$167,800
3 Beds
1 Bath
952 sqft
506 E 2nd St, Madrid, IA 50156
Currently Off Market - Sold Jun 30, 2016 for $85,000
Home Value
Trulia Estimate
$168KSince last month
Decreased$5K (-2.8%)Since last year
Decreased$1K (-0.7%)Since last sale
Increased$83K (+98.1%)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 +96% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $168K |
| August 2026 | $168K |
| July 2026 | $173K |
| June 2026 | $175K |
| May 2026 | $175K |
| April 2026 | $174K |
| March 2026 | $172K |
| February 2026 | $168K |
| January 2026 | $162K |
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 |
|---|---|---|---|---|---|---|---|
0.24 | Single-Family Home | $75,000 | 06/18/26 | 3 | 2 | 1,771 | |
0.27 | Single-Family Home | $181,900 | 05/18/26 | 4 | 1 | 1,030 | |
0.15 | Single-Family Home | $218,000 | 05/27/26 | 3 | 2 | 1,642 |
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 |
|---|---|---|---|---|---|---|
0.07 | $184,200 | 2 | 1 | 776 | Off Market | |
0.08 | $249,900 | 2 | 2 | 1,612 | Off Market | |
0.09 | $180,300 | 3 | 1 | 1,151 | Off Market | |
0.15 | $218,000 | 3 | 2 | 1,642 | Recently Sold |
Local Information
- Map ViewExplore the area around 506 E 2nd St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Single-Family Home
Built in 1910
952 sqft
$176/sqft
Garage
About this House
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.
506 E 2nd St, Madrid, IA 50156 is a 3 bedroom, 1 bathroom, 952 sqft single-family home built in 1910. It last sold for $85,000 on Jun 30, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $167,800, with a rent estimate of $1,221/month.
Home Details for 506 E 2nd St
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Heating & Cooling Heating: Forced AirAir ConditioningHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1Floors: Carpet |
Interior Details Number of Rooms: 4 |
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Exterior Home Features Roof: AsphaltExterior: OtherFoundation Type: Masonry |
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: 9834 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 30, 2016 Source: DMMLS #514407 | Sold | $85,000 |
Apr 5, 2016 Source: Agent Provided | Listed For Sale | $80,000 |
Apr 29, 2011 Source: CIBR #32439 | Sold | $23,000 |
Mar 12, 2011 Source: Agent Provided | PriceChange | $29,900 Price decreased by 14% |
Dec 13, 2010 Source: Agent Provided | PriceChange | $34,900 Price increased by 0% |
Dec 3, 2010 Source: Agent Provided | Listed For Sale | $0 |
Oct 16, 2010 Source: Agent Provided | ListingRemoved | $0 |
Aug 14, 2010 Source: Agent Provided | PriceChange | $34,900 Price decreased by 13% |
Jul 14, 2010 Source: Agent Provided | PriceChange | $39,900 Price decreased by 11% |
Jun 11, 2010 Source: Agent Provided | PriceChange | $44,900 Price increased by 0% |
Jun 8, 2010 Source: Agent Provided | Listed For Sale | $0 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,396 | $162,720 |
Home facts updated by county records
Market trends in Madrid
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
21
6MoM
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 506 E 2nd St
- What is 506 E 2nd St estimated to be worth?Trulia's estimated value for 506 E 2nd St in Madrid, IA is $167,800.
- What is the price history for 506 E 2nd St?506 E 2nd St in Madrid, IA last sold for $85,000 in June 2016.
- 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 506 E 2nd St?The lot at 506 E 2nd St in Madrid, IA is about 0.23 acres (10,019 sq ft).
- Does 506 E 2nd St have a garage?Yes, 506 E 2nd St in Madrid, IA has a garage.
Apartments for Rent
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SOLDAUG 12, 2026
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