408 Market St
Madrid, IA 50156
2 bd 1 ba 1,163 sqft Built 1875 Lot 8,712 sqft single_family
Most recent sale
$176,000
Apr 12, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 12, 2024 | Sold | $176,000 | DesMoines |
| Feb 27, 2024 | Listed | $175,000 | DesMoines |
| Nov 22, 2022 | Sold | $147,000 | DesMoines |
| Oct 22, 2022 | Price changed | $155,000 | MLS #660067 |
| Oct 10, 2022 | Price changed | $165,000 | MLS #660067 |
| Sep 21, 2022 | Price changed | $179,900 | MLS #660067 |
| Sep 14, 2022 | Listed | $189,999 | MLS #660067 |
| Sep 16, 2016 | Sold | $112,500 | MLS #522904 |
| Aug 1, 2016 | Listed | $115,000 | MLS #522904 |
| Dec 1, 2005 | Sold | $75,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $143,720 | $22,180 | $165,900 | $2,426 |
| 2024 | $143,720 | $22,180 | $165,900 | $2,346 |
| 2023 | $108,628 | $15,840 | $124,468 | $2,276 |
| 2022 | $99,519 | $15,840 | $115,359 | $2,274 |
| 2021 | $99,519 | $15,840 | $115,359 | $2,154 |
| 2020 | $92,178 | $9,504 | $101,682 | $2,122 |
| 2019 | $92,178 | $9,504 | $101,682 | $2,402 |
| 2018 | $99,395 | $9,504 | $108,899 | $2,296 |
| 2017 | $99,395 | $9,504 | $108,899 | $1,524 |
| 2016 | $66,836 | $4,752 | $71,588 | $1,492 |
| 2015 | $66,836 | $4,752 | $71,588 | $1,496 |
| 2014 | $66,836 | $4,752 | $71,588 | $1,456 |
| 2013 | $66,836 | $4,752 | $71,588 | $1,390 |
| 2012 | $66,836 | $4,752 | $71,588 | $1,378 |
| 2010 | $67,662 | $7,792 | $75,454 | $1,362 |
| 2009 | $67,662 | $7,792 | $75,454 | $1,276 |
| 2007 | $67,662 | $7,792 | $75,454 | $1,208 |
| 2004 | $35,894 | $7,351 | $43,245 | $682 |
Property facts
Year built
1875
Property type
single_family
Stories
2
Beds
2
Baths
1
Living area
1,163 sqft
Lot size
8,712 sqft
ZIP code
50156
City
Madrid
Street
Market St
Coordinates
41.87358, -93.82463
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,745
Gross rental yield
11.90%
Implied cap rate
7.73%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Market St last sell?
408 Market St most recently sold on Apr 12, 2024 for $176,000.
What is the current tax assessment for 408 Market St?
The most recent total assessment for 408 Market St (year 2025) is $165,900 with $2,426 in property tax.
How does 408 Market St's assessment compare to its last sale price?
The current assessment is 5.7% below the last sale price of $176,000.
When was 408 Market St built?
408 Market St was built in 1875.
How does 408 Market St compare to others on Market St?
We track 8 other properties on Market St. Browse the list under "Other properties on Market St" to compare beds, baths, and sale history.
What are the property facts for 408 Market St?
408 Market St is a 2 bed, 1 bath, 1,163 sqft, 8,712 sqft lot single_family.
Is 408 Market St a flip candidate?
No — 408 Market St does not appear in our flips dataset.
Is 408 Market St a tax-appeal candidate?
No — 408 Market 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 Market St