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For salePrice cut: $5K (7/20)
$264,900
3beds
1,848sqft

309 E 1st St, Madrid, IA 50156

3beds
1,848sqft
Single family residence
Built in 1900
0.48 Acres
2 Garage spaces
$143 price/sqft

What's special

Total privacy and securityExpansive outdoor retreatThree well-sized bedroomsSpacious interior livingMassive fully fenced-in backyardBrand-new patioExpansive green space

Welcome to your private oasis in Madrid! It is incredibly rare to find a city home that offers both spacious interior living and an expansive outdoor retreat, making this beautifully maintained 3-bedroom, 2-bathroom residence a truly unique find. Inside, you will find a bright and airy floor plan featuring generous living areas with excellent natural light, perfect for both relaxing and entertaining. The three well-sized bedrooms offer plenty of flexibility for a growing family, guest quarters, or a dedicated home office. The true crown jewel of this property is the exceptionally large, unique lot—a literal needle in a haystack for the Madrid market. Step right off the back of the home onto a brand-new patio, your perfect spot for morning espresso, al fresco dining, or weekend barbecues. The patio overlooks a massive, fully fenced-in backyard that offers total privacy and security. This expansive green space is a completely blank canvas for whatever your heart desires, whether you want to cultivate a garden, create a secure play area, or give your pets room to roam. This home combines peaceful residential living with city convenience. Properties with this size lot and private outdoor space are a rare find and this one is priced aggressively for a quick sale. Schedule your viewing today before this incredible opportunity slips away!

100 days
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387
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20
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Source: DMMLS,MLS#: 741468MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

Erin Rundall (515)326-0369,

Keller Williams Realty GDM,

Staci Burr 515-689-9226,

Keller Williams Realty GDM

Source: DMMLS,MLS#: 741468MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • Main level bedrooms: 1
Heating
  • Forced Air, Gas, Natural Gas
Cooling
  • Central Air
Appliances
  • Included: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
  • Laundry: Main Level
Features
  • Dining Area, Window Treatments
  • Flooring: Laminate, Tile
  • Basement: Unfinished
Interior area
  • Total structure area: 1,848
  • Total interior livable area: 1,848 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 2
  • Parking features: Detached, Garage, Two Car Garage
  • Garage spaces: 2
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered, Deck, Open, Patio, Porch, Screened
  • Exterior features: Deck, Enclosed Porch, Patio
  • Fencing: Chain Link,Wood
Lot
  • Size: 0.48 Acres
  • Dimensions: 102 x 205
Details
  • Parcel number: 088226361186021
  • Zoning: Res

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subtype: Single Family Residence
Materials
  • Vinyl Siding
  • Foundation: Block
  • Roof: Asphalt,Shingle
Condition
  • Year built: 1900

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Security: Smoke Detector(s)
HOA
  • Has HOA: No
Location
  • Region: Madrid

Financial & listing details

  • Price per square foot: $143/sqft
  • Tax assessed value: $302,710
  • Annual tax amount: $4,630
  • Date on market: 5/22/2026
  • Cumulative days on market: 101 days
  • Listing terms: Cash,Conventional,FHA,VA Loan
  • Road surface type: Concrete

Price history

DateEventPrice
7/20/2026Price change$264,900-1.9%$143/sqft
Source: DMMLS #741468 Report a problem
5/22/2026Listed for sale$269,900+22.7%$146/sqft
Source: DMMLS #741468 Report a problem
8/18/2021Sold$220,000$119/sqft
Source: DMMLS #630100 Report a problem
6/25/2021Pending sale$220,000$119/sqft
Source: DMMLS #630100 Report a problem
6/16/2021Price change$220,000-1.8%$119/sqft
Source: DMMLS #630100 Report a problem
6/7/2021Price change$224,000-2.2%$121/sqft
Source: DMMLS #630100 Report a problem
5/27/2021Listed for sale$229,000+23.8%$124/sqft
Source: DMMLS #630100 Report a problem
3/24/2021Listing removed--
Source: Owner Report a problem
12/8/2017Sold$185,000-3.9%$100/sqft
Source: CIBR #48380 Report a problem
9/18/2017Listed for sale$192,500+45.8%$104/sqft
Source: Owner Report a problem
5/16/2013Sold$132,000$71/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2025$4,630 +3.3%$302,710 +27.4%
2024$4,480 +5.1%$237,639
2023$4,264 $237,639 +23%
2022$4,264 -1.3%$193,173
2021$4,322 +1.2%$193,173 +7.2%
2020$4,272 +38.1%$180,251
2019$3,094 +22.7%$180,251 +44.1%
2018$2,522 -14.9%$125,054 +19.8%
2017$2,964 +19.6%$104,407
2016$2,478 $104,407
2015$2,478 +2.1%$104,407
2014$2,426 +14.3%$104,407
2013$2,122 +1.9%--
2012$2,082 +19.2%--
2011$1,746 +3.6%--
2010$1,686 +6.6%--
2009$1,582 +5.6%--
2008$1,498 +3%--
2007$1,454 --

Find assessor info on the county website

Monthly payment

Est. payment
$1,682/mo
Principal & interest
$1366
Property taxes
$316
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 50156

Nearby schools

Madrid Elementary School
Grades K-5 • 0.3 miles
8/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
8/10
Madrid Junior High School
Grades 6-8 • 0.5 miles
7/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
7/10
Madrid High School
Grades 9-12 • 0.5 miles
8/10
GreatSchools® Rating
Test Score Rating
7/10
College Readiness Rating
9/10
Student Progress Rating
9/10

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