NOT LISTED FOR SALE

309 E Main St Decorah, IA 52101

Estimated Value: $220,000 - $242,000

5 Beds
4 Baths
1,332 Sq Ft
$172/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $210,000 $158 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,441/month

39 Days on Market

Highlights

  • Deck
  • Porch
  • Heating System Uses Steam
  • Carrie Lee Elementary School Rated 9+
  • Garage

About This Home

As of July 2024

Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!

Last Agent to Sell the Property

John Sweeney

Sweeney Real Estate Brokerage Email: office@sweeneyrealestate.com License #S59906 Listed on: 04/10/2024

Last Buyer's Agent

Stacie Cooper

Sweeney Real Estate License #B40405000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,418

Year Built

  • Built in 1890

Lot Details

  • 8,364 Sq Ft Lot
  • Lot Dimensions are 68x123

Home Design

  • Quadruplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Stone Basement
  • Laundry on lower level

Parking

  • Garage
  • 4 Open Parking Spaces
  • Parking Available

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • Heating System Uses Steam

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, water
  • Assessor Parcel Number 111531200300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,418

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Parcel Number: 111531200300
  • Year Built: 1890
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.19
  • Road Frontage Type: Hard Surface Road
  • Attribution Contact: office@sweeneyrealestate.com
  • Co List Office Phone: 563-568-4170
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1332
  • Architectural Style: Two Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 616

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Garage, Parking Area, Detached

Utilities

  • Cooling: None
  • Heating: Steam
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Water - Multiple Meters
  • Water Source: City

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: 68x123
  • Lot Size Sq Ft: 8364
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jun 28, 2024
Sold by
Ws Investments Llc
Bought by
Choncoa Constantino Macario
Seller's Agent
John Sweeney
Sweeney Real Estate
Buyer's Agent
Stacie Cooper
Sweeney Real Estate
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%
Views
56
Current Estimated Value
$229,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,667
Avg. Annual Appreciation
7.88%
Original Mortgage
$220,000
Outstanding Balance
$217,392
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$12,275

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 26, 2019
Sold by
Krambeer Steven R
Bought by
Ws Investments Llc
Seller's Agent
Tade Kerndt
Viking Realtors
List Price
$119,000
Sold Price
$100,000
Premium/Discount to List
-$19,000
-15.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.03%
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
Choncoa Constantino Macario $210,000 None Listed On Document
Choncoa Constantino Macario $210,000 None Listed On Document
Ws Investments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choncoa Constantino Macario $220,000
Closed Choncoa Constantino Macario $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $210,000 -4.5% $158 / Sq Ft
05/18/2024 05/18/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $220,000 -8.3% $165 / Sq Ft
04/09/2024 04/09/24 For Sale $240,000 +140.0% $180 / Sq Ft
07/30/2019 07/30/19 Sold $100,000 -16.0% $70 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $119,000 -- $83 / 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 $2,686 $142,650 $28,590 $114,060
2023 $2,418 $142,650 $28,590 $114,060
2022 $2,758 $116,070 $23,820 $92,250
2021 $2,856 $116,070 $23,820 $92,250
2020 $2,856 $116,070 $23,820 $92,250
2019 $2,914 $110,580 $0 $0
2018 $3,154 $110,580 $0 $0
2017 $3,360 $110,580 $0 $0
2016 $3,542 $110,580 $0 $0
2015 $3,688 $110,580 $0 $0
2014 $3,914 $110,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Sweeney

    Seller's Agent in 2024

    John Sweeney

    Sweeney Real Estate

    (563) 568-4170

    2 in this area

    103 Total Sales

    John Sweeney
    Section Image
  • Stacie Cooper

    Buyer's Agent in 2024

    Stacie Cooper

    Sweeney Real Estate

    (563) 568-7373

    2 in this area

    45 Total Sales

    Stacie Cooper
    Section Image
  • Tade Kerndt

    Seller's Agent in 2019

    Tade Kerndt

    Viking Realtors

    (563) 380-1415

    27 in this area

    65 Total Sales

    Tade Kerndt
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20241353

Northeast Iowa Regional Board of REALTORS®

APN: 111531200300

Iowa Winneshiek County Decorah 52101

309 E Main St, Decorah, IA

This home is located at 309 E Main St, Decorah, IA 52101 since 10 April 2024 and is currently estimated at $229,667, approximately $172 per square foot. This property was built in 1890. 309 E Main St is a home located in Winneshiek County with nearby schools including West Side Elementary School, John Cline Elementary School, and Carrie Lee Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for 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 deemed reliable but not guaranteed.

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