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5831 Vernon Ln

Edina, MN 55436

3 bd 3 ba 3,477 sqft Built 2023 Lot 4,792 sqft townhomes
Most recent sale
$700,000
Aug 19, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 19, 2023 Sold $1,451,000 NorthstarMLS
Nov 4, 2022 Price changed $1,425,000 NorthstarMLS
Jun 2, 2022 Listed $1,399,900 MLS #6206122
Feb 6, 2022 Relisted $1,399,900 MLS #6143252
Jan 18, 2022 Listed $1,399,900 MLS #6143252
Aug 19, 2021 Sold $700,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $1,009,900 $365,000 $1,374,900 $19,535
2024 $200,000 $300,000 $500,000 $5,986
2023 $230,000 $230,000 $3,347
2022 $210,000 $210,000 $3,253
2021 $210,000 $210,000 $3,263
2020 $210,000 $210,000 $3,561
2019 $225,000 $225,000 $3,162
2018 $200,000 $200,000 $3,239
2017 $200,000 $200,000 $3,318
2016 $200,000 $200,000 $3,030
2015 $180,000 $180,000 $3,207
2014 $198,600 $198,600 $3,374
2013 $198,600 $198,600 $3,322
2012 $198,600 $198,600 $3,416
2011 $209,000 $209,000 $3,110
2010 $209,000 $209,000 $3,019
2009 $220,000 $220,000 $2,889
2008 $220,000 $220,000 $2,508
2007 $172,500 $172,500 $2,166

Property facts

Year built
2023
Property type
townhomes
Stories
1
Beds
3
Baths
3
Living area
3,477 sqft
Lot size
4,792 sqft
ZIP code
55436
City
Edina
Street
Vernon Ln
Coordinates
44.90058, -93.37524

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$5,216
Gross rental yield
8.94%
Implied cap rate
5.81%
Trend-extrapolated value

Frequently asked questions

When did 5831 Vernon Ln last sell?
5831 Vernon Ln most recently sold on Aug 19, 2021 for $700,000.
What is the current tax assessment for 5831 Vernon Ln?
The most recent total assessment for 5831 Vernon Ln (year 2025) is $1,374,900 with $19,535 in property tax.
How does 5831 Vernon Ln's assessment compare to its last sale price?
The current assessment is 96.4% above the last sale price of $700,000.
When was 5831 Vernon Ln built?
5831 Vernon Ln was built in 2023.
How does 5831 Vernon Ln compare to others on Vernon Ln?
We track 1 other property on Vernon Ln. Browse the list under "Other properties on Vernon Ln" to compare beds, baths, and sale history.
What are the property facts for 5831 Vernon Ln?
5831 Vernon Ln is a 3 bed, 3 bath, 3,477 sqft, 4,792 sqft lot townhomes.
Is 5831 Vernon Ln a flip candidate?
Yes — 5831 Vernon Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 5831 Vernon Ln a tax-appeal candidate?
No — 5831 Vernon Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.2%
Implied 1-yr
+12.6%
2026 Q3
$1.31M
2026 Q4
$1.34M
ZIP 55436 — Median Price History + Forecast

Explore nearby

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