NOT LISTED FOR SALE

136 W 2nd St Madrid, IA 50156

Madrid Area

Estimated Value: $164,000 - $189,860

5 Beds
2 Baths
3,024 Sq Ft
$59/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2023

Last sale price $170,000 $56 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,206 / mo

21 Days on Market

Highlights

  • Main Floor Bedroom
  • Forced Air Heating and Cooling System
  • Wood Siding
  • No HOA
  • Level Lot
  • 2-minute walk to Jensen Park

About This Home

As of September 2023

It is always nice to have options and this duplex located in uptown Madrid has lots of options. Live upstairs and rent the lower unit out. The lower unit could be rented as an apartment or for retail space. Always nice to have someone else helping make the payment! The property also has a vacant lot on the East side that has lots of potential. The upper unit has two large bedrooms, full bath with laundry hookups and nice kitchen that opens to a good sized living room. The lower unit has three bedrooms, full bath, kitchen living room and laundry utility room. The lower unit could be remodeled to have retail space in the front and a efficiency apartment in the back. Seller is offering flooring allowance for lower unit. Don't miss your chance to own this money maker! Call today!

Last Agent to Sell the Property

Donald Lincoln

Nerem & Associates License #B39299 Listed on: 07/09/2023

Last Buyer's Agent

Beth Skluzacek

CENTRAL IOWA BOARD OF REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 8,514 Sq Ft Lot
  • Lot Dimensions are 64.50 x 132
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding
  • Wood Trim

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace

Kitchen

  • Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 088226361286063

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

8,514 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 64.50 x 132
  • Road Surface Type: Hard Surface
  • Directions: Hwy 17 to Madrid turn west at Git n Go on to Second Street, Go three blocks to first stop sign. Property will be on south side of the street right after the stop sign.
  • Above Grade Finished Sq Ft: 1392.0
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Vinyl

Exterior Features

  • Lot Features: Level
  • Foundation Details: Slab
  • Patio And Porch Features: Wood Deck
  • Exterior: Brick, Wood Siding
  • Patio And Porch Features: Wood Deck

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Water: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Madrid

Lot Info

  • Lot Size Sq Ft: 8514.0
  • Parcel #: 088226361286063
  • Zoning: residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2023
Closed on
Sep 11, 2023
Sold by
Bought by
Seller's Agent
Donald Lincoln
Nerem & Associates
Buyer's Agent
Beth Skluzacek
CENTRAL IOWA BOARD OF REALTORS
List Price
$184,999
Sold Price
$170,000
Premium/Discount to List
-$14,999
-8.11%
Views
88
Current Estimated Value
$179,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,287
Avg. Annual Appreciation
1.87%
Original Mortgage
$136,000
Interest Rate
0.069%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$170,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $136,000
Previous Owner $57,000
Previous Owner $85,752
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/13/2023 09/13/23 Sold $170,000 -5.6% $56 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $180,000 -2.7% $60 / Sq Ft
07/09/2023 07/09/23 For Sale $184,999 -- $61 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,750 $177,060 $14,450 $162,610
2024 $2,750 $141,093 $10,320 $130,773
2023 $2,544 $141,093 $10,320 $130,773
2022 $2,534 $114,737 $10,320 $104,417
2021 $2,534 $114,737 $10,320 $104,417
2020 $2,556 $106,782 $7,224 $99,558
2019 $2,332 $107,799 $7,224 $100,575
2018 $2,244 $94,279 $0 $0
2017 $2,234 $109,707 $6,192 $103,515
2016 $2,614 $109,707 $6,192 $103,515
2015 $2,926 $123,054 $0 $0
2014 $2,860 $123,054 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Donald Lincoln

    Nerem & Associates

    (515) 205-6233

    6 in this area

    38 Total Sales

    Donald Lincoln
    Section Image

  • B

    Buyer's Agent in 2023

    Beth Skluzacek

    CENTRAL IOWA BOARD OF REALTORS

    (515) 296-4680

    16 in this area

    3,500 Total Sales

    Beth Skluzacek
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 62734

APN: 088226361286063

Iowa Boone County Madrid 50156

136 W 2nd St, Madrid, IA

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