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8-79-38 Center Twp, Harlan, IA, 51537

--beds
--baths
0sqft
$1,172,625
--price/sqft
$8,479/moest. monthly cost
$339,160/yrincome needed

About This Home

We are pleased to present the Richard Petersen Farm in Shelby County, Iowa —94± acres of productive farmland located approximately 2 miles northeast of Harlan in Section 8 of Center Township. Stretching across the gently rolling landscape of western Iowa, this farm presents a rare opportunity to acquire quality ground in a tightly held agricultural area. With very little unproductive acreage and an average CSR2 of 64.5, the farm reflects the rich soils and strong productivity that have made Shelby County farmland a sought-after investment. Whether you are a local producer looking to expand your operation or an investor seeking a dependable land asset, this property offers immediate appeal and long-term potential. The farm is currently leased and planted to soybeans for the 2026 crop year and will be for the 2027 growing season. Parcels zoning includes Agricultural District and Rural Transition District. Seller plans to evaluate offers on August 31, 2026

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
4
BikeSomewhat Bikeable

Schools

Construction

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Farm

Property

Details

  • Parcel number: 831008102000
  • Zoning: Agriculture,Other

Lot

  • Lot size: 93.81 Acres
  • Lot size dimensions: Irregular

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

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Strong Wind
Drought
Heat Wave
Inland Flooding
Ice Storm
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 $5,929$71,148
Home Insurance *$1,267$15,204
Property Taxes $1,162$13,944
Electricity $121$1,452
Total$8,479$101,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$290,708/yr
40% on housing$254,370/yr
45% on housing$226,106/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: 15.9%
15.9%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 51537$106
Shelby County$100

vs Homes Sold Last Month

Median $/sqft

ZIP 51537
Shelby County$78

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
2026-06-16Listed for sale$1,172,625

For Sale by Agent

AgentChad Manz
BrokerageOuren Real Estate

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