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Tbd 1 Inland Rd Road
Forest City, MO 64473
Tyler Derr with BHHS Stein & Summers, original listing - (816) 232-2000
$516,557
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Hard to find small tract of MO River Bottomland ripe for a new farmer, waterfowl development, or investors looking to diversify their portfolio!!! This property consists of 37+/- acres TBD by survey. Approximately 30 of which are highly tillable Class II soils consisting of Blencoe Silty Clay making this farm 81% tillable. This is premier Missouri River bottom ground with 0-2% slopes and has recently been ditched to ensure proper drainage. 2023 Corn crop produced 250 b/u and has a strong yield year over year. There are approximately 7 acres of lower lying wooded acres that would support intentional flooding for waterfowl hunting. The current owner is interested in cash renting the farming rights from a new owner at a rate of $300 per tillable acre for an annual return of $9,000 on the crop rights. The location of this farm is centered in one of the heaviest waterfowl flyways in NW Missouri. Sitting directly between Loess Bluffs Wildlife Refuge (formerly Squaw Creek) and Bob Brown Conservation Area, this property could easily be developed into a world class waterfowl property since electrical access is nearby. This property sits off of any public roads so it would provide the needed seclusion to make it a top-notch waterfowl property. On years when corn is in the crop rotation, thousands of ducks and geese use this specific field year in and year out for feeding. Even without additional development this property can and will offer plenty of waterfowl hunting opportunities. There is potential for additional revenue from hunting. Many other landowners lease their dry fields to outfitters for hunting in the fall and spring. If developed, many places with flooded corn and blinds bring anywhere from $10,000 to $15,000 and sometime more for waterfowl leases in this area which would provide an even greater ROI. Additional acreage available. Check other 40+/-ac listing.
Property Information
Lot Size
37 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
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Location
Address
Tbd 1 Inland Rd Road
City
Forest City
State
MO
Zip Code
64473
County
HOLT
Listing
Name
Phone
(816) 387-3158
Office Name
Office Phone
(816) 232-2000
Agent Name
Tyler Derr
Agency Phone
(816) 232-2000

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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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.