117 Water St
Madrid, IA 50156
2 bd 1 ba 918 sqft Built 1918 Lot 13,068 sqft single_family
Most recent sale
$159,000
Nov 22, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 27, 2025 | Sold | $210,000 | DesMoines |
| Nov 22, 2021 | Sold | $159,000 | MLS #633825 |
| Oct 9, 2020 | Sold | $146,500 | MLS #609680 |
| Jul 27, 2017 | Sold | $105,000 | MLS #47394 |
| Jun 12, 2017 | Listed | $107,000 | MLS #47394 |
| Nov 23, 2015 | Sold | $86,000 | MLS #504211 |
| Sep 14, 2015 | Listed | $90,000 | MLS #504211 |
| Aug 5, 2010 | Sold | $75,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $201,770 | $28,400 | $230,170 | $3,580 |
| 2024 | $201,770 | $28,400 | $230,170 | $3,488 |
| 2023 | $173,647 | $20,286 | $193,933 | $3,178 |
| 2022 | $122,864 | $20,286 | $143,150 | $3,160 |
| 2021 | $122,864 | $20,286 | $143,150 | $2,938 |
| 2020 | $117,544 | $13,524 | $131,068 | $2,572 |
| 2019 | $103,761 | $13,524 | $117,285 | $2,186 |
| 2018 | $83,329 | $13,524 | $96,853 | $2,310 |
| 2017 | $83,329 | $13,524 | $96,853 | $1,832 |
| 2016 | $69,055 | $6,762 | $75,817 | $1,694 |
| 2015 | $64,194 | $6,762 | $70,956 | $1,688 |
| 2014 | $64,194 | $6,762 | $70,956 | $1,648 |
| 2013 | $64,194 | $6,762 | $70,956 | $1,472 |
| 2012 | $59,333 | $6,762 | $66,095 | $1,420 |
| 2010 | $31,345 | $10,533 | $41,878 | $830 |
| 2009 | $31,345 | $10,533 | $41,878 | $790 |
| 2007 | $31,345 | $10,533 | $41,878 | $748 |
| 2004 | $29,571 | $9,937 | $39,508 | $478 |
Property facts
Year built
1918
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
918 sqft
Lot size
13,068 sqft
ZIP code
50156
City
Madrid
Street
Water St
Coordinates
41.87780, -93.82133
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,377
Gross rental yield
10.39%
Implied cap rate
6.76%
Trend-extrapolated value
—
Frequently asked questions
When did 117 Water St last sell?
117 Water St most recently sold on Nov 22, 2021 for $159,000.
What is the current tax assessment for 117 Water St?
The most recent total assessment for 117 Water St (year 2025) is $230,170 with $3,580 in property tax.
How does 117 Water St's assessment compare to its last sale price?
The current assessment is 44.8% above the last sale price of $159,000.
When was 117 Water St built?
117 Water St was built in 1918.
How does 117 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 117 Water St?
117 Water St is a 2 bed, 1 bath, 918 sqft, 13,068 sqft lot single_family.
Is 117 Water St a flip candidate?
No — 117 Water St does not appear in our flips dataset.
Is 117 Water St a tax-appeal candidate?
No — 117 Water 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 Water St