123 W Washington Ave Unit 507 Madison, WI 53703
Downtown Madison Neighborhood
1
Bed
2
Baths
1,293
Sq Ft
$585/mo
HOA Fee
Highlights
- Rooftop Deck
- Open Floorplan
- Main Floor Bedroom
- Hamilton Middle School Rated A
- Wood Flooring
- Den
About This Home
As of November 2024Discover the charm of downtown living in this beautifully appointed 5th-floor condo at The Loraine, just steps from the Capitol Square! Spacious 1-bed+den, 2-bath offers a perfect blend of historic elegance & modern luxury. Open living/dining offers a cozy FP, tray ceiling & pretty city views. Tasteful finishes incl birch floors, white/maple woodwork/trims, new W/D, granite ctrs, fresh paint & SS appliances w/gas range/new fridge. Lrg primary has 2 closets + WIC & ensuite bath w/dual vanities, 6' tub, walk in tile shower & new sinks/faucets/quartz ctrs. Versatile den easily serves as a guest room w/adjacent 2nd bath, remodeled w/porcelain tile & walk-in shower. Extra strg + 1 underground prkg! Community room & courtyard+great DT location near restaurants, shops, lakes, UW, Overture & more!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,216
Year Built
- Built in 2004
HOA Fees
- $585 Monthly HOA Fees
Home Design
- Garden Home
- Brick Exterior Construction
Interior Spaces
- 1,293 Sq Ft Home
- Open Floorplan
- Electric Fireplace
- Entrance Foyer
- Den
- Wood Flooring
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathroom on Main Level
- Bathtub
- Walk-in Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
Parking
- Garage
- Heated Garage
- Garage Door Opener
Accessible Home Design
- Accessible Elevator Installed
- Accessible Approach with Ramp
- Ramped or Level from Garage
Location
- Property is near a bus stop
Schools
- Franklin/Randall Elementary School
- Hamilton Middle School
- West High School
Utilities
- Forced Air Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 0709-231-5038-1
Community Details
Overview
- Association fees include parking, hot water, water/sewer, trash removal, snow removal, common area maintenance, common area insurance, reserve fund, lawn maintenance, high speed internet
- 87 Units
- Located in the The Loraine master-planned community
- Property Manager
Additional Features
- Rooftop Deck
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2024
Closed on
Nov 20, 2024
Sold by
Phillips Alex and Pauplis Lauren E
Bought by
Kesting Erik and Eskrich Sara
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
Michael Weiss
MHB Real Estate
List Price
$524,000
Sold Price
$510,000
Premium/Discount to List
-$14,000
-2.67%
Views
25
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
$17,252
Avg. Annual Appreciation
3.07%
Purchase Details
Listed on
Jul 26, 2018
Closed on
Dec 21, 2018
Sold by
Kline Alton David and Kline Laura Beth
Bought by
Phillips Alex and Pauplis Lauren E
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
Katie Schmitz
The Hub Realty
List Price
$379,900
Sold Price
$366,000
Premium/Discount to List
-$13,900
-3.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$292,800
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 27, 2015
Closed on
Mar 3, 2016
Sold by
Brown John L
Bought by
Kline Alton and Kline Laura Beth
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
Shelley Smith-Koechel
Bunbury & Assoc, REALTORS
List Price
$339,900
Sold Price
$331,500
Premium/Discount to List
-$8,400
-2.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
Original Mortgage
$150,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 27, 2015
Closed on
Feb 1, 2016
Sold by
Brown John L
Bought by
Urich Moira L
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
Shelley Smith-Koechel
