NOT LISTED FOR SALE

1025 N Madison St Unit C-205 Wilmington, DE 19801

Downtown Wilmington Neighborhood

Estimated Value: $137,000 - $341,000

2 Beds
2 Baths
-- Sq Ft
$474/mo HOA Fee

Last Sold April 08, 2022

Last sale price $93,000

Est. 142% increase in value since last sale

Current estimated payment $1,883/month

Highlights

  • Traditional Architecture
  • Cats Allowed
  • 4-minute walk to H.B. Dupont Park
  • Central Air
  • Heat Pump System

About This Home

As of April 2022

CALLING ALL INVESTORS! Wonderful opportunity to own a cash-flowing unit in the Wilmington Business district. Previous owners leased the condo for $1400 per month, with rental rates in the area rising since! This 2 bedroom 2 bathroom condo in centrally located Historic Trinity Vicinity comes with 2 off-street parking spots, and loads of natural light. Within close proximity to Wilmington Hospital and the Wilmington Financial District. There is a convenient local parking lot located next door for additional parking options. With fresh paint, new flooring as well as brand-NEW water heater, and NEW AC unit in 2018, this condo is full of recent upgrades. Available for both landlords and primary owners, schedule your appointment today!

Last Agent to Sell the Property

Caroline Smith

(302) 373-3883 carly.smith@pearsonsmithrealty.com RE/MAX 1st Choice - Middletown Listed on: 10/28/2021

Last Buyer's Agent

Claryssa McEnany

(302) 690-1106 claryssa.mcenany@gmail.com Compass License #RS-0024051

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1988

HOA Fees

  • $474 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 123.C.0205
  • Assessor Parcel Number 26-028.30-123.C.0205

Community Details

Overview

  • Low-Rise Condominium
  • Trinity Vicinity Subdivision

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1988

Lot Details

0

HOA Fees

$474 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Remarks Public: CALLING ALL INVESTORS! Wonderful opportunity to own a cash-flowing unit in the Wilmington Business district. Previous owners leased the condo for $1400 per month, with rental rates in the area rising since! This 2 bedroom 2 bathroom condo in centrally located Historic Trinity Vicinity comes with 2 off-street parking spots, and loads of natural light. Within close proximity to Wilmington Hospital and the Wilmington Financial District. There is a convenient local parking lot located next door for additional parking options. With fresh paint, new flooring as well as brand-NEW water heater, and NEW AC unit in 2018, this condo is full of recent upgrades. Available for both landlords and primary owners, schedule your appointment today!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1025

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: No
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, On Street
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 474.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 59800.00
  • Land Assessed Value: 10200.00
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2021
  • Zoning: 26R-4
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2405079
  • School Tax: 2249.00
  • Tax Annual Amount: 3725.00
  • Assessor Parcel Number: 26-028.30-123.C.0205
  • Tax Lot: 123.C.0205
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/08/2022

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Mar 17, 2022
Sold by
Yelma Reddy Ujwal Reddy
Bought by
Byrd Shawn M and Truth Claire
Seller's Agent
Caroline Smith
RE/MAX 1st Choice - Middletown
Buyer's Agent
Claryssa McEnany
Compass
List Price
$93,000
Sold Price
$93,000
Current Estimated Value
$225,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,175
Avg. Annual Appreciation
27.03%
Original Mortgage
$88,350
Outstanding Balance
$82,635
Interest Rate
3.17%
Mortgage Type
New Conventional
Estimated Equity
$131,223

Purchase Details

Closed on
Jul 15, 2015
Sold by
Marquez Misael M
Bought by
Yelma Reddy Ujwal Reddy and Vattipally Ajay Kumar
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Byrd Shawn M -- Brian Frederick Funk Pa
Yelma Reddy Ujwal Reddy $44,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Byrd Shawn M $88,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $93,000 0.0% --
02/22/2022 02/22/22 Pending -- -- --
10/28/2021 10/28/21 For Sale $93,000 0.0% --
08/01/2012 08/01/12 Rented $850 0.0% --
07/07/2012 07/07/12 Under Contract -- -- --
07/03/2012 07/03/12 For Rent $850 -- --
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 $2,580 $70,000 $10,200 $59,800
2023 $2,516 $70,000 $10,200 $59,800
2022 $2,490 $70,000 $10,200 $59,800
2021 $2,403 $70,000 $10,200 $59,800
2020 $2,356 $70,000 $10,200 $59,800
2019 $3,445 $70,000 $10,200 $59,800
2018 $1,917 $70,000 $10,200 $59,800
2017 $3,246 $70,000 $10,200 $59,800
2016 $3,246 $70,000 $10,200 $59,800
2015 $3,041 $70,000 $10,200 $59,800
2014 $3,039 $70,000 $10,200 $59,800
Source: Public Records

Agents Affiliated with this Home

  • Caroline Smith

    Seller's Agent in 2022

    Caroline Smith

    RE/MAX

    (302) 373-3883

    2 in this area

    38 Total Sales

    Caroline Smith
    Section Image
  • Claryssa McEnany

    Buyer's Agent in 2022

    Claryssa McEnany

    Compass

    (302) 690-1106

    12 in this area

    116 Total Sales

    Claryssa McEnany
    Section Image
  • Brian Pomije

    Seller's Agent in 2012

    Brian Pomije

    Patterson-Schwartz-Property Management

    (302) 234-5207

    Brian Pomije
    Section Image
  • Tim Owen

    Buyer's Agent in 2012

    Tim Owen

    Compass

    (267) 282-1136

    104 Total Sales

    Tim Owen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2009498

Bright MLS

APN: 26-028.30-123.C-0205

Delaware New Castle County Wilmington 19801 Downtown Wilmington

1025 N Madison St Unit C-205, Wilmington, DE

This home is located at 1025 N Madison St Unit C-205, Wilmington, DE 19801 since 28 October 2021 and is currently estimated at $225,175. This property was built in 1988. 1025 N Madison St Unit C-205 is a home located in New Castle County with nearby schools including The Bayard School, Christiana High School, and Freire Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes