Land for Auction in New Virginia, Iowa

New Virginia, Iowa | 120.79-Acre Farmland & Acreage Auction Mark your calendars for Friday, October 3, 2025, at 10:00 AM! Peoples Company is honored to represent the Walters Family Revocable Trust in the sale of 120.79 acres m/l and farmhouse just west of New Virginia, Iowa at the intersection of Highway G76 and 25th Avenue. The farm will be offered in three individual tracts, consisting of two bare land tracts featuring highway frontage, building sites, CRP, timber, and FSA cropland acres as well as a very well kept farmhouse on 10 acres with a great machine shed. Tract 3 consists of 10 acres m/l (surveyed 9/2/25) with a charming farmhouse and an excellent shop. The farmhouse, built in 1875, is a well-maintained 1.5-story home featuring 3 bedrooms, 1 bathroom, a spacious open living room and kitchen, a main-floor primary bedroom with laundry, a covered porch, and more. Despite its age, the home has seen numerous updates and has been exceptionally cared for through decades of ownership. The property includes an estimated 8.03 FSA cropland acres, with 2.64 acres enrolled in CRP, generating an annual payment of $661.79 and carrying a CSR2 value of 74.3. The balance offers grassland and open space with fencing, ideal for livestock. A 50' x 72' post-frame building in excellent condition provides ample storage for equipment, tools, or recreational items.