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Single Family ResidenceResidential
$226,155$102 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 78How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

515 S WATER ST

MADRID, IA 50156
2
Beds
4 / 1
Baths
2,225 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.2 ac
Lot SizeThe size of the land the home sits on, from county records.
1983
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
11
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$226K
$176K low$276K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,208 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$298,270 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,180
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$276,090
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$291,201
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$298,270

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyBoone
Lot (acres)The size of the land the home sits on, from county records.0.20
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Block (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.Spa/Hot Tub (Only)
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 520 ft²Porch · 12 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Madrid Elementary SchoolB
Elementary · Grades KG–5 · 0.4 mi
H
Madrid High SchoolB+
High · Grades 9–12 · 0.9 mi
M
Madrid Junior High SchoolB-
Middle · Grades 6–8 · 0.9 mi

District: Madrid Community School District

Neighborhood · ZIP 50156These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.87
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.16

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.7,341
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.81 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$109,355
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$118,956
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

515 S Water St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs less per square foot than 94% of homes in Madrid 50156
  • Bigger than 89% of homes in Madrid 50156
  • Has a smaller lot than 82% of homes in Madrid 50156
  • Newer than 73% of homes in Boone County

What homes are worth in Madrid 50156

Each bar is how many homes fall in that price range. The marker is this home.

This home
$104K$752K

This home is worth more than 38% of homes in Madrid 50156.

How it measures up in Madrid 50156

The dot is this home. The mark in the middle is the typical home in Madrid 50156.

Estimated value$226,155
CheaperTypical $264,347Pricier

Pricier than 38% of homes nearby

Price per ft²$102
CheaperTypical $194Pricier

Pricier than 6% of homes nearby

Living area2,225 ft²
SmallerTypical 1,447 ft²Bigger

Bigger than 89% of homes nearby

Lot size0.2 ac
SmallerTypical 0.42 acBigger

Bigger than 18% of homes nearby

Year built1983
OlderTypical 1963Newer

Newer than 67% of homes nearby

How 515 S Water St ranks against every home in each area.
MeasureThis homeMadrid 50156Boone County
Estimated valuepricier than$226,15538% of homes57% of homes
Price per ft²pricier than$1026% of homes21% of homes
Living areabigger than2,225 ft²89% of homes89% of homes
Lot sizebigger than0.2 ac18% of homes24% of homes
Year builtnewer than198367% of homes73% of homes

About 515 S Water St

How much is 515 S Water St, Madrid, IA worth?

The TopHap Estimate for 515 S Water St, Madrid, IA is $226,155 as of Sep 24, 2026. The likely range is $176,440 to $275,870. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 515 S Water St, Madrid, IA last sell?

515 S Water St, Madrid, IA last sold on Nov 2, 1992, according to the county's recorded deed.

How big is 515 S Water St, Madrid, IA?

515 S Water St, Madrid, IA has 2 bedrooms, 4 bathrooms, 2,225 square feet of living space and a 0.20-acre lot.

When was 515 S Water St, Madrid, IA built?

515 S Water St, Madrid, IA was built in 1983, making it 43 years old. The building has 1 story.

What schools serve 515 S Water St, Madrid, IA?

515 S Water St, Madrid, IA is assigned to Madrid Elementary School (elementary), rated B; Madrid High School (high), rated B+; Madrid Junior High School (middle), rated B-. All sit in Madrid Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 515 S Water St, Madrid, IA compare to other homes in Madrid 50156?

Among the 1,759 homes in Madrid 50156, it is worth more than 38% of them ($226,155 against a typical $264,347), its price per square foot is higher than 6% of them ($102 against a typical $194), it is bigger than 89% of them (2,225 ft² against a typical 1,447 ft²), its lot is bigger than 18% of them (0.2 ac against a typical 0.42 ac) and it is newer than 67% of them (1983 against a typical 1963). Measured against all of Boone County, it is worth more than 57% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 515 S Water St, Madrid, IA?

The 2024 property tax bill for 515 S Water St, Madrid, IA was $5,208. The county assessed it at $298,270.

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