$1,346,875
Active
16 Days Online
0 Beds0 Baths0 SQFT
Active

0000 277th Street Lineville, IA 50147

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This 215 m/l acre farm in Decatur County, southern Iowa, is a rare find, being on the market for the first time in over 25 years. The property offers a unique blend of income-generating opportunities and recreational benefits, making it an attractive investment for both farmers and outdoor enthusiasts. There is also a barn that has been restored with new metal installed that could be finished inside for a nice cabin or lodge. Power and water at the road. The farm generates a significant annual income, with nearly $9, 000 coming from Conservation Reserve Program (CRP) payments. These payments are secure, with most of the contracts set to expire in 2032. Additionally, the farm includes 80 acres of pasture ground, which brings in another $5, 600 annually. Together, these income sources provide a steady yearly income of approximately $14, 600. Beyond its financial benefits, this farm is a paradise for hunters and nature lovers. The 55 acres of timber on the property offer outstanding deer and turkey hunting opportunities. The cows are always taken off the pasture by September, ensuring that the deer hunting season is undisturbed, allowing for optimal hunting conditions. The property also features five ponds, adding to its scenic beauty and enhancing its appeal as a recreational retreat. All information obtained from Seller and public records.

  • Property TypeLand
  • NeighborhoodN/A
  • CountyDecatur
  • Taxes$2,362
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number696567
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size215.5 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Acreage 215.5
  • Utilities Electricity Available
  • Zoning A

Exterior Features

  • Lot Irregular Lot

Community Features

  • MLS Area Lynnville

Schools

School District
Waco CSD
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$7,132
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