NOT LISTED FOR SALE

1009 S Mechanic St Decorah, IA 52101

Estimated Value: $229,000 - $271,086

4 Beds
2 Baths
1,144 Sq Ft
$219/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $189,000 $165 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,563/month

28 Days on Market

Highlights

  • Porch
  • Patio
  • Baseboard Heating
  • Decorah Middle School Rated A
  • Forced Air Heating System
  • Level Lot

About This Home

As of January 2023

INVEST in this upper and main unit duplex and give yourself some options! You could live in the main unit and rent out the upper unit, or live up and rent down or you could rent out both units! The main floor unit has a nice-sized living room, lots of counter space with island seating in the kitchen and plenty of dining space in this dining/kitchen combo. 2 bedrooms and 1 bath finish the main floor. Upstairs you'll find another kitchen/dining combo, living room, bath and 2 bedrooms. The 2-car garage can be accessed through the paved alley behind the home. Take a look today to start earning equity and income!

Last Agent to Sell the Property

Tade Kerndt

Viking Realtors License #B38984000 Listed on: 10/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,876

Year Built

  • Built in 1916

Lot Details

  • 6,150 Sq Ft Lot
  • Lot Dimensions are 50' x 123'
  • Level Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Asphalt Roof
  • Steel Siding

Laundry

  • Laundry on lower level
  • Washer and Gas Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • Parking Available

Outdoor Features

  • Patio
  • Porch

Schools

  • Decorah Community Schools Elementary And Middle School
  • Decorah Community Schools High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, lawn care, snow removal, trash collection
  • Assessor Parcel Number 112125401500

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $58
  • Operating Expense $4,946
  • Gross Income $15,720
  • Net Operating Income $10,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,876

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Parcel Number: 112125401500
  • Year Built: 1916
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 2nd Floor, Dryer Hookup-Gas, Lower Level, Washer Hookup
  • ResoLotFeatures: Level
  • Road Frontage Type: Paved Road
  • Co List Office Phone: 563-382-8453
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1144
  • Architectural Style: One and Three Quarter Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Below Grade Sq Ft: 728

Exterior Features

  • Construction Type: Steel
  • Exterior Features: Patio, Porch
  • Siding: Steel

Garage/Parking

  • Open Parking Spaces: 3
  • Parking Features: Detached, Assigned, Parking Area, Parking Garage

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric, Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 57.5

Schools

  • Elementary School: Decorah Community Schools
  • High School: Decorah Community Schools
  • Middle Or Junior School: Decorah Community Schools

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 50' x 123'
  • Lot Size Sq Ft: 6150

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Lawn Care, Snow Removal, Trash Collection
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 15720
  • Operating Expense: 4946
  • Number Of Units Total: 2
  • Net Operating Income: 10774

Tax Info

  • Tax Annual Amount: 2876

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Dec 27, 2022
Sold by
Lyon Edward A and Lyon Becky R
Bought by
Homstad Matthew E and Cipponeri Ashley M
Seller's Agent
Tade Kerndt
Viking Realtors
List Price
$194,900
Sold Price
$189,000
Premium/Discount to List
-$5,900
-3.03%
Views
3
Current Estimated Value
$235,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,828
Avg. Annual Appreciation
11.49%
Original Mortgage
$150,000
Outstanding Balance
$146,126
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$104,396
Source: Public Records

Range of Values:

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Average Value
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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
Homstad Matthew E $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homstad Matthew E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $189,000 -3.0% $165 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $194,900 -- $170 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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
2024 $3,120 $172,680 $20,580 $152,100
2023 $3,118 $172,680 $20,580 $152,100
2022 $2,876 $149,660 $17,150 $132,510
2021 $2,714 $142,520 $17,150 $125,370
2020 $2,714 $132,040 $17,150 $114,890
2019 $2,640 $132,040 $0 $0
2018 $2,660 $132,040 $0 $0
2017 $2,056 $97,980 $0 $0
2016 $2,024 $97,980 $0 $0
2015 $1,936 $93,750 $0 $0
2014 $1,900 $93,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20224780

Northeast Iowa Regional Board of REALTORS®

APN: 112125401500