602 Water St
Decorah, IA 52101
2 bd 2 ba 1,232 sqft Built 2016 Lot 5,317 sqft condo
Most recent sale
$278,000
Aug 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 5, 2023 | Sold | $292,000 | NorthEastIARegional |
| Aug 26, 2022 | Sold | $278,000 | Public Record |
| Jun 20, 2022 | Listed | $284,900 | MLS #20222781 |
| Dec 2, 2016 | Sold | $238,500 | Public Record |
| Dec 1, 2016 | Sold | $239,000 | NorthEastIARegional |
| Sep 28, 2016 | Listed | $239,000 | MLS #20165716 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $247,610 | $44,660 | $292,270 | $4,682 |
| 2024 | $247,610 | $44,660 | $292,270 | $4,492 |
| 2023 | $214,330 | $44,660 | $258,990 | $4,300 |
| 2022 | $188,660 | $26,590 | $215,250 | $640 |
| 2021 | $14,100 | $26,590 | $40,690 | $370 |
| 2020 | — | $26,590 | $26,590 | $348 |
| 2019 | $168,160 | $26,590 | $194,750 | $362 |
| 2018 | $168,160 | $26,590 | $194,750 | $146 |
| 2017 | $168,160 | $15,950 | $184,110 | $162 |
Property facts
Year built
2016
Property type
condo
Stories
1
Beds
2
Baths
2
Living area
1,232 sqft
Lot size
5,317 sqft
ZIP code
52101
City
Decorah
Street
Water St
Coordinates
43.30445, -91.77934
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,848
Gross rental yield
7.98%
Implied cap rate
5.19%
Trend-extrapolated value
—
Frequently asked questions
When did 602 Water St last sell?
602 Water St most recently sold on Aug 26, 2022 for $278,000.
What is the current tax assessment for 602 Water St?
The most recent total assessment for 602 Water St (year 2025) is $292,270 with $4,682 in property tax.
How does 602 Water St's assessment compare to its last sale price?
The current assessment is 5.1% above the last sale price of $278,000.
When was 602 Water St built?
602 Water St was built in 2016.
How does 602 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 602 Water St?
602 Water St is a 2 bed, 2 bath, 1,232 sqft, 5,317 sqft lot condo.
Is 602 Water St a flip candidate?
No — 602 Water St does not appear in our flips dataset.
Is 602 Water St a tax-appeal candidate?
No — 602 Water St is not currently flagged as a tax-appeal candidate.
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 Water St