NOT LISTED FOR SALE

616 S Water St Madrid, IA 50156

Estimated Value: $242,000 - $320,000

5 Beds
2 Baths
2,140 Sq Ft
$130/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $70,000 $33 Per Sq Ft

Est. 296% increase in value since last sale

Current estimated payment $1,797/month

24 Days on Market

Highlights

  • 2 Car Detached Garage
  • Tile Flooring
  • Ceiling Fan
  • Patio
  • Forced Air Heating and Cooling System
  • 5-minute walk to Jensen Park

About This Home

As of December 2019

Lots of potential with large two story home. Five bedrooms with over 2140 square feet of finished living area. This home has been in the same family for over 80 years! It does need some updating and would make a great winter project. Great location just one block form Edgewood Park, three blocks from the High Trestle Trail and five blocks from the Madrid elementary school. Nice corner lot, two car detached garage and fenced rear yard.

Last Agent to Sell the Property

Donald Lincoln

Larson Agency License #B39299 Listed on: 10/22/2019

Last Buyer's Agent

Member Non

CENTRAL IOWA BOARD OF REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,460

Year Built

  • Built in 1885

Lot Details

  • 1,993 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation

Interior Spaces

  • 2,140 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Sump Pump

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 088226361386141

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,460

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Road Surface Type: Hard Surface
  • Above Grade Finished Sq Ft: 1280.0
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 1885
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Tile2: Yes
  • Features:Sump Pump2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Floor:Vinyl2: Yes
  • Features:Ceiling Fan(s): Yes
  • Exterior Features Fence: Yes
  • Terrain:Level: Yes
  • Foundation:Stone2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Washer
  • Has Basement: Partial, Sump Pump
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Basement:Partial2: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • Construction Type: Steel
  • Foundation Details: Stone, Tile
  • Patio And Porch Features: Patio
  • Features:Patio3: Yes

Garage/Parking

  • General Information:Garage Type2: Detached
  • General Information:Garage Capacity: 2 Car

Utilities

  • 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: 1993.0
  • Parcel #: 088226361386141
  • Zoning: Residential
  • ResoLotSizeUnits: SquareFeet

Range of Values:

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Sears Jodene K $26,400
Closed Sears Jody K $197,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $70,000 -24.3% $33 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $92,500 -- $43 / 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
2024 $3,460 $201,507 $15,840 $185,667
2023 $2,192 $183,949 $15,840 $168,109
2022 $4,130 $108,200 $15,840 $92,360
2021 $4,130 $195,990 $15,840 $180,150
2020 $2,414 $101,864 $9,504 $92,360
2019 $1,938 $101,864 $9,504 $92,360
2018 $1,850 $90,140 $0 $0
2017 $1,850 $70,214 $4,752 $65,462
2016 $1,380 $70,214 $4,752 $65,462
2015 $1,384 $70,214 $0 $0
2014 $1,346 $70,214 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Donald Lincoln

    Larson Agency

    Section Image

  • M

    Buyer's Agent in 2019

    Member Non

    CENTRAL IOWA BOARD OF REALTORS

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 53278

APN: 088226361386141

Iowa Boone County Madrid 50156

616 S Water St, Madrid, IA

This home is located at 616 S Water St, Madrid, IA 50156 since 22 October 2019 and is currently estimated at $277,511, approximately $129 per square foot. This property was built in 1885. 616 S Water St is a home located in Boone County with nearby schools including Madrid Elementary School and Madrid Junior High School.

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