NOT LISTED FOR SALE

505 E 3rd St Madrid, IA 50156

Estimated Value: $226,000 - $277,522

3 Beds
2 Baths
1,364 Sq Ft
$185/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $250,000 $183 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,360/month

87 Days on Market

Highlights

  • Ranch Style House
  • Patio
  • Family Room
  • No HOA
  • Forced Air Heating and Cooling System
  • Dining Area

About This Home

As of February 2023

You will not want to miss this completely renovated gorgeous ranch home in Madrid. This home hosts 3 bedrooms with 2 bathrooms with just under 1400 square feet, and has beautiful craftmanship. You will enjoy a true master bedroom with walk in closet, and 3/4 bath. You will love the kitchen with plenty of storage and soft close doors. This home offers great privacy as you can sit and enjoy a cup of coffee or BBQ on your open patio that is not facing the road. This home is better than brand new with many upgrades you will not find in brand new construction. Call today for more information! All information obtained from seller and public records.

Last Agent to Sell the Property

Matt Law

RE/MAX Precision Listed on: 10/14/2022

RE/MAX Precision

Last Buyer's Agent

Traci Jennings

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $766

Year Built

  • Built in 1880

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Ranch Style House
  • Brick Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,364 Sq Ft Home
  • Family Room
  • Dining Area
  • Laundry on main level
  • Unfinished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 088225312286163

Home Details

Home Type

Single Family

Est. Annual Taxes

$766

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: Ranch
  • Lp Amt Sq Ft: 183.28
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 183.28
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 1st Flr Laundry, Carpeting, Laminate Floors
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Partial Bath Total: 1
  • Partial Bath 1st Floor: 1
  • Basement Description: Unfinished
  • Dining Room: Dining Areas
  • Family Room: 1st Floor
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 1364
  • Total Sq Ft: 1364

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Open Patio
  • Foundation: Brick
  • Roof: Metal
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Gravel
  • Garage: 1 Detached
  • Garage Parking Stalls: 2

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2000
  • Lot S F: 8712
  • Lot Shape: Regular
  • Lot Size: 66x132
  • Assessor Parcel Number: 088225312286163
  • Zoning: Res

Green Features

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

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 766.00
  • Net Taxes: 766.00
  • Tax Year: 2021

MLS Schools

  • School District: Madrid

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Feb 2, 2023
Sold by
Barf Construction Llc
Bought by
Rhoden Kaylecia
Seller's Agent
Matt Law
RE/MAX Precision
Buyer's Agent
Traci Jennings
RE/MAX Real Estate Center
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Views
149
Current Estimated Value
$251,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,881
Avg. Annual Appreciation
0.26%
Original Mortgage
$237,500
Outstanding Balance
$229,448
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
$22,433

Purchase Details

Closed on
Nov 4, 2021
Sold by
Lee Paul and Lee Jeanne
Bought by
Barf Construction Llc

Purchase Details

Closed on
Mar 2, 2010
Sold by
Fulton James C
Bought by
Fulton James C and Fulton Jeffrey

Purchase Details

Closed on
May 27, 2004
Sold by
Fulton June L
Bought by
Catron Christin C and Catron Nicholas L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rhoden Kaylecia $250,000 --
Barf Construction Llc -- None Available
Lee Paul $60,000 None Available
Fulton James C -- --
Catron Christin C $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhoden Kaylecia $237,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2023 02/08/23 Sold $250,000 0.0% $183 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
11/14/2022 11/14/22 Price Changed $250,000 -3.8% $183 / Sq Ft
10/14/2022 10/14/22 For Sale $260,000 -- $191 / 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
2025 $476 $217,080 $22,180 $194,900
2024 $476 $34,659 $15,840 $18,819
2023 $771 $34,659 $15,840 $18,819
2022 $766 $34,659 $15,840 $18,819
2021 $766 $34,659 $15,840 $18,819
2020 $1,512 $28,994 $11,088 $17,906
2019 $1,616 $63,767 $11,088 $52,679
2018 $1,553 $65,354 $0 $0
2017 $1,548 $51,861 $6,336 $45,525
2016 $1,235 $51,861 $6,336 $45,525
2015 $1,234 $51,861 $0 $0
2014 $1,206 $51,861 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 662034

Des Moines Area Association of REALTORS®

APN: 088225312286163