Investment Property With Tillable Acres, Large Pond, And Building Site Near Hard Surface Road

New FOR SALE

County

Appanoose County

Acreage

147 ±
Price Reduced
$882,000

New FOR SALE

County

Appanoose County

Acreage

147 ±

Reduced

$882,000

Address

TBD 140th Avenue, Lot#WP001
Mystic, IA 52574
View on Google Maps

Description

This property in Northwest Appanoose County is less than a mile from the south fork of Rathbun Lake. It comprises tillable acres, a large pond, and excellent building opportunities. It's less than half a mile off the paved J5T, only five miles to Plano, 15 miles to Centerville, and less than 80 miles to Des Moines.

Out of the 147 acres, approximately 100 acres are being cash rented and are nice, flat, fertile farmland. The average CSR2 is 47, and the majority of the farmland is around 55. The farm lease was terminated and is open for 2025.

The very south end of the property has been mined for limestone in the past. The contract has expired, resulting in a nice 12-acre pond with a little wildlife habitat surrounding it. Since the pond is newly constructed, the new owner can stock it with any fish species they prefer. The company that held the gravel lease is still obligated to install a fence along the entire south side, complete additional leveling around the pond, and seed the area this spring.

Just off the west side of the pond, you could build your dream home overlooking the water. There's also an additional building site on the north end of the property, and both sites have utilities nearby in the road right of way.

One of the nicest things about this property is the proximity to Rathbun Lake. Less than half a mile further up the dead-end road, you can access a ton of public hunting acres all around Rathbun Lake. There are thousands of acres of habitat and great hunting opportunities, or for those who love to be out on the water, there's a public boat ramp only three and a half miles away.

Another reason this area is great is due to all the fun things you can do around the lake. Just across the lake is Honey Creek State Park, which offers phenomenal golfing, an indoor waterpark, numerous hiking trails OTV park, etc.. There are also multiple dining options nearby.

Are you looking for a quality piece of flat farmland that lays out well and is easy to farm or a beautiful home site overlooking the pond close to a hard surface road with all the nearby attractions? This may be the perfect property for you. For your private showing, contact Whitetail Properties Land Specialist Hersh Smith.

Property Listing

Type

Farms, Ranches, Recreational Land, Undeveloped Land, Hunting Land

Road Frontage

Township Road


Media

Other Property Details

Land Details

  • Tillable
  • Grass
  • Pond
  • Open

Utilities

  • electric: nearby
  • water: nearby

Coordinates

40.8216, -93.0296

Annual Taxes

$0


Legal

The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.

COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.

Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.


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Listing Agent

Harlan Smith

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