NOT LISTED FOR SALE

123 W Washington Ave Unit 306 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $470,000 - $573,000

1 Bed
2 Baths
1,293 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: July 14, 2025

Last sale price $520,000 $402 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,315 / mo

6 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Main Floor Bedroom
  • Randall Elementary School Rated A
  • Wood Flooring
  • Den

About This Home

As of July 2025

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, 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

Lane Manning

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

Realty Executives Cooper Spransy

Last Buyer's Agent

Alex Saloutos

Berkshire Hathaway HomeServices True Realty License #73069-94

Berkshire Hathaway HomeServices True Realty

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
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,451

Year Built

  • Built in 2004

Lot Details

  • 0.55

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • 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

  • On-Site Manager or Management
  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,451

Year Built

Built in 2004

Lot Details

0.55 Acres

HOA Fees

$608 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • 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 Sold Price Per Sq Ft: 402.17
  • Reso Accessibility Features: Open floor plan, Ramped or level entrance, Ramped or lvl from garage, First floor bedroom, First floor full bath, Stall shower, Low pile or no carpeting
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 1293
  • Finished Above Grade Sq Ft: 1293
  • Bedrooms: 1
  • 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
  • Fireplace: Electric
  • 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
  • Units in Association: 84
  • Units In Building: 84

Schools

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

Lot Info

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

Tax Info

  • Net Taxes: 8451
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-231-5015-9

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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

Listed on
Apr 15, 2025
Closed on
Jul 9, 2025
Sold by
Krecker Margaret L
Bought by
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
$531,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,942
Avg. Annual Appreciation
3.10%

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Madison, WI

  • Frank Pohlkamp Real Estate Agent - Assist 2 Sell Homes 4 You Realty

    Frank Pohlkamp

    Assist 2 Sell Homes 4 You Realty

    (608) 292-4041

    74 Total Sales

    1 in Downtown Madison

    $399,000 Price

    Frank Pohlkamp
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  • Greskelly Diaz Penaranda Real Estate Agent - EXP Realty, LLC

    Greskelly Diaz Penaranda

    EXP Realty, LLC

    (608) 640-3207

    144 Total Sales

    1 in Downtown Madison

    $310,000 Price

    Greskelly Diaz Penaranda
     Section Image
  • Jordan Bishop Real Estate Agent - Real Broker LLC

    Jordan Bishop

    Real Broker LLC

    (608) 292-3537

    237 Total Sales

    2 in Downtown Madison

    $594K - $800K Price Range

    Jordan Bishop
     Section Image
  • Sona Olson Real Estate Agent - Real Broker LLC

    Sona Olson

    Responds Quickly

    Real Broker LLC

    (608) 292-3957

    60 Total Sales

    2 in Downtown Madison

    $330K - $470K Price Range

    Sona Olson
     Section Image
  • Emily Ruzicka Real Estate Agent - Weichert, Realtors - Great Day

    Emily Ruzicka

    Responds Quickly

    Weichert, Realtors - Great Day

    (608) 535-6253

    28 Total Sales

    1 in Downtown Madison

    $380,000 Price

    Emily Ruzicka
     Section Image
  • Jennifer Schmidt Real Estate Agent - Century 21 Ace Realty

    Jennifer Schmidt

    Century 21 Ace Realty

    (920) 944-6138

    61 Total Sales

    1 in Downtown Madison

    $475,000 Price

    Jennifer Schmidt
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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
$520,000 Founders Title
Krecker Margaret L $330,000 None Available
Gray Walter $324,900 None Available
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
Previous Owner $424,000
Previous Owner Krecker Margaret L $181,000
Previous Owner Krecker Margaret L $205,150
Previous Owner Krecker Margaret L $205,150
Previous Owner Krecker Margaret L $205,150
Previous Owner Krecker Margaret L $35,000
Previous Owner Krecker Margaret L $210,000
Previous Owner Gray Walter $249,900
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
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

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 $9,097 $507,200 $55,100 $452,100
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 Real Estate Agent - Realty Executives

    Seller's Agent in 2025

    Lane Manning

    Realty Executives

    (608) 535-5131

    2 in this area

    51 Total Sales

    Lane Manning
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  • Alex Saloutos Real Estate Agent - Berkshire Hathaway HomeServices True Realty

    Buyer's Agent in 2025

    Alex Saloutos

    Berkshire Hathaway HomeServices True Realty

    (608) 345-9009

    5 in this area

    32 Total Sales

    Alex Saloutos
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Map

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

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.

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