227 S State St, Madrid, IA 50156 Property Records

Boone County property record for 227 S State St, Madrid, IA 50156

Property Summary

Property Type	Medical Building
Details	1,716 sqft · built 1920
Lot Size	0.067 acres (2,904 sqft)
Owner	Company Name on Record
Last Sale	$113,000 (Feb 2026)
Tax Bill	$1,706 (2025)
Deeds & Mortgages	Jul 2026 Mortgage Jul 2026 Mortgage + 3 more
Flood Zone	Zone X (minimal risk)
APN	`088226361186069`

Property Details

APN / Parcel Number

Primary APN	`088226361186069`

Interior

Stories	1 Story
Building Area	1,716 sqft Gross Area
1st Floor Area	1,716 sqft
Basement Area	1,716 sqft
Overhead Door	Overhead Door

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Exterior Material	Brick
Roof Material	Shingle
Lot Area	2,904 sqft (0.067 acres)
Lot Dimensions	132 ft deep x 22 ft wide
Porch	Slab
Deck Area	1 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C
Water Source	Commercial

Location & Zoning

Street Address	227 S STATE ST
City	MADRID
State	IA
Zip	50156-1319
Property Category	Commercial
Property Type	Commercial > Office > Medical Building
Local Zoning Code	INC
Legal Description	BOLLE ROW ADD N 22' OF LOT 6 BLK 3 NE NE
Legal Range	26W
Legal Township	82N
Legal Section	36
Legal Subdivision	BOLLE ROW ADD
Legal Block	3
Legal Lot Number	6
Jurisdiction	BOONE IA
Township / Civil Division	DOUGLAS
Census Block Group	2
Census Block	2067
Census Tract	20500

Owner

Source: Boone County records, as of August 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1105 RIDGEWOOD DR, HUXLEY, IA 50124-4703
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jul 20, 2026	Deed of Trust, Mortgage · Conventional Mortgage NONE LISTED ON DOCUMENT
Jul 20, 2026	Deed of Trust, Mortgage · Conventional Mortgage NONE LISTED ON DOCUMENT
Jul 2, 2010	Deed of Trust, Mortgage CITY STATE BANK
Feb 27, 2026	Warranty Deed, Transfer HUXLEY COMMUNICATIONS COOPERATIVE
Jul 1, 2020	Warranty Deed, Transfer · Commercial Mortgage RACCOON VALLEY BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 27, 2026 · Amount on Record
Deed Sale	Feb 27, 2026 · Amount on Record
Prior Sale	Jul 1, 2020 · Amount on Record
Deed Document Number	2026728
Deed Book / Page	2026 / 728
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BOONE IA
Recording Date	Jul 20, 2026
Property Address	227 S STATE ST, MADRID, IA 50156-1319
Document Number	0000002753
Book / Page	2026 / 2753
Instrument Date	Jul 15, 2026
Instrument	20262753
Transaction Type	Mortgage
Record Updated	Jul 30, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	227 S STATE ST, MADRID, IA 50156-1319

Mortgage

Document Number	0000002753,
Date	Jul 20, 2026
Book Page	2026/2753
Instrument	20262753

Lender

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	84 Months
Due	Jul 15, 2033

Interest

Rate	6.47%
Max Rate	-1%

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BOONE IA
Recording Date	Jul 20, 2026
Property Address	227 S STATE ST, MADRID, IA 50156-1319
Document Number	0000002752
Book / Page	2026 / 2752
Instrument Date	Jul 15, 2026
Instrument	20262752
Transaction Type	Mortgage
Record Updated	Jul 30, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	227 S STATE ST, MADRID, IA 50156-1319

Mortgage

Document Number	0000002752,
Date	Jul 20, 2026
Book Page	2026/2752
Instrument	20262752

Lender

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	84 Months
Due	Jul 15, 2033

Interest

Rate	6.47%
Max Rate	-1%

July 2010: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BOONE IA
Property Address	227 S STATE ST, MADRID, IA 50156-1319
Transaction Type	Mortgage
Record Updated	Mar 17, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	02010/2523
Date	Jul 2, 2010
Book Page	2010/2523
Instrument	102523

Lender

Name	CITY STATE BANK
Address	GRIMES, IA 50111

Agreement

Amount	Amount Recorded

February 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BOONE IA
Recording Date	Feb 27, 2026
Property Address	227 S STATE ST, MADRID, IA 50156-1319
Document Number	002026/728
Book / Page	2026 / 728
Instrument Date	Feb 26, 2026
Instrument	260728
Transaction Type	Transfer
Record Updated	Mar 17, 2026

Transaction

Amount	Amount Recorded
Tax	$180.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1105 RIDGEWOOD DR, HUXLEY, IA 50124-4703

Mortgage

Document Number	0000260743
Date	Feb 27, 2026
Instrument	260743

Lender

Name	HUXLEY COMMUNICATIONS COOPERATIVE
Type	Non-Lending Institution

Agreement

Amount	Amount Recorded
Term	84 Months
Due	Feb 27, 2033

Mortgage

Document Number	002026/729
Date	Feb 27, 2026
Book Page	2026/729
Instrument	260729

Lender

Name	SOUTH STORY BANK & TRUST
Type	Bank
Address	SLATER, IA 50244

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Feb 27, 2046

July 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BOONE IA
Recording Date	Jul 1, 2020
Property Address	227 S STATE ST, MADRID, IA 50156-1319
Document Number	0000202972
Instrument Date	Jun 23, 2020
Instrument	202972
Transaction Type	Transfer
Record Updated	Mar 17, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$103.20
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	12812 TIMBERLINE DR, URBANDALE, IA 50323-1719

Mortgage

Document Number	0000202973
Date	Jul 1, 2020
Instrument	202973

Lender

Name	RACCOON VALLEY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Boone County assessment roll, as of October 6, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Boone County
Municipality	Madrid City
Unified School District	Madrid Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,706.00	$113,620 (+29.75%) Land $6,760 Building $106,860	$113,620 (+29.75%) Land $6,760 Building $106,860
2024	$1,706.00 (-4.37%)
2023		$87,569 Land $4,224 Building $83,345	$87,569 Land $4,224 Building $83,345
2022	$1,784.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective October 20, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 49% of Iowa
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	XENIA RWD (MADRID) private · serves 1,635 people · EPA ID IA0848701
Water Source	Purchased groundwater influenced by surface water from MADRID WATER DEPARTMENT
Last State Inspection	Sep 2024
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Apr 2017
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 343 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Huxley Communications Cooperative Fiber	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
Windstream DSL · Fiber in parts of the area	200 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Mediacom Xtream.

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