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

Two newly constructed homes currently under contract.

ON CONTRACT

306 Herold Avenue

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

$316,900

Down payment	$30,000
Closing costs	$1,900
Years 1–3 · 9%	$2,308.46 P&I
Years 4–6 · 9.5%	$2,407.28 P&I
Years 7–30 · 10%	$2,501.67 P&I

ON CONTRACT

1516 Maple Street

Des Moines, Iowa 50316 · 3 bedrooms · 2 bathrooms · 1,120 sq. ft.

$264,500

Down payment	$23,000
Closing costs	$1,900
Years 1–3 · 9%	$1,943.16 P&I
Years 4–6 · 9.5%	$2,026.35 P&I
Years 7–30 · 10%	$2,105.86 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