NOT LISTED FOR SALE

512 Oak St Decorah, IA 52101

Estimated Value: $181,000 - $236,000

3 Beds
2 Baths
796 Sq Ft
$255/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $130,000 $163 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,259/month

Highlights

  • Deck
  • Porch
  • Wood Siding
  • Decorah Middle School Rated A
  • Forced Air Heating System

About This Home

As of September 2021

Looking for an investment? This functional duplex has been easy to rent. Currently occupied with 2 tenants who would prefer to stay. Both units include stove, refrigerator and washer and dryer. The tenants pay for the electricity. The furnace is 4 years old, water heater is new and kinetico water softner is owned. The leases are on a month to month basis.

Last Agent to Sell the Property

Anne Dykstra

AJ Realty, Inc. License #S36060 Listed on: 07/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,033

Year Built

  • Built in 1890

Lot Details

  • 8,747 Sq Ft Lot
  • Lot Dimensions are 119x73

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

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

Parking

  • 1 Open Parking Space
  • On-Street Parking

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Gross Income $940

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 111536401400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,033

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Parcel Number: 111536401400
  • Year Built: 1890
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, 2nd Floor
  • Lot Size Acres: 0.2
  • Co List Office Phone: 563-382-3627
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 796
  • Architectural Style: Two Story, Duplex
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 796

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 1
  • Parking Features: Detached, On Street

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Garbage in Rent, Gas in Rent, Water in Rent
  • 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-2
  • Lot Dimensions: 119x73
  • Lot Size Sq Ft: 8747

Rental Info

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

Multi Family

  • Gross Income: 940
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 13, 2021
Sold by
Bassford Scott L and Bassford Lisa L
Bought by
Palmer Joel D and Palmer John R
Seller's Agent
Anne Dykstra
AJ Realty, Inc.
List Price
$149,000
Sold Price
$130,000
Premium/Discount to List
-$19,000
-12.75%
Current Estimated Value
$202,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,691
Avg. Annual Appreciation
11.07%
Original Mortgage
$55,000
Outstanding Balance
$49,861
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$152,830

Purchase Details

Closed on
Oct 18, 2017
Sold by
Lantz Lisa and Bassford Scott L
Bought by
Lantz Lisa and Bassford Scott L

Purchase Details

Closed on
Oct 30, 2013
Sold by
Martin Mark Alan and Phillips Martin Lori Ann
Bought by
Bassford Scott L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palmer Joel D $130,000 None Listed On Document
Lantz Lisa -- None Available
Bassford Scott L $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Joel D $55,000
Previous Owner Bassford Scott L $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2021 09/15/21 Sold $130,000 -12.8% $163 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $149,000 -- $187 / 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
2025 $2,312 $164,320 $40,700 $123,620
2024 $2,312 $146,790 $40,700 $106,090
2023 $2,436 $146,790 $40,700 $106,090
2022 $2,204 $125,800 $33,920 $91,880
2021 $2,132 $109,220 $33,920 $75,300
2020 $1,268 $103,730 $33,920 $69,810
2019 $2,074 $103,730 $0 $0
2018 $2,090 $103,730 $0 $0
2017 $1,784 $85,010 $0 $0
2016 $1,756 $85,010 $0 $0
2015 $1,696 $82,170 $0 $0
2014 -- $82,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20213606

Northeast Iowa Regional Board of REALTORS®

APN: 111536401400