NOT LISTED FOR SALE

16 Sherman Terrace Unit 5 Madison, WI 53704

Sherman Terrace Neighborhood

Estimated Value: $203,000 - $220,000

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

Last Sold April 17, 2025

Last sale price $215,000 $252 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,929/month

5 Days on Market

Highlights

  • Open Floorplan
  • Bathtub
  • Tankless Water Heater
  • Wood Flooring
  • Forced Air Cooling System
  • 3-minute walk to Filene Park

About This Home

As of April 2025

Showings start Friday 3/14. Sun drenched Sherman Terrace condo with great updates and incredible south facing exposure! The kitchen features newer cabinets, gas stove, faucet, and washing machine. Bathroom includes a new toilet, faucet, and newer vinyl shower surround. This unit boasts fresh paint, newer vinyl windows, LVP & cork floors, and newer tankless water heater. Move right in and enjoy the easy access to the bus lines, bike path, Tenney Park/Lake Mendota, UW, and the airport! See list of updates! For more information contact Asher Masino at 608-509-8563 or Asher@LauerRealtyGroup.com.

Last Agent to Sell the Property

Asher Masino

Lauer Realty Group, Inc. License #79846-94 Listed on: 03/12/2025

Last Buyer's Agent

Jennifer Geils

Stark Company, REALTORS License #94521-94

Stark Company, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,156

Year Built

  • Built in 1949

Lot Details

  • 9.21

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Garden Home
  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 852 Sq Ft Home
  • Open Floorplan
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Cooling System
  • Window Unit Cooling System
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Association fees include parking, trash removal, snow removal, common area maintenance, common area insurance, reserve fund
  • 6 Units
  • Located in the Sherman Terrace Condo master-planned community
  • Property Manager
  • Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 0709-124-2805-4
  • $400 Seller Concession

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,156

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
  • Items Excluded: All Personal Property of the Seller, Curtains.
  • Items Included: Range/Oven, Refrigerator, Microwave, Disposal, Washer/Dryer, 2 Window AC Units, Curtain rods
  • Fee Includes: Parking, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund
  • Project Name: Sherman Terrace Condo
  • Year Built: 1949
  • Above Grade Price Per Sq Ft: 252.35
  • Above Grade Sold Price Per Sq Ft: 252.35
  • Reso Accessibility Features: Open floor plan
  • 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: 11x8, On Level: M
  • Kitchen: Dimensions: 8x7, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Microwave, Disposal
  • Living Room: Dimensions: 16x12, On Level: M
  • Dining Room: Dimensions: 11x9, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Washer, Dryer, Cable/Satellite Available, At Least 1 tub, Tankless Water Heater
  • Floor Number: 3
  • 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: Outside only

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Close to busline
  • Condo Fee Month: 275
  • Condo Management: Professional offsite
  • 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: RES
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 12900
  • Improvements: 170100
  • Total Assessment: 183000
  • Assessment year: 2024
  • Net Taxes: 3156
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-124-2805-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2025
Closed on
Apr 16, 2025
Sold by
Shiffer Bronwyn
Bought by
Gill Kevin S and Flowers Anna E
Seller's Agent
Asher Masino
Lauer Realty Group, Inc.
Buyer's Agent
Jennifer Geils
Stark Company, REALTORS
List Price
$215,000
Sold Price
$215,000
Views
39
Current Estimated Value
$213,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,369
Avg. Annual Appreciation
-3.65%
Original Mortgage
$172,000
Outstanding Balance
$172,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$39,667

Purchase Details

Listed on
Aug 31, 2016
Closed on
Oct 14, 2016
Sold by
Harris Frank
Bought by
Shiffer Bronwyn
Seller's Agent
Matt Kornstedt
Stark Company, REALTORS
Buyer's Agent
Melissa Kidau
Forty Acre Realty
List Price
$104,900
Sold Price
$104,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%

Purchase Details

Closed on
Dec 21, 2007
Sold by
The Bank Of New Glarus
Bought by
Harris Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2007
Sold by
Way John Frederick
Bought by
The Bank Of New Glarus
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gill Kevin S $215,000 Knight Barry Title
Shiffer Bronwyn $104,900 Attorney
Harris Frank $80,500 None Available
The Bank Of New Glarus $71,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Kevin S $172,000
Previous Owner Shiffer Bronwyn $146,400
Previous Owner Harris Frank $38,500
Previous Owner Harris Frank $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Sold $215,000 0.0% $252 / Sq Ft
03/12/2025 03/12/25 For Sale $215,000 +105.0% $252 / Sq Ft
10/14/2016 10/14/16 Sold $104,900 0.0% $123 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $104,900 -- $123 / 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 $6,312 $183,000 $12,900 $170,100
2023 $2,953 $166,400 $11,700 $154,700
2021 $2,668 $128,100 $9,400 $118,700
2020 $2,689 $123,200 $9,000 $114,200
2019 $2,619 $119,600 $9,000 $110,600
2018 $2,285 $104,900 $9,000 $95,900
2017 $2,368 $104,900 $8,300 $96,600
2016 $1,773 $77,300 $8,300 $69,000
2015 $1,638 $69,500 $8,300 $61,200
2014 $1,606 $69,500 $8,300 $61,200
2013 $1,857 $69,500 $8,300 $61,200
Source: Public Records

Agents Affiliated with this Home

  • Asher Masino

    Seller's Agent in 2025

    Asher Masino

    Lauer Realty Group, Inc.

    (608) 509-8563

    1 in this area

    206 Total Sales

    Asher Masino
    Section Image

  • J

    Buyer's Agent in 2025

    Jennifer Geils

    Stark Company, REALTORS

    (914) 661-1291

    1 in this area

    38 Total Sales

    Jennifer Geils
    Section Image
  • Matt Kornstedt

    Seller's Agent in 2016

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    6 in this area

    1,841 Total Sales

    Matt Kornstedt
    Section Image
  • Jennifer Stauter

    Seller Co-Listing Agent in 2016

    Jennifer Stauter

    Stark Company, REALTORS

    (608) 839-7137

    Jennifer Stauter
    Section Image

  • M

    Buyer's Agent in 2016

    Melissa Kidau

    Forty Acre Realty

    (608) 334-9046

    9 Total Sales

    Melissa Kidau
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1995059

South Central Wisconsin Multiple Listing Service

APN: 0709-124-2805-4

Wisconsin Dane County Madison 53704 Sherman Terrace

16 Sherman Terrace Unit 5, Madison, WI

This home is located at 16 Sherman Terrace Unit 5, Madison, WI 53704 since 12 March 2025 and is currently estimated at $213,631, approximately $250 per square foot. This property was built in 1949. 16 Sherman Terrace Unit 5 is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

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.

Nearby Homes