NOT LISTED FOR SALE

505 E 3rd St Madrid, IA 50156

Madrid Area

Estimated Value: $223,000 - $275,000

3 Beds
2 Baths
1,364 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2023

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

Est. 1% increase in value since last sale

Current estimated payment $1,416 / mo

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

8,712 Sq Ft Lot

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

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
Oct 14, 2022
Closed on
Feb 2, 2023
Sold by
Bought by
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
141
Current Estimated Value
$253,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,147
Avg. Annual Appreciation
0.36%
Original Mortgage
$237,500
Interest Rate
0.0609%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 4, 2021
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2010
Sold by
Bought by

Purchase Details

Closed on
May 27, 2004
Sold by
Bought by
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

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
$250,000 --
$60,000 None Available
-- None Available
-- --
$56,500 --
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 $237,500
Previous Owner $62,000
Previous Owner $50,000
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
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

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 $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

  • Matt Law

    Seller's Agent in 2023

    Matt Law

    RE/MAX

    (515) 313-6138

    118 Total Sales

    Matt Law
    Section Image
  • Traci Jennings

    Buyer's Agent in 2023

    Traci Jennings

    RE/MAX

    (515) 291-8720

    817 Total Sales

    Traci Jennings
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 662034

Des Moines Area Association of REALTORS®

APN: 088225312286163

Iowa Boone County Madrid 50156

505 E 3rd St, Madrid, IA

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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