Adair, IA 50002,0000 Hickory Avenue
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Adair, IA 50002,0000 Hickory Avenue
Adair, IA 50002,0000 Hickory Avenue
Adair, IA 50002,0000 Hickory Avenue
Adair, IA 50002,0000 Hickory Avenue

$605,000

Est. payment /mo

$631,125

4.1%
Est.Price: ?

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0000 Hickory Avenue Adair, IA 50002

76.5 Acres Lot

SOLD DATE : 07/15/2025

Key Details

Sold Price $605,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 714474

Sold Date 07/15/25

HOA Y/N No

Annual Tax Amount $1,785

Tax Year 2023

Lot Size 76.500 Acres

Acres 76.5

Property Description

Don't miss this solid, income-producing asset with long-term upside!! This 76.5-acre Guthrie County farm offering income, potential, and flexibility. With 76.67 farmland acres and 71.56 cropland acres, this rolling tract features quality soils (Sharpsburg, Colo, Shelby, and others) and a CSR2 of 59. Currently leased for 2025, the farm generates $12,000 in cash rent, plus $313.88 from 3.5 CRP acres enrolled through 9/30/25. Total 2025 gross income: $12,313.88. Property taxes are $1,720. Lease opens in 2026, offering income upside. According to Iowa State's 2024 Cash Rent Survey, Guthrie County averages range from $216–$263/acre for mid quality farms, presenting an opportunity for increased income. The farm was planted to corn in 2024 and has been maintained in a corn/soybean rotation. Lime was applied in 2024. Great fencing on the North & East property lines, over 700 ft of gravel road frontage, and good access make this an attractive addition to any operation or investment portfolio. The current tenant is not offering a buyout for 2025.

Location

State IA

County Guthrie

Area Adair

Zoning AG

Interior

Fireplace No

Exterior

Utilities Available Electricity Available

Private Pool No

Building

Lot Description Flat, Rectangular Lot

Schools

School District Adair-Casey

Others

Tax ID 0000387101; 0000387200

Monthly Total Fees $148

Acceptable Financing Cash, Conventional, Contract, USDA Loan

Listing Terms Cash, Conventional, Contract, USDA Loan

Financing Cash

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Listed by Kiloterra
Bought with Kiloterra
Steve Stych

Steve Stych

Agent | License ID: 505543

+1(515) 518-8538

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