$80,000
SOLD AUG 19, 2019

404 E Broadway St Decorah, IA 52101

-- Bed
-- Bath
1,348 Sq Ft
7,878 Sq Ft Lot

Recently Sold

$59 Per Sq Ft

10% Below List Price

34 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Laundry Room
  • Heating System Uses Steam
  • Carrie Lee Elementary School Rated 9+
  • Garage
  • Wood Siding

About This Home

As of June 2024

Looking for more income? Want a place that is just a mere 2 blocks from downtown & near schools, churches & shopping? This duplex can check all those things off your list! The great part about this property is that each side is split in half - the tenant has an upstairs and a main level...no one above you or below! Each side has 2 bedrooms and 1 bath, with a shared laundry on the main level. Nice covered porch to the front & enclosed porch on the side. Off street parking in the back along with a 1-car garage. There are many options for this property from an AirBnb, to a rental on both sides, or keep one half for yourself! Call today!

Last Agent to Sell the Property

Tade Kerndt

Viking Realtors License #B38984000 Listed on: 06/17/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,917

Year Built

  • Built in 1890

Lot Details

  • 7,878 Sq Ft Lot
  • Lot Dimensions are 58x123

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Stone Basement
  • Laundry Room

Parking

  • Garage
  • 2 Open Parking Spaces
  • Parking Available

Outdoor Features

  • Enclosed Patio or Porch

Schools

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

Utilities

  • Heating System Uses Steam
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 111531300800

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $115
  • Gross Income $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,917

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Parcel Number: 111531300800
  • Year Built: 1890
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 563-382-8453
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1348
  • Architectural Style: Two Story, Duplex, Side Split
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 700

Exterior Features

  • Construction Type: Wood Siding
  • Exterior Features: Porch-Covered, Porch-Enclosed
  • Siding: Wood

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Detached, Garage, Parking Area

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 115

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: 58x123
  • Lot Size Sq Ft: 7878

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 500
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Jul 30, 2019
Sold by
Steele Melvin R and Fayne Harriet
Bought by
Ritner Rodney G and Ritner Kathleen M
Seller's Agent
Tade Kerndt
Viking Realtors
List Price
$89,000
Sold Price
$80,000
Premium/Discount to List
-$9,000
-10.11%
Current Estimated Value
$192,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,015
Avg. Annual Appreciation
15.38%
Original Mortgage
$64,000
Outstanding Balance
$43,301
Interest Rate
4.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$148,714
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 Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $64,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $159,000 -5.9% $118 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $169,000 +111.3% $125 / Sq Ft
08/19/2019 08/19/19 Sold $80,000 -10.1% $59 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $89,000 -- $66 / 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 $2,762 $146,760 $29,250 $117,510
2023 $2,644 $146,760 $29,250 $117,510
2022 $2,032 $126,900 $24,380 $102,520
2021 $1,956 $100,740 $24,380 $76,360
2020 $1,956 $95,170 $24,380 $70,790
2019 $1,734 $95,170 $0 $0
2018 $1,742 $95,170 $0 $0
2017 $1,712 $90,140 $0 $0
2016 $1,682 $90,140 $0 $0
2015 $1,598 $86,110 $0 $0
2014 $1,598 $86,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20193141

Northeast Iowa Regional Board of REALTORS®

APN: 111531300800