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For sale
  • $590,000

    2050 S Ave, Madrid, IA 50156

    3beds
    1,481sqft
    : 
    $4,038/mo
    Get pre-qualified
    Farm, Residential
    Built in 1895
    19 Acres Lot
    $432,900 Zestimate®
    $398/sqft
    $-- HOA

    What's special

    Oak trimUpdated kitchenPella windowsSmall garden shedLarge kitchenLarge garden spotTwo car garage
    Here is a rare opportunity to own a small hobby farm in Boone County. Located on a paved road this farm is just under 20 acres ML with 17.44 acres in tillable ground. It is prime farm ground with a CSR2 rating of 88.37. The balance of the acreage is building site with 2.06 acres. The house has 3 bedrooms, Large kitchen, single bath, living room, 1st floor laundry, and 1,480 Sq. Ft. of finished living area. The basement is used for storage. Updates include Pella windows, updated kitchen, drywall, oak trim, bedroom / bath addition and Xenia Rural Water. This farm has been in the same family for 81 years and has been well maintained. A new septic system will be installed. The well is currently not used. There are several useable out buildings to include a two car garage, 20x 40 machine shed, 22x24 poultry house, 16x14 storage shed and a small garden shed. Everything you need to start your Hobby Farm! You could be self sufficient with a large garden spot and several fruit trees on the acreage. Located in the Madrid School District and an easy commute to Boone, Ames, and Des Moines Metro. This could be your lifetime home.
    2 days
    |
    525
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Don Lincoln 515-432-5650,

    Nerem & Associates

    Source: CIBR,MLS#: 70988MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air, Propane
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Range, Refrigerator, Washer
      • Laundry: Main Level
      Features
      • Ceiling Fan(s)
      • Flooring: Vinyl, Carpet
      • Windows: Window Treatments
      • Basement: Partial,Unfinished,Sump Pump
      Interior area
      • Total structure area: 1,481
      • Total interior livable area: 1,481 sqft
      • Finished area above ground: 1,145

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Lot
      • Size: 19 Acres
      • Features: Level
      Details
      • Additional structures: Machine Shed, Well House
      • Parcel number: 08822518200003
      • Zoning: AG
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm, Residential
      Materials
      • Foundation: Block, Stone
      Condition
      • Year built: 1895

      Utilities & green energy

      • Sewer: Septic Tank, Public Sewer
      • Water: Rural

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Madrid

      Financial & listing details

      • Price per square foot: $398/sqft
      • Tax assessed value: $237,550
      • Annual tax amount: $2,904
      • Date on market: 8/12/2026
      • Road surface type: Hard Surface

        Estimated market value

        $432,900

        $342,000 - $532,000

        $1,248/mo

        Price history

        DateEventPrice
        8/12/2026Listed for sale$590,000$398/sqft
        Source: CIBR #70988 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,904 +4.3%$237,550 +10.9%
        2024$2,784 +8.4%$214,124
        2023$2,568 +2.8%$214,124 +31.2%
        2022$2,498 +7.7%$163,218
        2021$2,320 +1.8%$163,218 +11.8%
        2020$2,280 +9%$146,031
        2019$2,092 +4.8%$146,031 +2.8%
        2018$1,996 -4.2%$142,043 +0.4%
        2017$2,084 +12.3%$141,527 +5.8%
        2016$1,856 $133,707 -0.3%
        2015$1,856 +15%$134,113
        2014$1,614 +1.5%$134,113
        2013$1,590 +5.7%--
        2012$1,504 -2.6%--
        2011$1,544 +4%--
        2010$1,484 +10.6%--
        2009$1,342 +3.7%--
        2008$1,294 +7.1%--
        2007$1,208 --
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 50156

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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