15355 118th Ave, Ottumwa, IA 52501

Property Description

Tract 3 of the McDonald farm, 53 acres m/l with the house, offered at $500,000. Dwelling: built 1956, 1,474 SF, 1 story frame. Outbuildings: 1956 attached garage, 528 SF; 1980 machine shed, 2800 SF; 1966 pole shed, 2800 SF; 1955 corn crib, 900 SF; 1980 grain bin, 5000 bu; 1977 grain bin, 6300 bu; 1969 grain bin, 6800 bu; 1960 grain bin, 750 bu. The one-story ranch style dwelling has 3 bedrooms and 1.5 bathroom. Dwelling roof, siding, and windows were replaced in 2026. There is a partial unfinished basement. The updated water heater and furnace are located in the basement. A deck has recently been added on the north side of the dwelling. A portion of the machine shed has concrete floor and electricity, one sliding door on west side and two sliding doors on south side. FSA acres: 53.48. Cropland acres: 48.03. CRP acres: 22.28. CSP acres: 23.67. The CSP acres may be terminated and returned to production for the 2027 crop season. CRP contracts: 11915, 17.57 acres, $3,725.00 annual payment; 11851, 4.71 acres, $1,413.00 annual payment. Total 22.28 acres, $5,138.00 per year.