$545,000
SOLD DEC 11, 2024

123 W Washington Ave Unit 804 Madison, WI 53703

Downtown Madison Neighborhood
1 Bed
2 Baths
1,320 Sq Ft
$587/mo HOA Fee

Recently Sold

$413 Per Sq Ft

2% Below List Price

43 Days on Market

Highlights

  • Wood Flooring
  • Hydromassage or Jetted Bathtub
  • Den
  • Hamilton Middle School Rated A
  • Great Room
  • Elevator

About This Home

As of December 2024

Elegant 8th-floor condominium at The Loraine in downtown Madison, offers stunning craftsmanship throughout. The open living area is bathed in natural light & features a cozy fireplace & tray ceiling w/ crown molding. The kitchen showcases stainless steel appliances, granite countertops, & abundant cabinet space. Built in hutch in the foyer adds more storage. The primary suite features a tray ceiling, double vanity, separate tub & shower, & spacious closet. A versatile den or second bedroom w/ glass french doors. Full bath off the foyer for added convenience. Gorgeous woodwork & attention to detail enhance the character of this condominium. The building offers an outdoor courtyard & meeting space. Experience downtown living with dining, shopping, and the Capitol just steps away.

Last Agent to Sell the Property

Denise Holmes

Bunbury & Assoc, REALTORS License #22306-90 495-9 Listed on: 10/14/2024

Co-Listed By

Lindsay Koth

Bunbury & Assoc, REALTORS License #79724-94

Last Buyer's Agent

Lisa Engel

RE/MAX Preferred License #80836-94

RE/MAX Preferred

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,182

Year Built

  • Built in 2004

HOA Fees

  • $587 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 1,320 Sq Ft Home
  • Great Room
  • Den
  • Storage Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

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 0709-231-5068-8

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
  • 87 Units
  • Located in the The Loraine master-planned community
  • Property Manager
  • Greenbelt

Additional Features

  • Elevator
  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,182

Year Built

Built in 2004

Lot Details

0

HOA Fees

$587 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.
  • Items Included: Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, All window treatments
  • Fee Includes: Parking, Hot Water, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund, Lawn maintenance
  • Project Name: The Loraine
  • Year Built: 2004
  • Above Grade Price Per Sq Ft: 414.39
  • Above Grade Sold Price Per Sq Ft: 412.88
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 1320
  • Finished Above Grade Sq Ft: 1320
  • Bedrooms: 1
  • Total Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 14x12, On Level: M
  • Kitchen: Dimensions: 9x12, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 14x17, On Level: M
  • Dining Room: Dimensions: 7x16, On Level: M
  • Other Rooms: Den/Office
  • Other Room 1: Den/Office, Dimensions: 11x10, 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), Great room, Washer, Dryer, Jetted bathtub, Storage Unit Inc, Split bedrooms
  • Floor Number: 8
  • Primary Bedroom Bathrooms: Walk-in Shower, Separate Tub

Exterior Features

  • Exterior: Brick, Stone

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Security system, Close to busline, Elevator
  • Condo Fee Month: 587
  • Condo Management: Professional offsite
  • Units in Association: 87
  • Units In Building: 87

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: 56400
  • Improvements: 465700
  • Total Assessment: 522100
  • Assessment year: 2024
  • Net Taxes: 8182
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-231-5068-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Dec 10, 2024
Sold by
Martinez Judith D
Bought by
Lam Kam Wah
Seller's Agent
Denise Holmes
Bunbury & Assoc, REALTORS
Buyer's Agent
Lisa Engel
RE/MAX Preferred
List Price
$557,500
Sold Price
$545,000
Premium/Discount to List
-$12,500
-2.24%
Views
57
Current Estimated Value
$565,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,056
Avg. Annual Appreciation
0.46%
Original Mortgage
$180,000
Interest Rate
6.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 26, 2018
Sold by
Knier Jeffrey J and Knier Ann M
Bought by
Martinez Judith D
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
Denise Holmes
Bunbury & Assoc, REALTORS
List Price
$405,000
Sold Price
$404,500
Premium/Discount to List
-$500
-0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$303,350
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2013
Closed on
Aug 23, 2013
Sold by
Ellingson Gary
Bought by
Knier Jeffrey J and Knier Ann M
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
Conrad Blau
South Central Non-Member
List Price
$333,500
Sold Price
$326,000
Premium/Discount to List
-$7,500
-2.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$25,000
Interest Rate
4.33%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 18, 2005
Sold by
123 West Washington Llc
Bought by
Ellingson Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,900
Interest Rate
5.89%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Essential Title Services Llc
Deed -- Essential Title Services Llc
Deed $404,500 --
Condominium Deed $326,000 Wisconsin Title & Escrow Llc
Warranty Deed $378,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $180,000 Construction
Previous Owner $291,000 New Conventional
Previous Owner $303,350 New Conventional
Previous Owner $25,000 Credit Line Revolving
Previous Owner $244,500 New Conventional
Previous Owner $219,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $545,000 -0.4% $413 / Sq Ft
11/21/2024 11/21/24 Price Changed $547,000 -1.9% $414 / Sq Ft
10/29/2024 10/29/24 For Sale $557,500 +2.3% $422 / Sq Ft
10/15/2024 10/15/24 Off Market $545,000 -- --
10/14/2024 10/14/24 For Sale $557,500 +37.8% $422 / Sq Ft
02/28/2018 02/28/18 Sold $404,500 -0.1% $306 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $405,000 +24.2% $307 / Sq Ft
08/28/2013 08/28/13 Sold $326,000 -2.2% $247 / Sq Ft
07/02/2013 07/02/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $333,500 -- $253 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

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 $17,781 $522,100 $56,400 $465,700
2023 $8,182 $470,400 $56,400 $414,000
2021 $8,307 $404,500 $56,400 $348,100
2020 $8,815 $404,500 $56,400 $348,100
2019 $8,827 $404,500 $56,400 $348,100
2018 $8,517 $390,000 $56,400 $333,600
2017 $7,388 $326,000 $49,000 $277,000
2016 $7,585 $326,000 $44,500 $281,500
2015 $7,815 $326,000 $23,400 $302,600
2014 $7,820 $326,000 $23,400 $302,600
2013 $8,132 $338,500 $23,400 $315,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1987787

South Central Wisconsin Multiple Listing Service

APN: 0709-231-5068-8