$525,000
OPEN SUN 11AM - 1PM

123 W Washington Ave Unit 306 Madison, WI 53703

Downtown Madison Neighborhood

Estimated payment $4,251/month

Total Views 100
1 Bed
2 Baths
1,293 Sq Ft
$406 Price per Sq Ft

Highlights

  • Deck
  • Wood Flooring
  • Elevator
  • Hamilton Middle School Rated A
  • Den
  • Bathtub

About This Home

Discover The Loraine Condominiums, a 1924 landmark blending history with modern living in downtown Madison. This elegant 3rd-floor unit features Downtown views, 1 bed/2 baths, and a versatile bonus room perfect as a home office or second bedroom. A second full bathroom has been beautifully updated, adding both style and convenience to your -or guests- daily routine. Enjoy rich maple cabinetry, granite counters, and stainless appliances in the kitchen. The primary suite offers ample closet space with an en-suite bath. Amenities include heated underground parking, additional storage, direct courtyard access, and a nearby community room. Located moments from downtown Madison's finest dining, shopping, and entertainment.

Last Listed By

Lane Manning

Realty Executives Cooper Spransy Brokerage Email: lane@madcitydreamhomes.com License #59089-90 Listed on: 04/15/2025

Realty Executives Cooper Spransy

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,451

Year Built

  • Built in 2004

HOA Fees

  • $608 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 1,293 Sq Ft Home
  • Den
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • Property is near a bus stop
  • Forced Air Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0709-231-5015-9

Community Details

Overview

  • Association fees include parking, hot water, water/sewer, cable/satellite, trash removal, snow removal, common area maintenance, common area insurance, reserve fund
  • 84 Units
  • Located in the The Loraine Condominium master-planned community
  • Greenbelt

Amenities

  • Elevator

Security

  • Resident Manager or Management On Site
  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,451

Year Built

Built in 2004

Lot Details

0

HOA Fees

$608 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Active
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden
  • Items Excluded: Seller's Personal Property & Staged Items
  • Items Included: Range/oven, refrigerator, dishwasher, microwave, disposal, washer, dryer, all window coverings.
  • Fee Includes: Parking, Hot Water, Water/Sewer, Cable/Satellite, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund
  • Project Name: The Loraine Condominium
  • Year Built: 2004
  • Above Grade Price Per Sq Ft: 406.03
  • Special Features: OpenHouse
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 1293
  • Finished Above Grade Sq Ft: 1293
  • Bedrooms: 1
  • Total Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 12x14, On Level: M
  • Kitchen: Dimensions: 8x8, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 17x21, On Level: M
  • Dining Room: Dimensions: 8x10
  • Family Room: Dimensions: 12x14
  • Other Rooms: Den/Office
  • Other Room 1: Den/Office, Dimensions: 9x10, On Level: M
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 3x3
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Walk-in closet(s), Washer, Dryer, At Least 1 tub
  • Floor Number: 3
  • Primary Bedroom Bathrooms: Full

Exterior Features

  • Exterior: Brick, Stone
  • Exterior Features: Deck/Balcony, Patio

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: Attached, Underground, Heated, 1 space assigned, Opener inc

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Security system, Close to busline, Elevator
  • Condo Fee Month: 608
  • Condo Management: Professional onsite, Unit Owners
  • Proposed Units In Assoc: 84
  • Units in Association: 84
  • Units In Building: 84

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Zoning: DC, HIS-L
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 55100
  • Improvements: 442200
  • Total Assessment: 497300
  • Assessment year: 2024
  • Net Taxes: 8451
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-231-5015-9

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $16,902 $497,300 $55,100 $442,200
2023 $7,847 $452,100 $55,100 $397,000
2021 $7,970 $388,800 $55,100 $333,700
2020 $8,463 $388,800 $55,100 $333,700
2019 $8,472 $388,800 $55,100 $333,700
2018 $8,152 $373,800 $55,100 $318,700
2017 $7,365 $325,000 $47,900 $277,100
2016 $7,561 $325,000 $43,500 $281,500
2015 $7,294 $309,700 $22,900 $286,800
2014 $7,294 $309,700 $22,900 $286,800
2013 $7,046 $297,800 $22,900 $274,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $525,000 0.0% $406 / Sq Ft
04/15/2025 04/15/25 Off Market $525,000 -- --
Source: South Central Wisconsin Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Condominium Deed $330,000 None Available
Warranty Deed $324,900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $181,000 New Conventional
Closed $205,150 Unknown
Closed $205,150 Unknown
Closed $205,150 Purchase Money Mortgage
Closed $35,000 Credit Line Revolving
Closed $210,000 Purchase Money Mortgage
Previous Owner $249,900 New Conventional
Source: Public Records

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Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1997521

South Central Wisconsin Multiple Listing Service

APN: 0709-231-5015-9

Wisconsin Dane County Madison 53703 Downtown Madison

123 W Washington Ave Unit 306, Madison, WI

This home is located at 123 W Washington Ave Unit 306, Madison, WI 53703 and is currently priced at $525,000, approximately $406 per square foot. This property was built in 2004. 123 W Washington Ave Unit 306 is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Lane Manning
Listing Agent
Lane Manning
Section Image
Realty Executives Cooper Spransy
(608) 557-3181