Recreational Land & Farm for Sale in Lineville, Iowa

277th St Lineville, IA 50147

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$1,346,875
215.5 acres
Active sale agoEst $10,263/mo

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.

Directions

Take the Decatur City exit from interstate 35 to the east on highway 2 for 7.5 miles. Turn south on highway R52 (Lineville Rd) and continue on this road until you see Snowtown road to the east (left) the property is to the west of the intersection of Snow Town Road and R52 (Lineville road)

Property details

Zoning
A
MLS Number
DMAAR 696567
Date Posted

Parcels

  • 1232100004

Property taxes

Year not provided
$2,362

This 215.5-acre property is located at 277th St in Lineville, IA 50147. The property is currently available for sale for $1,346,875 with a price per acre of $6,250. Listing data is sourced from Des Moines Area Association of Realtors # 696567.

Verify sale details at the property source or contact RE/MAX Precision at (515) 223-9492.

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Copyright (C) 2024 Des Moines Area Association of REALTORS (R), Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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