Pending

Price cut: $5K (6/23)

$229,900

616 S Kennedy Ave, Madrid, IA 50156

2beds

1,232sqft

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Single Family Residence

Built in 1919

0.27 Acres Lot

$226,800 Zestimate^®

$187/sqft

$-- HOA

What's special

Granite countertopsFresh paint and flooringStunning craftsman-style cabinetryNice outdoor yard spaceVersatile denFully updated kitchenElegant glass display cabinets

Step into this timeless Craftsman home, full of charm and thoughtful updates. This inviting residence features 2 bedrooms and 1.5 baths, along with a versatile den that can serve as a home office, playroom, or additional living space. Showcased by stunning Craftsman-style cabinetry, elegant glass display cabinets, and granite countertops, the fully updated kitchen creates a warm and functional space for cooking, baking and entertaining. The updates continue throughout with fresh paint & flooring and all-new full bath, seamlessly blending historical charm and modern amenities. Extended useable space is found in the 3 season porch and unfinished basement- ideal for storage, hobbies, or a workshop, plus an unfinished walk-up attic offering exciting potential for future expansion and added living space. Nice outdoor yard space rounds out this opportunity- and character-filled property!

20 days

94

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bedrooms: 2

Heating

Forced Air, Gas, Natural Gas

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer

Features

Dining Area
Flooring: Tile
Basement: Unfinished

Interior area

Total structure area: 1,232
Total interior livable area: 1,232 sqft

Property

Parking

Total spaces: 2
Parking features: Detached, Garage, Two Car Garage
Garage spaces: 2

Features

Stories: 1

Lot

Size: 0.27 Acres

Details

Parcel number: 088226361486098
Zoning: City

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Foundation: Block
Roof: Asphalt,Shingle

Condition

Resale
New construction: No
Year built: 1919

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Madrid

Financial & listing details

Price per square foot: $187/sqft
Tax assessed value: $186,990
Annual tax amount: $3,097
Date on market: 6/3/2026
Cumulative days on market: 45 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Road surface type: Concrete

Estimated market value

$226,800

$215,000 - $238,000

$1,370/mo

Price history

Date	Event	Price
7/1/2026	Pending sale	$229,900$187/sqft
Source: DMMLS #742230 Report a problem
6/23/2026	Price change	$229,900-2.1%$187/sqft
Source: DMMLS #742230 Report a problem
6/3/2026	Listed for sale	$234,900-0.7%$191/sqft
Source: DMMLS #742230 Report a problem
6/2/2026	Listing removed	--
Source: Owner Report a problem
5/18/2026	Listed for sale	$236,500+67.7%$192/sqft
Source: Owner Report a problem
2/4/2026	Sold	$141,000$114/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,898 +3.6%	$186,990 +17.6%
2024	$2,798 +8.6%	$158,956
2023	$2,576 +0.1%	$158,956 +26.6%
2022	$2,574 +4.5%	$125,531
2021	$2,462 +1.3%	$125,531 +12.8%
2020	$2,430 +36.4%	$111,288
2019	$1,782 +3.1%	$111,288 +38.1%
2018	$1,728 +1.5%	$80,571 +0.7%
2017	$1,702 +0.6%	$80,010
2016	$1,692	$80,010
2015	$1,692 +2.4%	$80,010
2014	$1,652 +4.7%	$80,010
2013	$1,578 +1.3%	--
2012	$1,558 +18.6%	--
2011	$1,314 +3.8%	--
2010	$1,266 +6.9%	--
2009	$1,184 +5.7%	--
2008	$1,120 +3.3%	--
2007	$1,084	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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