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Winneshiek County, IA · Sold

IA-378528

2721 County Road 21

$1,216,300
$4,588/ac · 265 ac
Acreage265 ac
Price per acre$4,588/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMar 26, 2025
Coordinates43.3124, -91.8151
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

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

View Winneshiek market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,189 ft of deeded road frontage.

Power222 ft away

Power at or near the road.

Buildable area235.46 of 265.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,756,208
$1,398,560$2,113,857 · $6,625/ac on 265 ac
Asking vs estimate
-30.7%
Priced below the comp set

Weighted from 7 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 $1,216,300
Maximum allowable offer
$1,003,548
$3,786/ac · +30.0% target margin

You need $212,752 off asking to hit this margin.

All-in cost$1,088,850
Net resale$1,615,712
Projected profit$526,862
ROI+48.4%
Annualized+69.2%
Break-even resale$4,465/ac
Profit if resale lands off target
-20%
$203,720
-10%
$365,291
0%
$526,862
+10%
$688,433
+20%
$850,005
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-119546
Dirt · Full utilities
554.2Jul 27, 2026$2,447,5004,4165,2492.7 mi
76
IA-717791
Dirt · Off grid
155.4May 16, 2026$958,9006,1707,3513.9 mi
76
IA-789962
Gravel · Off grid
749.1Sep 28, 2025$3,426,0004,5747,6133.6 mi
73
IA-799644
Gravel · Power at road
595.0Sep 16, 2025$2,325,0003,9085,1593.8 mi
72
IA-117987
Dirt · Full utilities
179.1Jul 31, 2024$1,014,6005,6645,2502.4 mi
69
IA-897067
Dirt · Power at road
92.0Apr 5, 2024$848,2009,2218,8843.1 mi
61
IA-699967
Dirt · Off grid
751.8Dec 1, 2023$2,650,1003,5257,3365.9 mi
56
Show adjustment detail for the top comp
  • Tract size (554.19 ac → 265.08 ac)+24.4%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.