Elma, IA 50628
Elma, IA 50628
Elma, IA 50628
27
Listed by Kyle Steinfeldt • Midwest Land Group, LLC
Bought with Steinfeldt Kyle • Midwest Land Group, LLC
$500,000
$510,000
2.0%
Est.Price: ?

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Elma, IA 50628

Est. payment /mo
SOLD DATE : 09/14/2023

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Key Details

Sold Price $500,000

Property Type Vacant Land

Sub Type Crop

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20232704

Sold Date 09/14/23

Annual Tax Amount $1,712

Lot Dimensions Irregular

Property Sub-Type Crop

Property Description

Looking to add or trade into additional agricultural acres with a really impressive return? 100% of this 64 +/- acre farm are income producing acres with $16,237 of income annually! That's over a 3.17% return at asking price after taxes! This property hasn't traded hands in over 50 years and will continue to be a solid producer for many years to come. All 64 acres are certified tillable acres and are currently enrolled in a CP42 CRP contract, paying over $252 an acre that expires September 30th of 2026. While this farm would qualify for renewal, this fertile farm is the ideal candidate and has the pedigree to be an excellent farm to be put back into row crop production upon expiration carrying a 64.9 CSR2 weighted average. The CP42 program that the farm is enrolled in is the Pollinator Habitat Program. The beautiful stand of pollinator plant and grasses are teaming with wildlife. Many deer, turkeys, and pheasants were present when we took photos and game trails were evident as seen from the aerial photos. Don't miss your chance at this awesome opportunity to own a great north Iowa investment property. Showings by appointment only. 64.9 CSR2 Opportunity to get back into row crop production 64 +/- certified tillable acres CP42 Pollinator Habitat Program $252.92/acre of income $16,237 annual income 3.17% return at list price Recently surveyed Access from both the east and the north Not in floodplain NHEL Located just 1/2 mile north of Elma, IA Excellent pheasant, deer, and turkey hunting Showings by appointment only Taxes $1,712 annually

Location

State IA

County Howard

Zoning A-1

Interior

Fireplace N

Exterior

View Y/N true

Building

Sewer None

Water None

Others

Acceptable Financing NBR20232704

Listing Terms NBR20232704

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agent

Seth Hickman

License ID: 69207000

+1(319) 240-9511

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