Prescott, IA 50859 - Adams County

PRICE: $1,765,000

TAXES: $2,942/annually Taxes are for land only and do not include new home Adams County Treasurer

LAND USE: Approximately 233 tillable acres currently enrolled in the Conservation Reserve Program, with remainder in mostly timber Adams County FSA

CSR DATA: Avg. 49.2 USDA Websoil Survey

CRP DATA: 233.1 acres at $80=$18,648 annually expiring in 9/2012 Adams County FSA

POSSESSION: At closing may be subject to a farm tenancy

LOCATION: Approximately 8 miles North and 2 miles West of Prescott, Iowa

TERMS: Cash, Payable upon closing

LEGAL DESCRIPTION: The S1/2NE1/4 and the SE1/4 of Section 9, AND the W 1/2SW1/4 of Section 10, all in T-73-N, R-33-W of the 5th P.M., Adams County Iowa and more specifically described by the abstract

BEDROOMS: 2

BATHS: 1 1/2

SQUARE FEET: 1512 sq ft finished

YEAR BUILT: 2011

UTILITIES: Forced air LP/Central air, in floor heat, wood stove for secondary heat source, rural water, septic

SIDING: Hardboard

ROOF: Asphalt

GARAGE: 2+ attached with in floor heat

BUILDINGS: Playhouse with loft, running water and ceiling fan with light kit.

INTERIOR FEATURES: Six panel oak doors, crown molding, central vac, main level laundry with built in cabinets, built in desk area, recessed lighting, on demand hot water heater, kitchen pantry, covered deck with ceiling fans, underground storm shelter

Newly constructed home that sets back off the road for privacy and seclusion. This warm and inviting home has some great features and one of a kind views. The Conservation Reserve Program is set to expire in 2012, opening up several choices to the new owner. Whether you increase the income potential on this farm by converting CRP acres into row crop production, or re-bid the land into CRP at what have recently been much higher rates, the potential to increase the income on this farm is there.