160th Street Fairbank, IA $ 1,500,000
160th Street
$ 1,500,000
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160th Street

Fairbank, IA, 50629
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 10,478

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Studio

Farms/Ranches for sale in Fairbank, IA

for $1,500,000. The lot size is 163.37.

Buchanan County Farmland Available! A great opportunity to own productive, income-producing land with added recreational value in northeast Iowa. This 163.37 surveyed acre farm consists of 147.04 FSA tillable acres, of which 24.26 acres are currently enrolled into CRP programs, and offers a beautiful 14.53-acre wetland area with a man-made pond creating the ideal bird habitat. The income potential on this property is excellent with the currently farmed acres enrolled into an EQIP 2018 conservation program paying $7,438 annually through 2027 and $1,326 in 2028, rewarding the landowner for following cover-crop and no-till practices. This program can be transferred to the new owner or discontinued if preferred. The 24.26 acres enrolled into CRP is split into six contracts expiring in 2027 and 2032 and paying an average of $291.51 per acre or $7,072 annually. The entire tillable portion of the farm has been pattern-tiled and will require no immediate capital improvements for the new owner. The current owner would be willing to continue renting the farm and would offer a competitive rate, however, the sale is not contingent on a "lease-back". There may be an opportunity to add a manure easement on the farm to ensure optimum fertility for years to come. The farm is located along 160th Street between Dunkerton and Littleton in Section 31 of Fairbank Township, Buchanan County, Iowa. Visit our website for more information regarding this listing!

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Farms/Ranches Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Farms/Ranches

Taxes

$ 0

Style

Farm,Recreational

Lot Size

163.37

Town/City

Fairbank

County/Region

Buchanan

MLS | Web ID

6316453

Features
General
Zoning Agriculture
HOA RLIT
Status Active Active
Style Other
Class FARM
Property Sub Type Farm Recreational
Tax Year 2024
Subdivision IA
Contingency None
Auction Y/N 0
Area Buchanan
Primary City Fairbank
Directions From Dunkerton: Travel east on Dunkerton Road for 3.5 miles to Teem Road. Head south on Teem Road for 1.3 miles. The road will curve to the east and become 160th Street. The property will be located
City Fairbank
Street Name 160th
Agent First Name Travis
Agent Last Name Smock
DOM 10
Postal Code 50629
Potential Short Sale No
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Exterior
Lot Size Area 163.37
Tillable Acres 147.04
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Interior
Fireplace 0
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Internal Only
OriginalMLSID 6316453
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* Excluded Features
List By
Travis Smock

Listing Agent

Peoples Company

Broker

travis.smock@peoplescompany.com

Email

Affordability Calculator

$10,478
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,478
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2024$1,500,000 Listed Price

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160th Street, Fairbank, IA, 50629 is a Farms/Ranches for sale at $1,500,000 with a lot size of 163.37. 160th Street is a studio with 0.0 baths. The property's zip code is 50629 which is in Fairbank, IA