Appanoose County Farm – SOLD for $300,000

SOLD for $300,000 or $3,750/acre

Description: 90 acres m/l of Appanoose County land for sale. This property has a unique setting being adjacent to the town of Rathbun and is 2.5 miles south of the Rathbun Lake Dam along a paved road. The cropland provides good income earnings, while the timber offers excellent habitat for wildlife. The cropland has an open lease for the 2021 crop year.

Price & Terms: $325,000 total, approximately $3,611 per acre on 90 acres. 10% down upon acceptance of offer, balance due at closing. 


Dwelling – 20435 470th Street, Centerville, Iowa 52544

  • 1.5 story home with 884 square feet of living area built in 1920. Full Seller Disclosure of Property Conditions and accompanying documents regarding the dwelling are available upon request. The dwelling is currently leased, contact agent to discuss terms of the lease or to arrange a private showing of the home.

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Listing Info & Photographs

Seller: Lowry Family

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes


FSA Data

Farm number: 1133

Tract Number: 891

FSA Cropland Acres: 60.45

Farm currently has no Base Acres or Yield History. 

Legal Description

90 acres m/l in the NW ¼ NE ¼ Except 0.10 acres of road & the NE ¼ NE ¼ West of the Railroad in Section 11, Part of the SW ¼ SE ¼ & Part of the SE ¼ SE ¼ in Section 2, all in Township 69 North, Range 18 West of the 5th P.M., Appanoose County, Iowa.

Exact Legal Description will be determined from Abstract.

Property Location

From Lake Rathbun Damn, travel southeast onto J29 Pavement and continue south for approximately 2.5 miles through the town of Rathbun and the property will be located southwest of the pavement. When entering the town of Rathbun, turn right onto Main Street and continue west .05 miles and the property will be located southeast of the gravel road. Iowa Land Sales & Farm Management for sale signs will be installed in each location.

Property Location

Sales Terms & Announcements

Method: This property is being offered for sale as an individual tract.

Contract & Earnest Payment: A 10% earnest money payment is required upon acceptance of offer and balance will be due at closing.

Closing & Possession: Closing date will be on or about 30 days upon acceptance of offer.  Possession will be granted to the buyer at closing.

Announcements: All property is sold on an “As is, Where is” basis. No warranty or guaranty, either expressed or implied, is made by the seller. Sale is subject to all covenants, leases and easements of record. Conducting inspections and due diligence is the responsibility of each party and at their own risk.

Disclaimer: Iowa Land Sales obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisers should conduct your own investigation of the property and transaction.