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Listing #19839

$1,380,000

2978 Ranch Trail, Menlo, IA 50164

Overview

  • $8,674Per acre
  • 159.1Total acres M/L
  • 159.1Lot size
  • 41.72Tillable acres M/L
  • 3Bedrooms
Peoples Company is pleased to present 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. The basement has been sprayed with spray in foam insulation and has been roughed for two full bathrooms. The unfinished walkout basement provides valuable additional space and gives the next owner a blank canvas to finish how they desire. 

In addition to the home, the property includes a 40' x 60' utility shop with a concrete floor and new 14-foot doors, providing excellent space for equipment, vehicles, storage, hobbies, or a workshop. There is new underground power to the building. 

With 159.10 acres m/l, nearly 75 acres of income-producing CRP, additional cropland, diverse wildlife habitat, and an improved residence, this Guthrie County property brings together income, recreation, and country living in one complete package. 

*Guthrie County REC is the electric provider* 
*Xenia Rural Water is the rural water provider*

Land

Zoning
A-Agriculture/AD-Agriculture Dwelling
Gross Taxes
4142
Net Taxes
4142
Parcel(s)
0000150101, 0000150102, 0000150200, 0000150300, 0000150400
School district
West Central Valley School District

Building

Location

Address:
2978 Ranch Trail, Menlo, IA 50164 Get Directions
Directions:
From Menlo, Iowa: Head west out of town to Ranch Trail/County Highway P20. Turn right (north) onto Ranch Trail/County Highway P20 and continue north for 4.8 miles. The property will be to the right (east). Look for the Peoples Company sign. 

Terms

Possession
At Closing
Zoning
A-Agriculture/AD-Agriculture Dwelling
Legal description
Exact legal description to be taken from Abstract.

Cash; Conventional

Remaining terms and conditions are supplied per listing by the CMS.

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