable offer
$470,520
$5,619/ac · +30.0% target margin

You need $271,580 off asking to hit this margin.

All-in cost$510,514
Net resale$757,538
Projected profit$247,024
ROI+48.4%
Annualized+69.3%
Break-even resale$6,627/ac
Profit if resale lands off target
-20%
$95,516
-10%
$171,270
0%
$247,024
+10%
$322,778
+20%
$398,531
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-966319
Gravel · Power at road
58.4Jul 27, 2026$422,6007,2406,69311.2 mi
80
IL-677410
Paved · Off grid
128.7Jul 27, 2026$1,310,20010,18311,3194.7 mi
78
IL-475700
Dirt · Full utilities
37.3Jul 27, 2026$283,9007,6166,1506.5 mi
72
IL-217556
Dirt · Power at road
143.0Jul 23, 2024$1,157,0008,09011,6925.3 mi
67
IL-237355
Dirt · Full utilities
123.6Dec 14, 2024$1,455,70011,77513,2238.7 mi
66
IL-765196
Paved · Power at road
25.9Mar 30, 2025$371,50014,36010,2556.9 mi
65
IL-407864
Dirt · Off grid
178.8Apr 2, 2025$1,057,1005,91410,39111.4 mi
60
IL-718169
Paved · Off grid
223.0Aug 27, 2024$1,554,5006,9729,7209.8 mi
56
Show adjustment detail for the top comp
  • Tract size (58.37 ac → 83.73 ac)-7.8%

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.