NOT LISTED FOR SALE

509 E 2nd St Madrid, IA 50156

Madrid Area

Estimated Value: $241,000 - $259,000

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 $1,617 / 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

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 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
Drain Pro Llc
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
$252,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,249
Avg. Annual Appreciation
3.82%
Original Mortgage
$209,070
Outstanding Balance
$196,398
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$55,246

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
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
25.76%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madrid, IA

  • Andrew Bruellman Real Estate Agent - RE/MAX Concepts

    Andrew Bruellman

    Responds Quickly

    RE/MAX Concepts

    (515) 575-2183

    218 Total Sales

    1 in Madrid

    $341,000 Price

    Andrew Bruellman
     Section Image
  • Nate Nerem Real Estate Agent - Nerem & Assoc.

    Nate Nerem

    Responds Quickly

    Nerem & Assoc.

    (515) 500-2756

    149 Total Sales

    6 in Madrid

    $218K - $300K Price Range

    Nate Nerem
     Section Image
  • Roger Wheeler Real Estate Agent - CENTURY 21 SIGNATURE-Ames

    Roger Wheeler

    CENTURY 21 SIGNATURE-Ames

    (515) 461-6831

    327 Total Sales

    4 in Madrid

    $200K - $265K Price Range

    Roger Wheeler
     Section Image
  • Brett Mount Real Estate Agent - RE/MAX Concepts-Ames

    Brett Mount

    RE/MAX Concepts-Ames

    (515) 305-3680

    50 Total Sales

    1 in Madrid

    $285,450 Price

    Brett Mount
     Section Image
  • Chris Kew Real Estate Agent - RE/MAX Precision

    Chris Kew

    RE/MAX Precision

    (515) 500-2960

    280 Total Sales

    4 in Madrid

    $145K - $235K Price Range

    Chris Kew
     Section Image
  • Liz Lashier Real Estate Agent - NextHome Your Way

    Liz Lashier

    NextHome Your Way

    (515) 512-4526

    152 Total Sales

    1 in Madrid

    $372,500 Price

    Liz Lashier
     Section Image
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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
Drain Pro Llc -- None Available
Thielen Wade -- --
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 Charter Larry D $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 Real Estate Agent - Agency Iowa

    Seller's Agent in 2022

    Kim Olmstead

    Agency Iowa

    (515) 231-1607

    134 Total Sales

    Kim Olmstead
    Section Image

  • DL

    Seller's Agent in 2019

    Donald Lincoln

    Nerem & Associates

    (515) 205-6233

    37 Total Sales

    Donald Lincoln
    Section Image

  • DL

    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

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.

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