2050 S Ave Avenue, Madrid, IA 50156

$575,000
3
BD
1
BA
1,481
SqFt

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Sold Price
$575,000
List Price
$590,000
Status
CLOSED
Days on Market
2
Closing Date
Sep 23, 2026
MLS#
747168
Subtype
Residential
Style
One and One Half Story
Architectural Style
One and One Half Story
Year Built
1895
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,481
MLS Area Major
Madrid

Property Description

Rare Opportunity to own a small Hobby farm in Boone County. Located on a paved road this Farm is just under 20 acres with 17.44 acres ML in tillable ground. Prime crop ground with a CSR 2 Rating of 88.37. The building site is 2.06 acres. The House has 3 bedrooms, large kitchen, single bath, living room, 1st floor laundry, and just over 1480 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. The Farm has been in the same family for 81 years and has been well maintained. A new septic system will be installed. There are several useable outbuildings to include two car garage, 20x 40 machine shed, 22x 24 poultry house, 16x14 storage shed and a 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 with an easy commute to Boone, Ames and Des Moines Metro area. This could be your life time home.

Additional Information

Interior Features
Eat-in Kitchen, Window Treatments
Exterior Features
Deck, Storage
Taxes
$2,839
Property Description
One and One Half Story
Zoning
AG
Flooring
Carpet
Appliances
Dryer, Refrigerator, Stove, Washer
Heating
Propane
Air Conditioning
Central Air
Roof
Asphalt, Shingle
Foundation
Block, Stone
Parking Features
Detached, Garage, Two Car Garage
Garage Spaces
2
School District
Madrid

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Donald Lincoln with Nerem & Assoc.,

Selling Office: RE/MAX Precision.

Data courtesy of the Des Moines Area Association of REALTORS