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Property ID: 1050218 Nodaway, Iowa | Adams County
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Land for Sale near Nodaway, Iowa - Adams County

Details about the Land
County: Adams Type: Acreage Acres: 60
Address: City: Nodaway State: Iowa
Zip: 50857 Price: $330,000.00 Status: Available
Description of the Land
NAME: Bowstring LLC Farm

PRICE: $330,000.00
LAND USE: 37.63 effective tillable acres, and 16.6 acres enrolled in the Conservation Reserve Program (Adams Co. FSA)
INCOME: $11,395 in 2012 Potential to go much higher in 2013.
The FSA reports the farm has 37.6 effective tillable acres. However, the tenant on the subject property reports 40 effective crop acres and rents it accordingly. With the additional income from the renewed CRP contract, there is excellent income potential on this farm.
CSR DATA: Avg. 82.8 (Adams Co. Assessor)
FSA DATA: The government payments are to be reconstituted by the FSA because the subject property is being sold off a larger property. ( Adams Co. FSA)
CRP: 970C: 6.61 Acres at $159.80/acre=$1055 annually, expiring 2015; 991C: 10.00 Acres at $134/acre = $1,340 annually, expiring 2012. Moving to $232/acre=$2,317 annually in 2013 (Adams Co. FSA)
LOCATION: Located approx. 1 mile East and 1 mile North of Nodaway, Iowa.
TAXES: Taxes will be reassessed because the subject property is being sold off a larger a property
TERMS: Cash, payable at closing
POSSESSION: May be subject to tenancy

AGENT: Tom Miller - 712-621-1281
Platinum Member

Dan Zech

Preferred Properties of Iowa

Platinum Member

Directions to the Land
Approx. 1 Mile East and 1 Mile North of Nodaway, Iowa

Contact Information

Company: Preferred Properties of Iowa
Contact Name: Dan Zech
Email: Click here to email contact
Phone Number: 641.333.2705
Fax: 641.333.4178
500 W Temple
Lenox, IA 50851


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