Seller's Agent in 2024
David Landon
Patterson Schwartz
(302) 218-8473
51 in this area
341 Total Sales
130 Madison Dr Newark, DE 19711
Estimated Value: $220,000 - $263,000
4
Beds
1.5
Baths
1,120
Sq Ft
$217/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Central Air
- Wood Flooring
- Living Room
- 1-minute walk to Dickey Park
About This Home
As of November 2024Opportunity knocks! This west Newark townhome is an income producing rental property in great condition. Hardwood floors in the living room, dining room and bedrooms. Three bedrooms and full bath upstairs. Partially finished basement with 4th BR or den and half bath. Egress from the basement to the parking area behind the home. Valid City of Newark permit transfers with ownership. Passed inspection by the city in September 2024. Tenant in place until July 31st, 2025. New owner to assume lease. Lease is for $1,675 per month. New heat pump in 2019 (oil heater was removed). As a courtesy to the tenant, showing times are restricted to Friday 4-7 and Saturday 12-3. By appointment only. Photos are from when property was not occupied.
Last Agent to Sell the Property
(302) 218-8473 davelandon@gmail.com Patterson-Schwartz-Newark License #521092 Listed on: 10/04/2024
Co-Listed By
(302) 218-8474 kirstenlandon@gmail.com Patterson-Schwartz-Newark License #RS0013188
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,773
Year Built
- Built in 1954
Lot Details
- 1,742
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 1,120 Sq Ft Home
- Property has 2 Levels
- Living Room
- Dining Room
- Partially Finished Basement
- Laundry in Basement
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
Parking
- 1 Parking Space
- 1 Driveway Space
- Paved Parking
Schools
- Downes Elementary School
- Shue-Medill Middle School
- Newark High School
Utilities
- Central Air
- Heat Pump System
- Back Up Electric Heat Pump System
- Electric Water Heater
Additional Features
- Exterior Lighting
- 1,742 Sq Ft Lot
Community Details
- No Home Owners Association
- College Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 18-025.00--38
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2024
Closed on
Nov 12, 2024
Sold by
Serene Realty Llc
Bought by
Horseshoe Private Investments Llc
Seller's Agent
David Landon
Patterson-Schwartz-Newark
Buyer's Agent
Michael Mazur
Compass
List Price
$230,000
Sold Price
$247,000
Premium/Discount to List
$17,000
7.39%
Views
129
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,818
Avg. Annual Appreciation
-1.36%
Original Mortgage
$183,400
Outstanding Balance
$181,574
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$61,608
Purchase Details
Closed on
Oct 7, 2021
Sold by
Potireddy Prasanth and Sanikommu Sri Pavana
Bought by
Serene Realty Llc
Purchase Details
Listed on
Feb 9, 2021
Closed on
Mar 31, 2021
Sold by
Kelleher Jason
Bought by
Potireddy Prasanth and Sanikommu Sri Pavana
Seller's Agent
David Landon
Patterson-Schwartz-Newark
Buyer's Agent
David Landon
Patterson-Schwartz-Newark
List Price
$124,000
Sold Price
$124,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.20%
Original Mortgage
$93,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2004
Sold by
Mervine Stephen
Bought by
Kelleher Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 21, 2004
Sold by
Gica Investments Llc
Bought by
Mervine Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,120
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 2002
Sold by
Lisa James P and Lisa Karen J
Bought by
Gica Investments Inc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Horseshoe Private Investments Llc | $247,000 | None Listed On Document | |
| Horseshoe Private Investments Llc | $247,000 | None Listed On Document | |
| Serene Realty Llc | -- | None Available | |
| Potireddy Prasanth | $124,000 | Kirsh Title Services Inc | |
| Kelleher Jason | $112,000 | -- | |
| Mervine Stephen | $98,901 | -- | |
| Gica Investments Inc | $83,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Horseshoe Private Investments Llc | $183,400 | |
| Closed | Horseshoe Private Investments Llc | $183,400 | |
| Previous Owner | Potireddy Prasanth | $93,000 | |
| Previous Owner | Kelleher Jason | $89,600 | |
| Previous Owner | Mervine Stephen | $79,120 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/12/2024 11/12/24 | Sold | $247,000 | +7.4% | $221 / Sq Ft | |
| 10/08/2024 10/08/24 | Pending | -- | -- | -- | |
| 10/04/2024 10/04/24 | For Sale | $230,000 | +85.5% | $205 / Sq Ft | |
| 03/31/2021 03/31/21 | Sold | $124,000 | 0.0% | $59 / Sq Ft | View Prior Sale |
| 02/09/2021 02/09/21 | Pending | -- | -- | -- | |
| 02/09/2021 02/09/21 | For Sale | $124,000 | -- | $59 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $418 | $39,600 | $7,200 | $32,400 |
| 2023 | $1,432 | $39,600 | $7,200 | $32,400 |
| 2022 | $1,417 | $39,600 | $7,200 | $32,400 |
| 2021 | $1,380 | $39,600 | $7,200 | $32,400 |
| 2020 | $1,341 | $39,600 | $7,200 | $32,400 |
| 2019 | $1,175 | $39,600 | $7,200 | $32,400 |
| 2018 | $6,126 | $39,600 | $7,200 | $32,400 |
| 2017 | $306 | $39,600 | $7,200 | $32,400 |
| 2016 | $1,111 | $39,600 | $7,200 | $32,400 |
| 2015 | $996 | $39,600 | $7,200 | $32,400 |
| 2014 | $995 | $39,600 | $7,200 | $32,400 |
Source: Public Records
Agents Affiliated with this Home
-
David Landon
-
Kirsten Landon
Seller Co-Listing Agent in 2024
Kirsten Landon
Patterson Schwartz
(302) 218-8474
27 in this area
155 Total Sales
-
Michael Mazur
Buyer's Agent in 2024
Michael Mazur
Compass
(609) 338-3024
3 in this area
92 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2069342
APN: 18-025.00-038
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