NOT LISTED FOR SALE

509 E 2nd St Madrid, IA 50156

Madrid Area

Estimated Value: $241,000 - $268,000

3 Beds
1.5 Baths
1,694 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: June 24, 2022

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

Est. 17% increase in value since last sale

Current estimated payment $1,596 / mo

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

8,712 Sq Ft Lot

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

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
Apr 25, 2022
Closed on
Jun 23, 2022
Sold by
Bought by
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
$252,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,511
Avg. Annual Appreciation
4.03%
Original Mortgage
$209,070
Interest Rate
0.053%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2021
Sold by
Bought by

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 20, 2019
Sold by
Bought by
Seller's Agent
Donald Lincoln
Nerem & Associates
Buyer's Agent
Donald Lincoln
Nerem & Associates
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
26.37%
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
$215,000 Hubbard Law Firm Pc
-- 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 $209,070
Previous Owner $25,000
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 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

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 $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

    1 in this area

    132 Total Sales

    Kim Olmstead
    Section Image

  • D

    Seller's Agent in 2019

    Donald Lincoln

    Nerem & Associates

    (515) 205-6233

    6 in this area

    38 Total Sales

    Donald Lincoln
    Section Image

  • D

    Buyer's Agent in 2019

    Don Lincoln

    Larson Agency

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

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