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For sale
  • Price cut: $12.9K (9/19)
    $487,000

    406 W Water St, Shell Rock, IA 50670

    4beds
    3,456sqft
    : 
    $3,686/mo
    Get pre-qualified
    Single Family Residence
    Built in 1950
    1.04 Acres Lot
    $474,100 Zestimate®
    $141/sqft
    $-- HOA

    What's special

    Two wood-burning fireplacesQuiet dead-end streetWalk-in closetRiverfront viewsRiverfront propertySpectacular refrigeratorWine fridge
    Walk through the front door and immediately take in the spectacular view of the Shell Rock River! This is the riverfront property you’ve been waiting for—with the extensive remodel already completed for you! Nestled on over an acre in town on a quiet dead-end street, this home offers the best of both worlds: peaceful small-town living, riverfront views, privacy, and the convenience of the Waverly-Shell Rock School District, city water/sewer, and easy access to major highways. The home sits high and dry along the river, with the opportunity to add your own boat dock. Inside, modern updates beautifully blend with original brick and stone accents, creating a home that is both stylish and full of character. The expansive great room features a wall of windows showcasing the river view, while luxury Maple Hardwood flooring flows throughout the main level. The kitchen is truly a chef’s dream, featuring an expansive island, top-of-the-line appliances, a spectacular refrigerator, microwave drawer, and wine fridge. Gather with family and friends while enjoying the view—it’s the perfect space for everyday living and entertaining. The luxurious primary suite offers a walk-in closet and spa-like ensuite with a large soaking tub, walk-in shower, and double sinks. Three additional bedrooms are located on the main level, one as a versatile bonus room perfect for an office, playroom, hobby room, or potentially a 4th bedroom. A convenient laundry closet with tub sink is located near the bedrooms. The finished basement adds even more living space with natural light and a ¾ bath, plus potential for a 5th bedroom. A spacious back entry mudroom provides a large tub sink and ample storage. Outdoor living is just as impressive. A flagstone patio wraps around the west side of the home to the rear, creating the perfect setting for entertaining, relaxing, or enjoying peaceful evenings overlooking the river. One guest bedroom even features a sliding door for direct exterior access. A newly installed retaining wall adds to the appeal. And for those who appreciate the warmth and charm of a fireplace, this home offers TWO wood-burning fireplaces! Why build new when the work is already done? Enjoy the character of an established home with the modern updates you want—without the cost, inconvenience, and waiting that comes with building. All of this, under $500,000, with a peaceful riverfront view that is simply hard to beat. Come see it for yourself—the view from the front door says it all! Square footages are approximate.
    31 days
    1,623
    63

    Zillow last checked:

    Listing updated:

    Listed by:

    Kara Bartels 319-939-1611,

    RE/MAX Alliance

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20264175MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      Other
      • Level: Upper
      Other
      • Level: Main
      Other
      • Level: Lower
      Heating
      • Heat Pump, Radiant Floor
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Microwave, Free-Standing Range, Refrigerator
      Features
      • Basement: Partially Finished
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 3,456 sqft
      • Finished area below ground: 1,000

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage, Oversized
      • Carport spaces: 2
      Features
      • Patio & porch: Patio
      • Exterior features: Fishing
      • On waterfront: Yes
      • Waterfront features: Waterfront
      Lot
      • Size: 1.04 Acres
      • Dimensions: 257x120
      Details
      • Parcel number: 1211126007
      • Zoning: R-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Combination
      • Roof: Asphalt
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Shell Rock

      Financial & listing details

      • Price per square foot: $141/sqft
      • Tax assessed value: $296,010
      • Annual tax amount: $3,288
      • Date on market: 9/1/2026
      • Cumulative days on market: 32 days
      • Road surface type: Mixed

        Estimated market value

        $474,100

        $450,000 - $498,000

        $2,195/mo

        Price history

        DateEventPrice
        9/19/2026Price change$487,000-2.6%$141/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20264175 Report a problem
        9/1/2026Listed for sale$499,900$145/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20264175 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,000 +1.9%$193,130 -33.5%
        2024$4,908 +2.3%$290,380
        2023$4,796 +5.1%$290,380 +15.4%
        2022$4,562 +5.5%$251,550
        2021$4,326 -1.5%$251,550 +10%
        2020$4,394 +7.7%$228,780
        2019$4,080 +1.8%$228,780 +8.1%
        2018$4,008 $211,710
        2017$4,008 +2.4%$211,710 +10.2%
        2016$3,914 -1.7%$192,200
        2015$3,980 +0.5%$192,200
        2014$3,962 $192,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50670

        Getting around

        26 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Waverly/Shell Rock
        • Middle: Waverly/Shell Rock
        • High: Waverly/Shell Rock

        Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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