509 E  3rd St, Madrid, IA 50156
OFF MARKET

$199,900

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,008 sqft

509 E 3rd St, Madrid, IA 50156

Est. Refi. Payment $1,433/mo*
Refinance Your Home

Home Value

Trulia Estimate
$200K
Since last month
Increased$1K (+0.6%)
Since last year
Increased$16K (+8.5%)
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 +121% in the last 10 years
MonthEstimated value
2026
October 2026$200K
September 2026$199K
August 2026$199K
July 2026$204K
June 2026$205K
May 2026$202K
April 2026$200K
March 2026$197K
February 2026$185K
January 2026$185K
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
0.17
Single-Family Home
$218,000
05/27/26
3
2
1,642
0.38
Single-Family Home
$214,000
01/08/26
3
2
1,126
0.26
Single-Family Home
$75,000
06/18/26
3
2
1,771
0.33
Single-Family Home
$210,000
04/17/26
3
2
1,536

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
0.01
$152,700
2
1
818
Off Market
0.02
$264,500
3
2
1,364
Off Market
0.03
$261,600
3
2
1,300
Off Market
0.03
$248,000
3
2
1,808
Off Market
0.03
$166,700
3
1
952
Off Market
0.03
$138,100
3
1
952
Off Market
0.03
$159,700
3
1
1,504
Off Market
0.04
$154,800
3
1
1,240
Off Market
0.04
$253,000
3
2
1,260
Off Market
0.05
$170,200
3
1
1,008
Off Market
0.05
$131,800
2
1
856
Off Market
0.06
$199,200
3
2
1,536
Off Market
0.06
-
Studio
-
-
Off Market
0.06
-
Studio
-
-
Off Market
0.06
$262,200
Studio
-
195
Off Market
0.06
-
-
-
-
Off Market
0.07
-
Studio
-
2,400
Off Market
0.07
$243,300
3
1.5
1,664
Off Market
0.07
-
Studio
1
-
Off Market
0.07
$125,200
2
1
1,059
Off Market

Local Information

  • Map ViewExplore the area around 509 E 3rd St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1880
1,008 sqft
$198/sqft
Garage

About this House

This single-family home is located at 509 E 3rd St, Madrid, IA. 509 E 3rd St is in Madrid, IA and in ZIP code 50156. This property has 3 bedrooms, 2 bathrooms and approximately 1,008 sqft of floor space. This property has a lot size of 9240 sqft and was built in 1880.
509 E 3rd St, Madrid, IA 50156 is a 3 bedroom, 2 bathroom, 1,008 sqft single-family home built in 1880. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $199,900, with a rent estimate of $1,328/month.

Home Details for 509 E 3rd St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Linoleum Vinyl
Interior Details
Number of Rooms: 8

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: OtherFoundation Type: Concrete Block
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1880
Property Type / Style
Property Type: Single Family HomeArchitecture: A-frame

Lot Information

Lot Area: 9240 sqft

Price and Tax history

YearProperty taxTax assessment
2025
$2,642
$189,430
Home facts updated by county records

Market trends in Madrid

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
20
1
MoM
Sourced by Trulia Market Trends

What Locals Say about Madrid

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 83% say there's holiday spirit
  • 59% say neighbors are friendly
  • 56% say there are sidewalks
Trulia Trick or TreatStart Ghost Hunt
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

Frequently asked questions about 509 E 3rd St

  • What is 509 E 3rd St estimated to be worth?
    Trulia's estimated value for 509 E 3rd St in Madrid, IA is $199,900.
  • 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.
  • What are the closest schools to 509 E 3rd St?
    The closest schools to 509 E 3rd St in Madrid, IA are Madrid Elementary School (rated 8/10), Madrid High School (rated 8/10), Madrid Junior High School (rated 7/10).
  • How big is the lot at 509 E 3rd St?
    The lot at 509 E 3rd St in Madrid, IA is about 0.21 acres (9,240 sq ft).
  • Does 509 E 3rd St have a garage?
    Yes, 509 E 3rd St in Madrid, IA has a garage.

Apartments for Rent

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Off Market Homes Near 509 E 3rd St

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Homes for sale near 509 E 3rd St

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