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220 Southern Prairie Dr, Madrid, IA, 50156

2beds
2baths
1,092sqft
$239,900
$220price/sqft
$1,856/moest. monthly cost
$74,240/yrincome needed

About This Home

Welcome home to Madrid! This stunning bi-attached ranch, built in 2017, is truly move-in ready and checks every box buyers are looking for. Located just inside the city limits of Madrid, this home offers the perfect blend of small-town charm and modern convenience. Inside, you'll find 2 spacious bedrooms, 1 full bathroom, 1 3/4 en-suite Master Bathroom, and a bright, open layout designed for easy living. The 3-car garage provides plenty of room for vehicles, storage, or hobbies. Best of all-all appliances are included, even the washer and dryer, so you can move right in without the extra expense. Set on a generous .27-acre lot, the fully fenced yard is ideal for pets, play, or entertaining. The basement is ready for your vision-with potential to add a third bedroom, additional bathroom, or extra living space to instantly build equity. Homes like this don't come along often. Prepare to fall in love-schedule your private showing today and call the listing agent before this one is gone!

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

6/10
Madrid Elementary SchoolGrades K-50.7 mi
6/10
8/10
Madrid High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 2017

Materials

  • Roof: Asphalt
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Microwave,Oven,Washer

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Laminate
  • Finished area above ground: 1,092

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central

Interior Area

  • Total structure area: 1,092
  • Total interior livable area: 1,092 sqft

Kitchen

  • Features: Open

Property

Details

  • Parcel number: 088226364186122
  • Lease amount: 0

Features

  • Stories: 1
  • Patio & porch: Covered Porch,Deck
  • Fencing: Fenced

Lot

  • Lot size: 0.27 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Drought
Hail
Strong Wind
Tornado
Winter Weather
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,213$14,556
Home Insurance *$172$2,064
Property Taxes $350$4,200
Electricity $121$1,452
Total$1,856$22,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,634/yr
40% on housing$55,680/yr
45% on housing$49,493/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.6%
13.6%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$220This listing

vs Other Active Listings

Avg $/sqft

ZIP 50156$251
Boone County$148

vs Homes Sold Last Month

Median $/sqft

ZIP 50156$195
Boone County$145

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-20Price change$249,900
2026-02-19Listed for sale$259,900
2020-05-15Sold$187,500
2020-05-15Listed for sale$189,900
2020-04-01Pending sale$189,900
2019-11-22Listed for sale$189,900
2017-11-03Sold$170,000

For Sale by Agent

AgentPatrick Doheny
BrokerageNEXT GENERATION REALTY, INC.

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