516 Main St
Madrid, IA 50156
2 bd 1 ba 1,096 sqft Built 1890 Lot 8,712 sqft single_family
Most recent sale
$181,000
May 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 2, 2022 | Sold | $181,000 | Public Record |
| Apr 1, 2022 | Sold | $181,000 | MLS #59341 |
| Feb 11, 2022 | Relisted | $175,000 | MLS #59341 |
| Feb 3, 2022 | Listed | $175,000 | MLS #59341 |
| Aug 30, 2019 | Sold | $139,000 | Public Record |
| May 6, 2019 | Sold | $44,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $171,810 | $22,180 | $193,990 | $3,070 |
| 2024 | $171,810 | $22,180 | $193,990 | $2,964 |
| 2023 | $151,906 | $15,840 | $167,746 | $2,652 |
| 2022 | $113,157 | $15,840 | $128,997 | $2,848 |
| 2021 | $113,157 | $15,840 | $128,997 | $1,016 |
| 2020 | $32,827 | $9,504 | $42,331 | $1,004 |
| 2019 | $32,827 | $9,504 | $42,331 | $1,120 |
| 2018 | $35,771 | $9,504 | $45,275 | $1,072 |
| 2017 | $35,771 | $9,504 | $45,275 | $852 |
| 2016 | $30,533 | $4,752 | $35,285 | $838 |
| 2015 | $30,533 | $4,752 | $35,285 | $840 |
| 2014 | $30,533 | $4,752 | $35,285 | $820 |
| 2013 | $30,533 | $4,752 | $35,285 | $1,150 |
| 2012 | $46,853 | $4,752 | $51,605 | $1,108 |
| 2010 | $10,019 | $7,792 | $17,811 | $352 |
| 2009 | $10,019 | $7,792 | $17,811 | $336 |
| 2007 | $10,019 | $7,792 | $17,811 | $318 |
| 2004 | $9,452 | $7,351 | $16,803 | $264 |
Property facts
Year built
1890
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,096 sqft
Lot size
8,712 sqft
ZIP code
50156
City
Madrid
Street
Main St
Coordinates
41.87223, -93.82332
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,644
Gross rental yield
10.90%
Implied cap rate
7.08%
Trend-extrapolated value
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Frequently asked questions
When did 516 Main St last sell?
516 Main St most recently sold on May 2, 2022 for $181,000.
What is the current tax assessment for 516 Main St?
The most recent total assessment for 516 Main St (year 2025) is $193,990 with $3,070 in property tax.
How does 516 Main St's assessment compare to its last sale price?
The current assessment is 7.2% above the last sale price of $181,000.
When was 516 Main St built?
516 Main St was built in 1890.
How does 516 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 516 Main St?
516 Main St is a 2 bed, 1 bath, 1,096 sqft, 8,712 sqft lot single_family.
Is 516 Main St a flip candidate?
Yes — 516 Main St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 516 Main St a tax-appeal candidate?
No — 516 Main St is not currently flagged as a tax-appeal candidate.
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 Main St