Lamoni, IA 50140,001 HWY 69 Highway
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Lamoni, IA 50140,001 HWY 69 Highway
Lamoni, IA 50140,001 HWY 69 Highway
Lamoni, IA 50140,001 HWY 69 Highway
Lamoni, IA 50140,001 HWY 69 Highway

$568,000

Est. payment /mo

$601,800

5.6%
Est.Price: ?

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001 HWY 69 Highway Lamoni, IA 50140

118 Acres Lot

SOLD DATE : 11/22/2023

Key Details

Sold Price $568,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 681570

Sold Date 11/22/23

HOA Y/N No

Annual Tax Amount $2,422

Lot Size 118.000 Acres

Acres 118.0

Property Description

An exceptional opportunity in coveted Decatur County, Iowa. This picturesque property spans approximately 118 acres & offers many desirable features. Convenient location, excellent income, scenic views, & easy access to Interstate 35. This property presents an ideal investment for those seeking nice financial returns w/ the possibility of outdoor pursuits. Approximately 65 acres enrolled in the Conservation Reserve Program(CRP), generating a steady annual CRP income of roughly $8,380/yr. 42 FSA acres. 39+/- acres boasting a CSR2 rating of 56 are currently utilized for row crop production & rented at $185 per acre. This results in a total 2023 yearly income of $15,595. Significant amounts of fertilizer were applied this growing season & it shows! This will benefit the future Crop Producer for years to come. Looking ahead to the 2024 farm season, the new owner has the opportunity to enhance their return further, potentially exceeding $18,000 per year by adjusting the cash rent to match current market rates. Beyond its financial benefits, this property caters to the outdoor enthusiast providing opportunities for deer, turkey, & pheasant. In addition to its income potential & recreational appeal, this property also provides paved frontage ensuring easy accessibility and convenience. If one is an outdoorsman seeking an income farm with hunting possibilities for deer, turkey, & pheasant or simply looking for long term reliable return on investment, this property punches the ticket!

Location

State IA

County Decatur

Area Lamoni

Zoning Ag

Interior

Fireplace No

Exterior

Private Pool No

Others

Tax ID 1323300003, 1323400001, 1323300005, 1323300004

Monthly Total Fees $201

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Financing Cash

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Listed by RE/MAX Real Estate Center
Bought with OTHER
agent
Joann Dorenkamp

REALTOR | S S41775000

+1(515) 205-1691 | jodorenkamprealtor@gmail.com

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