Seller's Agent in 2025
Lane Manning
Realty Executives
(608) 535-5131
2 in this area
60 Total Sales
The Lorraine 123 W Washington Ave Unit 306 Madison, WI 53703
Downtown Madison Neighborhood
1
Bed
2
Baths
1,293
Sq Ft
$608/mo
HOA Fee
Highlights
- Open Floorplan
- Deck
- Main Floor Bedroom
- Hamilton Middle School Rated A
- Wood Flooring
- Den
About This Home
As of July 2025Discover 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, solid surface 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 Agent to Sell the Property
Realty Executives Cooper Spransy Brokerage Email: lane@madcitydreamhomes.com License #59089-90 Listed on: 04/15/2025
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
- Entry on the 3rd floor
- Brick Exterior Construction
- Stone Exterior Construction
Interior Spaces
- 1,293 Sq Ft Home
- Open Floorplan
- Electric Fireplace
- Den
- Wood Flooring
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Main Floor Bedroom
- Walk-In Closet
- 2 Full Bathrooms
- Bathroom on Main Level
- Bathtub
- Shower Only
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- Garage
- Heated Garage
- Garage Door Opener
Accessible Home Design
- Accessible Approach with Ramp
- Low Pile Carpeting
- Ramped or Level from Garage
Outdoor Features
- Deck
- Patio
Schools
- Franklin/Randall Elementary School
- Hamilton Middle School
- West High School
Additional Features
- Property is near bus stop
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 0709-231-5015-9
- $2,223 Seller Concession
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
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2025
Closed on
Jul 9, 2025
Sold by
Krecker Margaret L
Bought by
Jones Karen and Gabriel Clifford
Seller's Agent
Lane Manning
Realty Executives Cooper Spransy
Buyer's Agent
Alex Saloutos
Berkshire Hathaway HomeServices True Realty
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,589
Avg. Annual Appreciation
2.66%
Purchase Details
Closed on
Oct 31, 2007
Sold by
Holloway Teresa A
Bought by
Krecker Margaret L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 30, 2005
Sold by
123 West Washington Llc
Bought by
Gray Walter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,900
Interest Rate
5.71%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $520,000 | Founders Title | |
| Condominium Deed | $330,000 | None Available | |
| Warranty Deed | $324,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $210,000 | Purchase Money Mortgage | |
| Previous Owner | $249,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $520,000 | -1.0% | $402 / Sq Ft |
| 05/28/2025 05/28/25 | For Sale | $525,000 | +1.0% | $406 / Sq Ft |
| 04/15/2025 04/15/25 | Off Market | $520,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 |
| 2022 | $14,992 | $396,600 | $55,100 | $341,500 |
| 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
Agents Affiliated with this Home
-
Lane Manning
-
Alex Saloutos
Buyer's Agent in 2025
Alex Saloutos
Berkshire Hathaway HomeServices True Realty
(608) 345-9009
5 in this area
35 Total Sales
About The Lorraine
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1997521
APN: 0709-231-5015-9
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.
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
- 309 W Washington Ave Unit 604
- 121 S Hamilton St Unit 202
- 360 W Washington Ave Unit G02
- 333 W Mifflin St Unit 1160
- 333 W Mifflin St Unit 4090
- 300 N Pinckney St
- 530 W Doty St Unit 107
- 137 E Wilson St Unit 210
- 137 E Wilson St Unit 1113
- 207/207.5/205 N Frances St
- 311 N Hancock St Unit 223
- 112 N Blount St
- 404 S Blount St Unit 307
- 135 S Brittingham Place
- 9252 Gentle Feather Rd
- 0 Confidential Rd Unit 2013448
- 733 E Gorham St
- 752 E Gorham St
- 820 Jenifer St
- 522 E Wilson St