NOT LISTED FOR SALE

702 E Water St Unit 2 Decorah, IA 52101

Estimated Value: $319,711 - $368,000

2 Beds
2 Baths
1,232 Sq Ft
$125/mo HOA Fee

Last Sold October 20, 2021

Last sale price $280,000 $227 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,394/month

3 Days on Market

Highlights

  • City View
  • Heated Floors
  • Laundry Room
  • Decorah Middle School Rated A
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Enjoy easy living within walking distance to downtown! This high quality 2 bdrm. condo boasts a large master bdrm. & bath with tiled walk-in shower and walk-in closet. Hickory flooring, buttermilk cabinetry built by the Amish and a custom built floor to ceiling bookcase with detailing. Enjoy the warmth of in-floor heat! Leave the snow removal and lawn care to someone else! And here's the plus -- one year of tax abatement is left on this property!

Last Listed By

Jeanne Gullekson

Kelly Real Estate Inc License #S633829100 Listed on: 09/05/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $546

Year Built

  • Built in 2016

Lot Details

  • 2,178

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Hardboard

Interior Spaces

  • 1,232 Sq Ft Home
  • Ceiling Fan
  • Panel Doors
  • City Views

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Gas Dryer Hookup

Home Security

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 111530700600

Community Details

Overview

  • Built by Quandahl Construction

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$546

Year Built

Built in 2016

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Parcel Number: 111530700600
  • Year Built: 2016
  • Property Sub-Type: Condominium
  • ResoLaundryFeatures: 1st Floor, Dryer Hookup-Gas, Laundry Room, Washer Hookup
  • ResoLotFeatures: City View
  • Lot Size Acres: 0.05
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Phone: 563-382-8406
  • MLS Status: Closed
  • Architectural Style: Condominium
  • Reso Fireplace Features: None
  • Reso Interior Features: Air Exchanger System, Ceiling Fan(s), Paneled Doors, Hardwood Floors
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 1232
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Smoke Detector, Electric Water Heater, Water Softener Owned
  • Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • BelowGradeArea: 0

Exterior Features

  • Construction Type: Hardboard Siding

Garage/Parking

  • Parking Features: 1 Stall, Attached Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Gas, In Floor Heat
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 125
  • Association Fee Frequency: Monthly

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: 44 x 48
  • Lot Size Sq Ft: 1
  • Additional Parcels: No

Building Info

  • Builder Name: Quandahl Construction

Tax Info

  • Tax Annual Amount: 546

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2021
Closed on
Oct 20, 2021
Sold by
Edde Patricia A
Bought by
Lovstuen Irene L
Seller's Agent
Jeanne Gullekson
Kelly Real Estate Inc
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Total Days on Market
3
Current Estimated Value
$345,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,678
Avg. Annual Appreciation
6.15%
Original Mortgage
$160,000
Interest Rate
2.8%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Dec 27, 2016
Closed on
May 24, 2017
Sold by
Water Street Condominiums Llc
Bought by
Edde Patricia A
Seller's Agent
Jayme Folkedahl
Kelly Real Estate Inc
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%

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
Lovstuen Irene L $280,000 None Listed On Document
Edde Patricia A $229,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Edde Patricia A $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $280,000 +1.8% $227 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $275,000 +20.1% $223 / Sq Ft
05/24/2017 05/24/17 Sold $229,000 0.0% $186 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
12/27/2016 12/27/16 For Sale $229,000 -- $186 / 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 $4,232 $260,260 $44,660 $215,600
2023 $794 $260,260 $44,660 $215,600
2022 $640 $46,940 $26,590 $20,350
2021 $370 $40,650 $26,590 $14,060
2020 $370 $26,590 $26,590 $0
2019 $362 $26,590 $0 $0
2018 $222 $19,750 $0 $0
2017 $170 $8,070 $0 $0
Source: Public Records

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Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20214344

Northeast Iowa Regional Board of REALTORS®

APN: 111533700200