NOT LISTED FOR SALE

987 W Mount Vernon Rd Mount Vernon, IA 52314

Estimated Value: $455,000 - $525,000

1 Bed
1 Bath
792 Sq Ft
$608/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $465,000 $587 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,786/month

19 Days on Market

Highlights

  • Lot Has A Rolling Slope
  • Mount Vernon Middle School Rated A-
  • Farm

About This Home

As of August 2024

9.54 acres, m/l, located 2 miles northwest of Mt. Vernon, IA on the east side of W. Mt. Vernon Rd. This property includes a new and fully modern, 22' by 36' cabin that not only offers cozy living quarters but also promises to serve as an ideal workshop in the future. The great room combines kitchenette, living room and bedroom. A 30-gallon, electric water heater supplies hot water for the kitchenette and private bathroom. All electric lines have been installed and buried. In the event of a power outage, an 18 kw generator is ready to provide electricity. The fully insulated cabin is heated and cooled by a heat pump equipped with a mini-split. Beyond the cabin, a cement pad is prepared for a wood boiler to be purchased and generate in-floor heat. Abundant fire wood is available on the property. A lighted driveway runs from the hard-surfaced road to the cabin, waiting to light your way home. There is a new, 24' by 36' pole barn currently used for equipment storage. A pond was built on the property and prepared for a beach to be added. Pond aerator and circulation pump will stay with the property. A unique property offering endless potential and a peaceful retreat just minutes from Mt. Vernon, along a hard-surfaced road.

Last Agent to Sell the Property

Doug Hensley

Hertz Real Estate Services License #*** Listed on: 06/21/2024

Last Buyer's Agent

Doug Hensley

Hertz Real Estate Services License #*** Listed on: 06/21/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 2022

Lot Details

  • 9.54 Acre Lot
  • Lot Has A Rolling Slope
  • Property is zoned Agriculture

Home Design

  • Farm

Property Details

Property Type

Other

Est. Annual Taxes

$1,778

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Legal Description: Lot 1, Hoke Farms, Inc. Second Addition to Linn County, Iowa.
  • Year Built: 2022
  • OFFICELIST_ADDRESS: 987 W Mt. Vernon Rd.
  • Distribute To Internet: Yes
  • List Office I D: 1113
  • Sales Office I D: 1113
  • Selling Agent: 4205
  • Building Style: Other
  • Special Features: NewHome
  • Property Sub Type: Other

Interior Features

  • Living Area Units: Square Feet
  • Fireplace: No

Exterior Features

  • Foundation Size: 792

Fee Information

  • Tax Class: FARM

Lot Info

  • Acres: 9.54
  • Geo Update Timestamp: 2024-06-21
  • Assessment Pending: No
  • Lot Size Sq Ft: 415562.4
  • Lot Size Units: Acres
  • Zoning: Agriculture, Residential-Single Family
  • Topography: Rolling

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 1778
  • Net Taxes: 1778

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Aug 7, 2024
Sold by
Nelson Eric A
Bought by
Cordes John D
Seller's Agent
Doug Hensley
Hertz Real Estate Services
Buyer's Agent
Doug Hensley
Hertz Real Estate Services
List Price
$524,900
Sold Price
$465,000
Premium/Discount to List
-$59,900
-11.41%
Views
455
Current Estimated Value
$481,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,667
Avg. Annual Appreciation
3.58%
Original Mortgage
$346,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2021
Sold by
Vitense Molly and Vitense Molly B
Bought by
Nelson Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,678
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2020
Sold by
Zarifkar Mehrdad and Zarifkar Tiffany L
Bought by
Nelson Eric A and Vitense Molly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,559
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cordes John D $465,000 None Listed On Document
Nelson Eric A -- None Available
Nelson Eric A $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordes John D $726,000
Closed Cordes John D $346,000
Previous Owner Nelson Eric A $124,000
Previous Owner Nelson Eric A $209,678
Previous Owner Nelson Eric A $674,000
Previous Owner Nelson Eric A $223,559
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $465,000 -7.0% $587 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/03/2024 07/03/24 Price Changed $499,900 -4.8% $631 / Sq Ft
06/21/2024 06/21/24 For Sale $524,900 -- $663 / Sq Ft
Source: NoCoast MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,778 $272,400 $121,500 $150,900
2022 $177,800 $113,400 $106,500 $6,900
2021 $1,464 $95,600 $95,600 $0
2020 $1,100 $66,800 $66,800 $0
2019 $1,078 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6318592

NoCoast MLS

APN: 16323-26002-00000