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0 S70 and 500th St, Plano, IA 52581

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For Sale

$928,140

149.7 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 149.7 acres
    Lot size

Explore this Property

Very nice gently rolling laying farm located in Plano, IA not far from Centerville in Appanoose county, Johns Plat sections 21 & 22. Features include newer as well as older terraces, timber, ponds, pasture, row crop, building sites, useable structures, great views and the list goes on. Part of the west side of the farm has access from S70(Plano Highway) located right off of the pavement and access for the south side of the farm borders 500th st. Currently the tract has multiple uses starting with the 52.8 ac of cropland that has a 55 avg CSR2, that is being utilized every year with a corn/bean continuous rotation and allows for NH3. 95.16 ac are being used as pasture that has good fencing all the way around along with some interior fence and 2 ponds for the cattle. The whole farm has been limed and fertilized every 2 years and the farm as a whole has a 50.6 CSR2. Per the NRCS office if someone wanted to row crop the farm approximately 129.03 ac could be in a corn/bean continuous rotation and NH3 could be used. This farm will take some TLC along with fence clearing to help it get to the highest and best use form, therefore its a real diamond in the rough, the potential is huge. Along with the ground there are multiple structures, some good and some not. You could use the 50x60 hay shed that is open ended on 2 sides for equipment, or hay, but the building is in great shape. Other buildings consist of a 30x48 shed, 16x32 small barn, 12x32/16x16 lean to's, and a 16x34 chicken house. The value of the buildings is not much for a row crop farmer, but for someone wanting to use like it is being used now, it works. There are also 4 small grain bins that are empty along with some other small buildings. All buildings and bins are included with the sale. Along the south side of the farm on 500th st if building sites were sold off there is rural water, city sewer and electric coming from the east. Rathbun Water does own and has access to the city lagoon on the land as they have 3.07 acres that are fenced and have already been cut out of the subject property. All in all this farm offers a little bit of everything and has the potential to be so much more, just a matter of what you want to do with it. A fair price that reflects a slightly softer market, don't miss this opportunity. Asking $6200 per ac for 149.7 taxable acres. The farm will have an open lease for the 2025 farming season.
MLS# 11355909

Courtesy Of Hicks Realty, LLC

(641) 895-8471

Property Features

  • Amenities
    Dock, Water Front
  • Architecture Style
    Other
  • Lot Size
    149.7 Acres

Map and Directions

Directions to 0 S70 and 500th St, Plano, IA 52581

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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