506 E 2nd St, Madrid, IA 50156 Property Records

Boone County property record for 506 E 2nd St, Madrid, IA 50156

Property Summary

Property TypeSingle Family Home
Details2 bd · 1 ba · 944 sqft · built 1910
Lot Size0.225 acres (9,834 sqft)
OwnerIndividual Name on Record
Last Sale$85,000 (Jul 2016)
Tax Bill$2,396 (2024)
Deeds & MortgagesApr 2023 Line of Credit
Flood ZoneZone X (minimal risk)
APN088225312286161

Property Details

APN / Parcel Number

Primary APN088225312286161

Interior

Bedrooms2 Beds
Full Baths1 Bath
Total Rooms4 Rooms
Stories1 Story
Building Area944 sqft Living Area
FlooringCarpet
Interior WallsPlaster

Exterior

Year BuiltBuilt 1910
Exterior MaterialVinyl
Construction TypeFrame
Foundation TypeBrick
Roof TypeHip
Roof MaterialAsphalt
Lot Area9,834 sqft (0.225 acres)
Lot Dimensions149 ft deep x 66 ft wide
Garage TypeDetached
Garage Area704 sqft
Parking Spaces2 Parking Spaces
PorchEnclosed Porch
Porch Area160 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemForced Air
Heating FuelGas

Location & Zoning

Street Address506 E 2ND ST
CityMADRID
StateIA
Zip50156-1410
Property CategoryResidential
Property TypeResidential > Single Family > Home
Local Zoning CodeINC
Legal DescriptionSTOVERS 2ND ADD LOT 3 & E 66' OF E-W ALLEY BETWEEN LOTS 3 & 6 IN BLOCK 17 NW NW
Legal Range25
Legal Township82
Legal Section31
Legal SubdivisionSTOVERS 2ND ADD
Legal Block17
Legal Lot Number3,6
JurisdictionBOONE IA
Township / Civil DivisionGARDEN
Census Block Group2
Census Block2069
Census Tract20500

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 RecordIndividual Name on Record
Mailing Address506 E 2ND ST, MADRID, IA 50156-1410
OccupancyOwner Occupied
Owner TypeIndividual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJul 1, 2016 · Amount on Record
Deed SaleJul 1, 2016 · Amount on Record
Prior SaleMay 2, 2011
Deed Document Number162458
Deed Book / Page2016 / 2458
Record UpdatedJun 8, 2026

April 2023: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionBOONE IA
Property Address506 E 2ND ST, MADRID, IA 50156-1410
Transaction TypeMortgage
Record UpdatedJun 14, 2023

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000230954
DateApr 6, 2023
Instrument230954
Lender
NameUS BANK NA
TypeBank
Agreement
TypeLine of Credit
AmountAmount Recorded
Term360 Months
DueMar 15, 2053

Tax Assessment & Valuation

Source: Boone County assessment roll, as of May 1, 2025

Property Jurisdictions

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

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$162,720 (+22.15%) Land $23,100 Building $139,620$162,720 (+22.15%) Land $23,100 Building $139,620
2024$2,396.00 (+14.75%)
2023$133,210 Land $16,500 Building $116,710$133,210 Land $16,500 Building $116,710
2022$2,088.00

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 ZoneZone X
minimal risk
Nearest Special Flood Hazard AreaZone A, within 500 ft
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies2 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 RiskLow
lower than 80% of the US · above 49% of Iowa
Wildfire Likelihood0.01% annual chance
ExposureNone
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 SystemXENIA RWD (MADRID)
private · serves 1,635 people · EPA ID IA0848701
Water SourcePurchased groundwater influenced by surface water from MADRID WATER DEPARTMENT
Last State InspectionSep 2024
LeadUnder 1 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityTotal trihalomethanes
resolved · Apr 2017
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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

ProviderMax 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.

Nearby Properties on E 2nd St

Nearby Streets

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