Franklin County, IA

Highway 3 & Heather Ave
Latimer, IA 50452

77.50 Acres M/L
Price: $535,000 Price Per Acre: $6,903

Listing #: 14278

Agents

PROPERTY INFO

Description

Offering 77.5 acres m/l of high quality Franklin County farmland in a strong area. Farm includes 48.69 FSA tillable acres carrying a 75.4 CSR2. In addition, there are 27.65 acres enrolled in CRP paying $9,818 annually. There are 6.92 acres in a CP-27 contract and 20.73 in a CP-28 contract; both expiring in 2026. Farm also has good drainage with approximately 10,000 linear feet of tile. Situated along Hwy 3 and adjacent to Coulter, the farm is located in Section 31 of Marion Township.

Legal Description

Approximately 77.5 acres m/l in the East 1/2 of the Northeast 1/4 Section 31, Township 92 North, Range 21 West of the 5th PM in Marion County, Iowa. Brief legal description is not to be used on legal documents. Exact legal description to be taken from abstract.

Farm Details

Corn: 40.37 base acres, PLC Yield of 146
Beans: 3.39 base acres, PLC Yield of 47
Farm is enrolled in ARC-CO.
Tract does not contain a wetland.

  • Sign On Property: Yes
  • MLS Number: 567321
  • Parcel Number: 0631200004, 0631200005
  • School District: Hampton
  • General Area: East of Hampton, Iowa
  • Net Taxes: $1,994.00
  • CSR2: 75.00
  • Possession: At Closing Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

From Interstate 35, take exit 165 toward Hwy 3. Turn east on Hwy 3 and travel approximately 1.9 miles to Heather Ave. Farm is located on the southwest corner of Hwy 3 and Heather Ave.

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