509 E  1st St, Madrid, IA 50156
Property image
Property image
SOLD
JUN 11, 2026

509 E 1st St
Madrid, IA 50156

  • 2 Beds
  • 1 Bath
  • 828 sqft (on 0.26 acres)

$160,000

Last Sold: Jun 11, 2026
$193/sqft
Est. Refi. Payment $886/mo*

$160,000

Last Sold: Jun 11, 2026
$193/sqft
Est. Refi. Payment $886/mo*
2 Beds
1 Bath
828 sqft
(on 0.26 acres)

Local Information

  • Map ViewExplore the area around 509 E 1st St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1920
Lot Size
0.26 acres
Living Area
828 sqft
Price/Sqft
$193/sqft

Description

Charming 2 bedroom, 1 bathroom ranch that is move in ready and full of character. From the moment you walk in, you'll notice the arched doorways that give this home a unique feel you don't see every day.
The main living areas offer a comfortable layout with plush carpet and great natural light. The kitchen features a tile backsplash and comes fully equipped with refrigerator and stove, making for an easy transition for the next owner.
Major update with all new windows installed in March 2025, helping with efficiency while bringing in even more natural light throughout the home. Gas forced air heat and central air keep things comfortable year round.
Located in a great area with quick access to the High Trestle Trail, perfect for biking, walking, and enjoying the outdoors.

All information obtained from seller an dpublic record.
509 E 1st St, Madrid, IA 50156 is a 2 bedroom, 1 bathroom, 828 sqft single-family home built in 1920. It last sold for the $160,000 asking price on Jun 11, 2026. It is currently off market. The Trulia Estimate is $160,600, with a rent estimate of $930/month.

Home Details for 509 E 1st St

Interior Features

Interior Details
Basement: Partially Finished
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 828 Square Feet
Appliances & Utilities
Appliances: Refrigerator, StoveRefrigerator
Heating & Cooling
Heating: Forced Air,Gas,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Windows, Doors, Floors & Walls
Flooring: Tile
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile

Exterior Features

Exterior Home Features
Foundation: Brick/Mortar
Frontage
Road Surface Type: ConcreteNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 272 Square Feet

Days on Market

Cumulative Days on Market: 34

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Stucco
Property Information
Parcel Number: 088225312286102

Price & Status

Price
List Price: $160,000Price Per Sqft: $193/sqft
Status Change & Dates
Off Market Date: Tue May 05 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: Madrid
School Information
Elementary School District: MadridJr High / Middle School District: MadridHigh School District: Madrid

Building

Building Area
Building Area: 828 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Des Moines Area Association of REALTORSNo HOA

Lot Information

Lot Area: 0.26 acres

Offer

Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Miscellaneous

BasementMls Number: 737330Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19015-N-088225312286102-R-N

Additional Information

Days On Market Replication: 34
Last check for updates: about 15 hours ago
Listed by Bo Cosens
RE/MAX Precision
Bought with: OUTSIDE AGENT, OTHER
Originating MLS: Des Moines Area Association of REALTORS
Source: DMMLS, MLS#737330

Price History for 509 E 1st St

DatePriceEventSource
06/11/2026$160,000Sold
DMMLS #737330
05/05/2026$160,000PendingDMMLS #737330
03/31/2026$160,000Listed For SaleDMMLS #737330
01/06/2026$169,900ListingRemovedDMMLS #714274
11/02/2025$169,900PriceChange
DMMLS #714274
08/22/2025$172,000PriceChange
DMMLS #714274
06/26/2025$179,000PriceChange
DMMLS #714274
05/13/2025$184,000PriceChange
DMMLS #714274
04/07/2025$189,000PriceChange
DMMLS #714274
03/27/2025$195,000Listed For SaleDMMLS #714274
06/22/2017$66,000Sold
CIBR #46980
04/11/2006$61,000Sold
N/A

Market trends in Madrid

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
15
1
MoM
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Property Tax and Assessment

Year2025
Tax$2,002
Assessment$134,890
Home facts updated by county records

Comparable Sales for 509 E 1st St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.45
Single-Family Home
$185,000
01/02/26
2
1
768
0.15
Single-Family Home
$161,900
03/24/26
2
2
1,064
0.22
Single-Family Home
$195,000
06/30/26
3
1
1,288
0.46
Single-Family Home
$89,900
04/22/26
2
1
794
0.48
Single-Family Home
$175,000
03/20/26
3
1
932
0.23
Single-Family Home
$255,000
11/04/25
3
2
972
0.41
Single-Family Home
$141,000
02/04/26
2
1.5
1,232
0.38
Single-Family Home
$181,900
05/18/26
4
1
1,030

Nearby homes

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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

Apartments for Rent

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Homes for sale near 509 E 1st St

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Off Market Homes Near 509 E 1st St

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