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

Boone County property record for 509 E 2nd St, Madrid, IA 50156

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,694 sqft · built 1900
Lot Size	0.2 acres (8,712 sqft)
Owner	Individual Name on Record
Last Sale	$215,000 (Jun 2022)
Tax Bill	$2,702 (2024)
Deeds & Mortgages	Jun 2022 Sale & Mortgage Aug 2021 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`088225312286125`

Property Details

APN / Parcel Number

Primary APN	`088225312286125`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Half Baths	1 Half Bath
Total Rooms	10 Rooms
Stories	2 Stories
Building Area	1,694 sqft Living Area
1st Floor Area	736 sqft
Basement Area	368 sqft
Game Room	Game Room
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1900
Exterior Material	Vinyl
Construction Type	Frame
Foundation Type	Concrete
Roof Type	Gable
Roof Material	Asphalt
Lot Area	8,712 sqft (0.2 acres)
Lot Dimensions	132 ft deep x 66 ft wide
Garage Type	Detached
Garage Area	1,224 sqft
Parking Spaces	4 Parking Spaces
Porch	Enclosed Porch
Porch Area	270 sqft
Patio Area	120 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air
Heating Fuel	Gas

Location & Zoning

Street Address	509 E 2ND ST
City	MADRID
State	IA
Zip	50156-1409
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	INC
Legal Description	STOVERS 2ND ADD LOT 7 BLOCK 14 NW NW
Legal Range	25
Legal Township	82
Legal Section	31
Legal Subdivision	STOVERS 2ND ADD
Legal Block	14
Legal Lot Number	7
Jurisdiction	BOONE IA
Township / Civil Division	GARDEN
Census Block Group	2
Census Block	2062
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	509 E 2ND ST, MADRID, IA 50156-1409
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jun 27, 2022	Warranty Deed, Transfer · FHA Mortgage LOWER LLC
Aug 23, 2021	Quit Claim Deed, Transfer Quitclaim
Aug 23, 2019	Executor's Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 27, 2022 · Amount on Record
Deed Sale	Jun 27, 2022 · Amount on Record
Prior Sale	Aug 23, 2021
Deed Document Number	222787
Deed Book / Page	2022 / 2787
Record Updated	Jun 8, 2026

June 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BOONE IA
Recording Date	Jun 27, 2022
Property Address	509 E 2ND ST, MADRID, IA 50156-1409
Document Number	02022/2787
Book / Page	2022 / 2787
Instrument Date	Jun 23, 2022
Instrument	222787
Transaction Type	Transfer
Record Updated	Jun 1, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$343.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	509 E 2ND ST, MADRID, IA 50156-1409

Mortgage

Document Number	02022/2788
Date	Jun 27, 2022
Book Page	2022/2788
Instrument	222788

Lender

Name	LOWER LLC
Type	Funding / Finance Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jul 1, 2052

Interest

Rate Type	Fixed Rate

August 2021: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	BOONE IA
Recording Date	Aug 23, 2021
Property Address	509 E 2ND ST, MADRID, IA 50156-1409
Document Number	02021/4268
Book / Page	2021 / 4268
Instrument Date	Aug 19, 2021
Instrument	214268
Transaction Type	Transfer
Record Updated	Nov 22, 2022

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2779 120TH ST, BAGLEY, IA 50026-8527

August 2019: Executor's Deed, Transfer

Document Type	Executor's Deed
Jurisdiction	BOONE IA
Recording Date	Aug 23, 2019
Property Address	509 E 2ND ST, MADRID, IA 50156-1409
Document Number	02019/3066
Book / Page	2019 / 3066
Instrument Date	Aug 20, 2019
Instrument	193066
Transaction Type	Transfer
Record Updated	Nov 22, 2022

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount from Assessment
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	325 N MARKET ST, MADRID, IA 50156-1019

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		$270,070 (+110.55%) Land $22,180 Building $247,890	$270,070 (+28.13%) Land $22,180 Building $247,890
2024	$2,702.00 (+160.31%)
2023		$128,271 (+129.54%) Land $15,840 Building $112,431	$210,781 (+32.55%)
2022	$1,038.00 (-15.88%)	$55,881 Land $15,840 Building $40,041
2021	$1,234.00		$159,019

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.

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 214 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	200 / 20
T-Mobile Fixed Wireless	100 / 20

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

Property Summary

Property Details

APN / Parcel Number

Interior

Exterior

Utilities, Heating & Cooling

Location & Zoning

Owner

Deeds, Mortgages & Sale History

Assessor's Deed Record

June 2022: Warranty Deed, Transfer

Transaction

Transferred From (Grantor/Seller)

Transferred To (Grantee/Buyer)

Mortgage

Lender

Agreement

Interest

August 2021: Quit Claim Deed, Transfer

Transaction

Transferred From (Grantor/Seller)

Transferred To (Grantee/Buyer)

August 2019: Executor's Deed, Transfer

Transaction

Transferred From (Grantor/Seller)

Transferred To (Grantee/Buyer)

Tax Assessment & Valuation

Property Jurisdictions

Tax Bill & Assessment History

Flood

Wildfire

Drinking Water

Violations Reported to EPA

Internet Providers

Nearby Properties on E 2nd St

Nearby Streets

Search Property Records by Address or Parcel Number