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2851 Ocean Ave, Greene, IA, 50636

2beds
2baths
1,020sqft
$1,125,000
$1,103price/sqft
$8,707/moest. monthly cost
$348,280/yrincome needed

About This Home

Floyd County, Iowa Farmland & Recreational Property – Presenting 160 acres m/l of income-producing, recreational farmland located just 3.5 miles northeast of Greene, Iowa, in Section 20 of Pleasant Grove Township. This well-rounded property features a diverse mix of CRP, row crop, and mature timber, making it an excellent opportunity for both investors and outdoorsmen. The farm includes 106.42 FSA cropland acres, with 71.32 acres currently enrolled in the Conservation Reserve Program (CRP) and an estimated 24.71 acres in row crop production. The tillable acres carry a CSR2 soil rating of 58.4. The CRP acres generate a total annual income of $19,834 through multiple contracts: 24.1 acres enrolled in CP21 paying $380/acre, expiring in 2053 34.32 acres enrolled in CP42 paying $219.06/acre, expiring in 2026 12.9 acres enrolled in CP42 paying $244.83/acre, expiring in 2025 In addition to the tillable and CRP acres, the property features mature timber and a creek that winds through the farm, providing year-round water for wildlife. The property also includes a 2-bedroom, 1.5-bathroom home built in 2012 with 1,020 sq ft of living area. The interior of the house remains unfinished, presenting the opportunity to customize it as a hunting cabin or finish it as a full-time residence. Additional outbuildings on the property provide storage and utility for farming or recreational use. The dwelling will sell as-is.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Allison Elementary BuildingGrades PK-613.1 mi
6/10
North Butler High SchoolGrades 7-123.7 mi

Construction

Condition

  • Year built: 2012

Materials

  • Roof: Asphalt,Shingle

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Dining Area

Heating

  • Heating features: Propane

Interior Area

  • Total structure area: 1,020
  • Total interior livable area: 1,020 sqft

Property

Details

  • Parcel number: 152040000200
  • Zoning: Ag

Features

  • Stories: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Cold Wave
Drought
Hail
Inland Flooding
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,688$68,256
Home Insurance *$1,418$17,016
Property Taxes $1,480$17,760
Electricity $121$1,452
Total$8,707$104,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$298,525/yr
40% on housing$261,210/yr
45% on housing$232,186/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,103This listing

vs Other Active Listings

Avg $/sqft

ZIP 50636$69
Floyd County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 50636
Floyd County$83

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-13Listed for sale$1,125,000
2003-10-07Sold$95,000

For Sale by Agent

AgentDaran Becker
BrokeragePeoples Company

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