NOT LISTED FOR SALE

45 Madison Dr Newark, DE 19711

Estimated Value: $204,000 - $233,859

3 Beds
1 Bath
1,125 Sq Ft
$200/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $140,000 $124 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,209/month

8 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Attached Garage
  • Forced Air Heating System
  • No HOA

About This Home

As of June 2021

Solid brick townhome in the popular College Park community. This home is within city limits and has a City of Newark 4 person rental permit. Three bedrooms on the 2nd floor and the Full bathroom in great condition. This home has a new roof and a new hot water heater. The basement provides plenty of space for storage with the potential to be finished as a 4th bedroom. This home is a great value for an investor or first time home buyer, and is conveniently located to the University of DE, all Newark amenities and major highways.

Last Agent to Sell the Property

Rakan Abuzahra

(302) 202-9855 rakan.a@firststatehometeam.com Keller Williams Realty Wilmington Listed on: 04/15/2021

Keller Williams Realty Wilmington

Last Buyer's Agent

Adam Hoferer

(302) 354-0176 adamhoferer@gmail.com Crown Homes Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,522

Year Built

  • Built in 1954

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 16.00 x 106.50

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Driveway
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,125 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • College Park Subdivision

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 18-025.00-105

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,522

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-04-15
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1125
  • Living Area Sq Ft: 1125
  • Price Per Sq Ft: 124.44
  • 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: Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 16.00 x 106.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 18RR
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Total Actual Rent: 14100.00
  • Vacation Rental: No

Tax Info

  • School Tax: 1138.00
  • Tax Annual Amount: 1522.00
  • Assessor Parcel Number: 18-025.00-105
  • Tax Lot: 105
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CHRISTINA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Oct 19, 2018
Sold by
Rafert Kyla
Bought by
Khatiwada Meshraj
Seller's Agent
Scott Farnan
BHHS Fox & Roach - Hockessin
Buyer's Agent
Raymond Petkevis
Keller Williams Delaware
List Price
$129,000
Sold Price
$115,750
Premium/Discount to List
-$13,250
-10.27%
Current Estimated Value
$225,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,465
Avg. Annual Appreciation
9.73%
Original Mortgage
$98,388
Outstanding Balance
$86,519
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$138,696

Purchase Details

Closed on
Dec 27, 2013
Sold by
Rafert Stewart J and Rafert Nancy J
Bought by
Rafert Kyla

Purchase Details

Closed on
Jun 23, 2004
Sold by
Reise David M
Bought by
Rafert Kyla and Rafert Stewart J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Khatiwada Meshraj -- None Available
Rafert Kyla $28,000 None Available
Rafert Kyla $96,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khatiwada Meshraj $98,388
Previous Owner Rafert Kyla $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2021 06/08/21 Sold $140,000 0.0% $124 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $140,000 +21.0% $124 / Sq Ft
10/31/2018 10/31/18 Sold $115,750 -3.5% $103 / Sq Ft View Prior Sale
09/12/2018 09/12/18 Pending -- -- --
08/13/2018 08/13/18 Price Changed $119,900 -7.1% $107 / Sq Ft
07/20/2018 07/20/18 For Sale $129,000 -- $115 / 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 $386 $36,600 $5,900 $30,700
2023 $1,323 $36,600 $5,900 $30,700
2022 $1,309 $36,600 $5,900 $30,700
2021 $1,276 $36,600 $5,900 $30,700
2020 $1,239 $36,600 $5,900 $30,700
2019 $1,086 $36,600 $5,900 $30,700
2018 $5,662 $36,600 $5,900 $30,700
2017 $283 $36,600 $5,900 $30,700
2016 -- $36,600 $5,900 $30,700
2015 -- $36,600 $5,900 $30,700
2014 $920 $36,600 $5,900 $30,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC523118

Bright MLS

APN: 18-025.00-105