tomo logo

$220,000

Beds
4
Baths
2.0
sq ft
1,250

12 Madison Dr, Newark, DE 19711

12 Madison Dr

NEWARK, DE 19711

  • 3 days on market
Great Location in College Park community. This 4 Bedroom home is in move in condition and within walking distance to University of Delaware and Newark Main Street. Plenty of off street parking and access to Edna C. Dickey Park. Just minutes away to I 95 and 896 and University of Delaware bus stop. This home is a great opportunity for 1st time buyers or Investors. Note Rental permit is current of which allows for four unrelated tenants.

Details

Property type

Townhouse

Est. home value

$195,408

Lot size

1,307 sq ft

Price per sq ft

$176

Year built

1953

Annual property taxes

$1,640

HOA

No

Price History

09/16/2024
Bright

Bright #DENC2067860

Listed
$220,000
+69.23%
11/12/2018
Bright

Bright #1002336232

Sold
$130,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$93,042
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$109,358
Cash to seller
$93,042

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nationstar Mortgage Llc

Loan start date

June 2020

Original loan amount

$120,000

Est. remaining balance

$109,358

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Raatbek Richard Salmorbekov

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/18/2024 at 10:10 PM

Listing updated: 09/16/2024 at 7:06 PM

Listed by: Albert George, RE/MAX Town & Country Phone #: (610) 675-7100

MLS: Bright #DENC2067860

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