NOT LISTED FOR SALE

509 E 2nd St Madrid, IA 50156

Estimated Value: $253,475 - $273,000

3 Beds
1.5 Baths
1,694 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $215,000 $127 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,597/month

50 Days on Market

Highlights

  • Screened Porch
  • Patio
  • Forced Air Heating and Cooling System
  • 3 Car Detached Garage
  • Tile Flooring
  • Ceiling Fan

About This Home

As of June 2022

Fully renovated, spacious home in Madrid ready for YOU! Oversized living room perfect for entertaining, open kitchen with new cabinets and quartz countertops and ample dining area. Main floor laundry with half bath, and additional mud room. 3 bedrooms upstairs- primary bedroom with large walk in closet- and full bath. Continue the entertaining in the 3 season porch and open patio. Huge 3+ car detached garage. New HVAC, WH, siding, roof and updated wiring. Appliance allowance included! 5 year partial tax abatement approved!

Last Agent to Sell the Property

Kim Olmstead

Agency Iowa License #S66194 Listed on: 04/25/2022

Last Buyer's Agent

Kim Olmstead

Agency Iowa License #S66194 Listed on: 04/25/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • Property is zoned City

Parking

  • 3 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,694 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Screened Porch
  • Laundry on main level

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Partial Basement
  • Sump Pump

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 088225312286125

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: 66 x 132
  • Directions: Hwy 17 to E Second St- east to property on north side of street
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 1900
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Floor:Carpet: Yes
  • Floor:Tile2: Yes
  • Features:Main Floor Laundry2: Yes
  • Features:Sump Pump2: Yes
  • Exterior:Vinyl: Yes
  • Features:Ceiling Fan(s): Yes
  • Floor:Luxury Vinyl: Yes
  • Foundation:Concrete Block: Yes
  • Special Features: None

Interior Features

  • Has Basement: Partial, Unfinished, Sump Pump
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Luxury Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Basement:Unfinished2: Yes
  • Basement:Partial2: Yes

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Block, Tile
  • Patio And Porch Features: Patio
  • Features:Patio3: Yes
  • Features:Porch - Screened: Yes

Garage/Parking

  • General Information:Garage Type2: Detached
  • General Information:Garage Capacity: 3

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Madrid

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Parcel #: 088225312286125
  • Zoning: City
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jun 23, 2022
Sold by
Drain Pro Llc
Bought by
Storey John Allen
Seller's Agent
Kim Olmstead
Agency Iowa
Buyer's Agent
Kim Olmstead
Agency Iowa
List Price
$238,500
Sold Price
$215,000
Premium/Discount to List
-$23,500
-9.85%
Current Estimated Value
$261,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,869
Avg. Annual Appreciation
5.76%
Original Mortgage
$209,070
Outstanding Balance
$199,570
Interest Rate
5.81%
Estimated Equity
$62,299

Purchase Details

Closed on
Aug 19, 2021
Sold by
Thielen Wade and Thielen Elizabeth
Bought by
Drain Pro Llc

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 20, 2019
Sold by
Charter T Nova Est
Bought by
Thielen Wade
Seller's Agent
Donald Lincoln
Larson Agency
Buyer's Agent
Donald Lincoln
Larson Agency
List Price
$85,000
Sold Price
$50,000
Premium/Discount to List
-$35,000
-41.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Storey John Allen $215,000 Hubbard Law Firm Pc
Drain Pro Llc -- None Available
Thielen Wade -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Storey John Allen $209,070
Closed Storey John Allen $209,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2022 06/24/22 Sold $215,000 -9.9% $127 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $238,500 +377.0% $141 / Sq Ft
08/21/2019 08/21/19 Sold $50,000 -41.2% $30 / Sq Ft View Prior Sale
07/23/2019 07/23/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $85,000 -- $51 / Sq Ft
Source: Central Iowa Board 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 $2,702 $270,070 $22,180 $247,890
2024 $2,702 $148,898 $15,840 $133,058
2023 $1,043 $128,271 $15,840 $112,431
2022 $1,234 $55,881 $15,840 $40,041
2021 $1,234 $55,881 $15,840 $40,041
2020 $972 $49,790 $11,088 $38,702
2019 $1,212 $49,790 $11,088 $38,702
2018 $1,161 $57,537 $0 $0
2017 $1,156 $47,357 $6,336 $41,021
2016 $923 $47,357 $6,336 $41,021
2015 $920 $47,357 $0 $0
2014 $894 $47,357 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Olmstead

    Seller's Agent in 2022

    Kim Olmstead

    Agency Iowa

    (515) 231-1607

    42 in this area

    139 Total Sales

    Kim Olmstead
    Section Image

  • D

    Seller's Agent in 2019

    Donald Lincoln

    Larson Agency

    Section Image
See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 59535

APN: 088225312286125

Iowa Boone County Madrid 50156

509 E 2nd St, Madrid, IA

Not Listed for Sale

Detached

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