Roger Wheeler
CENTURY 21 SIGNATURE-Ames
(515) 461-6831
329 Total Sales
4 in Madrid
$200K - $265K Price Range
202 E 8th St Madrid, IA 50156
Madrid AreaEstimated Value: $227,149
3
Beds
2
Baths
1,126
Sq Ft
$202/Sq Ft
Est. Value
Highlights
- Deck
- Mud Room
- Eat-In Kitchen
- Wood Flooring
- No HOA
- Patio
About This Home
As of January 2026Easy Living Meets Small-Town Charm in Madrid, Iowa! Welcome to your next chapter in the heart of friendly, laid-back Madrid! This inviting split-foyer home offers 3 bedrooms & 2 bathrooms, featuring timeless hardwood & stylish tile flooring throughout. Whether you're looking for an affordable move-in-ready home or a canvas to customize into your dream space, this property delivers both comfort & opportunity. The main level offers a warm & functional layout with a cozy dining area, two well-sized bedrooms, convenient laundry space, & a 3/4 bath. A spacious mudroom & abundant built-in storage make everyday living a breeze. The lower level expands your options with a generous family room complete with wood burning stove, 3rd bedroom, a second 3/4 bath, & versatile space perfect for a home office, gym, or hobby room. Enjoy peaceful outdoor living with both a deck & patio area—ideal for entertaining or just soaking in the small-town serenity. The detached two-car garage adds extra storage & convenience, all situated on a generous corner lot. Nestled in the welcoming town of Madrid, you'll enjoy more independence & freedom to live life your way—without the noise & hustle of big-city living. Plus, you're just minutes from outdoor adventures on the High Trestle Trail, the natural beauty of Ledges State Park, & a quick commute to Ames or the Des Moines metro. Don't miss your chance to enjoy the best of both worlds: small-town charm with big potential. Schedule your showing today!
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,768
Year Built
- Built in 1967
Lot Details
- 9,504 Sq Ft Lot
Parking
- 2 Car Detached Garage
Home Design
- Split Foyer
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1,126 Sq Ft Home
- Wood Burning Fireplace
- Mud Room
- Family Room Downstairs
- Dining Area
- Finished Basement
Kitchen
- Eat-In Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 088226364186033
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
Sep 11, 2025
Closed on
Dec 29, 2025
Sold by
Bought by
Seller's Agent
Tony McFarland
Friedrich Realty
Buyer's Agent
Kim Olmstead
Agency Iowa
List Price
$229,900
Sold Price
$214,000
Premium/Discount to List
-$15,900
-6.92%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,149
Avg. Annual Appreciation
11.03%
Original Mortgage
$210,123
Outstanding Balance
$208,661
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$18,488
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madrid, IA
-
Roger Wheeler
-
Brett Mount
Brett Mount
RE/MAX Concepts-Ames
(515) 305-3680
50 Total Sales
1 in Madrid
$285,450 Price
-
Chris Kew
Chris Kew
RE/MAX Precision
(515) 500-2960
283 Total Sales
4 in Madrid
$145K - $235K Price Range
-
Liz Lashier
Liz Lashier
NextHome Your Way
(515) 512-4526
152 Total Sales
1 in Madrid
$372,500 Price
-
Cody Greenfield
Cody Greenfield
RE/MAX Real Estate Center
(515) 686-6406
170 Total Sales
2 in Madrid
$189,500 Price Range
-
James Horstman
James Horstman
Hunziker & Associates, Inc.
(515) 305-3017
172 Total Sales
2 in Madrid
$130,000 Price Range
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 |
|---|---|---|---|
| $214,000 | 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 |
|---|---|---|---|
| Open | $210,123 | ||
| Previous Owner | $78,000 | ||
| Previous Owner | $45,000 |
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 |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | Sold | $214,000 | -6.9% | $190 / Sq Ft |
| 11/06/2025 11/06/25 | Pending | -- | -- | -- |
| 09/11/2025 09/11/25 | For Sale | $229,900 | -- | $204 / Sq Ft |
Source: Des Moines Area Association 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 | $3,568 | $231,830 | $23,560 | $208,270 |
| 2024 | $3,568 | $207,059 | $16,830 | $190,229 |
| 2023 | $3,486 | $207,059 | $16,830 | $190,229 |
| 2022 | $3,474 | $166,312 | $16,830 | $149,482 |
| 2021 | $3,474 | $166,312 | $16,830 | $149,482 |
| 2020 | $3,894 | $173,039 | $11,848 | $161,191 |
| 2019 | $3,498 | $173,039 | $11,848 | $161,191 |
| 2018 | $3,356 | $149,894 | $0 | $0 |
| 2017 | $3,346 | $135,094 | $5,924 | $129,170 |
| 2016 | $3,010 | $135,094 | $5,924 | $129,170 |
| 2015 | $3,006 | $135,094 | $0 | $0 |
| 2014 | $2,932 | $135,094 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tony McFarland
Seller's Agent in 2026
Tony McFarland
Friedrich Realty
(712) 333-4516
329 Total Sales
-
Kim Olmstead
Buyer's Agent in 2026
Kim Olmstead
Agency Iowa
(515) 231-1607
132 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 726060
APN: 088226364186033
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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