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

Boone County property record for 509 E 1st St, Madrid, IA 50156

Property Summary

Property TypeSingle Family Home
Details2 bd · 1.5 ba · 828 sqft · built 1920
Lot Size0.258 acres (11,220 sqft)
OwnerIndividual Name on File
Last Sale$160,000 (Jun 2026)
Tax Bill$2,002 (2025)
Deeds & MortgagesJun 2026 Sale & Mortgage
Jun 2017 Sale & Mortgage
+ 1 more
Flood ZoneZone X (minimal risk)
APN088225312286102

Property Details

APN / Parcel Number

Primary APN088225312286102

Interior

Bedrooms2 Beds
Full Baths1.5 Baths
Half Baths1 Half Bath
Total Rooms6 Rooms
Stories1 Story
Building Area828 sqft Living Area
1st Floor Area828 sqft
Basement Area828 sqft
Finished Basement272 sqft
Unfinished Basement556 sqft
Game RoomGame Room
FlooringCarpet
Interior WallsPlaster

Exterior

Year BuiltBuilt 1920
Effective Year BuiltEffective 1920
Exterior MaterialStucco
Construction TypeFrame
Foundation TypeBrick
Roof TypeGable
Roof MaterialAsphalt
Lot Area11,220 sqft (0.258 acres)
Lot Dimensions165 ft deep x 68 ft wide
Garage TypeDetached
Garage Area360 sqft
Parking Spaces1 Parking Space
PorchEnclosed Porch
Porch Area126 sqft
Patio Area140 sqft

Utilities, Heating & Cooling

Cooling SystemNone
Heating SystemForced Air with A/C
Heating FuelGas

Location & Zoning

Street Address509 E 1ST ST
CityMADRID
StateIA
Zip50156-1402
Property CategoryResidential
Property TypeResidential > Single Family > Home
Local Zoning CodeINC
Legal DescriptionLAWBAUGHS ADD LOT 17 & W 1/4 OF LOT 18 & ADJ VAC E-W ALLEY NW NW
Legal Range25W
Legal Township82N
Legal Section31
Legal SubdivisionLAWBAUGHS ADD
Legal Lot Number17,18
JurisdictionBOONE IA
Township / Civil DivisionGARDEN
Census Block Group2
Census Block2058
Census Tract20500

Owner

509 E 1st St is owned and occupied by an individual who bought it in June 2026.

Source: Boone County records, as of June 23, 2026

Owner of RecordIndividual Name on File
Mailing Address509 E 1ST ST, MADRID, IA 50156-1402
OccupancyOwner Occupied
Owner TypeIndividual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Jun 12, 2026Warranty Deed, Transfer · FHA Mortgage
ZILLOW HOME LOANS LLC
Jun 26, 2017Warranty Deed, Transfer
CITY STATE BANK
Oct 18, 2017Quit Claim Deed, Transfer
Quitclaim

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJun 12, 2026 · Amount on File
Deed SaleJun 12, 2026 · Amount on File
Prior SaleJun 26, 2017 · Amount on File
Deed Document Number20262290
Deed Book / Page2026 / 2290
Prior Transfer DateJun 21, 2017
Prior Transfer Doc02017/4336
Record UpdatedOct 29, 2026

June 2026: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBOONE IA
Recording DateJun 12, 2026
Property Address509 E 1ST ST, MADRID, IA 50156-1402
Document Number0000002290
Book / Page2026 / 2290
Instrument DateJun 11, 2026
Instrument20262290
Transaction TypeTransfer
Record UpdatedJun 23, 2026
Title CompanyNONE LISTED ON DOCUMENT

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$25,775.20
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address509 E 1ST ST, MADRID, IA 50156-1402

Mortgage

Document Number0000002291,
DateJun 12, 2026
Instrument20262291
Lender
NameZILLOW HOME LOANS LLC
Agreement
TypeFHA Mortgage
AmountAmount on Record
Term360 Months
DueJul 1, 2056
Interest
Rate6.3%
Max Rate-1%

June 2017: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBOONE IA
Recording DateJun 26, 2017
Property Address509 E 1ST ST, MADRID, IA 50156-1402
Document Number02017/2623
Book / Page2017 / 2623
Instrument DateJun 21, 2017
Instrument172623
Transaction TypeTransfer
Record UpdatedNov 22, 2022

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$104.80
Amount AccuracyRounded by County
Additional
  • Notice of Trustee Sale
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number02017/2624
DateJun 26, 2017
Book Page2017/2624
Instrument172624
Lender
NameCITY STATE BANK
TypeBank
AddressMADRID, IA 50156
Agreement
AmountAmount on Record

October 2017: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionBOONE IA
Recording DateOct 18, 2017
Property Address509 E 1ST ST, MADRID, IA 50156-1402
Document Number02017/4336
Book / Page2017 / 4336
Instrument DateJun 21, 2017
Instrument174336
Transaction TypeTransfer
Record UpdatedNov 22, 2022

Transaction

Tax$0.00
Amount AccuracyNo Consideration Stated
Additional
  • Quitclaim
  • Intrafamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

Tax Assessment & Valuation

The 2025 property tax bill for 509 E 1st St was $2,002.

Source: Boone County assessment roll, as of October 6, 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$2,002.00$134,890 Land $24,510 Building $110,380$134,890 Land $24,510 Building $110,380
2024$2,002.00
2023$102,783 Land $17,510 Building $85,273$102,783 Land $17,510 Building $85,273
2022$1,866.00

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

Flood

FEMA maps place 509 E 1st St in Zone X, an area of minimal flood risk.

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
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

Wildfire risk around 509 E 1st St is low, with a 0.01% annual chance of 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 214 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
200 / 20
T-Mobile
Fixed Wireless
100 / 20

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