NOT LISTED FOR SALE

1 Downing Way Unit 1 Madison, CT 06443

Madison Area

Estimated Value: $533,043 - $639,000

2 Beds
2 Baths
1,476 Sq Ft
1979 Built

Sale Details

Date Sold: January 29, 2026

Last sale price $625,000 $423 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,567 / mo

48 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • 1 Fireplace
  • Property is near public transit
  • Attic
  • End Unit

About This Home

As of January 2026

Don't miss this pristine, freestanding 2-bedroom, 2-bath home offering desirable one-level living in one of Madison's most sought-after condominium communities, Windermere West. This home is perfectly positioned to capture serene views of the everchanging Hammonasset River Estuary. Inside, the light-filled kitchen/living/dining area is ideal for everyday living and entertaining. A spacious family room with a cozy wood-burning fireplace provides another comfortable place to rest, while the inviting 3-season porch lets you relax and enjoy the natural surroundings throughout much of the year. The primary bedroom is generously-sized, has a full bathroom and offers more estuary views. The second full bathroom holds a full-sized washer and dryer. The property includes a one-car detached garage with room for added storage. Located just minutes from downtown Madison, you'll enjoy quick access to shopping, restaurants, beaches, and all the shoreline has to offer. Move-in ready and exceptionally cared for, this charming home is a rare opportunity in a prime setting.

Last Agent to Sell the Property

Dana Weinstein

Coldwell Banker Realty Brokerage Phone: (203) 927-8687 License #RES.0771655 Listed on: 12/09/2025

Coldwell Banker Realty

Last Buyer's Agent

Judy Dannemann

William Raveis Real Estate License #RES.0160610

William Raveis Real Estate

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,575

Year Built

  • Built in 1979

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $615 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,476 Sq Ft Home
  • 1 Fireplace

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Attic Floors
  • Storage In Attic
  • Pull Down Stairs to Attic

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Schools

  • Neck River Elementary School
  • Daniel Hand High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 1155387

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, property management, road maintenance, insurance
  • 86 Units
  • Property managed by Summit Management

Amenities

  • Public Transportation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,575

Year Built

Built in 1979

Lot Details

0 Sq Ft Lot

HOA Fees

$615 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1476
  • Total Sq Ft: 1476
  • Year Built: 1979
  • New Construction: No/Resale
  • Nearby Amenities: Health Club, Public Transportation
  • Remarks Public Addendum: Professional photos will be posted by 12/11/25.
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • End Unit: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Special Assessment Details: Monthly land lease is $125 until 6/2034
  • Directions: Route 1 to Cottage to Windermere to Downing
  • Financing Used: Conventional Fixed
  • Spec Assoc Asses: Yes
  • Street Type: Way
  • Office Attribution Contact: (203) 245-4700
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Storage Space, Floored, Pull-Down Stairs
  • Basement Description: None
  • Appliances: Electric Range, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: In the hall bathroom
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Underground Utilities, Porch, Gutters
  • Exterior Siding: Aluminum
  • Waterfront Description: River View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Shared Septic

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Road Maintenance, Insurance
  • HOA Fees: 615
  • HOA Fee Frequency: Monthly
  • Property Management Type: Professional-Off Site
  • Property Manager Email: vic@summitpmllc.com
  • Property Manager Name: Vic Caprio
  • Property Mgt Company Name: Summit Management
  • Total Number of Units In Complex: Windermere West

Lot Info

  • Lot Description: Level Lot Water View
  • Flood Zone: No
  • Zoning: R-2
  • Property Info: On Leased Land
  • Parcel #: 1155387

Rental Info

  • Pets Allowed Info: 2 pets
  • Pets Allowed: Yes

Multi Family

  • Total Number Of Units: 86

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 7575

MLS Schools

  • Elementary School: Neck River
  • High School: Daniel Hand

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 1987
Sold by
Bought by
Current Estimated Value
$604,261
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Madison, CT

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$246,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Closed $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/30/2026 01/30/26 Pending -- -- --
01/29/2026 01/29/26 Sold $625,000 -3.8% $423 / Sq Ft
12/11/2025 12/11/25 For Sale $650,000 0.0% $440 / Sq Ft
02/15/2013 02/15/13 Rented $2,000 -11.1% --
01/30/2013 01/30/13 Under Contract -- -- --
12/05/2012 12/05/12 For Rent $2,250 -- --
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,575 $337,700 $0 $337,700
2024 $7,429 $337,700 $0 $337,700
2023 $6,872 $229,300 $0 $229,300
2022 $6,744 $229,300 $0 $229,300
2021 $6,615 $229,300 $0 $229,300
2020 $6,501 $229,300 $0 $229,300
2019 $6,501 $229,300 $0 $229,300
2018 $5,992 $213,700 $0 $213,700
2017 $5,834 $213,700 $0 $213,700
2016 $5,661 $213,700 $0 $213,700
2015 $5,505 $213,700 $0 $213,700
2014 $6,874 $273,100 $0 $273,100
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 24144030

SmartMLS

APN: MADI-000032-000000-000001-000001D

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