NOT LISTED FOR SALE

226 S Water St Madrid, IA 50156

Estimated Value: $125,000 - $171,000

2 Beds
1 Bath
880 Sq Ft
$174/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $108,000 $123 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $929/month

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Wood Siding
  • No HOA
  • Family Room
  • 1-minute walk to Jensen Park

About This Home

As of April 2022

Calling all Investors!!!! This is a great opportunity to have a turnkey investment property or the perfect home for a first time home buyer! The home is a two bedroom, 1 bath with a large family/dinning room and laundry on the main level. The home has a new roof in 2021 and a new furnace in the last 5 years. This fantastic property sits in the heart of town. The beautiful city of Madrid has tons too offer from restaurants, biking trails, city parks all while only being 20 minutes from Ames and Des Moines. All information obtained from Seller and public records.

Last Agent to Sell the Property

Bo Cosens

RE/MAX Precision Listed on: 03/14/2022

RE/MAX Precision

Last Buyer's Agent

Bo Cosens

RE/MAX Precision Listed on: 03/14/2022

RE/MAX Precision

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 1915

Lot Details

  • 1,699

Home Design

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

Interior Spaces

  • 880 Sq Ft Home
  • Family Room
  • Laminate Flooring
  • Stove
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 088226361286109

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,035

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 130.68
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 122.73
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 1st Flr Laundry, Laminate Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 880
  • Family Room: 1st Floor
  • Included Items: Dryer, Refrigerator, Stove
  • Living Area Sq Ft: 880
  • Total Sq Ft: 880

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Madrid

Green Features

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

Lot Info

  • Assessor Parcel Number: 088226361286109
  • Zoning: Res

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1034.85
  • Net Taxes: 1034.85

MLS Schools

  • School District: Madrid

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 20, 2022
Sold by
Lee Perkins Curtis and Lee Kristen
Bought by
Mag Properties Llc
Seller's Agent
Bo Cosens
RE/MAX Precision
Buyer's Agent
Bo Cosens
RE/MAX Precision
List Price
$115,000
Sold Price
$108,000
Premium/Discount to List
-$7,000
-6.09%
Current Estimated Value
$152,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,887
Avg. Annual Appreciation
12.82%
Original Mortgage
$81,000
Interest Rate
5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 20, 2020
Sold by
Perkins Sandra K
Bought by
Perkins Curtis L and Mawsudi Cynthia

Purchase Details

Closed on
Jun 28, 2017
Sold by
Perkins Sandra K
Bought by
Perkins Sandra K
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Mag Properties Llc $108,000 None Listed On Document
Perkins Curtis L -- None Available
Perkins Sandra K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Cesar A Cortez $7,950
Previous Owner Mag Properties Llc $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $108,000 -6.1% $123 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $115,000 -- $131 / 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
2024 $1,368 $70,235 $4,185 $66,050
2023 $1,240 $70,235 $4,185 $66,050
2022 $1,240 $56,161 $4,185 $51,976
2021 $1,240 $56,161 $4,185 $51,976
2020 $1,022 $43,151 $2,930 $40,221
2019 $776 $43,151 $2,930 $40,221
2018 $742 $31,328 $0 $0
2017 $608 $25,192 $1,674 $23,518
2016 $598 $25,192 $1,674 $23,518
2015 $600 $25,192 $0 $0
2014 $586 $25,192 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bo Cosens

    Seller's Agent in 2022

    Bo Cosens

    RE/MAX

    (515) 360-4401

    32 in this area

    146 Total Sales

    Bo Cosens
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 647518

Des Moines Area Association of REALTORS®

APN: 088226361286109

Iowa Boone County Madrid 50156

226 S Water St, Madrid, IA

This home is located at 226 S Water St, Madrid, IA 50156 since 14 March 2022 and is currently estimated at $152,887, approximately $173 per square foot. This property was built in 1915. 226 S Water St is a home located in Boone County with nearby schools including Madrid Elementary School and Madrid Junior High School.

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.

Des Moines Area Association of REALTORS® 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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