226 Water St
Madrid, IA 50156
2 bd 1 ba 880 sqft Built 1915 Lot 1,701 sqft single_family
Most recent sale
$108,000
Apr 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 28, 2024 | Sold | $159,000 | Public Record |
| Apr 22, 2022 | Sold | $108,000 | MLS #647518 |
| Mar 14, 2022 | Listed | $115,000 | MLS #647518 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $86,350 | $5,860 | $92,210 | $1,368 |
| 2024 | $86,350 | $5,860 | $92,210 | $1,324 |
| 2023 | $66,050 | $4,185 | $70,235 | $1,240 |
| 2022 | $51,976 | $4,185 | $56,161 | $1,240 |
| 2021 | $51,976 | $4,185 | $56,161 | $1,034 |
| 2020 | $40,221 | $2,930 | $43,151 | $1,022 |
| 2019 | $40,221 | $2,930 | $43,151 | $776 |
| 2018 | $28,398 | $2,930 | $31,328 | $742 |
| 2017 | $28,398 | $2,930 | $31,328 | $608 |
| 2016 | $23,518 | $1,674 | $25,192 | $598 |
| 2015 | $23,518 | $1,674 | $25,192 | $600 |
| 2014 | $23,518 | $1,674 | $25,192 | $586 |
| 2013 | $23,518 | $1,674 | $25,192 | $562 |
| 2012 | $23,518 | $1,674 | $25,192 | $542 |
| 2010 | $18,097 | $2,745 | $20,842 | $412 |
| 2009 | $18,097 | $2,745 | $20,842 | $392 |
| 2007 | $18,097 | $2,745 | $20,842 | $372 |
| 2004 | $17,073 | $2,590 | $19,663 | $310 |
Property facts
Year built
1915
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
880 sqft
Lot size
1,701 sqft
ZIP code
50156
City
Madrid
Street
Water St
Coordinates
41.87534, -93.82194
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
$648
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 226 Water St last sell?
226 Water St most recently sold on Apr 22, 2022 for $108,000.
What is the current tax assessment for 226 Water St?
The most recent total assessment for 226 Water St (year 2025) is $92,210 with $1,368 in property tax.
How does 226 Water St's assessment compare to its last sale price?
The current assessment is 14.6% below the last sale price of $108,000.
When was 226 Water St built?
226 Water St was built in 1915.
How does 226 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 226 Water St?
226 Water St is a 2 bed, 1 bath, 880 sqft, 1,701 sqft lot single_family.
Is 226 Water St a flip candidate?
No — 226 Water St does not appear in our flips dataset.
Is 226 Water St a tax-appeal candidate?
No — 226 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