Dan Kelly
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Presenting 159.10 acres m/l located just north of Menlo, Iowa, in Guthrie County. This property offers an attractive combination of recreational opportunities, established income, agricultural acres, and a residence - creating a rare opportunity to own a diverse tract with an easy commute from the Des Moines Metro. The farm features two established food plots that provide additional food sources for wildlife and enhance the overall hunting setup. The farm features 116.34 DCP Cropland Acres with 74.59 acres enrolled in the Conservation Reserve Program (CRP), generating $14,892 in annual income. This provides an immediate revenue stream to help offset ownership costs while also creating outstanding wildlife habitat. An additional 22 acres m/l are currently in row crop production and cash rented for $4,000 annually. The combination of CRP, cropland, timber, and rolling terrain creates excellent habitat diversity and provides strong hunting and recreational potential. Adding another dimension to the offering is an existing home that could serve as a primary residence, weekend retreat, or hunting lodge. The home is a highly improved farmhouse that has benefited from several significant updates. These updates include a new foundation, a new walkout basement addition with 9-foot ceilings, new underground water and electric lines from the road, a new deck with timber tech decking and white aluminum railings, 200-AMP electrical service, and a new HVAC system.
Property Highlights
Property Type: Residential - Farm
Lot Size: 159.10 acres
Built in 1900
General Information
Bedrooms: 3
Bathrooms: 1
County: Guthrie
Listed By:
Peoples Company
515-222-1347
No Coast MLS
MLS ID: 6343255
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2978 Ranch Trail, Menlo, IA 50164.
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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 | $1,380,000 | $1,380,000 | $1,380,000 |
| Down Payment | $48,300 | $0 | $276,000 |
| Monthly Mortgage Amount | $9,015 | $9,497 | $7,625 |
| Taxes | $1921 | $1921 | $1921 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $828 | $0 | $0 |
| Monthly Estimated Total | $12,165 | $11,819 | $9,947 |
Dan Kelly
REALTOR®
Cell: (563) 320-5473
Licensed in IL & IA
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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