NOT LISTED FOR SALE

21 Madison Dr Newark, DE 19711

Estimated Value: $247,000 - $274,668

3 Beds
1 Bath
1,550 Sq Ft
$167/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $200,000 $129 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,388/month

7 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Direct Access Garage
  • Laundry Room
  • No HOA
  • Living Room
  • 5-minute walk to Dickey Park

About This Home

As of March 2023

Fantastic opportunity for 1st time home buyers or investors to purchase this totally renovated townhome in the City of Newark and the heart of UD country. This 3 bedroom, 1 full bath, 1 car garage spacious townhome has been just totally renovated, a perfect first home or investment property. Updated renovations include new kitchen, bathrooms, new paint throughout, refinished flooring, updated windows. Conveniently located to the University of Delaware, downtown Newark, major employment centers and easy access to I-95. Seller is a realtor.

Last Agent to Sell the Property

Jonathan Park

(302) 750-1166 jparkusa@gmail.com RE/MAX Edge License #RA-0020901 Listed on: 03/02/2023

Last Buyer's Agent

Joseph Berchock

(302) 530-5515 jwberchock@gmail.com RE/MAX Associates - Newark License #RS-0009070

RE/MAX Associates - Newark

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,680

Year Built

  • Built in 1954

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 16.00 x 100.70

Parking

  • 1 Car Direct Access Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Storage Room
  • Laundry Room
  • Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Newark High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 093
  • Assessor Parcel Number 18-025.00-093

Community Details

Overview

  • No Home Owners Association
  • College Park Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,680

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Refrigerator, Washer and Dryer
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-03-02
  • Federal Flood Zone: No
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Storage Room, Utility Room
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 1550
  • Living Area Sq Ft: 1550
  • Price Per Sq Ft: 185.84
  • Above Grade Finished Sq Ft: 1130
  • Below Grade Finished Sq Ft: 420
  • Total Below Grade Sq Ft: 420
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Rear Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Attached Garage

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent
  • High School: NEWARK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 32700.00
  • Land Assessed Value: 5900.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16.00 x 100.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 18RR
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 2371865
  • School Tax: 1276.00
  • Tax Annual Amount: 1680.00
  • Assessor Parcel Number: 18-025.00-093
  • Tax Lot: 093
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2025
Sold by
21 Madison Drive Llc
Bought by
James Coleman Lee
Current Estimated Value
$259,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Outstanding Balance
$257,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$2,167

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 29, 2023
Sold by
Park Jonathan
Bought by
21 Madison Drive Llc
Seller's Agent
Jonathan Park
RE/MAX Edge
Buyer's Agent
Joseph Berchock
RE/MAX Associates - Newark
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%
Original Mortgage
$195,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2023
Closed on
Feb 2, 2023
Sold by
Karnak Llc
Bought by
Park Jonathan
Seller's Agent
Jonathan Park
RE/MAX Edge
Buyer's Agent
Joseph Berchock
RE/MAX Associates - Newark
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 19, 2016
Closed on
Oct 12, 2016
Sold by
Fannie Mae
Bought by
Karnak Llc
Seller's Agent
Daniel Logan
Patterson-Schwartz-Hockessin
Buyer's Agent
Michael Kelczewski
Century 21 Emerald
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$90,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2016
Sold by
Sheriff Of New Castle County
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
3.72%

Purchase Details

Closed on
Dec 8, 2006
Sold by
21 Madison Llc
Bought by
Allen Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2006
Sold by
Stromwasser Howard B and Stromwasser Deborah J
Bought by
21 Madison Llc

Purchase Details

Closed on
Aug 24, 2005
Sold by
Stromwasser Howard B and Stromwasser Deborah Jane
Bought by
Stromwasser Howard B and Stromwasser Deborah J
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
James Coleman Lee $257,000 None Listed On Document
21 Madison Drive Llc -- None Listed On Document
Park Jonathan -- --
Karnak Llc $90,000 None Available
Federal National Mortgage Association $86,400 Attorney
Allen Christopher $139,000 None Available
21 Madison Llc -- None Available
Stromwasser Howard B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James Coleman Lee $257,000
Previous Owner 21 Madison Drive Llc $195,000
Previous Owner Karnak Llc $90,000
Previous Owner Federal National Mortgage Association $86,400
Previous Owner Allen Christopher $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2023 03/29/23 Sold $200,000 -4.8% $129 / Sq Ft
03/02/2023 03/02/23 For Sale $210,000 +10.5% $135 / Sq Ft
02/03/2023 02/03/23 Sold $190,000 +12.4% $123 / Sq Ft View Prior Sale
01/23/2023 01/23/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $169,000 +87.8% $109 / Sq Ft
10/17/2016 10/17/16 Sold $90,000 -9.9% $58 / Sq Ft View Prior Sale
09/29/2016 09/29/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $99,900 -- $64 / 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 $407 $38,600 $5,900 $32,700
2023 $1,396 $38,600 $5,900 $32,700
2022 $1,381 $38,600 $5,900 $32,700
2021 $1,346 $38,600 $5,900 $32,700
2020 $1,307 $38,600 $5,900 $32,700
2019 $1,146 $38,600 $5,900 $32,700
2018 $1,119 $38,600 $5,900 $32,700
2017 $1,086 $38,600 $5,900 $32,700
2016 $1,083 $38,600 $5,900 $32,700
2015 $971 $38,600 $5,900 $32,700
2014 $970 $38,600 $5,900 $32,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2038900

Bright MLS

APN: 18-025.00-093