Homes for Sale on Contract - Madden Construction

New Homes for Sale On Contract

Maddens have been selling homes on contract for 5 generations. They have made the “American Dream” of owning a home a reality for many people who couldn’t have made it happen otherwise. If you are not able to get bank financing at this time, consider purchasing a home on contract.

If no contract homes are available at the moment, please reach out to us at 515-255-1557 to get details on upcoming homes and other contract home possibilities.

Closing Costs – $1,900.00

Contract Sales – New Construction

Four newly constructed homes currently available for contract purchase.

AVAILABLE ON CONTRACT

306 Herold Avenue

Des Moines, Iowa 50315 · 3 bedrooms · 2 bathrooms · 1,313 sq. ft.

$311,900

Down payment	$20,000
Closing costs	$1,900
Years 1–3 · 9%	$2,348.69 P&I
Years 4–6 · 9.5%	$2,449.24 P&I
Years 7–30 · 10%	$2,545.27 P&I

AVAILABLE ON CONTRACT

611 W Wright Road

Norwalk, Iowa 50211 · 3 bedrooms · 3 bathrooms · 1,501 sq. ft.

$320,000

Down payment	$20,000
Closing costs	$1,900
Years 1–3 · 9%	$2,413.87 P&I
Years 4–6 · 9.5%	$2,517.20 P&I
Years 7–30 · 10%	$2,615.90 P&I

AVAILABLE ON CONTRACT

607 W Wright Road

Norwalk, Iowa 50211 · 3 bedrooms · 3 bathrooms · 1,501 sq. ft.

$320,000

Down payment	$20,000
Closing costs	$1,900
Years 1–3 · 9%	$2,413.87 P&I
Years 4–6 · 9.5%	$2,517.20 P&I
Years 7–30 · 10%	$2,615.90 P&I

AVAILABLE ON CONTRACT

412 E Lally Street

Des Moines, Iowa 50315 · 3 bedrooms · 2 bathrooms · 1,120 sq. ft.

$270,000

Down payment	$18,000
Closing costs	$1,900
Years 1–3 · 9%	$2,027.65 P&I
Years 4–6 · 9.5%	$2,114.45 P&I
Years 7–30 · 10%	$2,197.35 P&I

P&I means principal and interest. Terms and payments are subject to change.

721 W North Ave
Norwalk, Iowa

$322,900

Down payment: $25,000

This property is also 5-yr tax abatement

9% years 1-3 P&I 2,389.73

9.5% years 4-6 P&I 2,492.03

10% years 7-30 P&I 2,589.74

Footprint PDF

2554 Onawa Street
Des Moines, Iowa

$278,900

Residential Property, Residential, Ranch, in Des Moines
3 Bedrms • 2 Baths •1,120 Liv SF • SFRanch • Built in 2025

Beautifully built Madden Home with Over 1,100 Sq Ft of Finished Living Space with 2 car attached garage boasts a very functional open layout… See more