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Shelby County, IA · Sold

IA-704180

2891 County Road 381

$125,200
$11,021/ac · 11.36 ac
Acreage11.36 ac
Price per acre$11,021/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedAug 27, 2024
Coordinates41.6936, -95.3961
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

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

View Shelby market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope24.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power96 ft away

Power at or near the road.

Buildable area6.45 of 11.36 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$156,545
$124,775$188,314 · $13,780/ac on 11.36 ac
Asking vs estimate
-20.0%
Priced below the comp set

Weighted from 9 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 $125,200
Maximum allowable offer
$89,454
$7,874/ac · +30.0% target margin

You need $35,746 off asking to hit this margin.

All-in cost$97,058
Net resale$144,021
Projected profit$46,964
ROI+48.4%
Annualized+69.3%
Break-even resale$9,287/ac
Profit if resale lands off target
-20%
$18,159
-10%
$32,561
0%
$46,964
+10%
$61,366
+20%
$75,768
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-144484
Paved · Off grid
14.2Dec 15, 2025$114,2008,0678,4433.8 mi
82
IA-113981
Dirt · Off grid
9.8May 14, 2026$110,40011,21715,32410.5 mi
78
IA-735440
Dirt · Off grid
28.3Jul 27, 2026$280,4009,90915,1634.8 mi
77
IA-643568
Gravel · Off grid
7.3Aug 1, 2025$107,40014,72617,4913.4 mi
74
IA-235330
Dirt · Power at road
26.1Jul 27, 2026$291,50011,15014,3286.3 mi
74
IA-323203
Gravel · Full utilities
5.6Apr 11, 2026$90,50016,15412,8047.9 mi
72
IA-765249
Dirt · Off grid
24.6Feb 11, 2026$174,9007,09610,8399.1 mi
67
IA-875642
Dirt · Power at road
32.8Sep 20, 2025$405,80012,38617,0834.8 mi
66
IA-672470
Landlocked · Power at road
3.3Nov 3, 2024$28,9008,77512,9404.2 mi
64
Show adjustment detail for the top comp
  • Tract size (14.16 ac → 11.36 ac)+2.1%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (8 mo)+2.8%

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.