505 W 1st St, Madrid, IA, 50156

Location

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505 W 1st St, Madrid$109,000

Buyer Closing Credits

$1,294^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeResidential

ParkingDetached, Garage, One Car Garage

Garage1 space

Year Built1888

HeatingNatural Gas

BasementYes

MLS #699905

Lot Size0.25 Acres

StatusActive

About 505 W 1st St

Picturesque farmhouse-style home nestled in the heart of Madrid. Endless potential in this 1.5 story, 3 bedroom home with over 1300 sqft of finished living space. This property sits on a generous lot, offering ample outdoor space for gardening, recreation, or future expansions.

Property Details

Property Features

Property Information:

Architectural Style: One and One Half Story
Year Built: 1888
Living Area: 1,332 SqFt

Listing Office:

Office Name: RE/MAX Concepts
Office Phone: (515) 314-5701
Listing Agent: Tina Johnson

Interior Features

Interior Information:

Appliances: Dryer, Refrigerator, Stove, Washer
Basement: Yes

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 3

Exterior Features

Parking Information:

Garage Space: 1 space
Attached Garage: No
Parking: Detached, Garage, One Car Garage

Lot Features

Lot Information:

Lot Size: 0.25 Acres

Utilities

Utilities Information:

Heating: Natural Gas

School Info

Assigned Schools Information:

Madrid High School, Public District Grades 9-12
Madrid Junior High School, Public District Grades 7-8
Madrid Elementary School, Public District Grades PK-6

Other

Directions Information:

Directions: From Hwy 17 turn east at the stoplight onto 1st St.

Price Information

Listing Price Info

Price Summary:

List Price: $109,000
Price Per SqFt: $82/SqFt

Tax Information:

Annual Amount: $1,268
Tax Year: 2021

What can I afford?

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MLS Details

MLS Information:

MLS Name: DMAAR
MLS Number: #699905

Listing Office:

Office Name: RE/MAX Concepts
Office Phone: (515) 314-5701
Listing Agent: Tina Johnson

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ 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 deemed reliable but not guaranteed. Copyright© 2024 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Apr 20, 2009	Apr 20, 2009Home Sold	$34,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,268	$75,929
2020	$1,252	$52,844
2018	$1,394	$56,323
2017	$1,064	$56,323

History based on county public records data.

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

/10

Madrid Elementary School
213 W 1st St
Distance between this listing and this school0.21 miles
Public District Grades PK-6

Middle School

/10

Madrid Junior High School
599 N Kennedy Ave
Distance between this listing and this school0.62 miles
Public District Grades 7-8

High School

/10

Madrid High School
599 N Kennedy Ave
Distance between this listing and this school0.62 miles
Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

24%

<35k

55%

35k-100k

19%

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 56%
High School: 41%
Masters: 3%

What types of families live nearby?

44%

Single, No Kids

Single, with Kids

28%

Married, No Kids

22%

Married, with Kids

Are the neighbors home owners or renters?

Home Owners: 72%
Renters: 28%

How old are people in this area?

16%

<11 yrs old

12-17 yrs old

15%

18-34 yrs old

36%

35-64 yrs old

25%

65+ yrs old

What do the neighbors do for fun?

Hunting
Figure Skating
NASCAR

Where do the neighbors shop?

Academy Sports & Outdoors
Wal-Mart
Dollar General

Where do the neighbors go to eat?

Jimmy Johns
Hardee's
Applebees

What do the neighbors drive?

Chevrolet
Ram
Cadillac

What do the neighbors listen to?

New Country
Classic Country
Country

The neighbors living near this home have an average income of $55,812. The majority of Boone County, IA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 W 1st St

What is the listing price of this property?

The listing price of 505 W 1st St property is $109,000.

What type of property is this?

The property 505 W 1st St is a house located in Madrid, Iowa, 50156.

Is this property for sale now?

Active Listing: 505 W 1st St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 W 1st St are:
Madrid Elementary School: GreatSchools Rating 5/10
Madrid Junior High School: GreatSchools Rating 6/10
Madrid High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,268 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 20, 2009 for $34,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 W 1st St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 505 W 1st St is 1,332 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 W 1st St is 1888.

Rocket Homes›Iowa›Boone County›Madrid›50156›505 W 1st St

This home is located at 505 W 1st St in Madrid, IA and zip code 50156. This 1,332 square foot home, which was built in 1888, sits on a 0.25 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $109,000.

In October 2024 more than 5 listings in Boone County, IA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 13 were sold below. The inventory of homes for sale in Boone County, IA between September 2024 and October 2024 decreased by 6%. Listings spent 49 days on the market in October 2024, and had a median list price of $206,416 during the same period.

From Rocket Homes Real Estate and based on county public records data.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

School Info

Other

Price Information

Listing Price Info

MLS Details

Property Sales & Tax

Listing History

Tax History

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 505 W 1st St

More Resources

Homes For Sale in Nearby Cities

Housing Market Reports in Boone County