NOT LISTED FOR SALE

001 U S 69 Lamoni, IA 50140

118 Acres
-- Price per Acre
5,140,080 Sq Ft Lot

Last Sold November 22, 2023

Last sale price $568,000

17 Days on Market

About This Lot

As of November 2023

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!

Last Agent to Sell the Property

Sean Asada

RE/MAX Real Estate Center Listed on: 09/11/2023

RE/MAX Real Estate Center

Last Buyer's Agent

OUTSIDE AGENT

OTHER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,422

Lot Details

  • 118 Acre Lot
  • Property is zoned Ag

Listing and Financial Details

  • Assessor Parcel Number 1323300003, 1323400001, 1323300005, 1323300004

Property Details

Property Type

Land

Est. Annual Taxes

$2,422

Lot Details

118 Acres

Listing Details

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

Exterior Features

  • Street Feature: Asphalt

Lot Info

  • Acres: 118.0000
  • Assessor Parcel Number: 1323300003, 1323400001, 1323300005, 1323300004
  • Zoning: Ag

Tax Info

  • Gross Taxes: 2422.00
  • Net Taxes: 2422.00
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Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2023 11/22/23 Sold $568,000 -5.6% --
09/28/2023 09/28/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $601,800 -- --
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: 681570

Des Moines Area Association of REALTORS®
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