Asking: $820,000 or $10,250 Per Acre
Description: High-Quality Cropland & CRP Farm in an Excellent State of Productivity with Great Rural Acreage Building Site Potential. The Beautifully Remodeled Barn, New Well, & Interior Fence Makes this Property a Perfect Fit for the Horse Enthusiast. The Farm is Located East of Oakland Iowa Approx. Mile from Paved Road.
Location: Approx. 1 Mile West & 1/2 Mile North of Oakland IA on the East side of 400th St.
Brief Legal Description: The S1/2 SW1/4, T-75N, R40W All in Pott. Co. Iowa.
Cropland: 41.7 FSA Cropland Acres + 31.4 CRP Acres or 73.10 Total FSA Cropland Acres.
CSR2: 87 CSR2 for the 41.7 Cropland Acres & 78.1 for the 31.4 CRP Acres Per Surety Mapping Software.
CRP: 31.4 Acres Enrolled at $300 Per Acre or $9,420 Per Year. Contract Runs 10-1-2021 to 9-30-2031.
Soils: Soil Types Include Marshall, Corley, Minden & Judson w...
Soils: Soil Types Include Marshall, Corley, Minden & Judson with Slopes Ranging from 0-9%.
FSA Info: Farm #4299 Tract #1973. 77.66 FSA Farmland Acres. 73.10 FSA DCP Cropland Acres. 41.70 effective DCP Cropland Acres. Corn Base Acres = 31 & Corn PLC Yield = 155. Bean Base Acres = 10.70 & Bean PLC Yield = 47.
Building Site: Approx. 4.56 Acres with Gravel Driveway, Electricity Service, & New Well. Excellent Acreage Building Site!
Improvements: Remodeled 3,696 SF Barn with Metal Roof/Siding & 14ft Electric Overhead Door for Large Machinery Storage. 768 SF Pole Shed, Stormor 7,500 Bu Bin with Electric Dryer, Brock 3,500 Bu Bin, & Butler 2,800 Bu Bin. (Tenant Owns Sweep Augers & Auger Motors).
2020-21 Taxes: Real Estate Taxes $2,940 Per Year.
Terms: Cash. 10% Earnest Deposit Upon Acceptance of Offer. Buyer Agrees to Cooperate with Sellers 1031 Exchange.
Possession: At Closing Subject to 2021 Lease which Expires on February 28, 2022. Tenant Reserves Use of Grain Bins Until July 1, 2022.
Closing: October 1, 2021, or Thereafter.
Sellers: Norma J Taylor Trust.
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationFrom the City of Oakland, head west on Oakland Ave or Honeysuckle Rd. Head North on 400th St. for 1/2 Mile & the farm is located on the East side of 400th st.
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