Chris Kew
RE/MAX Precision
(515) 500-2960
280 Total Sales
4 in Madrid
$145K - $235K Price Range
248 S State St Madrid, IA 50156
Madrid Area
Studio
3
Baths
--
Sq Ft
1,980
Sq Ft Lot
Highlights
- 3 Kitchens
- Hot Water Heating System
- 2-minute walk to Jensen Park
- No HOA
About This Home
As of November 2021This 3 plex in the heart of Madrid is a sleeper. 2-2BR and 1-1BR apts. Good rents at $1800/month. Landlord pays $200 per month for gas and $100 per month for water and has a credit with both utility companies. Insurance runs $113/mo. New roof last year. All new tuckpointing and exterior paint in 2017 which cost around $10,000. Ample parking both in the street and in the lot to the north.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,286
Year Built
- Built in 1947
Lot Details
- 1,980 Sq Ft Lot
- Lot Dimensions are 22x90
Home Design
- Brick Exterior Construction
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- 3 Kitchens
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 088226361286078
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $413
- Gross Income $1,800
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
Aug 9, 2021
Closed on
Nov 1, 2021
Sold by
Belcher Christopher P and Belcher Marsha
Bought by
Seller's Agent
Joe Kirk
RE/MAX Concepts
Buyer's Agent
Bo Cosens
RE/MAX Precision
List Price
$184,900
Sold Price
$175,000
Premium/Discount to List
-$9,900
-5.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$142,717
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 19, 2012
Sold by
Hesselitne Ronald L
Bought by
Belcher Christopher P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madrid, IA
-
Chris Kew
-
Liz Lashier
Liz Lashier
NextHome Your Way
(515) 512-4526
151 Total Sales
1 in Madrid
$372,500 Price
-
Cody Greenfield
Cody Greenfield
RE/MAX Precision
(515) 686-6406
165 Total Sales
2 in Madrid
$189,500 Price Range
-
James Horstman
James Horstman
Hunziker & Associates, Inc.
(515) 305-3017
167 Total Sales
2 in Madrid
$130,000 Price Range
-
Susie Sheldahl
Susie Sheldahl
Realty One Group Impact
(515) 461-8610
271 Total Sales
13 in Madrid
$147K - $350K Price Range
-
Kevin Holmes
Kevin Holmes
Weichert, Miller & Clark
(515) 715-4181
50 Total Sales
2 in Madrid
$265,000 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 |
|---|---|---|---|
| $175,000 | None Available | ||
| Belcher Christopher P | -- | None Available |
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 | $157,500 | ||
| Previous Owner | Belcher Christopher P | $78,750 |
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 |
|---|---|---|---|---|
| 11/01/2021 11/01/21 | Sold | $175,000 | -5.4% | -- |
| 11/01/2021 11/01/21 | Pending | -- | -- | -- |
| 08/09/2021 08/09/21 | For Sale | $184,900 | -- | -- |
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 | $3,200 | $166,320 | $5,560 | $160,760 |
| 2024 | $3,200 | $164,241 | $3,476 | $160,765 |
| 2023 | $2,008 | $164,241 | $3,476 | $160,765 |
| 2022 | $2,364 | $90,943 | $3,476 | $87,467 |
| 2021 | $2,364 | $90,943 | $3,476 | $87,467 |
| 2020 | $2,286 | $74,558 | $3,476 | $71,082 |
| 2019 | $2,176 | $74,558 | $3,476 | $71,082 |
| 2018 | $2,240 | $66,766 | $3,476 | $63,290 |
| 2017 | $2,240 | $66,766 | $3,476 | $63,290 |
| 2016 | $2,458 | $66,766 | $3,476 | $63,290 |
| 2015 | $2,564 | $66,766 | $0 | $0 |
| 2014 | $2,710 | $66,766 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Kirk
Seller's Agent in 2021
Joe Kirk
RE/MAX
51 Total Sales
-
Bo Cosens
Buyer's Agent in 2021
Bo Cosens
RE/MAX
(515) 360-4401
173 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 635209
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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