717 W First Street Madrid, IA $ 194,900
717 W First Street
$ 194,900
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717 W First Street

Madrid, IA, 50156
$ 194,900
Bedrooms2 Baths1.0 Sq 1,120

Monthly Estimate*

$ 1,231

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Single Family Home for sale in Madrid, IA

for $194,900 with 2 bedrooms and 1 full bath. This 1,120 square foot home was built in 1954.

Ride the High Trestle at sunset. Be in Ankeny in half an hour. Come home to an electric bill that barely registers. This 1954 ranch sits on the edge of Madrid, where the streets give way to open ground and the nearest sound is whatever you're running in the garage. That garage is the headline: 2 car, 24x28, 672 square feet, room for the project car, the boat, the mower, and the tools all at once. Inside is one level and no stairs. Two bedrooms, a full bath, main-floor laundry, and a flex room off the living space that's been a dining room but works just as well as an office or a shop annex. The solar panels are owned outright and convey with the home. No lease, no balance to assume, no third party in the middle. Just a utility bill that makes people ask what the catch is. Madrid schools. Minutes to the trailhead. low taxes. Electric bill that runs around $25/mo. USDA-eligible address. Low cost to own, real room to work, and a town worth coming home to.

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Single Family Active

Price

$ 194,900

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 2,606

Style

Year Built

1954

Town/City

Madrid

County/Region

Boone

MLS | Web ID

746315

List By
Christopher Lewis

Listing Agent

Lpt Realty, Llc

Broker

lrgdsm@gmail.com

Email

Affordability Calculator

$1,448
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$217
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3201834 Elementary School
3201833 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/30/2026$194,900 Listed Price

Map


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717 W First Street, Madrid, IA, 50156 is a Single Family Home for sale at $194,900 with 1,120 sqft. 717 W First Street has 2 bedrooms, 1.0 baths, and was built in 1954. The property's zip code is 50156 which is in Madrid, IA