Wayne County, IA
609.00 Acres M/L

Newton Rd/140th St/Ohio Rd |
Corydon, IA 50060 |
Listing #17121

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$4,445,700

Property Info

Description

Peoples Company is pleased to introduce this rare opportunity to own 609± Acres of Wayne County, Iowa farmland. 530± Acres all adjoin in one continuous tract with an additional 79± Acres located across the road to the south.

The farm consists of 609± total acres with an estimated 483.25 FSA cropland acres. The tillable soils carry an estimated CSR2 value of 47. The farm is currently under tenant operation offering great returns on the 483.25± tillable acres. In addition to a large percentage of the farm being tillable, the farm also offers great potential for income from hunting leases. The current tenant lease will end on February 28th, giving the new buyers the opportunity to negotiate future lease terms if they so choose.

The farm is located just northeast of the Corydon city limits. In addition to the income, quality soils, exceptional deer and turkey hunting, and mature timber; the farm offers a multitude of building site opportunities to suit all your agricultural and recreational desires. The farm is located in Sections 16, 17, and 20 of Corydon Township in Wayne County, Iowa. Don't miss your opportunity to own a sizable piece of southern Iowa farmland. Large continuous tracts such as this are exceptionally hard to find!

Legal Description

The West Half of the Northwest Quarter of Section Twenty, Township Sixty-nine North, Range Twenty-one West of the Fifth P.M. in Wayne County, Iowa; and The West Half of the Northwest Quarter of the Northwest Quarter of Section Sixteen, Township Sixty-nine North, Range Twenty-one West of the Fifth P.M. in Wayne County, Iowa.

The East Two-thirds of the Southwest Quarter and the Northeast Quarter and the East Half of the Northwest Quarter of Section Seventeen (except a parcel of land located in the East Half of the Northwest Quarter of said Section Seventeen. Said parcel contains 8.25 acres more or less.) All in Township Sixty-nine North, Range Twenty-one West of the Fifth P.M. in Wayne County, Iowa. Exact legal description to be taken from Abstract.

Details

FSA tillable acres are estimated to be 483.25 Acres m/l

Corn Base Acres: 105.75 PLC
Corn Yield: 85
Soybean Base Acres: 47.85 PLC
Soybean Yield: 28

Farm program information and base acres are subject to change following reconstitution by the Wayne County FSA and NRCS offices.

Directions

From intersection of Hwy 2 and Hwy 14 in Corydon, Iowa travel east on Hwy 2 for approximately 0.3 of a mile. Turn north onto S East St and travel 0.7 miles. Then take a slight right onto Newton Rd and travel 0.6 miles. The 79± acre tract is located on the south side of Newton Rd. The 530± acre tract is located on the north side of Newton Rd and continues north along the east side of 140th St and south side of Ohio Rd as well. Look for Peoples Company signs.

Sign On Property: Yes
MLS Number: 682073
Parcel Number: 070H17100006, 070H17200003, 070H17300003, 070H17300005, 070H20100001, 070J16100004, 070J16200001, 070H17200004, 070H17300006, 070J16100002, 070H17100004, 070H17200001, 070J16100001, 070H20100003, 070J16200003, 070H17300002, 070H17200002
School District: Wayne Community School District
General Area: Corydon Township
Net Taxes: $9,868.00
CSR2: 47.00
Possession: At Closing, Subject to the Tenant's Rights.
Terms: Cash or Conventional lending

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