$190,000
SOLD OCT 23, 2024

16 Sherman Terrace Unit 2 Madison, WI 53704

Sherman Terrace Neighborhood
2 Beds
1 Bath
852 Sq Ft
$275/mo HOA Fee

Recently Sold

$223 Per Sq Ft

14% Below List Price

16 Days on Market

Highlights

  • Wood Flooring
  • Resident Manager or Management On Site
  • 3-minute walk to Filene Park
  • Forced Air Cooling System
  • Garden Home

About This Home

As of October 2024

Nice and convenient 1st floor condo unit presents so many unique features: easy access, large concrete patio at the back of the building installed by the seller 7 years ago; Large backyard; vegie garden for you to plant and to enjoy. intensive remodeling was just completed in this unit. Just to name a few: brand new Kitchen appliances, brand new bathrm vanity & cabinet, bathrm vent newly installed; new lighting fixtures, freshly painted through out the unit inside & out; Windows in the bathroom and kitchen replaced 09/24; Move-in READY; Next to Tenney Park, Lake Mendota, and right on the bike parth and bus line. Priced for quick sale;

Last Agent to Sell the Property

Yishu Jiang

Tri-River Realty License #57358-90 Listed on: 09/09/2024

Last Buyer's Agent

Yishu Jiang

Tri-River Realty License #57358-90 Listed on: 09/09/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,260

Year Built

  • Built in 1949

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 852 Sq Ft Home
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Outside Parking
  • Assigned Parking

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Forced Air Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0709-124-2802-0

Community Details

Overview

  • Association fees include parking, water/sewer, trash removal, snow removal, common area maintenance, common area insurance, lawn maintenance
  • 6 Units
  • Located in the Sherman Terrace master-planned community

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,260

Year Built

Built in 1949

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden, Conversion
  • Items Included: Refrigerator, range/oven, dishwasher, disposal, washer & dryer, window AC, All window treatments
  • Fee Includes: Parking, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Lawn maintenance
  • Project Name: Sherman Terrace
  • Year Built: 1949
  • Above Grade Price Per Sq Ft: 257.98
  • Above Grade Sold Price Per Sq Ft: 223
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 852
  • Finished Above Grade Sq Ft: 852
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 12x10, On Level: M
  • Bedroom 2: Dimensions: 10x09, On Level: M
  • Kitchen: Dimensions: 09x08, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 16x12, On Level: M
  • Dining Area: Dimensions: 11x09, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Washer, Dryer
  • Floor Number: 1
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Window AC
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: 2+ spaces assigned, Outside only

Condo/Co-op/Association

  • Condo Fee Month: 275
  • Condo Management: Professional onsite
  • Proposed Units In Assoc: 217
  • Units in Association: 217
  • Units In Building: 6

Schools

  • School District: Madison
  • Elementary School: Emerson
  • Middle School: Sherman
  • High School: East
  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Zoning: TR-V2
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 12900
  • Improvements: 148100
  • Total Assessment: 161000
  • Assessment year: 2024
  • Net Taxes: 2260
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-124-2802-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Oct 23, 2024
Sold by
Zhang Xun
Bought by
Mamlouk Gabriella Minerva and Rozakis Peter
Seller's Agent
Yishu Jiang
Tri-River Realty
Buyer's Agent
Yishu Jiang
Tri-River Realty
List Price
$219,800
Sold Price
$190,000
Premium/Discount to List
-$29,800
-13.56%
Views
53
Current Estimated Value
$197,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,791
Avg. Annual Appreciation
4.14%
Original Mortgage
$100,000
Outstanding Balance
$97,614
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$100,177

Purchase Details

Closed on
Jun 10, 2014
Sold by
Kivlin Susan C
Bought by
Zhang Xun
Source: Public Records

Range of Values:

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Sold Price
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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
Warranty Deed $190,000 None Listed On Document
Sheriffs Deed $9,660 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $190,000 -13.6% $223 / Sq Ft
09/09/2024 09/09/24 For Sale $219,800 -- $258 / 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 $4,995 $161,000 $12,900 $148,100
2023 $2,260 $146,400 $11,700 $134,700
2021 $2,032 $112,600 $9,400 $103,200
2020 $2,445 $108,300 $9,000 $99,300
2019 $2,263 $100,300 $9,000 $91,300
2018 $2,028 $88,000 $9,000 $79,000
2017 $1,986 $80,500 $8,300 $72,200
2016 $1,801 $70,600 $8,300 $62,300
2015 $1,364 $63,500 $8,300 $55,200
2014 $1,329 $63,500 $8,300 $55,200
2013 $2,035 $63,500 $8,300 $55,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1985528

South Central Wisconsin Multiple Listing Service

APN: 0709-124-2802-0