STORY COUNTY: 156 ACRES M/L
Updated: Sep 15
STORY COUNTY
LAND FOR SALE
156 ACRES M/L
LISTING AGENTS:
LISTING # 26128
DRONE AND MORE PHOTOS
COMING SOON
PRICE: $8,500/ACRE
DESCRIPTION: 156 acres m/l of north-central Story County land is currently offered for sale. This property consists of 156 acres m/l, with 151.67 taxable acres m/l and 136.72 cropland acres m/l. This property has a CSR2 of 78.4, with the county average CSR2 being 80.2.
DIRECTIONS: From Roland, Iowa, go north on County Blacktop R-77/600th Avenue and follow it north for one mile. Turn east and drive on 115th Street for .75 mile. The property is located on the north side of the road and at the intersection of 115th Street and 610th Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: East One-Half of the Southeast Quarter (E1/2 SE1/4) of Section Two (2) and the East One-Half of the Northeast Quarter (E1/2 NE1/4) of Section Eleven (11), Township Eight-five (85) North, Range Twenty-three (23), West of the 5th P.M., Story County, Iowa, Except Parcel 011200480. Please refer to the abstract or survey for exact legal description.
FARM PROGRAM INFORMATION ESTIMATES:
Cropland: 136.72 acres
Corn Base: 73.07 acres PLC Yield: 147 bu.
Bean Base: 16 acres PLC Yield: 40 bu.
Portions of this farm are classified as Highly Erodible Land. This farm contains a wetland or a farmed wetland.
This property has 27.66 acres of CRP: 5.03 acres m/l bid in at $2,162/year or $429.89/acre until 2029, 19.23 acres m/l bid in at $4,057/year or $211/acre until 2030, and 3.4 acres m/l bid in at $1,020/year or $300/acre until 2032. This farm also has 2.06 acres m/l of MPL paying $885/year or $429.89/acre until 2029.
FARM LEASE: This property is leased for 2026. Lease for 2027 has been terminated.
IMPROVEMENTS: This tract is unimproved except for a pond, field drainage tile, and perimeter fence.
TAXES: $5,540/year (Est.) Taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This property will be sold as one individual tract of 156 acres m/l.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 10% earnest money payment is required with all offers. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, which will occur 30 days after acceptance of an offer by all parties.
CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs on advertised tract only.
CLOSING: Closing will occur after on whatever date is negotiated by buyer and seller. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs on advertised tract only.
CLOSING AGENT: Heartland Title & Closing Services, LLC
SELLERS: Londell R. Strum Revocable Trust
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged to perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. Seller reserves the right to accept or reject any and all offers.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.