Poweshiek County, IA · Sold

IA-775876

2922 County Road 391

$327,700

$8,442/ac · 38.82 ac

Offer report Market this tract

Acreage38.82 ac

Price per acre$8,442/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographyMixed

ListedMar 5, 2025

Coordinates41.7700, -92.4354

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County GIS boundary

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County market

Poweshiek County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Poweshiek market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands0.5% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

838 ft of deeded road frontage.

Power8,398 ft away

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

Buildable area36.69 of 38.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$463,894

$364,387 – $563,402 · $11,950/ac on 38.82 ac

Asking vs estimate

-29.4%

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 $327,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$265,083

$6,829/ac · +30.0% target margin

You need $62,617 off asking to hit this margin.

All-in cost$287,615

Net resale$426,783

Projected profit$139,168

ROI+48.4%

Annualized+69.2%

Break-even resale$8,053/ac

Profit if resale lands off target

-20%

$53,811

-10%

$96,490

$139,168

+10%

$181,846

+20%

$224,524

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-276233 Dirt · Off grid	50.3	Jul 27, 2026	$608,400	12,102	14,815	4.1 mi	84
IA-485561 Dirt · Power at road	30.9	Apr 12, 2026	$354,500	11,474	11,062	8.2 mi	77
IA-835214 Landlocked · Off grid	24.0	Jul 27, 2026	$124,700	5,189	7,078	13.2 mi	75
IA-815502 Gravel · Power at road	29.6	Jul 4, 2024	$493,800	16,683	14,747	1.2 mi	74
IA-956732 Gravel · Off grid	72.2	Dec 16, 2024	$836,200	11,587	14,068	9.9 mi	71
IA-904821 Dirt · Full utilities	18.1	Jul 27, 2026	$279,900	15,480	11,205	10.1 mi	71
IA-226911 Gravel · Power at road	82.2	Jun 14, 2025	$989,000	12,038	12,551	6.1 mi	67
IA-795094 Gravel · Full utilities	22.0	Dec 10, 2024	$310,900	14,112	9,625	7.7 mi	66

Show adjustment detail for the top comp

Tract size (50.27 ac → 38.82 ac)+5.0%
Access (Dirt → Gravel)+16.3%

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.

Build the listing kit Post a deal or JV