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1537 360th St
Decorah, IA 52101
Cody Schweinefus with High Point Land Company, LLC, original listing - (507) 218-1243
$1,300,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
1938 Square Feet
Property Description
Located in Winneshiek County, Iowa, lays this beautiful 76+/- acre hunting haven. This turn-key hunting farm is perfectly nestled in a secluded valley off a dead-end road. The property offers an income-generating CRP contract, as well as lease opportunities with hunting, AIR BNB, VRBO, and equipment storage in the outbuildings! Down a gated, hard surface paved drive you will find a beautiful 1,928 SF 1-story log cabin-style home with many recent improvements equipped with an attached 2-stall garage. The home features 4 beds and 3 baths with a finished basement and a stunning outdoor paver patio and pergola. Just down from the house sits a 900 SF detached garage with a spacious living quarters. Down the hill from the house sits a 3rd structure, a 38'x54' steel utility building ideal for storing equipment for maintaining the property. This property has a great deer and turkey history with several mature bucks on trail camera year after year in an excellent management-minded neighborhood. This property serves as a safe haven when the crops to the North and West are harvested annually as well as a cruising route during the rut. The property spreads out great, north to south allowing it to separate and hold multiple mature bucks. There is an excellent trail system that allows access to every portion of the property with ease for ingress, egress, or recovery. Within the secluded timber lays multiple early legumes and late-season grain food plots. Each of these food plots is equipped with box blinds and tree stands in locations suitable to hunt from any wind direction. With any great hunting farm, it has to have water to be great. Within the property lies two in-ground watering holes as well as a small creek supporting it. Another added bonus to this property type and location is the potential rental opportunity for this property to generate substantial income. Northeast Iowa is home to many high-quality, high-density stocked and naturally reproducing hard-bottom trout streams around Highlandville, IA. There are also many attractions including breweries, wineries, and event centers outside of Decorah, IA bringing thousands of people from the Midwest to this beautiful drift-less area annually. It is estimated that this property has the potential opportunity to gross over $100,000 in rental income annually making it an excellent chance to purchase this property as an investment or assist in financing when approved as an income-producing asset by one of many local banks. Property Address: 1537 360th St, Decorah, IA 52101 Property Features: -Income producing investment -Log cabin house -Detached garage with above living quarters -38'x54' steel utility building -Excellent hunting farm -Secluded -Multiple early and late-season food plot locations -Multiple deer blinds and stands -Turn-key recreational farm -Water sources
Property Information
Lot Size
76 acre(s) square ft
Property Type
Farm-Farm
Year Built
2004
MLS Number
--
Location
Address
1537 360th St
City
Decorah
State
IA
Zip Code
52101
County
WINNESHIEK
Listing
Provider
High Point Land Company, LLC, original listing
Name
Phone
(507) 218-1243
Office Name
Office Phone
(507) 218-1243
Agent Name
Cody Schweinefus
Agency Phone
(507) 218-1243

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.