01 N 115th Avenue W, Melbourne, IA 50162
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
01 N 115th Avenue W,Melbourne, IA 50162
$1
- 132.32 Acres
- Lots / Land
- Active
Listed by: matt adams, andrew zellmer
Office: peoples company
MLS#:741353
Source:IA_DMAAR
Price summary
- Price:$1
About this home
Jasper County, Iowa Farmland Auction – Mark your calendars for Wednesday, June 10th, 2026, at 10:00 AM CST! Pleased to represent the Merna J Rusk Estate in the sale of 459.40 gross acres m/l in Jasper County, Iowa. The farm consists of four productive, tillable farmland tracts located immediately east & northeast of Newton, Iowa in Jasper County, Iowa.
Tract 1 consists of 132.32 gross acres m/l with 61.96 FSA cropland acres and an average CSR2 soil rating of 57.1. Primary soil types include Ackmore silty loam, Downs silty loam, and Tama silty clay loam. These cropland acres are classified as HEL (Highly Erodible Land). Snipe Creek winds through the northeast corner of the property. The farm lies on the Jasper / Marshall County line and is located northeast of Baxter, Iowa, in Section 4 of Malaka Township, Jasper County, Iowa. Access is from the north off North 115th Avenue West / 310th Street.
Tract 1 Farm Lease:
The farm is leased for the 2026 farming season, and an early lease termination has been agreed upon with the current farm lease terminating on Thursday, December 31st, 2026, or upon removal of all crops from the property, whichever occurs first. Tract 1 has 58 total acres leased. The yearly total cash rent for Tract 1 is $17,400, and the Sellers will retain the first half rental payment of $8,700. The second half rental payment for Tract 1 is $8,700 and is due to the new Buyer on or before September 1st, 2026. Contact the listing agents for more info....
Contact an agent
Home facts
- Listing ID #:741353
- Added:2 day(s) ago
- Updated:May 24, 2026 at 02:48 PM
Structure and exterior
- Lot area:132.32 Acres
Finances and disclosures
- Price:$1
- Tax amount:$3,250
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