Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    S56 County Hwy Melrose, IA 50238

    Pending
    For Sale
    Contact for pricing

    Other - Melrose, IA

    Type:Farm
    Lot size:
    157.40 Acres
    Days on Market:
    314
    Last Refresh:
    Dec 8 at 6:06 pm

    Property Features for S56 County Hwy

    General Information

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

    Building Details

    Architectural style
    Other

    Peoples Company (515) 961-0247

    Listing agent Daran Becker (515) 222-1347

    Listing date Jan 29, 2025

    MLS# 6323492 Listing URL

    Copyright © 2025 RLI Farm & Ranch Multiple Listing Service. 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 Near Rathbun

    Located 11 miles northeast of Corydon, Iowa, this 157.4 total acre farm is situated on paved County Highway S56 in Section 9 of Wright Township. The property features 110.91 FSA cropland acres with an average CSR2 soil rating of 49.5, consisting primarily of Seymour silt loam and Gara loam. Over 40 acres of mature oak and hickory timber provide habitat for whitetail deer and wild turkeys. The farm is leased for the 2025 farming season. Located a few miles from Rathbun Lake, the property offers access to fishing, boating, and golfing opportunities. It is suitable for building a home with paved access, income potential, and recreational opportunities. The farm is located in a strong farming area with several competing grain markets nearby. The auction will be held at the Wayne County Fair Event Center in Corydon, Iowa at 10:00 a.m. CDT on Friday, January 24th, 2025. A virtual online auction option will also be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Melrose
    County
    Monroe
    State
    Iowa
    Longitude
    -93.1553
    Latitude
    40.9063

    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 of 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, providing **excellent hunting habitat for whitetail deer and wild turkeys**.; - Located near Rathbun Lake, offering fishing, boating, and golfing opportunities.
    (515) 222-1347
    Request Owner's contact information
    S56 County Hwy Melrose, IA 50238
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    S56 County Hwy
    Melrose, IA 50238
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

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

    Relative

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.