Madison County, IA

318th Street
Truro, IA 50257

16.98 Acres M/L
$212,250

Listing #16620

PROPERTY INFO

Description

Peoples Company is offering 16.98 acres m/l of high-quality Madison County, Iowa farmland located along 318th Street just 1 mile south of Truro, Iowa. This unique property offers 15.3 tillable acres carrying a CSR2 of 90.5 comprised of primary soil types Mascksburg silty clay loam and Lamoni clay loam. The property is currently leased out for the 2023 crop year but the tenant would relinquish the lease if fall fertilizer costs are reimbursed. In addition to an income-producing opportunity, the unique location and size of this property would also make a perfect building site for someone looking to have a rural setting with the luxury of being close to the Interstate. Rural water is at the road provided by Warren Water District. Electric is at the road provided by Alliant Energy. Fiber Optic Internet services are provided by OmniTel Communication.

*All utility information should be independently verified with utility providers and Warren County.

Legal Description

Parcel "J" located in the Southwest Quarter (1/4) of the Southeast Quarter (1/4) of Section Twenty-one (21), Township Seventy-four (74) North, Range Twenty-six (26) West of the 5th P.M., Madison County, Iowa, containing 20.00 acres, as shown in Plat of Survey filed in Book 2006, Page 3079 on July 27, 2006, in the Office of the Recorder of Madison County, Iowa; EXCEPT Parcel "K" located therein, containing 3.02 acres, as shown in Amended Plat of Survey filed in Book 2013, Page 376 on February 1, 2013, in the Office of the Recorded or Madison County, Iowa. The exact legal description is to be taken from Abstract.

  • Sign On Property: Yes
  • MLS Number: 666488
  • Parcel Number: 70162186014000
  • School District: I-35
  • General Area: South of Truro
  • Net Taxes: $536.00
  • CSR2: 90.50
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash / Conventional

Directions

From Truro, Iowa: Travel south for approximately one mile on Valleyview Avenue to 318th Street. Turn right (west) onto 318th Street. Travel west on 318th Street for 0.4 miles. The property will be on the left (south) side of the road. Look for the Peoples Company sign.

INTERACTIVE MAP

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