Bunbury & Assoc, REALTORS
List Price
$339,900
Sold Price
$331,500
Premium/Discount to List
-$8,400
-2.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2010
Sold by
123 West Washington Llc
Bought by
Brown John L
Purchase Details
Closed on
May 11, 2010
Sold by
Schroeder Marie A and Weiner Gary H
Bought by
123 West Washington Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,200
Interest Rate
5.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 2009
Sold by
Droessler Chet J and Droessler Melissa M
Bought by
Schroeder Marie A and Weiner Gary H
Purchase Details
Closed on
Nov 30, 2005
Sold by
123 West Washington Llc
Bought by
Droessler Chet J and Mueller Melissa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,980
Interest Rate
6.17%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in Madison, WI
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 |
|---|---|---|---|
| Warranty Deed | $510,000 | None Listed On Document | |
| Warranty Deed | $510,000 | None Listed On Document | |
| Condominium Deed | $366,000 | None Available | |
| Condominium Deed | $331,500 | Wisconsin Title & Escrow Llc | |
| Quit Claim Deed | -- | Wisconsin Title & Escrow Llc | |
| Condominium Deed | $315,000 | None Available | |
| Condominium Deed | $326,500 | None Available | |
| Warranty Deed | $326,500 | None Available | |
| Warranty Deed | $339,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $280,200 | New Conventional | |
| Previous Owner | $292,500 | New Conventional | |
| Previous Owner | $292,800 | New Conventional | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $261,200 | Commercial | |
| Previous Owner | $67,980 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $510,000 | -2.7% | $394 / Sq Ft |
| 10/18/2024 10/18/24 | For Sale | $524,000 | +2.7% | $405 / Sq Ft |
| 10/17/2024 10/17/24 | Off Market | $510,000 | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $524,000 | +43.2% | $405 / Sq Ft |
| 12/21/2018 12/21/18 | Sold | $366,000 | -1.1% | $283 / Sq Ft |
| 10/24/2018 10/24/18 | Pending | -- | -- | -- |
| 09/25/2018 09/25/18 | Price Changed | $369,900 | -2.6% | $286 / Sq Ft |
| 07/26/2018 07/26/18 | For Sale | $379,900 | +14.6% | $294 / Sq Ft |
| 03/03/2016 03/03/16 | Sold | $331,500 | -2.5% | $256 / Sq Ft |
| 12/29/2015 12/29/15 | Pending | -- | -- | -- |
| 11/27/2015 11/27/15 | For Sale | $339,900 | -- | $263 / Sq Ft |
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 | $17,525 | $499,700 | $55,100 | $444,600 |
| 2023 | $8,216 | $454,300 | $55,100 | $399,200 |
| 2021 | $7,774 | $365,600 | $55,100 | $310,500 |
| 2020 | $8,135 | $365,600 | $55,100 | $310,500 |
| 2019 | $7,949 | $365,600 | $55,100 | $310,500 |
| 2018 | $8,292 | $380,000 | $55,100 | $324,900 |
| 2017 | $7,517 | $331,500 | $47,900 | $283,600 |
| 2016 | $7,717 | $331,500 | $43,500 | $288,000 |
| 2015 | $7,459 | $311,300 | $22,900 | $288,400 |
| 2014 | $7,464 | $311,300 | $22,900 | $288,400 |
| 2013 | $7,180 | $299,300 | $22,900 | $276,400 |
Source: Public Records
Agents Affiliated with this Home
-
T
Seller's Agent in 2024
The Hub Team
The Hub Realty
(608) 556-4400
22 in this area
247 Total Sales
-
Buyer's Agent in 2024
Michael Weiss
MHB Real Estate
(608) 709-9023
1 in this area
127 Total Sales
-
Seller's Agent in 2018
Brandon Grosse
Accord Realty
(608) 577-9860
20 in this area
167 Total Sales
-
Buyer's Agent in 2018
Katie Schmitz
The Hub Realty
(608) 556-4400
11 in this area
110 Total Sales
-
Buyer's Agent in 2016
Shelley Smith-Koechel
Bunbury & Assoc, REALTORS
(608) 575-9076
1 in this area
60 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1987961
APN: 0709-231-5038-1
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