NOT LISTED FOR SALE

1601 331st Dr Madrid, IA 50156

Estimated Value: $302,000 - $352,000

3 Beds
2 Baths
1,128 Sq Ft
$284/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $295,000 $262 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,930/month

37 Days on Market

Highlights

  • Pond
  • Wood Flooring
  • Eat-In Kitchen
  • Ranch Style House
  • No HOA
  • Patio

About This Home

As of December 2023

This unique 1.42 acre property just west of Madrid is in an established rural residential neighborhood, the Reddish Addition. The ranch home features three bedrooms and two bathrooms. On the main floor, the living room has large corner windows for lots of natural lighting, an open kitchen with plenty of counter & cupboard space and a dining area with sliding glass doors to the back patio. Also on the main floor are three bedrooms and a beautiful, updated bathroom. The lower level features a great-sized family room with new carpeting and paint, the second bathroom and laundry, and access to the attached walk-out three car garage. Enjoy the patio view of the property’s wooded area, spring, and stream. Lush, green landscaping and mature trees provide plenty of privacy without being secluded. This property has been owned and cared for by the same family since new. Many updates including septic system, roof, paint, and flooring. Large storage shed w/attic. If you like walking or biking the High Trestle Trail is just minutes away. Call today for your showing!

Last Agent to Sell the Property

Aaron Ackerlund

Keller Williams Realty GDM Listed on: 10/04/2023

Keller Williams Realty GDM

Last Buyer's Agent

Matt Cole

RE/MAX Concepts

RE/MAX Concepts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1968

Lot Details

  • 1.42 Acre Lot
  • Irregular Lot

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,128 Sq Ft Home
  • Family Room Downstairs
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Outdoor Features

  • Pond
  • Patio
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 088226352250006

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,538

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 279.17
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 261.52
  • Termite: Follow Showing Instructions
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpeting, Hardwood Floors, Laminate Floors, Smoke Detector
  • Total Bathrooms: 2.00
  • Partial Bath Total: 2
  • Partial Bath 1st Floor: 1
  • Partial Bath Lower: 1
  • Basement Description: Partial Finished, Walkout
  • Sq Ft Bsmt: 1128
  • Sq Ft Fin Bsmt: 416
  • Dining Room: Eat In Kitchen
  • Family Room: 1st Floor, Lower Level
  • Included Items: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1128
  • Total Sq Ft: 1128

Exterior Features

  • Exterior: Wood
  • Exterior Features: Exterior Storage Shed, Open Patio, Pond
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt
  • Trim: Oak

Garage/Parking

  • Driveway: Gravel
  • Garage Sq Ft: 576
  • Garage: 2 Attached
  • Garage Parking Stalls: 3

Utilities

  • Sewer: Septic
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Madrid

Lot Info

  • Acres: 1.4200
  • Lot S F: 61855
  • Lot Shape: Irregular
  • Assessor Parcel Number: 088226352250006
  • Zoning: Resid

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 2537.54
  • Net Taxes: 2412.00
  • Tax Year: 2022

MLS Schools

  • School District: Madrid

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Dec 7, 2023
Sold by
Anderson Janis R
Bought by
Ollendick Zoe and Escalante Jose Luis
Seller's Agent
Aaron Ackerlund
Keller Williams Realty GDM
Buyer's Agent
Matt Cole
RE/MAX Concepts
List Price
$324,900
Sold Price
$295,000
Premium/Discount to List
-$29,900
-9.2%
Views
132
Current Estimated Value
$319,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,857
Avg. Annual Appreciation
4.55%
Original Mortgage
$236,000
Outstanding Balance
$232,106
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$87,751

Purchase Details

Closed on
Apr 26, 2021
Sold by
Anderson James A
Bought by
Anderson Janis R
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Ollendick Zoe $295,000 None Listed On Document
Ollendick Zoe $295,000 None Listed On Document
Anderson Janis R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ollendick Zoe $236,000
Closed Ollendick Zoe $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2023 12/11/23 Sold $295,000 -6.3% $262 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $314,900 -3.1% $279 / Sq Ft
10/04/2023 10/04/23 For Sale $324,900 -- $288 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

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
2025 $2,862 $259,940 $45,000 $214,940
2024 $2,862 $227,212 $45,000 $182,212
2023 $2,370 $227,212 $45,000 $182,212
2022 $2,338 $176,127 $45,000 $131,127
2021 $2,338 $221,024 $52,500 $168,524
2020 $2,890 $205,022 $52,500 $152,522
2019 $2,858 $205,022 $52,500 $152,522
2018 $2,822 $194,573 $0 $0
2017 $2,822 $194,451 $52,500 $141,951
2016 $2,532 $173,873 $38,123 $135,750
2015 $2,538 $173,873 $0 $0
2014 $2,484 $173,873 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 683078

Des Moines Area Association of REALTORS®

APN: 088226352250001