NOT LISTED FOR SALE

32 Madison Dr Newark, DE 19711

Estimated Value: $211,000 - $247,000

3 Beds
1 Bath
1,125 Sq Ft
$203/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $162,000 $144 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,228/month

Highlights

  • Traditional Architecture
  • Skylights
  • Living Room
  • No HOA
  • 1 Car Attached Garage
  • 2-minute walk to Dickey Park

About This Home

As of September 2022

Perfect for an investor or a buyer that is looking to be in the heart of Newark. 32 Madison is a 3/4 bedroom home with two full bathrooms. There are some updates. This home has been a rental property for the last several years. The seller has never lived in the home. The front steps and concrete are in need of repair. Cash, Conventional, or RENOVATION loan ONLY. The property is being sold AS IS. Please refer to the Presentation of Offers when submitting offers. Please contact David Sordelet with any questions.

Last Agent to Sell the Property

David Sordelet

(302) 613-4228 wesell@teamsordelet.com Real Broker, LLC Listed on: 08/17/2022

Co-Listed By

Iris Sordelet

(302) 593-1523 iris@teamsordelet.com Real Broker, LLC License #RS-0015233

Last Buyer's Agent

Stephanie Tang

(302) 559-6674 stang999@gmail.com Empower Real Estate, LLC License #RS278274

Empower Real Estate, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,381

Year Built

  • Built in 1953

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 16.10 x 98.80

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,125 Sq Ft Home
  • Property has 2 Levels
  • Skylights
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Laundry in Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Newark High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • College Park Subdivision

Listing and Financial Details

  • Tax Lot 067
  • Assessor Parcel Number 18-025.00-067

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,381

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-08-18
  • Year Built: 1953
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Skylight(s)
  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 1125
  • Living Area Sq Ft: 1125
  • Price Per Sq Ft: 144.00
  • Above Grade Finished Sq Ft: 1125
  • 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
  • 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
  • Garage Features: Built In
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School Source: Listing Agent
  • 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: 16.10 x 98.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 18RR
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2371839
  • School Tax: 1240.00
  • Tax Annual Amount: 1380.73
  • Assessor Parcel Number: 18-025.00-067
  • Tax Lot: 067
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Sep 2, 2022
Sold by
Feng Cheng Llc
Bought by
Espinosa Gustavo and Espinosa Liliana
Seller's Agent
David Sordelet
Real Broker, LLC
Buyer's Agent
Stephanie Tang
Empower Real Estate, LLC
Sold Price
$162,000
Current Estimated Value
$228,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,564
Avg. Annual Appreciation
10.86%

Purchase Details

Listed on
Jul 8, 2014
Closed on
Aug 20, 2014
Sold by
Elko Ronald Lee and Elko Cynthia Marie
Bought by
Feng Cheng Llc
Seller's Agent
Christina Folz
EXP Realty, LLC
Buyer's Agent
Christina Folz
EXP Realty, LLC
List Price
$64,900
Sold Price
$55,100
Premium/Discount to List
-$9,800
-15.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Espinosa Gustavo $162,000 --
Feng Cheng Llc $55,100 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2022 09/02/22 Sold $162,000 0.0% $144 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $162,000 +194.0% $144 / Sq Ft
08/21/2014 08/21/14 Sold $55,100 -15.1% $49 / Sq Ft View Prior Sale
08/13/2014 08/13/14 For Sale $64,900 0.0% $58 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $64,900 -- $58 / 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 $5,972 $38,600 $5,900 $32,700
2017 $299 $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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2028722

Bright MLS

APN: 18-025.00-067