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Sold for $568,000
  • $568,000

    1 State Highway 69, Lamoni, IA 50140

    --beds
    --baths
    118Acres
    Unimproved Land
    Built in ----
    118 Acres Lot
    $-- Zestimate®
    $--/sqft
    $857 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $857/mo

    Zestimate® history
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    What's special

    Paved frontageScenic viewsExcellent income
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Asada 515-729-2879,

    RE/MAX Real Estate Center

    Bought with:

    OUTSIDE AGENT

    OTHER

    Source: DMMLS,MLS#: 681570MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Property

    Lot
    • Size: 118 Acres
    Details
    • Parcel number: 1323300003, 1323400001, 1323300005, 1323300004
    • Zoning: Ag

    Community & neighborhood

    Location
    • Region: Lamoni

    Other

    Other facts
    • Listing terms: Cash,Contract
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    11/22/2023Sold$568,000-5.6%
    Source: DMMLS #681570 Report a problem
    9/28/2023Pending sale$601,800
    Source: DMMLS #681570 Report a problem
    9/11/2023Listed for sale$601,800-7.2%
    Source: DMMLS #681570 Report a problem
    9/1/2023Listing removed--
    Source: DMMLS #678245 Report a problem
    7/18/2023Listed for sale$648,410
    Source: DMMLS #678245 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 50140

    Nearby schools

    GreatSchools rating