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00 120th Street, Other, IA 51055

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For Sale

$280,000

39.24 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 39.2 acres
    Lot size

Explore this Property

Pleased to present 39.24 surveyed acres m/l of Monona County farmland located south of Sloan, Iowa. This farm combines recreational potential with productive, tillable acres and would make for a great add-on unit to an existing farm operation or provide an excellent entry-level investment for those looking to access the land ownership market. Affordable and income-producing, this farm includes 37.98 FSA cropland acres carrying a CSR2 soil rating of 62.3, of which, 28.87 acres m/l are currently tillable. There are 9.11 CRP enrolled acres, producing a payment of $232.88 per acre or $2,122 annually. The CRP acres are contracted through 2031 and nicely pair western Iowa hunting opportunities with a guaranteed annual income. Property is accessed via a 33-foot-wide easement extending from the north from 120th Street to the northwest corner of the property. See easement survey document in listing attachments for details. The property is located within McCandless Main Drainage District and requires an average annual drainage levy of approximately $338. No additional major drainage projects are currently planned for the district. Property is located just 1 mile from paved County Highway K45 and less than 4 miles from direct access to Interstate 29. The farm is open for the 2025 crop season.
MLS# 709895

Courtesy Of Peoples Company

(515) 222-1347

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    39.24 Acres

Map and Directions

Directions to 00 120th Street, Other, IA 51055

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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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