709 & 711 Meadow Lane Ct SE, Mount Vernon, IA 52314

Off Market May 2025 for $1.5M

—

•

4 ba

•

22,146

sq ft

709 & 711 Meadow Lane Ct SE, Mount Vernon, IA 52314

About this home

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.

Multi-familyProperty Type

1971Year Built

$68Price/Sq.Ft.

4 spacesParking

Listed by Matthew Lepic • Lepic-Kroeger, REALTORS

Bought with Matthew Lepic • Lepic-Kroeger, REALTORS

Redfin checked: 2 minutes ago

•Source:ICAARMLS #202500847

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 52314, IA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.6%

+0.3% MoM

Median sale price

$370K

$2K MoM

Avg. days on market

57d

12 days MoM

Recently sold homes

4 MoM

New listings for sale

$200,000
3 beds1.5 baths1,329 sq ft
313 2nd St St NW, Mount Vernon, IA 52314
$650,000
5 beds3 baths4,069 sq ft
1410 10th St St SW, Mount Vernon, IA 52314
See all

Provided by Redfin

Sale history for 709 & 711 Meadow Lane Ct SE

Date

Event

Price

CRAAR, CDRMLS #2500797

May 12, 2025

Sold

$1,500,000

$68/sq ft

Mar 15, 2025

Pending

—

Feb 7, 2025

Relisted

—

Feb 6, 2025

Pending

—

Feb 1, 2025

Listed

$1,620,000

$73/sq ft

+45

ICAARMLS #202500847

May 12, 2025

Sold

$1,500,000

$68/sq ft

Mar 15, 2025

Contingent

—

Feb 7, 2025

Relisted

—

Feb 6, 2025

Contingent

—

Feb 1, 2025

Listed

$1,620,000

$73/sq ft

Tax history for 709 & 711 Meadow Lane Ct SE

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.45 Acres

Year renovated

—

Sq. Ft.

11,073

Year built

—

Style

Other

County

Linn County

APN

17104-54005-00000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 27, 2025.

Property details

Parking

Parking/Garage Information
# of Parking Spaces Total: 4
Parking Features: Off Street, On Street

Interior

Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Steam

Interior Features
Appliances: Microwave, Refrigerator
Flooring: Carpet, Vinyl

Room Information
Laundry Features: In Basement, Laundry Room
Has Basement
Basement Details: Partial

Exterior

Exterior Features
Exterior Features: Balcony

Building Information
Above Grade Finished Area: 22,146
Construction Materials: Brick, Frame

Property Features
Security Features: Smoke Detector(s)

Property Information
Property Type: Residential
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily

Lot Information
Lot Size Dimensions: IRR
Zoning: RES 3+

Financial

Tax Information
Tax Annual Amount: $24,842

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Unit Type 1 Information
Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $675

Unit Type 2 Information
Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $795

Unit Type 3 Information
Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $695

Unit Type 4 Information
Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $695

HOA Information
Association Fee Frequency: Annually

Schools Information
Elementary School: MtVernon
Middle Or Junior School: MtVernon
High School: MtVernon

Location Information
Directions: 1st St E, to 7th St. SE to Meadow Lane Ct SE
Subdivision Name: Bowman 3rd

Community Information
Community Features: Sidewalks, Street Lights

Public facts

Beds: —
Baths: —
Sq. Ft.: 11,073
Stories: —
Lot Size: 0.45 acres
Style: Other
Year Built: —
Year Renovated: —
County: Linn County
APN: 17104-54005-00000

Home facts updated by county records on Nov 27, 2025

Around this home

Schools

Washington Elementary School

Public PreK-4 • Assigned • 0.7mi

7/10

Mount Vernon Middle School

Public 5-8 • Assigned • 0.8mi

10/10

Mount Vernon High School

Public 9-12 • Assigned • 0.9mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 104° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Mount Vernon, IA • 52314

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 52314

$200,000

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Home values near 709 & 711 Meadow Lane Ct SE

Data from public records.

Address	Redfin Estimate
703 Meadow Lane Court Southeast, Mount Vernon, IA 3 Beds \| 2 Baths \| 1360 Sq. Ft.	$245,542
711 Meadow Lane Court Southeast, Mount Vernon, IA - Beds \| - Baths \| 7350 Sq. Ft.	—

Address	Redfin Estimate
704 Meadow Lane Court Southeast, Mount Vernon, IA 3 Beds \| 2 Baths \| 1630 Sq. Ft.	$262,922
601 3rd Street Southeast, Mount Vernon, IA 3 Beds \| 2 Baths \| 2142 Sq. Ft.	$322,409

Address	Redfin Estimate
702 Meadow Lane Court Southeast, Mount Vernon, IA 4 Beds \| 2 Baths \| 1610 Sq. Ft.	$280,662
319 3rd Street Southeast, Mount Vernon, IA 4 Beds \| 3 Baths \| 1888 Sq. Ft.	$315,262

Property information provided by ICAARMLS when last listed in 2025. This data may not match . Learn more.

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