NOT LISTED FOR SALE

198 Madison Dr Newark, DE 19711

Estimated Value: $206,000 - $241,000

4 Beds
2 Baths
1,390 Sq Ft
$163/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $150,000 $108 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,224/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Attic
  • 1-minute walk to Dickey Park

About This Home

As of October 2021

4 bed 2 bath home in desirable college park. Warm wood floors welcome you into a large open family room that flows through to the dining room and is perfect for entertaining. The kitchen offers ample counter space and plenty of cabinets for storage. Upstairs offers 3 bedrooms and a full bath. Walk out basement features a den, a full bath and a fourth bedroom. Great to live in or for an investor.

Last Agent to Sell the Property

Marc Pollak

(302) 464-8880 marcpollak@kw.com Empower Real Estate, LLC License #RS348012 Listed on: 09/10/2021

Empower Real Estate, LLC

Last Buyer's Agent

Marc Pollak

(302) 464-8880 marcpollak@kw.com Empower Real Estate, LLC License #RS348012 Listed on: 09/10/2021

Empower Real Estate, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,657

Year Built

  • Built in 1955

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 51.70 x 85.00
  • Front and Side Yard

Home Design

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

Interior Spaces

  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Attic

Kitchen

  • Built-In Range
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Private Parking
  • Parking Lot

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Downes Elementary School
  • Shue-Medill Middle School
  • Newark High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • College Park Subdivision

Listing and Financial Details

  • Tax Lot 217
  • Assessor Parcel Number 18-024.00-217

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,657

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant's Belongings
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Range, Dishwasher, Range Hood
  • Flooring Type: Vinyl, Hardwood, Carpet
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Walkout Level
  • Laundry Type: Lower Floor, Basement
  • Total Sq Ft: 1390
  • Living Area Sq Ft: 1390
  • Price Per Sq Ft: 127.20
  • Above Grade Finished Sq Ft: 1250
  • Below Grade Finished Sq Ft: 140
  • Total Below Grade Sq Ft: 140
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: DOWNES
  • High School: NEWARK
  • Middle Or Junior School: SHUE-MEDILL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 31400.00
  • Land Assessed Value: 7500.00
  • Lot Features: Front Yard, Sideyard(s)
  • Lot Size Acres: 0.09
  • Lot Dimensions: 51.70 x 85.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: 18RR
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2371559
  • School Tax: 1250.00
  • Tax Annual Amount: 1657.00
  • Assessor Parcel Number: 18-024.00-217
  • Tax Lot: 217
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 12, 2021
Sold by
Wells Robert H
Bought by
Therriault Merkel Christine Marie
Seller's Agent
Marc Pollak
Empower Real Estate, LLC
Buyer's Agent
Marc Pollak
Empower Real Estate, LLC
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%
Current Estimated Value
$226,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,885
Avg. Annual Appreciation
10.45%
Original Mortgage
$129,731
Outstanding Balance
$118,303
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$108,539

Purchase Details

Closed on
Nov 11, 2014
Sold by
Mearns Andrew K and Mearns Andrew K
Bought by
Wells Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,800
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Petit Andrew and Petit Maximillian A
Bought by
Wells Robert H and Mearns Andrew K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,400
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
Mader Manfred S
Bought by
Petit Andrew and Petit Maximillian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,350
Interest Rate
6.31%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Therriault Merkel Christine Marie $150,000 None Available
Wells Robert H -- None Available
Wells Robert H $150,000 None Available
Petit Andrew $138,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Therriault Merkel Christine Marie $129,731
Previous Owner Wells Robert H $121,800
Previous Owner Wells Robert H $131,400
Previous Owner Petit Andrew $126,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2021 10/14/21 Sold $150,000 -5.7% $108 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $159,000 -- $114 / 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 $410 $38,900 $7,500 $31,400
2023 $1,407 $38,900 $7,500 $31,400
2022 $1,392 $38,900 $7,500 $31,400
2021 $1,356 $38,900 $7,500 $31,400
2020 $1,317 $38,900 $7,500 $31,400
2019 $1,154 $38,900 $7,500 $31,400
2018 $6,018 $38,900 $7,500 $31,400
2017 $301 $38,900 $7,500 $31,400
2016 $1,091 $38,900 $7,500 $31,400
2015 $978 $38,900 $7,500 $31,400
2014 $978 $38,900 $7,500 $31,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2006832

Bright MLS

APN: 18-024.00-217