Properties

Story County Development Land Available - Pleased to present 51.82 surveyed acres within the City of Maxwell, Iowa. The land will be offered in 2 tracts through a Sealed Bid Auction with bids due at 1:00 PM (CST) on Thursday, November 21st, 2024. The tracts are slated for residential development within growing Story County.Tract 1: 11.57 surveyed acres, zoned R-2 - Mixed ResidentialTract 2: 40.25 surveyed acres, zoned R-S - Suburban ResidentialThe city of Maxwell is ready to work with a developer on the property and poised for growth with close proximity to Ankeny and Ames. Maxwell provides small-town living and great schools. Collins-Maxwell school district is highly desirable to young families, providing small class sizes, personalized learning and many opportunities to participate in sports and activities.Details*Buyer should conduct their own due diligence to verify zoning, future use and water/utility access.Tract 1 is 11.57 surveyed acres of future residential development land in the city limits of Maxwell. It is currently zoned R2 - Mixed Residential which would allow for single-family or two-family dwellings (see attached Maxwell Code). A concept plan has been completed that would allow for 30 individual lots (see attached concept plan). The City of Maxwell has an existing 6'' water main and an existing 8'' sewer main along Rock Creek Drive (see attached maps).This tract currently has approximately 9.27 acres of tillable land carrying a CSR2 of 59.4. The current farmer has done an excellent job and would like to continue to work with the new owner. The farm lease is open for development or cropping in 2025. Tract 2 is 40.25 surveyed acres of future residential development land in the city limits of Maxwell. The land is currently zoned R-S Suburban Residential (see attachments for Maxwell Code). A concept plan has been completed that would allow for 19 individual lots (see attached concept plan). The City of Maxwell has an existing 6'' water main along Rock Creek Drive (see attached map). Tract 2 also has the potential for an executive building site with multiple building sites backing up to the recreational acres. This tract currently has approximately 22.85 acres of tillable land carrying a CSR2 of 78.6. Primary soil types include Farrar Fine Sandy Loam, Clarion Loam & Webster Clay Loam. The current farmer has done an excellent job and would like to continue to work with the new owner. The farm lease is open for development or cropping in 2025. The laterals of 1200 Rock Creek Drive encroach onto Tract 2. Contact agents for details.

Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.