$295,000

118 Peterson Pkwy Madrid, IA 50156

Estimated payment $2,162/month

Total Views 194
3 Beds
2.5 Baths
1,374 Sq Ft
$215 Price per Sq Ft

Highlights

  • 3 Car Attached Garage
  • 1-Story Property
  • Family Room
  • Living Room
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Well maintained townhome located in 55+ townhome district. Open floor concept with 2 bedroom on main level and one bedroom in lower level. Lower level family room is a bonus. This is an end unit with 3rd car garage and extra side lot. Association Dues are $200/month. Lawncare and snow removal included. Located on North edge of Madrid with nice country view off back deck.

Listing Agent

Nate Nerem

Nerem & Associates License #B57254 Listed on: 07/18/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,930

Year Built

  • Built in 2005

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 1,374 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Carpet
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 088226254186094

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,930

Year Built

Built in 2005

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Road Frontage Type: Maintained
  • Road Surface Type: Hard Surface
  • Directions: Madrid, Iowa
  • Above Grade Finished Sq Ft: 1374.0
  • Architectural Style: 1 Story
  • Garage Yn: Yes
  • Year Built: 2005
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Central Air: Yes
  • Floor:Carpet: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Has Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 445.0
  • Flooring: Carpet
  • Basement:Full2: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes

Garage/Parking

  • General Information:Garage Type2: Attached
  • General Information:Garage Capacity: 3

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Information:Homeowners Association (HOA): Yes
  • General Information:Association Fee: 200.0
  • General Information:Association Fee Per: Monthly

Schools

  • Junior High Dist: Madrid

Lot Info

  • Lot Size Sq Ft: 12632.0
  • Parcel #: 088226254186094
  • Zoning: RES

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,930 $234,236 $28,499 $205,737
2023 $3,849 $234,236 $28,499 $205,737
2022 $3,840 $186,357 $28,499 $157,858
2021 $3,840 $186,357 $28,499 $157,858
2020 $4,110 $185,546 $30,058 $155,488
2019 $4,254 $185,546 $30,058 $155,488
2018 $4,075 $183,764 $0 $0
2017 $4,070 $181,063 $30,058 $151,005
2016 $4,017 $181,063 $30,058 $151,005
2015 $4,306 $181,063 $0 $0
2014 $4,208 $181,063 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $295,000 +84.4% $215 / Sq Ft
02/10/2014 02/10/14 Sold $160,000 -5.8% $116 / Sq Ft
01/20/2014 01/20/14 Pending -- -- --
10/25/2013 10/25/13 For Sale $169,900 -- $124 / Sq Ft
Source: Central Iowa Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $160,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Trustee Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Corporate Deed $156,000 --
Source: Public Records

Source: Central Iowa Board of REALTORS®

MLS Number: 68037

APN: 088226254186094