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Iowa Highway 144, Paton, IA 50217

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For Sale

$706,500

62.8 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Farm/Ranch
    Property type

  • 62.8 acres
    Lot size

Explore this Property

Pleased to present an exceptional income-producing farm located just south of Paton, Iowa in Section 29 of Paton Township. This farm is 62.80 net acres m/l consisting of 59.86 FSA cropland acres and a CSR2 of 83.6. Prominent soil types include highly-productive Canisteo clay loam, Webster clay loam, and Nicollet clay loam. There is no Wetland Determination on file for this tract. All 59.86 cropland acres are currently enrolled in the Conservation Reserve Program (CRP) with expiration dates in 2027 and 2033. Upon expiration of the CRP contracts, these acres would be favorable for farming as they include top-producing soil types, or they could be re-enrolled in their respective CRP programs or be used as a building site. The CRP contract details are listed below: Contract #11367C: 53.36 Acres enrolled in the Pollinator Habitat Program (Practice CP42) with an annual payment of $16,506 or $309.34 per acre. This contract is set to expire in September of 2027. Contract #12027A: 6.50 Acres enrolled in the Farmable Wetlands Program (Practice CP27 & CP28) with an annual payment of $1,950 or $300 per acre. This contract is set to expire in September of 2033. *This contract has been in place since 2009. Access to the farm is from the east side of the property off of Iowa Highway 144. Included on the property is a 52 x 52 pole barn that was built in 1959. It is being sold in as is where is condition. Visit our website for more information!
MLS# 6322798

Courtesy Of Peoples Company

(515) 222-1347

Property Features

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

Map and Directions

Directions to Iowa Highway 144, Paton, IA 50217

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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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