Home for Sale at 2432 Wintergreen Boulevard, Lockridge, IA 52635

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2432 Wintergreen Boulevard
Lockridge, IA 52635

Nathan Lee with United Country-Promised land and homes, original listing - (515) 300-5263

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Property Details

List Price:	$4,600,000
Beds:	4
Baths:	Full: 1, ¾: 1
Status:	Active
SqFt:	1813 Square Feet
Agency:	United Country-Promised land and homes
Agency Phone:	(515) 300-5263

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Description/Comments

Lot Size:	723 acre(s)
Property Type:	Farm-Farm
Year Built:	1900
Notes:	If your dream is to own a hunting and income producing farm in the middle of big buck country in southern Iowa, look no further. This is a must-see 723 Acre property in Jefferson County. Currently 142 acres are being farmed at $200 per acre producing $28,400 annually. The CRP contracts currently produce $54,440 with re-enrollment of buffer strips producing an additional $13,016 annually. Making 518 acres of this property income producing totaling $95,456 annually. A hunting lease for an additional $10,000+ is doable. 1/2 of the CRP maintenance was done last spring producing amazing results. The rest will be burned this spring of 2025. The property has road frontage access on the East, West & North side allowing multiple access points to the rolling timber draws throughout this property. The property allows for abundant hunting opportunities for the giant bucks this area is known for. The surrounding parcels of timber feed into this property on multiple sides. With mature deer on the property, 3 ponds, 6 premium redneck and banks elevated blinds, tree stands, and everything needed to be a turnkey hunting property. 16 Acres of food plots allowed to be planted every year making hunting season exceptional. Plenty of hardwood timber throughout with value. 4 bedroom, 2 bath furnished home with garage and building included in the purchase price. Buying without the home and the NW 43 acres is an option.
MlsNumber:	--
ListingId:	6324360

Listing Provided By:	United Country-Promised land and homes, original listing
Phone:	(515) 300-5263
Office Phone:	(515) 300-5263
Agent Name:	Nathan Lee
Disclaimer:	Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

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.

Foreclosure Listings Increasing

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing