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Sherman Terrace Home for Sale

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    $230,000

    • 2 Beds
    • 1 Bath
    • 852 Sq Ft

    2 Sherman Terrace Unit 1, Madison, WI 53704

    Show 5/10. Welcome to this updated Isthmus condo in the heart of Sherman Terrace—just minutes from downtown Madison, UW campus, and Tenney Park! Thoughtful updates throughout: a refreshed kitchen, appliances (Fridge 2025), mechanicals, windows, and LVP flooring (2022), plus fresh paint and a new screen door (2025). Enjoy private front & back entries, a small green space in back, and 2+ outdoor

    Jimmer Yunek Stark Company, REALTORS

    2 Sherman Terrace Unit 1, Madison, WI 53704

Why Live in Sherman Terrace

Sherman Terrace, a small residential neighborhood in Madison, is tucked between the Yahara River and Lake Mendota. Less than 3 miles from downtown Madison, this area offers easy access to the city's outdoor amenities, local shops and eateries. Public transportation and local roads facilitate travel throughout Dane County. Housing options in Sherman Terrace primarily include condominiums and apartment complexes, but there are some waterfront homes. Condos typically feature modern kitchen appliances and updated interiors, while midcentury waterfront homes often come with private docks. The neighborhood is served by we-llrated schools, including Emerson Elementary School, Sherman Middle School and Madison East High School. Fordem Avenue has local businesses like JiggyJamz Records and CDs, and diners can grab at a bite to eat at spots like Banzo, Lola’s Hi/Lo Lounge, Chocolate Shoppe Ice Cream Co. and Far Breton Bakery. Outdoor enthusiasts can enjoy Filene Park, the Tenney Park Boat Launch and paddling on the Yahara River. The neighborhood's proximity to downtown Madison and availability of Metro Transit stops along East Johnson Street and Fordem Avenue enhance its accessibility.

Frequently Asked Questions

Is Sherman Terrace a good place to live?
Sherman Terrace is a good place to live. Sherman Terrace is considered somewhat walkable and very bikeable with some transit options. Sherman Terrace is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Sherman Terrace has 6 parks for recreational activities. It is very dense in population with 27.9 people per acre and a median age of 34. The average household income is $57,403 which is below the national average. College graduates make up 41.7% of residents. A majority of residents in Sherman Terrace are renters, with 80.8% of residents renting and 19.2% of residents owning their home. A local real estate agent serving Sherman Terrace can help you decide if this neighborhood is the right one for you. Learn more on our Sherman Terrace neighborhood guide.
Is Sherman Terrace, WI a safe neighborhood?
Sherman Terrace, WI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Sherman Terrace?
The median home price in Sherman Terrace is $199,950. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.3%, your estimated principal and interest payment would be $990 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in Sherman Terrace. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Sherman Terrace is $57K.
What are the best public schools in Sherman Terrace?
The best public schools that serve Sherman Terrace are:
What are the most popular zip codes in Sherman Terrace, Madison, WI?
The most popular zip codes in Sherman Terrace, Madison, WI include 53704, 53703, 53714, 53718 and 53716.
What are the most popular neighborhoods near Sherman Terrace, Madison, WI?
The most popular neighborhoods near Sherman Terrace, Madison, WI are Tenney-Lapham, Atwood, Marquette, Eken Park and Downtown Madison.
Are home prices dropping in Sherman Terrace?
Yes, home prices in Sherman Terrace are down 9% in the last 12 months.

Home Trends in Sherman Terrace, WI

Housing Trends

Median Sale Price
$194,500
Median 2 Bedroom Sale Price
$194,500
Average Price Per Sq Ft
$230
Number of Homes for Sale
0
Last 12 months Home Sales
12
Months of Supply
0.00
Median List Price
$199,950
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-10%
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