Craig Newcomb
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Rare opportunity to own 198 +/- acres in a desirable area of Monroe County, Iowa! This farm features approximately 177 FSA-indicated tillable acres, offering an excellent ratio of productive cropland to total acreage. The property is currently rented for $38,000 annually, providing immediate income potential. The 2027 crop year is open, giving a new owner the flexibility to farm the ground themselves or choose their own tenant. The current tenant would also be willing to continue farming the property. The farm is located near a substantial amount of solid timber, providing an excellent food source and habitat for local wildlife, including whitetail deer and turkey. With access from two different roads, the property offers convenient access and flexibility for farming operations. It is not often that a farm of this size becomes available with this much tillable acreage. The combination of productive cropland, current rental income, wildlife habitat, location and multiple access points makes this a property worth a close look. The seller is highly motivated and ready to consider offers. Buyers are encouraged to take a look and bring an offer!
Property Highlights
Property Type: Land - Farm
Total Acres: 198.00 Acres
Zoning: Agriculture
General Information
County: Monroe
Listed By:
Boley Real Estate
641-932-1234
No Coast MLS
MLS ID: 6343095
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1407 576th Avenue, Lovilia, IA 52531.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,237,500 | $1,237,500 | $1,237,500 |
| Down Payment | $43,313 | $0 | $247,500 |
| Monthly Mortgage Amount | $7,881 | $8,410 | $6,586 |
| Taxes | $1722 | $1722 | $1722 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $743 | $0 | $0 |
| Monthly Estimated Total | $10,707 | $10,493 | $8,669 |
Craig Newcomb
REALTOR®
Managing Broker
Office: (563) 441-5043
Cell: (563) 340-1035
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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