$1,532 Closing Credit¹
#2500436, Breiana Schoeneman, Listing Office: COLDWELL BANKER HEDGES
$1,620,000 List price
709 Meadow Lane Ct SE Mount Vernon, IA 52314
$10,000
Closing credit¹
22,146 sqft
1.1 acres
$73 / sqft
Multi-Family
Property details
About 709 Meadow Lane Ct SE
Discover a hidden gem in the City of Mt. Vernon, Iowa. This 24-unit complex has been updated as needed, featuring 22 two-bedroom, one-bath units and two one-bedroom 1 bath units. The two-bedroom units average 900 square feet, while the one-bedroom units are around 700 square feet. There are also 12 detached garages, all of which are currently rented. This property presents a great value-add opportunity, as we have consistently demonstrated annual rent increases. With a low turnover rate among tenants, rent increases have been steady, albeit slow. There is still potential for further improvements and continued rental growth.
Highlights
Home typeMulti Family
HeatingHot Water
StatusActive
CoolingWall/Window Unit(s)
Size22,146 sqft
BasementYes
Lot size1.09 Acres
Year built1973
MLS #2500797
Virtual tour
Summary
- MLS Number: 2500797
- MLS Name: CDR
- Office Name: LEPIC-KROEGER, REALTORS
- Office Phone: (319) 351-8811
- Office Email: erik@lkriowa.com
- Listing Agent: Matthew Lepic
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,620,000
709 Meadow Lane Ct SE
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $674,800 | $10,664 |
| 2021 | $508,500 | $11,368 |
History based on county public records data.
Nearby schools
4
Washington Elementary School
Public District PK-4
0.7 mi
•615 5th Ave SW
8
Lisbon Elementary School
Public District KG-6
1.2 mi
•235 W School St
7
North Cedar Mechanicsville Elementary Center
Public District PK-6
8.4 mi
•609 125th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $85,960. Residents of Mount Vernon, IA typically earn between $100k-200k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
34%
35k-100k
37%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
8%
Single, with Kids
33%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
17%
18-34 yrs old
44%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 709 Meadow Lane Ct SE in Mount Vernon, IA and zip code 52314. This 22,146 square foot home, which was built in 1973, sits on a 1.09 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 2, 2025 and is currently priced at $1,620,000.
In January 2025 more than 1 listings in Mount Vernon, IA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below. The number of homes for sale in Mount Vernon, IA increased by 42.9% between December and January 2025. In January 2025, listings were on the market for 0 days. During the same period, the median list price in this real estate market was $354,995.
From Rocket Homes Real Estate and based on county public records data.