Madison County, IA
26.76 Acres M/L

Rustic Avenue & 285th Lane
East Peru, IA 50222

Price	$307,740
Listing	#17031

LAND AGENT

John Reburn

Office: 515.222.1347
Mobile: 515.330.8710
JohnR@PeoplesCompany.com

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LAND AGENT

Kenny Herring, ALC

Office: 515.222.1347
Mobile: 515.783.8718
Kenny@PeoplesCompany.com

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Property Info

Description

Affordable farm with spots to build in beautiful Madison County! Peoples Company is pleased to present 26.76 surveyed acres north of East Peru. The farm has 24.96 FSA Cropland acres carrying an impressive CSR2 of 79.2, well above the county average of 60.8. Farm improvements were made last spring by removing terraces and cleaning up fence lines to enhance farmability. This is a rare opportunity to own tillable acres in this region at farmland values. With the proximity to Des Moines and ongoing urban sprawl, this farm is poised to appreciate significantly over the long term. The farm is currently custom operated but is open for the 2024 cropping season.

In addition to being a great farm, the property has multiple spots to build. The location is excellent being less than one-half mile off pavement and only 35 minutes to the Des Moines Metro. Warren Water District is conducting a study to estimate the cost to bring rural water to the property (contact agent for details). Electric is provided by Alliant Energy. Contact one of the listing agents for more information on this excellent opportunity!

Legal Description

Parcel "E" being a part of the NE 1/4 of the SE 1/4 (NE 1/4 SE 1/4) of Section 2; Township 74 North, Range 27 West of the 5th P .M., Madison County, Iowa, more particularly described in Plat of Survey recorded August 17, 2022 in Book 2022, Page 2451 in the office of the Madison County Recorder; Subject to a "blanket'' easement for water line purposes over, under and across the following described property: Beginning at the NW comer of the East 10 acres of the NW 1/4 of the SE 1/4 (NW 1/4 S 1/4) of Section 2, Township 74 North, Range 27 West of the 5th P.M.; thence S 89 39'38" E, along the half section line, a distance of 674.66 feet; thence S 03 05'06" W, a distance of 40.05' to the point of beginning; thence S 03 05'06" W, a distance of 210.24'; thence N 89 39'38" W, a distance of 150.17'; thence N 03 05'06" E, a distance of 210.24'; thence S 89 39'38" E, a distance of 150.17' to the point of beginning; Containing 0.724 acres. Exact legal description to be taken from Abstract.

Directions

*The Peru bridge is under construction. From the intersection of Interstate 35 and Highway 5 in West Des Moines, head south on Interstate 35 for 16 miles and take Exit 52 - St. Charles. Turn right (east) onto G50 for 3.5 miles until reaching Valleyview Avenue. Turn left (south) on Valleyview Avenue for 0.5 miles until reaching G53 / 260th Street. Turn right (west) on G53 / 260th Street for 3 miles until reaching Settlers Trail. Turn left (south) on Settlers Trail for 0.5 miles until reaching 268th Street. Turn right (west) on 260th Street for 0.75 miles until reaching Hiatt Apple Road. Turn left (south) on Hiatt Apple Road for 1 mile until reaching Rustic Avenue. Turn left (south) on Rustic Avenue for 1 mile. The farm is on the west side of Rustic Avenue. Look for Peoples Company sign.

Covenants

None

Sign On Property: Yes
MLS Number: 680192
Parcel Number: 70015028201000
School District: Winterset School District
General Area: North of East Peru
Net Taxes: $653.00
CSR2: 79.20
Zoning: Agriculture

Additional Info

*A principal of the selling LLC holds an active real estate license in the State of Iowa.

*There is a blanket easement for water line purposes in the northwest corner of the property. See attached survey for more details.

Interactive Map

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