505 E 3rd St
Madrid, IA 50156
3 Beds
2 Baths
1,364 sqft
3 Beds
2 Baths
1,364 sqft
Home Value
Trulia Estimate
$270KSince last month
Decreased$2K (-0.7%)Since last year
Decreased$2K (-0.9%)Since last sale
Increased$17K (+6.7%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +251% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $267K |
| July 2026 | $269K |
| June 2026 | $270K |
| May 2026 | $268K |
| April 2026 | $266K |
| March 2026 | $263K |
| February 2026 | $260K |
| January 2026 | $259K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Single-Family Home | $218,000 | 05/27/26 | 3 | 2 | 1,642 | |
0.31 | Single-Family Home | $210,000 | 04/17/26 | 3 | 2 | 1,536 | |
0.35 | Single-Family Home | $168,000 | 02/09/26 | 3 | 1.5 | 1,578 | |
0.38 | Single-Family Home | $214,000 | 01/08/26 | 3 | 2 | 1,126 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.09 | $248,400 | 2 | 2 | 1,612 | Off Market | |
0.09 | $186,600 | 2 | 1 | 776 | Off Market | |
0.11 | $183,900 | 3 | 1 | 1,151 | Off Market | |
0.15 | $218,000 | 3 | 2 | 1,642 | Recently Sold |
Local Information
- Map ViewExplore the area around 505 E 3rd St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1880
Living Area
1,364 sqft
Price/Sqft
$198
Parking
Garage
About this House
You will not want to miss this completely renovated gorgeous ranch home in Madrid. This home hosts 3 bedrooms with 2 bathrooms with just under 1400 square feet, and has beautiful craftmanship. You will enjoy a true master bedroom with walk in closet, and 3/4 bath. You will love the kitchen with plenty of storage and soft close doors. This home offers great privacy as you can sit and enjoy a cup of coffee or BBQ on your open patio that is not facing the road. This home is better than brand new with many upgrades you will not find in brand new construction. Call today for more information! All information obtained from seller and public records.
505 E 3rd St, Madrid, IA 50156 is a 3 bedroom, 2 bathroom, 1,364 sqft single-family home built in 1880. It last sold for $250,000 on Feb 8, 2023. It is currently off market. The Trulia Estimate is $269,500, with a rent estimate of $1,517/month.
Home Details for 505 E 3rd St
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Interior Details BasementNumber of Rooms: 6 |
Heating & Cooling Heating: Forced AirAir ConditioningHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1Floors: Carpet, Laminate |
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Exterior Home Features Roof: MetalDeckExterior: OtherFoundation Type: OtherPatio |
Parking & Garage GarageParking Spaces: 2Parking: Garage Detached |
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Year Built Year Built: 1880 |
Property Type / Style Property Type: Single Family HomeArchitecture: A-frame |
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Lot Area: 8712 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 8, 2023 Source: DMMLS #662034 | Sold | $250,000 |
Jan 9, 2023 Source: DMMLS #662034 | Pending | $250,000 |
Nov 14, 2022 Source: DMMLS #662034 | PriceChange | $250,000 Price decreased by 4% |
Oct 14, 2022 Source: CIBR #61163 | Listed For Sale | $260,000 |
Nov 9, 2021 Source: N/A | Sold | $60,000 |
Jul 25, 2018 Source: N/A | Sold | $56,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $476 | $217,080 |
Home facts updated by county records
Market trends in Madrid
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
15
Around this home
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 505 E 3rd St
- What is 505 E 3rd St estimated to be worth?Trulia's estimated value for 505 E 3rd St in Madrid, IA is $269,500.
- What is the price history for 505 E 3rd St?505 E 3rd St in Madrid, IA last sold for $250,000 in February 2023.
- Is Madrid a buyer's or seller's market?Madrid is currently a buyer's market, based on recent for-sale activity.
- What do residents say about Madrid?Residents describe Madrid, IA as quiet, well-kept, and walkable to restaurants. See recently sold homes in Madrid, IA.
- How big is the lot at 505 E 3rd St?The lot at 505 E 3rd St in Madrid, IA is about 0.20 acres (8,712 sq ft).
- Does 505 E 3rd St have a garage?Yes, 505 E 3rd St in Madrid, IA has a garage.
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