NOT LISTED FOR SALE

248 S State St Madrid, IA 50156

Studio
3 Baths
-- Sq Ft
1,980 Sq Ft Lot

Sale Details

Date Sold: November 1, 2021

Last sale price $175,000

84 Days on Market

Highlights

  • 3 Kitchens
  • Hot Water Heating System
  • 2-minute walk to Jensen Park
  • No HOA

About This Home

As of November 2021

This 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.

Last Agent to Sell the Property

Joe Kirk

RE/MAX Concepts Listed on: 08/09/2021

RE/MAX Concepts

Last Buyer's Agent

Bo Cosens

RE/MAX Precision

RE/MAX Precision

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,286

Year Built

Built in 1947

Lot Details

1,980 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Termite: Call Listing Agent
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 2
  • Basement Description: Slab
  • Kitchens: 3
  • Laundry: No
  • Storage: No

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Paved: Yes
  • Sidewalk: Y

Garage/Parking

  • Off Street Parking: Ample

Utilities

  • Air Conditioner: Window Unit
  • Heat: Hot Water
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 413

Lot Info

  • Acres: 0.0500
  • Lot S F: 1980
  • Lot Size: 22x90
  • Assessor Parcel Number: 088226361286078
  • Zoning: R

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Landlord, Insurance Landlord, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 2286.00
  • Net Taxes: 2286.00
  • Tax Year: 2021

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Madrid

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
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
Interest Rate
0.0362%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2012
Sold by
Bought by

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
0.039%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records
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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
$175,000 None Available
-- 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 $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

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 635209

Des Moines Area Association of REALTORS®
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