505 1st St
Madrid, IA 50156
3 bd 2 ba 1,332 sqft Built 1888 Lot 10,890 sqft single_family
Most recent sale
$95,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 6, 2024 | Sold | $104,000 | DesMoines |
| Feb 2, 2023 | Sold | $95,000 | Public Record |
| Jun 1, 2022 | Sold | $95,000 | MLS #60129 |
| May 17, 2022 | Listed | $105,000 | MLS #60129 |
| Oct 24, 2018 | Sold | $34,500 | MLS #29998 |
| Jun 2, 2018 | Listing removed | $99,900 | CentralIowa |
| May 21, 2018 | Listed | $99,900 | MLS #49509 |
| Sep 13, 2010 | Listing removed | $69,000 | CentralIowa |
| Jun 24, 2010 | Listed | $69,000 | MLS #30930 |
| Apr 20, 2009 | Sold | $34,500 | Public Record |
| Apr 17, 2009 | Listed | $39,999 | MLS #29998 |
| Mar 6, 2009 | Listing removed | $39,999 | Boonecounty |
| Feb 23, 2009 | Listing removed | $39,999 | Boonecounty |
| Feb 19, 2009 | Listed | $39,999 | MLS #15120 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $119,830 | $23,790 | $143,620 | $1,828 |
| 2024 | $119,830 | $23,790 | $143,620 | $1,773 |
| 2023 | $76,812 | $16,995 | $93,807 | $1,681 |
| 2022 | $58,934 | $16,995 | $75,929 | $1,676 |
| 2021 | $58,934 | $16,995 | $75,929 | $1,268 |
| 2020 | $40,947 | $11,897 | $52,844 | $1,252 |
| 2019 | $40,947 | $11,897 | $52,844 | $1,394 |
| 2018 | $44,426 | $11,897 | $56,323 | $1,339 |
| 2017 | $44,426 | $11,897 | $56,323 | $1,064 |
| 2016 | $37,262 | $6,798 | $44,060 | $1,051 |
| 2015 | $37,262 | $6,798 | $44,060 | $1,048 |
| 2014 | $37,262 | $6,798 | $44,060 | $1,024 |
| 2013 | $37,262 | $6,798 | $44,060 | $982 |
| 2012 | $37,262 | $6,798 | $44,060 | $946 |
| 2010 | $36,370 | $11,147 | $47,517 | $940 |
| 2009 | $36,370 | $11,147 | $47,517 | $750 |
| 2007 | $36,370 | $11,147 | $47,517 | $708 |
| 2004 | $34,311 | $10,516 | $44,827 | $562 |
Property facts
Year built
1888
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,332 sqft
Lot size
10,890 sqft
ZIP code
50156
City
Madrid
Street
1st St
Coordinates
41.87713, -93.82605
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$570
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 1st St last sell?
505 1st St most recently sold on Jun 1, 2022 for $95,000.
What is the current tax assessment for 505 1st St?
The most recent total assessment for 505 1st St (year 2025) is $143,620 with $1,828 in property tax.
How does 505 1st St's assessment compare to its last sale price?
The current assessment is 51.2% above the last sale price of $95,000.
When was 505 1st St built?
505 1st St was built in 1888.
How does 505 1st St compare to others on 1st St?
We track 8 other properties on 1st St. Browse the list under "Other properties on 1st St" to compare beds, baths, and sale history.
What are the property facts for 505 1st St?
505 1st St is a 3 bed, 2 bath, 1,332 sqft, 10,890 sqft lot single_family.
Is 505 1st St a flip candidate?
No — 505 1st St does not appear in our flips dataset.
Is 505 1st St a tax-appeal candidate?
Yes — 505 1st St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.0%
Implied 1-yr
+20.0%
2026 Q3
$502.5K
2026 Q4
$521.5K
ZIP 50156 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st St