NOT LISTED FOR SALE

1017 N Madison St Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $312,000 - $354,000

-- Bed
3 Baths
3,000 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $435,000 $145 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,041/month

40 Days on Market

Highlights

  • 0.09 Acre Lot
  • Wood Flooring
  • Wall Furnace
  • Colonial Architecture
  • Porch
  • 4-minute walk to H.B. Dupont Park

About This Home

As of March 2023

Rarely available updated triplex within Trinity Vicinity, convenient to downtown and I-95! This property was fully renovated in compliance with city codes in 2018, including the installation of a full fire-suppression system. Each unit has updated kitchen and bath. The windows were replaced. Lots of updated lighting. The overall property is in good condition, but keep in mind that it is approximately 140 years old, so it is not going to be "perfect". Each room within each unit has a mini-split unit for efficient heating and air-conditioning. There is a gas water heater for each unit. The 1st floor includes 3 bedrooms plus a common living area, a full bath and kitchen, plus multiple access points to the outside. The 2nd floor features tall ceilings, lots of natural light and includes 3 bedrooms, a full bath and kitchen. The 3rd floor includes 2 bedrooms, a common area (that could be used as a 3rd bedroom) plus an updated kitchen and bath. There is room for off-street parking in the rear for 2-3 cars. This property should be a great investment based on the current market rents.

Last Agent to Sell the Property

Stephen Marcus

Brokers Realty Group, LLC License #585410 Listed on: 11/07/2022

Co-Listed By

Daniel James

Brokers Realty Group, LLC

Last Buyer's Agent

Natalia Khingelova

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1882 | Remodeled in 2018

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 25.00 x 150.00
  • Property is in good condition

Home Design

  • Triplex
  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • Wood Flooring
  • Partial Basement

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • 3 Units
  • Trinity Vicinity Subdivision

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 26-028.30-121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,253

Year Built

Built in 1882 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • New Construction: No
  • Year Built: 1882
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Remarks Public: Rarely available updated triplex within Trinity Vicinity, convenient to downtown and I-95! This property was fully renovated in compliance with city codes in 2018, including the installation of a full fire-suppression system. Each unit has updated kitchen and bath. The windows were replaced. Lots of updated lighting. The overall property is in good condition, but keep in mind that it is approximately 140 years old, so it is not going to be "perfect". Each room within each unit has a mini-split unit for efficient heating and air-conditioning. There is a gas water heater for each unit. The 1st floor includes 3 bedrooms plus a common living area, a full bath and kitchen, plus multiple access points to the outside. The 2nd floor features tall ceilings, lots of natural light and includes 3 bedrooms, a full bath and kitchen. The 3rd floor includes 2 bedrooms, a common area (that could be used as a 3rd bedroom) plus an updated kitchen and bath. There is room for off-street parking in the rear for 2-3 cars. This property should be a great investment based on the current market rents.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 145.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1017

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Fire Detection System, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: CHRISTINA
  • School District Key: 300200396890
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 52000.00
  • Land Assessed Value: 8100.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 25.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.40
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: 26R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2405064
  • School Tax: 1986.00
  • Tax Annual Amount: 3253.00
  • Assessor Parcel Number: 26-028.30-121
  • Tax Lot: 121
  • Tax Total Finished Sq Ft: 3000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/30/2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Mar 30, 2023
Sold by
Emtman Anthony
Bought by
Nyabiosi Dorothy
Seller's Agent
Stephen Marcus
Brokers Realty Group, LLC
Buyer's Agent
Natalia Khingelova
RE/MAX Edge
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Views
193
Current Estimated Value
$333,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,000
Avg. Annual Appreciation
-11.94%
Original Mortgage
$427,121
Outstanding Balance
$417,665
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
-$89,665

Purchase Details

Listed on
Oct 10, 2012
Closed on
Aug 15, 2013
Sold by
Abessinio Dolorinda M and Abessinio Dolores M
Bought by
Emtman Anthony
Seller's Agent
Shirley McAllister
Patterson-Schwartz - Greenville
Buyer's Agent
Laura Walker
Walker Realty Group LLC
List Price
$172,000
Sold Price
$142,000
Premium/Discount to List
-$30,000
-17.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nyabiosi Dorothy -- None Listed On Document
Emtman Anthony $142,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nyabiosi Dorothy $111,431
Open Nyabiosi Dorothy $427,121
Previous Owner Emtman Anthony $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $435,000 0.0% $145 / Sq Ft
12/17/2022 12/17/22 Pending -- -- --
12/08/2022 12/08/22 Price Changed $435,000 -3.3% $145 / Sq Ft
11/07/2022 11/07/22 For Sale $450,000 +216.9% $150 / Sq Ft
08/15/2013 08/15/13 Sold $142,000 -17.4% $47 / Sq Ft
07/20/2013 07/20/13 Pending -- -- --
10/10/2012 10/10/12 For Sale $172,000 -- $57 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,215 $60,100 $8,100 $52,000
2023 $2,160 $60,100 $8,100 $52,000
2022 $2,138 $60,100 $8,100 $52,000
2021 $2,083 $60,100 $8,100 $52,000
2020 $2,023 $60,100 $8,100 $52,000
2019 $2,958 $60,100 $8,100 $52,000
2018 $1,728 $60,100 $8,100 $52,000
2017 $1,676 $60,100 $8,100 $52,000
2016 $1,672 $60,100 $8,100 $52,000
2015 $2,611 $60,100 $8,100 $52,000
2014 $2,609 $60,100 $8,100 $52,000
Source: Public Records

Agents Affiliated with this Home

  • Stephen Marcus

    Seller's Agent in 2023

    Stephen Marcus

    Brokers Realty Group, LLC

    (302) 299-8711

    5 in this area

    159 Total Sales

    Stephen Marcus
    Section Image
  • Daniel James

    Seller Co-Listing Agent in 2023

    Daniel James

    Brokers Realty Group, LLC

    (509) 994-0788

    3 in this area

    31 Total Sales

    Daniel James
    Section Image
  • Natalia Khingelova

    Buyer's Agent in 2023

    Natalia Khingelova

    RE/MAX

    (302) 383-2808

    2 in this area

    165 Total Sales

    Natalia Khingelova
    Section Image
  • Shirley McAllister

    Seller's Agent in 2013

    Shirley McAllister

    Patterson Schwartz

    (302) 562-7392

    5 in this area

    90 Total Sales

    Shirley McAllister
    Section Image
  • Laura Walker

    Buyer's Agent in 2013

    Laura Walker

    Walker Realty Group LLC

    (302) 373-4884

    3 in this area

    117 Total Sales

    Laura Walker
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2033074

Bright MLS

APN: 26-028.30-121

Delaware New Castle County Wilmington 19801 Downtown Wilmington

1017 N Madison St, Wilmington, DE

This home is located at 1017 N Madison St, Wilmington, DE 19801 since 07 November 2022 and is currently estimated at $333,000, approximately $111 per square foot. This property was built in 1882. 1017 N Madison St is a home located in New Castle County with nearby schools including The Bayard School, Christiana High School, and Kuumba Academy Charter School.

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