$438,690
$438,690
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41.78 Acres Lot
SOLD DATE : 10/10/2022
Key Details
Sold Price $438,690
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 656181
Sold Date 10/10/22
HOA Y/N No
Annual Tax Amount $1,398
Lot Size 41.780 Acres
Acres 41.78
Property Description
Offering 41.78 acres m/l of high-quality Franklin County, Iowa farmland! Located within the city limits in the southeast corner of Hampton, Iowa, this property includes 35.45 FSA NHEL tillable acres. Currently, there are 31.25 acres being farmed carrying a CSR2 rating of 93.2 with the primary soil types of Dinsdale silty clay loam, Muscatine silty clay loam, and Ely silty clay loam. There are 4.20 acres enrolled into the Conservation Reserve Program (CRP) thru 2027. The CRP practice is CP-21 (Filter Strips) and has a current annual payment of $1,260 ($300/acre).
There are several competing grain marketing options located nearby including ethanol plants combined with a variety of grain elevators to merchandise crops. This tillable farmland tract is located within Section 34 in Mott Township, Franklin County, Iowa. The current use of this property is agricultural but is currently zoned single-family residential (R-1) by the City of Hampton, Iowa. There is a city water line along the north side of 140th Street with a hydrant by the west acreage site (southwest corner of the property). For additional information, please refer to the Permitted Zoning Uses attachment (Chapter 165 - Article 6) or contact the City of Hampton, Iowa with additional questions. This property would be a great long-term investment as the area continually develops. Don't miss this rare opportunity to purchase land in a tightly held area!
Location
State IA
County Franklin
Area Hampton
Zoning Ag
Interior
Fireplace No
Exterior
Private Pool No
Building
Water Public
Schools
School District Outside School District
Others
Tax ID 0734400014; 0734376003
Monthly Total Fees $116
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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