506 Mechanic St
Decorah, IA 52101
2 bd 1 ba 1,078 sqft Built 2003 condos
Most recent sale
$157,000
May 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 11, 2022 | Sold | $157,000 | Public Record |
| May 9, 2022 | Sold | $157,000 | NorthEastIARegional |
| Feb 15, 2022 | Listed | $175,000 | MLS #20220538 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $173,790 | $20,610 | $194,400 | $3,018 |
| 2024 | $173,790 | $20,610 | $194,400 | $2,892 |
| 2023 | $149,940 | $20,610 | $170,550 | $3,504 |
| 2022 | $150,970 | $17,180 | $168,150 | $3,108 |
| 2021 | $136,860 | $17,180 | $154,040 | $2,942 |
| 2020 | $125,910 | $17,180 | $143,090 | $2,806 |
| 2019 | $125,910 | $17,180 | $143,090 | $2,862 |
| 2018 | $125,910 | $17,180 | $143,090 | $2,884 |
| 2017 | $125,910 | $17,180 | $143,090 | $2,928 |
| 2016 | $124,750 | $14,840 | $139,590 | $2,884 |
| 2015 | $124,750 | $14,840 | $139,590 | $2,868 |
Property facts
Year built
2003
Property type
condos
Stories
2
Beds
2
Baths
1
Living area
1,078 sqft
Lot size
—
ZIP code
52101
City
Decorah
Street
Mechanic St
Coordinates
43.30016, -91.79036
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,617
Gross rental yield
12.36%
Implied cap rate
8.03%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Mechanic St last sell?
506 Mechanic St most recently sold on May 11, 2022 for $157,000.
What is the current tax assessment for 506 Mechanic St?
The most recent total assessment for 506 Mechanic St (year 2025) is $194,400 with $3,018 in property tax.
How does 506 Mechanic St's assessment compare to its last sale price?
The current assessment is 23.8% above the last sale price of $157,000.
When was 506 Mechanic St built?
506 Mechanic St was built in 2003.
How does 506 Mechanic St compare to others on Mechanic St?
We track 8 other properties on Mechanic St. Browse the list under "Other properties on Mechanic St" to compare beds, baths, and sale history.
What are the property facts for 506 Mechanic St?
506 Mechanic St is a 2 bed, 1 bath, 1,078 sqft condos.
Is 506 Mechanic St a flip candidate?
No — 506 Mechanic St does not appear in our flips dataset.
Is 506 Mechanic St a tax-appeal candidate?
Yes — 506 Mechanic St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-8.2%
Implied 1-yr
-32.7%
2026 Q3
$245.4K
2026 Q4
$202.6K
ZIP 52101 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Mechanic St