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3107 N Monroe St, Wilmington, DE, 19802

3beds
2baths
1,250sqft
$270,000
$216price/sqft
$1,883/moest. monthly cost
$75,320/yrincome needed

About This Home

Welcome to 3107 N Monroe Street in Wilmington — a property with tremendous potential and an excellent opportunity for buyers who want to build equity, create their own design, and transform a home to match their personal vision. Located in a well-established, highly desirable Wilmington neighborhood, this home offers strong bones, a generous lot, and the flexibility to reconfigure the layout to suit a wide range of needs. The owner began interior remodeling, opening several areas and removing walls to explore new layout possibilities. While the home was initially designed as a 3-bedroom property with a possible 4th bedroom in the attic, the interior has been opened up to create a more spacious feel. The current configuration does not limit future owners — the structure allows for restoration to its traditional layout or for the continuation of the open-concept direction the seller started. The seller is motivated and is offering the property empty and clean before settlement, giving buyers a clear and unobstructed canvas to complete renovations without the challenge of moving belongings or working around personal items. The second floor previously featured three bedrooms plus an attic room that could serve as a fourth. Today, the space is open and flexible, ready for someone to rebuild as they see fit. Whether you envision restoring multiple private bedrooms, creating a large primary suite, or designing a hybrid layout, the upstairs footprint gives you options that are increasingly rare in this part of Wilmington. On the main level, the traditional living and dining areas provide ample natural light and a solid foundation for redesign. These rooms allow you to create a modern, open kitchen-living-dining flow or preserve the charm of defined spaces. The basement adds even more value, with plenty of room for storage, tools, a workshop, or future finishing. With the right updates, it could be transformed into additional living space, recreation space, or a functional multi-purpose area. One of the most impressive highlights of this property is the oversized yard. The backyard is significantly larger than what is typically found in the city, offering room for outdoor entertaining, gardening, play areas, pets, or future extensions and additions. Spacious outdoor lots in Wilmington are becoming harder to find, making this feature a significant benefit for long-term homeowners and investors alike. 3107 N Monroe Street is ideal for anyone seeking a renovation project, investment opportunity, or a home that they can finish exactly to their taste. The structure, location, lot size, and flexibility create a rare combination. With some TLC and thoughtful improvements, this home has the potential to become a standout property in the neighborhood. The seller is motivated, and the home will be delivered empty and clean, ensuring a smooth transition for buyers and a welcoming start to your renovation plans. This is your chance to take a property with great bones and transform it into a personalized, long-term investment in one of Wilmington’s desirable communities.

Getting Around

66
WalkingSomewhat Walkable
44
TransitSome Transit
52
BikeBikeable

Schools

7/10
Concord High SchoolGrades 9-125.0 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick/Mortar,Stone
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Partial,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,250

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,250
  • Total interior livable area: 1,250 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 26015.20156
  • Zoning: 26R-2
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 5,663 sqft
  • Lot size dimensions: 56.00 x 100.00

Parking

  • Total spaces: 3
  • Parking features: Private,Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,365$16,380
Home Insurance *$105$1,260
Property Taxes $162$1,944
Electricity $251$3,021
Total$1,883$22,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,560/yr
40% on housing$56,490/yr
45% on housing$50,213/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$216This listing

vs Other Active Listings

Avg $/sqft

ZIP 19802$118
New Castle County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 19802$191
New Castle County$218

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-20Listed for sale$270,000
2026-02-16Contingent$270,000
2025-11-19Listed for sale$270,000
2009-09-18Sold$109,900

For Sale by Agent

AgentJemimah Chuks
BrokerageEXP Realty, LLC

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