Property profile

0 Rock Creek Dr Maxwell, IA 50161

OFF-MARKET
Land
51.82 ac lot
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Property summary

AI-generated overview

This exceptional 51.82-acre property in Maxwell, Iowa, offers significant residential development potential. Situated in Story County, this land is divided into two tracts for sale via sealed bid auction closing November 21st, 2024, at 1:00 PM CST. Tract 1, encompassing 11.57 surveyed acres, is zoned R-2 (Mixed Residential), allowing for single-family or two-family dwellings. A concept plan outlines approximately 30 individual lots. Existing city infrastructure includes a 6" water main and an 8" sewer main along Rock Creek Drive. This tract includes roughly 9.27 acres of tillable land with a CSR2 of 59.4, currently leased with an option for development or continued cropping in 2025. Tract 2 comprises 40.25 surveyed acres, zoned R-S (Suburban Residential), and a concept plan suggests around 19 individual lots. It features approximately 22.85 acres of tillable land (CSR2 of 78.6) with primary soil types including Farrar Fine Sandy Loam, Clarion Loam, and Webster Clay Loam. Similar to Tract 1, the current farm lease allows for development or continued cropping in 2025. Tract 2 also presents opportunities for executive building sites. Note that laterals of 1200 Rock Creek Drive encroach onto Tract 2. The property's location offers small-town living with access to the highly desirable Collins-Maxwell Community School District, known for its small class sizes and diverse extracurricular activities. The property's proximity to Ankeny and Ames adds further appeal. The parcel number is 1522405001, and annual net taxes are $1,650.00. Detailed maps and zoning information are available.

Property profile

Verified
Property type Land
Lot 51.82 ac (2,257,279 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rock Creek Dr Maxwell, IA 50161
Maxwell metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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