402 E 1st St, Madrid, IA 50156 Property Records

Boone County property record for 402 E 1st St, Madrid, IA 50156

Property Summary

Property Type	Single Family Home
Details	2 bd · 1 ba · 1,151 sqft · built 1900
Lot Size	0.203 acres (8,844 sqft)
Owner	Individual Name on Record
Last Sale	$149,000 (Aug 2023)
Tax Bill	$2,290 (2024)
Deeds & Mortgages	Aug 2023 Sale & Mortgage Oct 2021 Transfer
Flood Zone	Zone X (minimal risk)
APN	`088226361186088`

Property Details

APN / Parcel Number

Primary APN	`088226361186088`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Total Rooms	4 Rooms
Stories	1 Story
Building Area	1,151 sqft Living Area
1st Floor Area	737 sqft
Basement Area	368 sqft
Game Room	Game Room
Interior Walls	Plaster

Exterior

Year Built	Built 1900
Exterior Material	Composition/Composite
Construction Type	Frame
Foundation Type	Block
Roof Type	Hip
Roof Material	Asphalt
Lot Area	8,844 sqft (0.203 acres)
Lot Dimensions	132 ft deep x 67 ft wide
Garage Type	Mixed
Garage Area	725 sqft
Carport	Carport
Carport Area	300 sqft
Parking Spaces	4 Parking Spaces
Porch	Porch
Porch Area	114 sqft
Deck Area	68 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air
Heating Fuel	Gas

Location & Zoning

Street Address	402 E 1ST ST
City	MADRID
State	IA
Zip	50156-1110
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	INC
Legal Description	STOVERS 1ST ADD W 1/2 OF LOTS 1 & 2 (EX W 24') BLOCK 1 NE NE
Legal Range	26
Legal Township	82
Legal Section	36
Legal Subdivision	STOVERS 1ST ADD
Legal Block	1
Legal Lot Number	1,2 2
Jurisdiction	BOONE IA
Township / Civil Division	DOUGLAS
Census Block Group	2
Census Block	2063
Census Tract	20500

Owner

Source: Boone County records, as of October 3, 2025

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

Owner of Record	Individual Name on Record
Mailing Address	402 E 1ST ST, MADRID, IA 50156-1110
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Aug 7, 2023	Warranty Deed, Transfer · FHA Mortgage MORTGAGE RESEARCH CENTER LLC
Oct 27, 2021	Intrafamily Transfer, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 7, 2023 · Amount on Record
Deed Sale	Aug 7, 2023 · Amount on Record
Deed Document Number	232619
Deed Book / Page	2023 / 2619
Record Updated	Jun 8, 2026

August 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BOONE IA
Recording Date	Aug 7, 2023
Property Address	402 E 1ST ST, MADRID, IA 50156-1110
Document Number	02023/2619
Book / Page	2023 / 2619
Instrument Date	Aug 5, 2023
Instrument	232619
Transaction Type	Transfer
Record Updated	Sep 29, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$237.60
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	402 E 1ST ST, MADRID, IA 50156-1110
Investor	Possibly a Property Investor

Mortgage

Document Number	0000232620
Date	Aug 7, 2023
Instrument	232620

Lender

Name	MORTGAGE RESEARCH CENTER LLC
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Aug 1, 2053

October 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	BOONE IA
Recording Date	Oct 27, 2021
Property Address	402 E 1ST ST, MADRID, IA 50156-1110
Document Number	02021/5427
Book / Page	2021 / 5427
Instrument Date	Oct 13, 2021
Instrument	215427
Transaction Type	Transfer
Record Updated	Oct 24, 2022

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	214 W MAPLE ST, OGDEN, IA 50212-2022

Tax Assessment & Valuation

Source: Boone County assessment roll, as of May 1, 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		$155,600 (+32.44%) Land $22,510 Building $133,090	$155,600 (+32.44%) Land $22,510 Building $133,090
2024	$2,290.00 (+11.27%)
2023		$117,486 Land $16,080 Building $101,406	$117,486 Land $16,080 Building $101,406
2022	$2,058.00

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
Nearest Special Flood Hazard Area	Zone A, within 500 ft
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	None beyond ember reach

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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