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505 E 3rd St, Madrid, IA 50156 Property Records

Boone County property record for 505 E 3rd St, Madrid, IA 50156 · Last verified August 2026

Property Highlights

Property TypeResidential > Single Family > Home
Bedrooms2 Beds
Bathrooms2 Baths
Year BuiltBuilt 1880
Square Footage1,364 sqft Living Area
Lot Size8,712 sqft (0.2 acres)
OccupancyOwner Occupied
Last Sale$250,000 (2023)
Tax Bill$476.00 (2025)

Property Details

APN / Parcel Number

Primary APN088225312286163

Interior

Bedrooms2 Beds
Full Baths2 Baths
Total Rooms6 Rooms
Building Area1,364 sqft Living Area
1st Floor900 sqft 1st Floor
Basement Area450 sqft Basement
Unfinished Basement450 sqft Unfinished
Game RoomGame Room
Stories1 Stories
Primary FlooringCarpet Flooring
Interior StructureWallboard/Drywall Interior Structure

Exterior

Year BuiltBuilt 1880
Effective Year BuiltEffective 1880
Exterior MaterialVinyl Exterior
Construction TypeFrame Construction
Roof ConstructionGable Roof Construction
Roof MaterialMetal Roof
Lot Area8,712 sqft (0.2 acres)
Depth X Width132 ft x 66 ft Depth x Width
Parking Spaces1 Parking Spaces
Garage TypeDetached Garage
Garage Area396 sqft Garage
Patio Area336 sqft Patio
Porch1 Porch
Porch Area148 sqft Porch

Utilities and HVAC

Cooling SystemCentral Cooling
Heating SystemForced Air with Air Conditioning Heating
Heating FuelGas Heating Fuel

Location & Zoning

Street Address505 E 3RD ST
CityMADRID
StateIA
Zip50156-1417
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionSTOVERS 2ND ADD LOT 6 BLOCK 17 NW NW
Legal Range25W
Legal Township82N
Legal Section31
Legal SubdivisionSTOVERS 2ND ADD
Legal Block17
Legal Lot Number6
JurisdictionBOONE IA
Minor Civil DivisionGARDEN
Census Blockgroup2
Census Block2069
Census Tract20500

Owner

Source: Boone County records · APN 088225312286163

Assessment roll updated October 6, 2025 · Last verified August 2026

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

Owner of RecordIndividual Name on File
Mailing Address505 E 3RD ST, MADRID, IA 50156-1417
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Aug 02, 2018Deed of Trust, Mortgage · Line of Credit
COMMUNICATION FCU
Nov 14, 2019Deed of Trust, Mortgage · Stand Alone Refinance
COMMUNITY CHOICE CREDIT UNION
Feb 10, 2023Warranty Deed, Subdivision Related Transfer · Conventional Mortgage
LAND HOME FINANCIAL SVCS INC
Nov 12, 2021Quit Claim Deed, Transfer
Quitclaim Document
Nov 09, 2021Warranty Deed, Transfer

Assessor's Deed Record

Deed NamesVerified Name on Deed
Known Transactions
  • Last Sale Amount on Feb 10, 2023
  • Deed Sale Price on Feb 10, 2023
  • Prior Sale Amount on Nov 09, 2021
Deed Doc Number2023403
Deed Book / Page2023 / 403
Prior Transfer DateNov 04, 2021
Prior Transfer Doc02021/5757
Record RefreshedSep 20, 2026

August 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionBOONE IA
Property Address505 E 3RD ST, MADRID, IA 50156-1417
Transaction TypeMortgage
Record UpdatedJun 01, 2023

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000002018/0000003027
DateAug 02, 2018
Book Page0000002018/0000003027
Instrument000000183027
Lender
NameCOMMUNICATION FCU
TypeCredit Union
Agreement
TypeLine of Credit
AmountAmount Recorded

November 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionBOONE IA
Property Address505 E 3RD ST, MADRID, IA 50156-1417
Transaction TypeMortgage
Record UpdatedJun 01, 2023

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number02019/4429
DateNov 14, 2019
Book Page2019/4429
Instrument194429
Lender
NameCOMMUNITY CHOICE CREDIT UNION
Agreement
TypeStand Alone Refinance
AmountAmount Recorded
Term181 Months
DueDec 01, 2034

February 2023: Warranty Deed, Subdivision Related Transfer

Document TypeWarranty Deed
JurisdictionBOONE IA
Recording DateFeb 10, 2023
Property Address505 E 3RD ST, MADRID, IA 50156-1417
Document Number02023/0403
Book / Page2023 / 0403
Instrument DateFeb 02, 2023
Instrument230403
Transaction TypeSubdivision Related Transfer
Record UpdatedJun 01, 2023

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$399.20
Amount AccuracyRounded Values by County
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address505 E 3RD ST, MADRID, IA 50156-1417

Mortgage

Document Number02023/0404
DateFeb 10, 2023
Book Page2023/0404
Instrument230404
Lender
NameLAND HOME FINANCIAL SVCS INC
TypeFunding / Finance Company
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueMar 01, 2053

November 2021: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionBOONE IA
Recording DateNov 12, 2021
Property Address505 E 3RD ST, MADRID, IA 50156-1417
Document Number02021/5757
Book / Page2021 / 5757
Instrument DateNov 04, 2021
Instrument215757
Transaction TypeTransfer
Record UpdatedApr 05, 2023

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Quitclaim Document
  • Interfamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name
Address505 E 3RD ST, MADRID, IA 50156-1417

Transferred To (Grantee/Buyer)

NameVerified Name

November 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBOONE IA
Recording DateNov 09, 2021
Property Address505 E 3RD ST, MADRID, IA 50156-1417
Document Number02021/5693
Book / Page2021 / 5693
Instrument DateNov 04, 2021
Instrument215693
Transaction TypeTransfer
Record UpdatedApr 05, 2023

Transaction

AmountAmount Recorded
Tax$95.20
Amount AccuracyRounded Values by County
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipJoint Tenant/Joint Tenant w/ Right Of Survivorship
Address505 E 3RD ST, MADRID, IA 50156-1417
InvestorPossibly a Property Investor

Tax Assessment & Valuation

Source: Boone County records · Assessment roll updated October 6, 2025 · Last verified August 2026

Property Jurisdictions

TypeName
StateIowa
CountyBoone County
MunicipalityMadrid City
Unified School DistrictMadrid Community School District (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2025$476.00 Homeowner's exemption$217,080 (+526.33%) Land $22,180 Building $194,900$217,080 (+11.91%) Land $22,180 Building $194,900
2024$476.00 (-37.86%)
2023$34,659 Land $15,840 Building $18,819$193,980
2022$766.00

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