Well maintained townhome located in 55+ townhome district. Open floor concept with 2 bedroom on main level and one bedroom in lower level. Lower level family room is a bonus. This is an end unit with 3rd car garage and extra side lot. Association Dues are $200/month. Lawncare and snow removal included. Located on North edge of Madrid with nice country view off back deck.
Sold for $300,000
$300,000
118 Peterson Pkwy, Madrid, IA 50156
3beds
1,374sqft
Townhouse, Residential
Built in 2005
0.29 Acres Lot
$308,100 Zestimate®
$218/sqft
$1,847 Estimated rent
Home value
$308,100
Estimated sales range
Not available
$1,847/mo
Zestimate® history
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$2,208/mo
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List your homeWhat's special
Lower level family roomEnd unitOpen floor conceptExtra side lot
Zillow last checked:
Listing updated:
Listed by:
Nate Nerem 515-432-5650,
Nerem & Associates
Bought with:
The Engelman Team, S62628
Friedrich Iowa Realty
Source: CIBR,MLS#: 68037
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Basement
Family room
- Level: Basement
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Carpet
- Basement: Full
Interior area
- Total structure area: 1,374
- Total interior livable area: 1,374 sqft
- Finished area above ground: 1,374
- Finished area below ground: 445
Property
Parking
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 0.29 Acres
Details
- Parcel number: 088226254186094
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Residential
Condition
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $200 monthly
Location
- Region: Madrid
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $251,540
- Annual tax amount: $3,934
- Date on market: 7/18/2025
- Road surface type: Hard Surface
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2025 | Sold | $300,000+1.7%$218/sqft |
Source:  CIBR #68037 Report a problem | ||
| 7/23/2025 | Pending sale | $295,000$215/sqft |
Source:  DMMLS #722682 Report a problem | ||
| 7/18/2025 | Listed for sale | $295,000+84.4%$215/sqft |
Source: CIBR #68037 Report a problem | ||
| 2/10/2014 | Sold | $160,000-5.8%$116/sqft |
Source: CIBR #38963 Report a problem | ||
| 10/26/2013 | Listed for sale | $169,900$124/sqft |
Source: The Larson Agency #38963 Report a problem | ||
| 8/5/2013 | Listing removed | $169,900$124/sqft |
Source: The Larson Agency #37725 Report a problem | ||
| 7/25/2013 | Price change | $169,900-1.8%$124/sqft |
Source: The Larson Agency #37725 Report a problem | ||
| 5/9/2013 | Listed for sale | $173,000+10.9%$126/sqft |
Source: The Larson Agency #37725 Report a problem | ||
| 3/20/2008 | Sold | $156,000$114/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,934 +0.3% | $237,640 +1.5% |
| 2024 | $3,922 +2% | $234,236 |
| 2023 | $3,844 +0.1% | $234,236 +25.7% |
| 2022 | $3,840 -7.8% | $186,357 |
| 2021 | $4,164 +1.3% | $186,357 +0.4% |
| 2020 | $4,110 -3.4% | $185,546 |
| 2019 | $4,254 +4% | $185,546 +1% |
| 2018 | $4,090 +0.5% | $183,764 +1.5% |
| 2017 | $4,070 +1.4% | $181,063 |
| 2016 | $4,012 | $181,063 |
| 2015 | $4,012 -4.7% | $181,063 |
| 2014 | $4,208 +12.2% | $181,063 |
| 2013 | $3,750 +2.7% | -- |
| 2012 | $3,650 +821.7% | -- |
| 2011 | $396 +4.2% | -- |
| 2010 | $380 +5.6% | -- |
| 2009 | $360 -13% | -- |
| 2008 | $414 | -- |
Find assessor info on the county website
Neighborhood: 50156
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Nearby schools
GreatSchools rating
- 8/10Madrid Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Madrid Junior High SchoolGrades: 6-8Distance: 0.2 mi
- 8/10Madrid High SchoolGrades: 9-12Distance: 0.2 mi
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- Iowa
- Boone County
- Madrid
- 50156
- 118 Peterson Pkwy
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