502 E 2nd St
Madrid, IA 50156
3 Beds
1 Bath
952 sqft (on 0.43 acres)
$159,500
as of Jun 30, 2026
$159,500
as of Jun 30, 2026
3 Beds
1 Bath
952 sqft
(on 0.43 acres)
Local Information
- Map ViewExplore the area around 502 E 2nd St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
Welcome to small town living here in Madrid Iowa. This home is nestled right in the heart of this cute town with a great school system, and just twenty minutes from anywhere in the metro you would want to be. The home features 3 bedrooms, 1 bath, with tons of function on this floor plan. It has a nice mud room and main floor laundry. This home has received a face lift in the last five years with new windows, siding, flooring, paint, air conditioner, furnace, and a full professional rewire of the home. This home has a great oversized back garage, alley access, and a sprawling back yard complete with tire swing. Priced well so won't last long.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 502 E 2nd St
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Heating & Cooling Heating: OtherHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 1Floors: Carpet |
Interior Details Number of Rooms: 5 |
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Exterior Home Features Roof: AsphaltExterior: OtherFoundation Type: Concrete Block |
Parking & Garage GarageParking: Garage Detached |
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Year Built Year Built: 1910 |
Property Type / Style Property Type: Single Family HomeArchitecture: A-frame |
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Lot Area: 0.43 acres |
Price History for 502 E 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/05/2016 | $80,000 | ListingRemoved | Agent Provided |
| 04/02/2016 | $80,000 | Listed For Sale | Agent Provided |
| 12/11/2006 | $62,500 | Sold | N/A |
Market trends in Madrid
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
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Available listings
16
1MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,152 |
| Assessment | $150,780 |
Home facts updated by county records
Comparable Sales for 502 E 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Single-Family Home | $150,000 | 08/29/25 | 2 | 1 | 818 | |
0.25 | Single-Family Home | $181,900 | 05/18/26 | 4 | 1 | 1,030 | |
0.32 | Single-Family Home | $205,000 | 12/23/25 | 3 | 2 | 936 | |
0.14 | Single-Family Home | $218,000 | 05/27/26 | 3 | 2 | 1,642 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
Assigned Schools
These are the assigned schools for 502 E 2nd St.
- Madrid Elementary School
- K-5
- Public
- 263 Students
7/10GreatSchools RatingParent Rating AverageMy grandsons attend this school. They enjoy it because the class sizes aren't huge, like Des Moines. Great school!!!Other Review16y ago - Madrid High School
- 9-12
- Public
- 194 Students
8/10GreatSchools RatingParent Rating AverageN/AParent Review18y ago - Madrid Junior High School
- 6-8
- Public
- 154 Students
7/10GreatSchools RatingParent Rating AverageN/AParent Review18y ago 
Check out schools near 502 E 2nd St.
What Locals Say about Madrid
At least 5 Trulia users voted on each feature.
100 % Say it's quiet
90 % Say yards are well-kept
89 % Say it's walkable to restaurants
88 % Say parking is easy
86 % Say it's dog friendly
86 % Say car is needed
83 % Say there's holiday spirit
80 % Say people would walk alone at night
80 % Say kids play outside
59 % Say neighbors are friendly
57 % Say it's walkable to grocery stores
56 % Say there are sidewalks
50 % Say there's wildlife
45 % Say streets are well-lit
44 % Say they plan to stay for at least 5 years
Sourced by Trulia users. Learn more about our methodology.
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Off Market Homes Near 502 E 2nd St
502 E 2nd St, Madrid, IA 50156 is a 3 bedroom, 1 bathroom, 952 sqft single-family home built in 1910. This property is not currently available for sale. 502 E 2nd St was last sold on Dec 11, 2006 for $62,500. The current Trulia Estimate for 502 E 2nd St is $159,500.