For sale

Price cut: $5K (8/3)

$255,000

407 N Market St, Madrid, IA 50156

4beds

1,936sqft

$1,764/mo

Get pre-qualified

Single Family Residence, Residential

Built in 1958

0.3 Acres Lot

$249,200 Zestimate^®

$132/sqft

$-- HOA

What's special

Open floor planHardwood floorsSingle car garageMain level laundry roomNewer privacy fenceNice garden shedAppliances are included

Great Location on this four bedroom, two bath home. Located on quite dead end street. It is a short walk to the Madrid elementary school uptown Madrid and High Trestle Trail. Open floor plan with over 1,900 SQ. Ft of finished living area. Huge updated kitchen with island bar and appliances are included. The main bedroom has attached full bath with double vanity. Main level laundry room could double as a 5th bedroom. Large double lot with newer privacy fence. Updates include newer roof, water lines, hardwood floors, fence and kitchen. Single car garage and nice garden shed.

70 days

492

27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry: Main Level

Features

Ceiling Fan(s)
Flooring: Vinyl, Hardwood, Carpet
Windows: Window Treatments
Basement: None

Interior area

Total structure area: 1,936
Total interior livable area: 1,936 sqft
Finished area above ground: 1,936
Finished area below ground: 0

Property

Parking

Parking features: Garage
Has garage: Yes

Features

Fencing: Fenced

Lot

Size: 0.3 Acres
Dimensions: 100 x 132
Features: Level

Details

Parcel number: 088226254386130
Zoning: Residential
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Residential

Materials

Foundation: Block, Tile

Condition

Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Madrid

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $253,940
Annual tax amount: $4,710
Date on market: 6/17/2026
Road surface type: Hard Surface

Estimated market value

$249,200

$237,000 - $262,000

$1,872/mo

Price history

Date	Event	Price
8/3/2026	Price change	$255,000-1.9%$132/sqft
Source: CIBR #70499 Report a problem
6/17/2026	Listed for sale	$260,000+57.6%$134/sqft
Source: CIBR #70499 Report a problem
10/2/2020	Sold	$165,000$85/sqft
Source: DMMLS #608901 Report a problem
8/4/2020	Pending sale	$165,000$85/sqft
Source: Keller Williams Realty GDM #608901 Report a problem
7/31/2020	Listed for sale	$165,000$85/sqft
Source: Keller Williams Realty GDM #608901 Report a problem
7/12/2020	Pending sale	$165,000$85/sqft
Source: Keller Williams Realty GDM #608901 Report a problem
7/8/2020	Price change	$165,000-2.9%$85/sqft
Source: Keller Williams Realty GDM #608901 Report a problem
7/2/2020	Price change	$170,000+3%$88/sqft
Source: Keller Williams Realty GDM #608901 Report a problem
6/19/2020	Listed for sale	$165,000+10.7%$85/sqft
Source: Owner Report a problem
4/16/2009	Sold	$149,000+246.5%$77/sqft
Source: Public Record Report a problem
8/24/2007	Sold	$43,000$22/sqft
Source: DMMLS #302636 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,710 +3.4%	$253,940 +5%
2024	$4,556 +8.3%	$241,733
2023	$4,206	$241,733 +26.9%
2022	$4,206 -6.6%	$190,516
2021	$4,504 +1.2%	$190,516 +1.5%
2020	$4,452 +7.1%	$187,792
2019	$4,156 +20%	$187,792 +11.8%
2018	$3,464 -13%	$168,029 +17.2%
2017	$3,982 +17%	$143,369
2016	$3,402	$143,369
2015	$3,402 +2.1%	$143,369
2014	$3,332 +4.3%	$143,369
2013	$3,194 +3.8%	--
2012	$3,078 +48.1%	--
2011	$2,078 +3.2%	--
2010	$2,014 +5.1%	--
2009	$1,916 +3.1%	--
2008	$1,859 +118.2%	--
2007	$852	--