Sold for $1,100,000 on 09/27/24
$1,100,000
0 277th St, Lineville, IA 50147
--beds
--baths
215.5Acres
Unimproved Land
Built in ----
215.5 Acres Lot
$-- Zestimate®
$--/sqft
$696 Estimated rent
Home value
Not available
Estimated sales range
Not available
$696/mo
Zestimate® history
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What's special
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.
Zillow last checked: 8 hours ago
Listing updated: October 02, 2024 at 10:03am
Listed by:
Brodie Wubben (515)371-5193,
RE/MAX Precision
Bought with:
Colin Ortmeier
Kiloterra
Source: DMMLS,MLS#: 696567
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $1,100,000-18.3% |
Source: | ||
| 8/23/2024 | Pending sale | $1,346,875 |
Source: | ||
| 6/4/2024 | Listed for sale | $1,346,875 |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 50147
Nearby schools
GreatSchools rating
- 9/10Princeton R-V Elementary SchoolGrades: PK-6Distance: 7.1 mi
- 5/10Princeton R-V Jr.-Sr. High SchoolGrades: 7-12Distance: 7.1 mi
Schools provided by the listing agent
- District: Waco CSD
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.