Marion County, IA
316.20 Acres M/L
Webster Street |
Knoxville, IA 50138 |
Listing #15929
$1,390,400
Property Info
Description
Peoples Company is pleased to represent the Carruthers family in the sale of 316.20 acres in southern Marion County, Iowa. Situated immediately along the Marion/Lucas County line and two miles southeast of Columbia, Iowa, this recreational property offers it all with heavily timber draws, two ponds, and income-producing opportunities.
There are 243.13 tillable acres across the farm enrolled in two different Conservation Reserve Program (CRP) contracts. These contracts included 242.25 acres enrolled into Rare and Declining Habitat (CP25/1) thru 2030 with an annual payment of $39,245 ($162 per acre) and 0.88 acres enrolled into Grassed Waterways (CP8A) expiring in 2024 with an annual payment of $214 ($243.68 per acre). The current annual income between the two CRP contracts is $39,459. The balance of the property consists of grassed waterways and wooden timber draws located in the middle of the farm.
With soils suitable for row crop production combined with numerous terraces to hold soil in place, the new buyer may want to consider the CRP buyout option for the recently enrolled 242.25 CRP acres. The primary soil types of the tillable acres are Gara loam and Pershing silt loam. Since the majority of the farm's acres just completed the first year of the CRP contract, the buyout option would be a viable opportunity for a buyer looking for southern Iowa farmland. Contact the listings agents for additional details on this option.
This farm is located approximately ten miles south of Knoxville, Iowa, and three miles east of State Highway 14 in Section 36 of Washington Township in Marion County, Iowa.
Legal Description
The South 1/2 of Section 36, Township 74 North, Range 20 West of the 5th P.M., Except Parcel "B" located in the NW 1/4 of the SE 1/4 of said Section 36; All in Marion County, Iowa. Exact legal description to be taken from the Abstract.
Directions
From Knoxville, Iowa: Travel south/southwest out of town on State Highway 14 for approximately 10 miles to Virginia Street. Turn left (east) onto Virginia Street and travel east for 3.5 miles to 130th Avenue. Turn right (south) onto 130th Avenue and continue south for 0.5 miles. The property will be to the right (west). Look for Peoples Company signs.
- Sign On Property: Yes
- MLS Number: 642798
- Parcel Number: 2423000000, 2423200000, 2423100000, 2423300000, 2423400000, 2423600000, 2423700000, 2423500000
- School District: Knoxville Community School District
- General Area: South of Knoxville, Iowa
- Net Taxes: $7,072.00
- CSR2: 50.70
- Possession: At Closing, Subject to Tenant's Rights
- Terms: Cash, Conventional
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Photos
