20
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$1,569,750
$1,700,000 7.7%
Est. payment /mo
161 Acres Lot
Sold on 03/03/2025
00 20th Street Oelwein, IA 50662
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UPDATED:
Key Details
Sold Price $1,569,750
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 705946
Annual Tax Amount $5,500
Lot Size 161.000 Acres
Property Description
Fayette County Farmland Available! Offering 161 acres m/l of high CSR2 land located just southwest of Oelwein in Section 31 of Jefferson Township. The farm currently provides an estimated 136.72 FSA cropland acres carrying an average CSR2 of 86.3. The farm is designated NHEL (non-highly erodible land) and the main soil types are the productive Kenyon, Floyd, and Clyde Clay loams. A 10.6 acre portion of the non-tillable area is considered a Farmable Wetland with older tile located below the surface. The remaining 14.4 non-tillable acres in this area are not considered wetlands and could be tiled and farmed. The majority of the non-tillable area offers excellent soil types and would significantly increase farm production. If preferred, this area could also offer ample recreational opportunities with signs of many turkeys and upland birds as well as bedding areas for whitetail deer. The farm is situated in a prime area for row crop production with the Fairbank ethanol plant just three miles away and the Cedar Rapids and Mississippi River grain outlets each within sixty miles. The farm has access and road frontage along 20th Street and an additional access point will be given via permanent easement through the west edge of the acreage site. The acreage amount may change slightly when the building site is surveyed off from the farmland. Whether you are a local farmer or investor, you won't want to miss the opportunity to own this farm with significant upside potential!
Location
State IA
County Fayette
Area Oelwein
Zoning Ag
Others
Monthly Total Fees $458
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Peoples Company
Bought with Peoples Company
Bought with Peoples Company
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