Check Availability

116 North Locust Street

116 North Locust Street, Madrid, IA 50156
Property in Boone
Sold Feb 05, 2020
$125,000
$118,350 by Lincoln Savings Bank
Mortgage Due Mar 01, 2050
Sold Aug 11, 2011
$111,000
116 North Locust Street in Madrid, IA was first built in 1900 and is 124 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 116 North Locust Street has 1,416 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 672 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 830 ft and the linear feet between the front and back of the lot is 830. In total, the area measurement of the land is 8,851 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 672 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as good. The exterior walls of the home are made of unknown. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Jan 24, 2020 for $125,000. That's $88.28 per sqft. Prior to that sales transaction, the property was also sold in Jul 26, 2011 for $111,000. 116 North Locust Street was last assessed in 2023. The total value of the property was assessed at $170,362. Specifically, the land the property is located on was valued at $17,271. While improvements on the property were assessed at a total of $153,091. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,921. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Frame
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 672
  • Garage Type: Detached
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,851
  • Lot Size Depth Feet: 830
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,416
  • Gross Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,416
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ANDERSON 1ST ADD
  • Land Acres: 0.203
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ANDERSON 1ST ADD BLOCK 1: N 1/2 OF LOT 1 (EX BEG @ NE COR OF LOT 1 TH W ALONG N LINE OF LOT 1 32.5', SE'LY ALONG A 32.5'

Ownership

  • Current Owner : ARZOLA SYDNEY O
  • Previous Owner : BERG ANDREW J
  • Previous Owner 2: BERG JOLI
  • Owner Before Previous Owner: WEIGEL MICHAEL
  • Owner Before Previous Owner 2: WEIGEL MICHAEL J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madrid Community School District
  • School Tax School District: MADRID COMM
  • Census Tract: 020500

Zoning

  • Zoning: INC

Geography

  • Parcel: 088226362186001
  • Block: 1
  • Lot: 1
  • Meridian: SEC 36 TWN 82N RNG 26W
  • Municipality: MADRID INC MADRID COMM
  • Latitude: 41.8777
  • Longitude: -93.8258

    Address

  • Full Address: 116 N Locust St
  • Address - House Number: 116
  • Street Direction: N
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IA
  • City Name: Madrid
  • Carrier Code: C001
  • 4-Digit Zip Code: 1010
  • Zip Code: 50156

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,921

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 211,870
  • High Value: 268,481
  • Low Value: 155,259

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,350
  • First Open Lien Mortgage Lender: LINCOLN SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 05, 2020
  • First Open Lien Mortgage Loan Amount: $118,350
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2050

    Market Valuation

  • Market Total Value: $170,362
  • Market Land Value: $17,271
  • Market Improvement Value: $153,091

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,362
  • Assessed Land Value: $17,271
  • Assessed Improvements Value: $153,091

    Sales

  • Current Sale Contract Date: Jan 24, 2020
  • Current Sale Recording Date: Feb 05, 2020
  • Current Sale Transaction ID: 11738473085
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200501
  • Previous Sale Recording Date: Aug 11, 2011
  • Previous Sale Contract Date: Jul 26, 2011
  • Previous Sale Amount: $111,000
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: LINCOLN SAVINGS BANK
  • First Mortgage Transaction Date: Feb 05, 2020
  • First Mortgage Loan Amount: $118,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Mar 01, 2050

About Madrid



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 116 North Locust Street located in?
The 116 North Locust Street is a located in the neighborhood of Boone in Madrid, Madrid.
What is the average sales price for listings in 116 North Locust Street?
The average sales price for units in 116 North Locust Street is $0 currently.

Quantcast