$1,569,750
SOLD MAR 3, 2025

00 20th St Oelwein, IA 50662

161 Acres
$9,750 Price per Acre
7,013,160 Sq Ft Lot

Recently Sold

8% Below List Price

107 Days on Market

About This Lot

As of March 2025

Fayette County Farmland Available! Offering 161 acres m/l of high CSR2 land located just southwest of Oelwein in Section 31 of Jefferson Township. The farm currently provides an estimated 136.72 FSA cropland acres carrying an average CSR2 of 86.3. The farm is designated NHEL (non-highly erodible land) and the main soil types are the productive Kenyon, Floyd, and Clyde Clay loams. A 10.6 acre portion of the non-tillable area is considered a Farmable Wetland with older tile located below the surface. The remaining 14.4 non-tillable acres in this area are not considered wetlands and could be tiled and farmed. The majority of the non-tillable area offers excellent soil types and would significantly increase farm production. If preferred, this area could also offer ample recreational opportunities with signs of many turkeys and upland birds as well as bedding areas for whitetail deer. The farm is situated in a prime area for row crop production with the Fairbank ethanol plant just three miles away and the Cedar Rapids and Mississippi River grain outlets each within sixty miles. The farm has access and road frontage along 20th Street and an additional access point will be given via permanent easement through the west edge of the acreage site. The acreage amount may change slightly when the building site is surveyed off from the farmland. Whether you are a local farmer or investor, you won't want to miss the opportunity to own this farm with significant upside potential!

Last Agent to Sell the Property

Travis Smock

Peoples Company Listed on: 10/16/2024

Last Buyer's Agent

Travis Smock

Peoples Company Listed on: 10/16/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,500

Lot Details

  • 161 Acre Lot
  • Property is zoned Ag

Listing and Financial Details

  • Assessor Parcel Number 1831100007

Property Details

Property Type

Land

Est. Annual Taxes

$5,500

Lot Details

161 Acres

Listing Details

  • Property Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Acres: 161.0000
  • Qualifier Acres: More or Less
  • Assessor Parcel Number: 1831100007
  • Zoning: Ag

Tax Info

  • Gross Taxes: 5500.00
  • Net Taxes: 5500.00
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Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2025 03/03/25 Sold $1,569,750 -7.7% --
01/31/2025 01/31/25 Pending -- -- --
10/16/2024 10/16/24 For Sale $1,700,000 -- --
Source: Des Moines Area Association of REALTORS®

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 705946

Des Moines Area Association of REALTORS®
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