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1st RD Leroy, KS 66857
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Key Details
Sold Price $2,284,750
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2406354
Sold Date 02/21/23
Annual Tax Amount $4,606
Lot Size 481.000 Acres
Acres 481.0
Property Sub-Type Land
Source hmls
Property Description
idwest Land Group is proud to present this very rare, highly tillable farm of 481 acres of Class II and III Fertile Neosho River bottom crop ground. Located in southern Coffey County just 2 miles off of Highway 58 sits this 481 acre farm of rich Neosho bottom ground tillable. Of 481 surveyed acres there are 458.31 that are in tillable production and currently have a strong cash rent agreement with a very reliable and topnotch tenant.
The 2022 crop is currently planted with a healthy stand of soybeans. The soil consists of 291 acres of class II Verdigris silt loam, Osage silty clay, and Lanton silty clay loam, along with 190 acres of class III Osage Silty clay, they will be sure to produce above-average yields year after year. This particular tract is far enough away from the Neosho River that you won't have to worry about flooding but close enough to have rich soils. This spring the current tenant applied 2.5 tons of lime per acre and spent $10,000 to improve the drainages to make this a top-notch tillable farm and help improve production.
After row crops are harvested the superb no-till tenant typically plants a cover crop to improve the farm and soil. Cover crops improve the quality of the soil, stability, nutrient retention, decrease soil loss and runoff, and fights erosion. The current tenant is consistently improving the quality of this tract.
Location
State KS
County Coffey
Zoning ag
Interior
Fireplace N
Building
Sewer No Sewer
Water No Water
Schools
School District Burlington
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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