504 W 2nd St Madrid, IA 50156
1
Bed
1
Bath
616
Sq Ft
6,621
Sq Ft Lot
Highlights
- Ranch Style House
- No HOA
- Tile Flooring
- Mud Room
- Eat-In Kitchen
- 4-minute walk to Jensen Park
About This Home
As of December 2024You are not going to want to miss out on this gorgeous cottage home in the heart of Madrid. This home has been completed stripped to the studs and totally redone, from the electrical, to the plumbing and so much more! Everything from paint, trim, luxury bamboo flooring, the kitchen and even the exterior has all been redone, even the sidewalks and driveway are all brand new! The roof is brand new as well as the siding and even the windows, the list goes on!! This home might as well be new construction and is perfect for any first time homebuyer or someone looking for a great turnkey rental investment! The garage is oversized and deep, allowing for a full sized truck to be parked inside while still providing plenty of room for storage. The yard is a great size and tons of potential for your future needs. Home sellers have already applied for a step-down tax abatement with the city of Madrid, saving the future owner some extra cash every month! This home is definitely worth the look, call today to schedule your private showing!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,524
Year Built
- Built in 1954
Home Design
- Ranch Style House
- Block Foundation
- Slab Foundation
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 616 Sq Ft Home
- Mud Room
- Family Room
- Eat-In Kitchen
- Laundry on main level
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- 1 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 088226362186136
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2024
Closed on
Dec 19, 2024
Sold by
Debs Properties Llc
Bought by
Phillips Lori and Phillips Leonard
Seller's Agent
Nathan Lee
Realty ONE Group Impact
Buyer's Agent
Amy Abram
RE/MAX Hilltop
List Price
$175,700
Sold Price
$155,000
Premium/Discount to List
-$20,700
-11.78%
Views
37
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
-$3,034
Avg. Annual Appreciation
-1.77%
Original Mortgage
$100,000
Outstanding Balance
$99,742
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$53,499
Purchase Details
Listed on
May 21, 2018
Closed on
Jul 25, 2018
Sold by
Schaffer Gerald and Schaffer Debra
Bought by
Debs Properties Llc
Seller's Agent
Donald Lincoln
Larson Agency
Buyer's Agent
Donald Lincoln
Larson Agency
List Price
$59,900
Sold Price
$56,000
Premium/Discount to List
-$3,900
-6.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%
Purchase Details
Listed on
May 21, 2018
Closed on
Jun 27, 2018
Sold by
Neal Martin S and Neal Cheryl A
Bought by
Schaffer Gerald and Schaffer Debra
Seller's Agent
Donald Lincoln
Larson Agency
Buyer's Agent
Donald Lincoln
Larson Agency
List Price
$59,900
Sold Price
$56,000
Premium/Discount to List
-$3,900
-6.51%
Purchase Details
Closed on
May 31, 2007
Sold by
Meier Violet M
Bought by
Neal Martin S and Neal Cheryl A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
6.26%
Mortgage Type
New Conventional
Similar Homes in Madrid, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | None Listed On Document | |
| Warranty Deed | $155,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $56,000 | -- | |
| Warranty Deed | $48,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Closed | $100,000 | Credit Line Revolving | |
| Previous Owner | $43,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $155,000 | -7.6% | $252 / Sq Ft |
| 11/20/2024 11/20/24 | Pending | -- | -- | -- |
| 11/11/2024 11/11/24 | Price Changed | $167,700 | -2.3% | $272 / Sq Ft |
| 10/14/2024 10/14/24 | Price Changed | $171,700 | -2.3% | $279 / Sq Ft |
| 10/01/2024 10/01/24 | For Sale | $175,700 | +213.8% | $285 / Sq Ft |
| 06/22/2018 06/22/18 | Sold | $56,000 | -6.5% | $105 / Sq Ft |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- |
| 05/21/2018 05/21/18 | For Sale | $59,900 | -- | $113 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,524 | $80,829 | $12,000 | $68,829 |
| 2023 | $1,366 | $80,829 | $12,000 | $68,829 |
| 2022 | $1,366 | $61,833 | $12,000 | $49,833 |
| 2021 | $1,366 | $61,833 | $12,000 | $49,833 |
| 2020 | $1,302 | $54,906 | $8,400 | $46,506 |
| 2019 | $1,314 | $54,906 | $8,400 | $46,506 |
| 2018 | $1,258 | $53,119 | $0 | $0 |
| 2017 | $1,258 | $45,430 | $4,800 | $40,630 |
| 2016 | $1,078 | $45,430 | $4,800 | $40,630 |
| 2015 | $1,080 | $45,430 | $0 | $0 |
| 2014 | $1,056 | $45,430 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
N
Seller's Agent in 2024
Nathan Lee
Realty ONE Group Impact
(712) 210-3468
7 in this area
124 Total Sales
-
Buyer's Agent in 2024
Amy Abram
RE/MAX
(515) 490-9090
1 in this area
90 Total Sales
-
D
Seller's Agent in 2018
Donald Lincoln
Larson Agency
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 704954
APN: 088226362186136
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.
Nearby Homes
- 113 N Locust St
- 108 S Main St
- 113 N Market St
- 606 S Main St
- 201 E Eighth St
- 111 E Ninth St
- 118 N Kennedy Ave
- 509 E 1st St
- 119 Peterson Pkwy
- 118 Peterson Pkwy
- 515 Kingman Blvd
- 1589 331st Dr
- 1475 - Lot 3 325th St
- 1475 - Lot 1 325th St
- 2082 T Ave
- 12270 NW 146th Ave
- 1 333rd St
- 010 333rd St
- 1475 - Lot 2 325th St
- 00 290th St