Wright County, IA · Sold

IA-237303

246 County Road 290

$1,649,600

$15,115/ac · 109 ac

Offer report Market this tract

Acreage109 ac

Price per acre$15,115/ac

ZoningRecreational

Road accessGravel

UtilitiesFull utilities

TopographyRolling

ListedAug 24, 2024

Coordinates42.7367, -93.6923

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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

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

View Wright market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands10.0% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,129 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area93.31 of 109.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,542,278

$1,337,100 – $1,747,456 · $14,131/ac on 109 ac

Asking vs estimate

+7.0%

Priced above 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 $1,649,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$881,302

$8,075/ac · +30.0% target margin

You need $768,298 off asking to hit this margin.

All-in cost$956,213

Net resale$1,418,895

Projected profit$462,683

ROI+48.4%

Annualized+69.2%

Break-even resale$9,523/ac

Profit if resale lands off target

-20%

$178,904

-10%

$320,793

$462,683

+10%

$604,572

+20%

$746,462

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-427378 Landlocked · Power at road	115.2	Jul 27, 2026	$986,100	8,558	15,600	3.5 mi	86
IA-946891 Paved · Off grid	81.0	Nov 29, 2025	$1,153,900	14,249	16,603	5.4 mi	79
IA-216879 Landlocked · Full utilities	80.3	Dec 30, 2025	$806,000	10,040	14,066	5.2 mi	78
IA-948603 Landlocked · Full utilities	279.9	Mar 27, 2026	$1,873,000	6,692	12,922	5.8 mi	75
IA-396261 Dirt · Full utilities	51.3	May 6, 2026	$580,500	11,316	11,209	4.6 mi	74
IA-356654 Paved · Power at road	68.2	Feb 16, 2026	$950,900	13,942	13,161	4.0 mi	74
IA-918049 Dirt · Off grid	187.4	Dec 28, 2025	$1,545,000	8,246	16,295	2.6 mi	73
IA-616000 Dirt · Off grid	42.5	Feb 8, 2026	$465,500	10,961	15,169	7.7 mi	66
IA-776220 Paved · Off grid	49.8	Nov 20, 2023	$498,500	10,010	11,364	6.5 mi	59

Show adjustment detail for the top comp

Tract size (115.23 ac → 109.14 ac)+1.4%
Access (Landlocked → Gravel)+47.1%
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.

Build the listing kit Post a deal or JV