01 N 115th Avenue W Melbourne, IA $ 1
01 N 115th Avenue W
$ 1
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01 N 115th Avenue W

Melbourne, IA, 50162
$ 1
Baths0.0

Monthly Estimate*

$ 0

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Studio

Lots and Land for sale in Melbourne, IA

for $1. The lot size is 132.32.

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.

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Lots and Land Active

Price

$ 1

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,250

Style

Lot Size

132.32

Town/City

Melbourne

County/Region

Marshall

MLS | Web ID

741353

List By
Matt Adams

Listing Agent

Peoples Company

Broker

Matt@PeoplesCompany.com

Email

Affordability Calculator

$271
Per Month
0%
100%
0%
Monthly Principal & Interest
$0
Monthly Property Taxes
$271
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1 Listed Price

Map


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01 N 115th Avenue W, Melbourne, IA, 50162 is a Lots and Land for sale at $1 with a lot size of 132.32. 01 N 115th Avenue W is a studio with 0.0 baths. The property's zip code is 50162 which is in Melbourne, IA