Seller's Agent in 2023
Dennis Ezeogu
English Realty
(302) 897-6757
5 in this area
48 Total Sales
724 N Madison St Wilmington, DE 19801
Downtown Wilmington NeighborhoodEstimated Value: $235,000 - $238,000
--
Bed
2
Baths
1,700
Sq Ft
$139/Sq Ft
Est. Value
About This Home
As of June 2023This a renovated three story investment property, previously used as housing for a non profit, it's a perfect addition to an investor's rental portfolio.
There are 8 rooms equating to 1700 sq ft, including 2 kitchens and 2 full bathrooms. Updated systems include gas boiler, two newer gas hot water heaters and newer panel boxes.
There are currently 2 Delmarva meters and 2 separate Delmarva accounts.
The first unit is situated on the ground floor and has a 1 bedroom, living room area, kitchen and bathroom, while the second unit comprises of the second and third floor area and has 3 bedrooms, living room area, kitchen and bathroom.
Seller does not warrant or guarantee usage or zoning, buyer is responsible for confirming zoning, building use and required City of Wilmington permits. Property to be sold in as-is condition. The City has already inspected and approved the property for rental.
Last Agent to Sell the Property
English Realty License #RA-0031203 Listed on: 05/31/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,748
Year Built
- Built in 1900
Lot Details
- 871 Sq Ft Lot
- Lot Dimensions are 16.50 x 54.00
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,700 Sq Ft Home
- Basement
- Interior Basement Entry
Utilities
- Electric Baseboard Heater
- Natural Gas Water Heater
Community Details
- Wilm #16 Subdivision
Listing and Financial Details
- Tax Lot 098
- Assessor Parcel Number 26-035.10-098
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2023
Closed on
Jun 27, 2023
Sold by
Martinez Nelson
Bought by
N Madison Llc
Seller's Agent
Dennis Ezeogu
English Realty
Buyer's Agent
Jeff Stape
Compass
List Price
$180,000
Sold Price
$170,000
Premium/Discount to List
-$10,000
-5.56%
Views
107
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
$66,500
Avg. Annual Appreciation
5.56%
Original Mortgage
$203,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 15, 2022
Closed on
Mar 14, 2022
Sold by
Friendship House Inc
Bought by
Martinez Nelson
Seller's Agent
Robert Harrison
Harrison Properties, Ltd.
Buyer's Agent
Dennis Ezeogu
English Realty
List Price
$75,000
Sold Price
$80,000
Premium/Discount to List
$5,000
6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.38%
Purchase Details
Closed on
May 22, 1998
Bought by
Friendship House 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 |
|---|---|---|---|
| N Madison Llc | $170,000 | None Listed On Document | |
| Martinez Nelson | -- | Losco & Marconi Pa | |
| Friendship House Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | N Madison Llc | $220,000 | |
| Closed | N Madison Llc | $203,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2023 06/29/23 | Sold | $170,000 | -5.6% | $100 / Sq Ft |
| 06/09/2023 06/09/23 | Pending | -- | -- | -- |
| 05/31/2023 05/31/23 | For Sale | $180,000 | 0.0% | $106 / Sq Ft |
| 02/12/2023 02/12/23 | Rented | $1,050 | +16.7% | -- |
| 02/02/2023 02/02/23 | Under Contract | -- | -- | -- |
| 01/26/2023 01/26/23 | For Rent | $900 | 0.0% | -- |
| 03/14/2022 03/14/22 | Sold | $80,000 | +6.7% | $47 / Sq Ft |
| 02/15/2022 02/15/22 | For Sale | $75,000 | -- | $44 / 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 | $1,191 | $32,300 | $2,100 | $30,200 |
| 2023 | $1,161 | $32,300 | $2,100 | $30,200 |
| 2022 | $1,149 | $32,300 | $2,100 | $30,200 |
| 2021 | $0 | $32,300 | $2,100 | $30,200 |
| 2020 | $0 | $32,300 | $2,100 | $30,200 |
| 2019 | $0 | $32,300 | $2,100 | $30,200 |
| 2018 | $0 | $32,300 | $2,100 | $30,200 |
| 2017 | -- | $32,300 | $2,100 | $30,200 |
| 2016 | -- | $32,300 | $2,100 | $30,200 |
| 2015 | -- | $32,300 | $2,100 | $30,200 |
| 2014 | -- | $32,300 | $2,100 | $30,200 |
Source: Public Records
Agents Affiliated with this Home
-
Dennis Ezeogu
-
Maurrell English
Seller's Agent in 2023
Maurrell English
English Realty
(302) 293-6003
3 in this area
56 Total Sales
-
Jeff Stape
Buyer's Agent in 2023
Jeff Stape
Compass
(302) 202-9855
11 in this area
312 Total Sales
-
Mark Stape
Buyer Co-Listing Agent in 2023
Mark Stape
Compass
(302) 507-5611
11 in this area
196 Total Sales
-
Robert Harrison
R
Seller's Agent in 2022
Robert Harrison
Harrison Properties, Ltd.
(302) 383-9578
2 in this area
21 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2043554
APN: 26-035.10-098
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