503 E Water St, Decorah, IA 52101 Property Records

Winneshiek County property record for 503 E Water St, Decorah, IA 52101

Property Summary

Property Type	Single Family Home
Details	4 bd · 2 ba · 1,728 sqft · built 1880
Lot Size	0.15 acres (6,519 sqft)
Owner	2 Individual Names on Record
Last Sale	$152,000 (Jul 2014)
Tax Bill	$3,852 (2026)
Deeds & Mortgages	Feb 2021 Mortgage Jul 2022 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`111531000200`

Property Details

APN / Parcel Number

Primary APN	`111531000200`

Interior

Bedrooms	4 Beds
Full Baths	2 Baths
Half Baths	2 Half Baths
Total Rooms	6 Rooms
Stories	2 Stories
Building Area	1,728 sqft Living Area
1st Floor Area	864 sqft
Basement Area	864 sqft
Unfinished Basement	864 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1880
Effective Year Built	Effective 1880
Exterior Material	Vinyl
Construction Type	Frame
Foundation Type	Stone
Roof Type	Hip
Roof Material	Asphalt
Lot Area	6,519 sqft (0.15 acres)
Lot Dimensions	123 ft deep x 53 ft wide
Garage Type	Detached
Garage Area	728 sqft
Parking Spaces	3 Parking Spaces
Porch	Slab
Porch Area	126 sqft

Utilities, Heating & Cooling

Cooling System	None
Heating System	Forced Air with A/C
Heating Fuel	Gas
Water Source	Commercial

Location & Zoning

Street Address	503 E WATER ST
City	DECORAH
State	IA
Zip	52101-1925
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	L 4 BLK 42 ORIG DEC
Legal Range	08W
Legal Township	98N
Legal Section	15
Legal Subdivision	DECORAH
Legal Block	42
Jurisdiction	WINNESHIEK IA
Township / Civil Division	DECORAH
Census Block Group	1
Census Block	1091
Census Tract	950200

Owner

Source: Winneshiek County records, as of October 20, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on Record
Mailing Address	503 E WATER ST, DECORAH, IA 52101-1925
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Feb 2, 2021	Deed of Trust, Mortgage · Conventional Mortgage DECORAH BANK & TRUST CO
Jul 12, 2022	Deed of Trust, Mortgage · Conventional Mortgage DECORAH BANK & TRUST CO
Feb 2, 2021	Deed of Trust, Mortgage · Conventional Mortgage DECORAH BANK & TRUST CO
Jul 16, 2014	Legal Action/Court Order, Foreclosure · Conventional Mortgage DECORAH BANK & TRUST CO

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jul 16, 2014 · Amount on Record
Deed Sale	Jul 16, 2014 · Amount on Record
Deed Document Number	20141730
Deed Book / Page	2014 / 1730
Record Updated	Oct 29, 2026

February 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	503 E WATER ST, DECORAH, IA 52101-1925
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	002021/481
Date	Feb 2, 2021
Book Page	2021/481
Instrument	2021 0481

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Feb 1, 2041

Interest

Rate Type	Fixed Rate

July 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	503 E WATER ST, DECORAH, IA 52101-1925
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02022/2209
Date	Jul 12, 2022
Book Page	2022/2209
Instrument	2022 2209

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Jul 11, 2037

Interest

Rate Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Type Change Date	Jul 1, 2029
Change Frequency	Annually
Min Rate At Change	5.75%
Max Rate At Change	7.75%
Index	1-Year CMT
Margin	3

February 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WINNESHIEK IA
Property Address	503 E WATER ST, DECORAH, IA 52101-1925
Transaction Type	Mortgage
Record Updated	Sep 8, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2021/481
Date	Feb 2, 2021
Book Page	2021/481
Instrument	2021 0481

Lender

Name	DECORAH BANK & TRUST CO
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Feb 1, 2041

Interest

Rate Type	Fixed Rate

July 2014: Legal Action/Court Order, Foreclosure

Document Type	Legal Action/Court Order
Jurisdiction	WINNESHIEK IA
Recording Date	Jul 16, 2014
Property Address	503 E WATER ST, DECORAH, IA 52101-1925
Document Number	02014/1730
Book / Page	2014 / 1730
Instrument Date	Jul 3, 2014
Instrument	2014 1730
Transaction Type	Foreclosure
Record Updated	Apr 3, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$242.40
Amount Accuracy	Rounded by County

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	503 E WATER ST, DECORAH, IA 52101-1925

Mortgage

Document Number	0020141731
Date	Jul 16, 2014
Instrument	2014 1731

Lender

Name	DECORAH BANK & TRUST CO

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Aug 1, 2044

Tax Assessment & Valuation

Source: Winneshiek County assessment roll, as of October 21, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Winneshiek County
Municipality	Decorah City
Unified School District	Decorah Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$3,852.00	$233,630 (-) Land $20,260 Building $213,370	$233,630 (-) Land $20,260 Building $213,370
2025	$3,852.00 (+6.47%) Homeowner's exemption	$233,630 (+15.42%) Land $20,260 Building $213,370	$233,630 (+15.42%) Land $20,260 Building $213,370
2024	$3,618.00 (+3.85%)
2023		$202,410 (+14.97%) Land $20,260 Building $182,150	$202,410 (+14.97%) Land $20,260 Building $182,150
2022	$3,484.00 Homeowner's exemption	$176,050 Land $16,880 Building $159,170
2021			$176,050 Land $16,880 Building $159,170

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 21, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AH, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 24 policies
Nearby Flood Policies	24 in force
Nearby Flood Claims	4 (2016)
Claims Outside the SFHA	3 of 4
Most Recent Claim	Aug 2016 · Severe Storms, Straight-line Winds, And Flooding
Claims by Event	Severe Storms, Straight-line Winds, And Flooding, Aug 2016 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	DECORAH WATER DEPARTMENT serves 7,615 people · EPA ID IA9630012
Water Source	Groundwater
Last State Inspection	Jun 2024
Lead	9 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 517 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable	1,000 / 50
Nextlink Fixed Wireless	100 / 20

May also be available: GigFire.

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