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Key Details
Sold Price $1,100,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 696567
Annual Tax Amount $2,362
Lot Size 215.500 Acres
Property Description
This 215 m/l acre farm in Decatur County, southern Iowa, is a rare find, being on the market for the first time in over 25 years. The property offers a unique blend of income-generating opportunities and recreational benefits, making it an attractive investment for both farmers and outdoor enthusiasts. There is also a barn that has been restored with new metal installed that could be finished inside for a nice cabin or lodge. Power and water at the road.
The farm generates a significant annual income, with nearly $9,000 coming from Conservation Reserve Program (CRP) payments. These payments are secure, with most of the contracts set to expire in 2032. Additionally, the farm includes 80 acres of pasture ground, which brings in another $5,600 annually. Together, these income sources provide a steady yearly income of approximately $14,600.
Beyond its financial benefits, this farm is a paradise for hunters and nature lovers. The 55 acres of timber on the property offer outstanding deer and turkey hunting opportunities. The cows are always taken off the pasture by September, ensuring that the deer hunting season is undisturbed, allowing for optimal hunting conditions. The property also features five ponds, adding to its scenic beauty and enhancing its appeal as a recreational retreat.
All information obtained from Seller and public records.
Location
State IA
County Decatur
Area Lynnville
Zoning A
Exterior
Utilities Available Electricity Available
Building
Lot Description Irregular Lot
Schools
School District Waco Csd
Others
Monthly Total Fees $196
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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