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Sioux County, IA · Sold

IA-728759

5987 County Road 61

$1,419,000
$4,528/ac · 313 ac
Acreage313 ac
Price per acre$4,528/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedJan 5, 2025
Coordinates43.0017, -96.2218
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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

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

View Sioux market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
9
Low risk
Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope4.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area297.70 of 313.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,439,104
$1,235,770$1,642,438 · $4,592/ac on 313 ac
Asking vs estimate
-1.4%
In line with 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 $1,419,000
Maximum allowable offer
$822,345
$2,624/ac · +30.0% target margin

You need $596,655 off asking to hit this margin.

All-in cost$892,244
Net resale$1,323,976
Projected profit$431,731
ROI+48.4%
Annualized+69.2%
Break-even resale$3,095/ac
Profit if resale lands off target
-20%
$166,936
-10%
$299,334
0%
$431,731
+10%
$564,129
+20%
$696,526
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-938692
Paved · Power at road
298.5Jul 27, 2026$1,755,5005,8815,1676.7 mi
84
IA-517448
Dirt · Off grid
121.2Jul 27, 2026$459,3003,7894,19210.2 mi
71
IA-206778
Dirt · Power at road
74.6Jul 27, 2026$417,8005,6004,6816.8 mi
69
IA-646878
Gravel · Off grid
80.2Aug 10, 2025$472,4005,8895,26913.1 mi
55
IA-296492
Gravel · Off grid
60.6Sep 8, 2024$237,1003,9093,4076.5 mi
53
Show adjustment detail for the top comp
  • Tract size (298.52 ac → 313.37 ac)-1.4%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Full utilities)+22.0%

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.