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2175 Qm Ave, Madrid, IA, 50156

5beds
4baths
2,640sqft
$469,000
$178price/sqft
$3,403/moest. monthly cost
$136,120/yrincome needed

About This Home

Enjoy the perfect blend of modern updates, spacious living, and acreage charm with this beautifully improved property situated on over 1.4 acres in a convenient location near Highway 17 for an easy commute! From the moment you step inside, you'll appreciate the extensive renovations, soaring ceilings, incredible natural light, and thoughtfully designed spaces throughout. The remodeled kitchen is truly a centerpiece featuring black stainless steel appliances, granite countertops, hickory cabinetry extending to the ceiling, and abundant workspace and storage. Newer major improvements include newer furnace and A/C, roof, gutters, tile system with sump pump, updated windows, updated tankless water heater, and more! The seller is also replacing the septic tank at/prior to closing, adding even more value and peace of mind for the future owner! The front entry welcomes you with convenient storage and a half bath before opening into the spacious main level featuring a large eat-in kitchen, dining area, and stunning living room with tall ceilings, custom beams details, gas fireplace, and tons of updated surface and recessed lighting. The layout also offers walkout access from both the main level and lower level, creating great flow between the indoor and outdoor living spaces. The lower level offers an additional living or entertainment space along with 3 bedrooms, a full bathroom, and laundry area. Upstairs, you'll find 2 spacious bedroom suites, each with oversized walk-in closets and attached full bathrooms featuring gorgeous tile updates and thoughtful design. One of the primary suites is an absolute retreat with a covered Juliette balcony overlooking the property, an electric fireplace with custom stone accents, and a spa-like attached bathroom complete with dual vanities, extensive storage, a custom built-in closet area with ironing space, a soaker Jacuzzi tub, and a tiled walk-in shower featuring dual shower heads, rainfall features, bench seating, and a handheld wand. (Talk about a dream come true!) Outdoor living shines here as well with a newly added front deck, spacious rear deck, covered balcony spaces, and additional storage underneath the covered balcony area perfect for lawn equipment, tools, or outdoor storage needs. The impressive 48x72 shop built in 2020 adds incredible versatility, while the private drive provides excellent access to both the attached garage and shop with ample parking options for vehicles, equipment, trailers, and more. With all the recent major updates already completed, the seller is offering even more peace of mind with a 1-year home warranty. This acreage truly offers the space, updates, and versatility you've been waiting for. Call your trusted Realtor today to schedule your private showing!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

8/10
Madrid Elementary SchoolGrades K-51.8 mi
7/10
8/10
Madrid High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1974

Materials

  • Foundation: Tile

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Partial,Sump Pump

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s)
  • Flooring: Luxury Vinyl,Carpet
  • Fireplace features: Gas,Electric
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,640
  • Total interior livable area: 2,640 sqft

Property

Details

  • Parcel number: 088226233100002
  • Zoning: Ag-Con
  • Special condition: Standard

Lot

  • Lot size: 1 Acres
  • Features: Level

Parking

  • Parking features: Garage
  • Has garage: Yes

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 $2,371$28,452
Home Insurance *$337$4,044
Property Taxes $499$5,988
Electricity $196$2,363
Total$3,403$40,836
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,674/yr
40% on housing$102,090/yr
45% on housing$90,746/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

$178This listing

vs Other Active Listings

Avg $/sqft

ZIP 50156$236
Boone County$147

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
2026-07-28Price change$469,000
2026-07-07Price change$489,000
2026-05-21Listed for sale$498,000
2016-06-13Sold$99,500
2016-04-15Price change$99,000
2016-03-03Listed for sale$134,900
2015-10-30Sold$82,755

For Sale by Agent

AgentAmanda Nichols
BrokerageiHome Realty

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