NOT LISTED FOR SALE

518 E Madison Ave Iola, KS 66749

Estimated Value: $157,000 - $225,000

6 Beds
2 Baths
3,675 Sq Ft
$51/Sq Ft Est. Value

Last Sold December 06, 2024

Current estimated payment $1,214/month

125 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Covered Patio or Porch
  • 1 Fireplace
  • No HOA
  • Formal Dining Room

About This Home

As of December 2024

Welcome home to Iola in this grand 1 1/2 story bungalow that boasts over 3500 sq ft with 6 bedrooms and 2 bathrooms. You'll fall in love with this homes charm and character from the hardwood floors, 2 sets of french doors, beautiful woodwork and a stain glassed window over the stairs. Not to mention the huge porch! The private, fully fenced in yard will give you peace of mind for your kids or fur babies to play in safely. Walking into this home, you'll find a beautiful foyer with the first set of french doors, a bedroom off to the right and the main staircase to the left. From the foyer you'll go into a very nice sized living room. Then, you can either walk into the hallway to find the downstairs full bath or giant laundry room, another 2 bedrooms or go into the formal dining room. The kitchen is at the back of the home and all appliances will be staying! Gas oven/range, refrigerator and dishwasher. The door to the partial basement is located in the kitchen as well. Upstairs you will find 2 more bedrooms, a full bathroom, 2 nice sized storage closets and the big master bedroom with 2 more closets. This is also where the second set of stairs is found. Outside there is a 2 stall detached garage and more parking spaces off the street. This is a gorgeous older home located in the heart of Iola. It's within walking distance of the square, where you'll find shopping, eating and also where many of the towns activities are hosted. This is home is a must see!

Last Agent to Sell the Property

Amy Shannon

ReeceNichols BajaRanch Team Brokerage Phone: 620-228-1032 Listed on: 06/28/2024

ReeceNichols BajaRanch Team

Last Buyer's Agent

Ashley Butcher

ReeceNichols Sunflower Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,618

Year Built

  • Built in 1877

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 120 x 127
  • East Facing Home
  • Privacy Fence
  • Wood Fence
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Partial Basement
  • Laundry on main level

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 005-239500
  • $0 special tax assessment

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,618

Year Built

Built in 1877

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1877
  • Above Grade Finished Sq Ft: 3575
  • Architectural Style: Other
  • Direction Faces: East
  • Fireplaces: 1
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Amy Shannon
  • List Office Mls Id: HMSRNBT
  • List Office Name: ReeceNichols BajaRanch Team
  • List Office Phone: 620-432-7653
  • Living Area: 3675
  • Mls Status: Sold
  • Ownership: Private
  • Age Description: 101 Years/More
  • Floor Plan Features: 1.5 Stories,Bungalow
  • Tax Special Amount: 0
  • Dining Area Features: Formal
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Attribution Contact: 620-228-1032
  • Special Features: None

Interior Features

  • Interior Amenities: Pantry
  • Basement: Partial
  • Appliances: Dishwasher, Refrigerator, Gas Range
  • Basement: Yes
  • Below Grade Sq Ft: 100
  • Fireplace: Yes
  • Laundry Features: Main Level

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 6

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Other, Wood Siding
  • Fencing: Privacy, Wood
  • Patio And Porch Features: Covered Deck, Patio, Covered Patio, Porch
  • Road Surface Type: Paved
  • Inside City Limits: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Detached

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: City/Public
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Security 1st Title

Schools

  • Junior High Dist: USD 257 - Iola

Lot Info

  • Lot Features: Corner Lot
  • Lot Dimensions: 120 x 127
  • Lot Size Sq Ft: 12632.4
  • Parcel Number: 005-239500
  • Property Attached: No
  • Subdivision Name: None
  • ResoLotSizeUnits: Acres
  • In Flood Plain: No

Tax Info

  • Tax Annual Amount: 2618
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Dec 6, 2024
Sold by
Roach Justin T and Roach Cassandra A
Bought by
Martin Ethan
Seller's Agent
Amy Shannon
ReeceNichols BajaRanch Team
Buyer's Agent
Ashley Butcher
ReeceNichols Sunflower Realty Group
List Price
$225,000
Views
195
Current Estimated Value
$186,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$171,830
Outstanding Balance
$167,942
Interest Rate
0.67%
Mortgage Type
Construction
Estimated Equity
$18,425

Purchase Details

Closed on
Jul 22, 2019
Sold by
Norris Thomas E and Norris Monica K
Bought by
Roach Justin Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,387
Interest Rate
3.8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2004
Bought by
Norris Tom and Norris Monica
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Martin Ethan $173,548 Security First Title
Roach Justin Timothy $88,260 Security First Title
Norris Tom $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Ethan $171,830
Previous Owner Roach Justin Timothy $87,387
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold -- -- --
11/01/2024 11/01/24 Pending -- -- --
10/01/2024 10/01/24 Price Changed $184,999 -2.6% $50 / Sq Ft
09/07/2024 09/07/24 Price Changed $189,900 -4.1% $52 / Sq Ft
07/30/2024 07/30/24 Price Changed $198,000 -3.4% $54 / Sq Ft
07/17/2024 07/17/24 Price Changed $205,000 -8.9% $56 / Sq Ft
06/28/2024 06/28/24 For Sale $225,000 -- $61 / Sq Ft
Source: Heartland MLS

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 $2,854 $19,692 $278 $19,414
2024 $2,619 $14,519 $283 $14,236
2023 -- $13,199 $283 $12,916
2022 -- $12,221 $261 $11,960
2021 -- $11,316 $261 $11,055
2020 $338 $10,235 $256 $9,979
2019 -- -- $554 $11,093
2018 -- -- $554 $10,754
2017 -- -- $554 $10,532
2016 -- -- $554 $10,532
2015 -- -- $554 $10,314
2014 -- -- $256 $10,769
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2496594

Heartland MLS

APN: 077-35-0-10-07-006.00-0