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    S56 County Hwy Melrose, IA 50238

    Pending
    For Sale
    Contact for pricing

    Farm,Recreational - Melrose, IA

    Type:Farm
    Lot size:
    157.40 Acres
    Days on Market:
    313
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for S56 County Hwy

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Zoning
    Agriculture
    APN
    040C09300005
    Lot size
    157.40 Acres

    Building Details

    Architectural style
    Other

    Peoples Company (515) 222-1347

    Listing agent Daran Becker (515) 222-1347 License #***

    Listing date Jan 29, 2025

    MLS# 6323492 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iowa Farmland Auction - Melrose

    Located 11 miles northeast of Corydon, Iowa, this 157.4 total acres m/l farm in Wayne County features 110.91 FSA cropland acres with an average CSR2 soil rating of 49.5. The primary soil types include Seymour silt loam and Gara loam. Over 40 acres consist of mature oak and hickory timber, creating a habitat for whitetail deer and wild turkeys. The property is located in Section 9 of Wright Township on paved County Highway S56. The farm is leased for the 2025 farming season. Situated a few miles from Rathbun Lake, the property offers access to fishing, boating, and golfing opportunities. It presents a location to build a home with paved access, income potential, and recreational opportunities. Located in a strong farming area, the farm benefits from proximity to grain markets. The property will be sold at auction on Friday, January 24th, 2025, at the Wayne County Fair Event Center in Corydon, Iowa. Virtual online auction and online bidding options are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Melrose
    County
    Monroe
    State
    Iowa
    Longitude
    -93.167266275024
    Latitude
    40.874457182903

    Nearby Similar for Sale

    • $184,500

      Home with Rathbun Lake Views

      Home in Indian Ridge Subdivision with views of Rathbun Lake.
      112 Arrowhead Rd, Melrose, IA 52569
      View Details

    FAQs

    What type of property is this?
    Farm - 157.4 acres m/l Wayne County farmland for sale.
    Where is this farm located?
    The property is located at S56 County Hwy Melrose, IA.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - 110.91 FSA cropland acres with an average CSR2 soil rating of 49.5, featuring Seymour silt loam and Gara loam.; - Over 40 acres of mature oak and hickory timber ideal for hunting whitetail deer and wild turkeys.; - Located near Rathbun Lake, offering fishing, boating, and golfing opportunities.
    (515) 222-1347
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    S56 County Hwy Melrose, IA 50238
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    Melrose, IA 50238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    S56 County Hwy Melrose, IA 50238
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