About This Home

This 3-bedroom, 3-bathroom townhouse at 121 Peterson Parkway in Madrid, IA is listed for $284,900 ($230 per sqft). Built in 2004, the home offers 1,240 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 2004
  • 0.13 acre lot
  • Fireplace

Property Details

1 story
1 full, 1 half
2-car garage
2004

Amenities

FireplaceA/C
Listing Description

Say goodbye to snow shovels and lawn mowers, the HOA's got you covered on both in this over 55 community! This three-bedroom, three-bath home is ready to make your life easier from day one. You'll love the living room and the convenience of first-floor laundry (because who wants to haul baskets up and down stairs?).

Head downstairs and you'll find a huge family room with daylight windows that keeps things bright and cheerful, plus a guest bedroom, full bath, and a generous storage room perfect for guests or just spreading out. The extras don't stop there: cozy fireplace, tons of storage throughout, large kitchen and a two-car attached garage.

You've got both front and rear decks for morning coffee or evening unwinding. Tucked into a quiet neighborhood with easy access to HWY 17, you're close to everything in Madrid, including walking distance to the middle school and high school. Don't let this one slip away!

Monthly Cost Estimate

$1,724/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83
HOA$200

Estimates only. Actual payments may vary.

Location

121 Peterson Parkway

Madrid, IA 50156

Features & Amenities

Interior Features

DiningArea

Exterior Features

Deck

Property Details

Construction

VinylSiding

Outdoor Features

Deck

Parking

Garage

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

DishwasherMicrowaveRefrigeratorStove

Questions & Answers

This 3-bedroom, 3-bathroom townhouse at 121 Peterson Parkway is listed at $284,900 ($230/sqft). The estimated monthly payment is $1,724 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $200/month.

Key features include: Built in 2004, 0.13 acre lot, Fireplace. Interior Features: DiningArea. Exterior Features: Deck.

This property is listed by Jeff Johnston.

JJ

Jeff Johnston

Agent at RE/MAX Concepts

Listed by RE/MAX Concepts · Broker phone: (515) 276-2872 · View on Broker Site · Broker website

MLS# 746800· Source: Des Moines Area Association of REALTORS®, Inc.· 84 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 Peterson Parkway, Madrid, IA 50156

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