16 Sherman Terrace Unit 5 Madison, WI 53704
Sherman Terrace Neighborhood
2
Beds
1
Bath
852
Sq Ft
$275/mo
HOA Fee
Highlights
- Wood Flooring
- Forced Air Cooling System
- Property is near a bus stop
- Bathtub
- Tankless Water Heater
- 3-minute walk to Filene Park
About This Home
As of April 2025Showings 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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,156
Year Built
- Built in 1949
HOA Fees
- $275 Monthly HOA Fees
Parking
- Outside Parking
Home Design
- Garden Home
- Brick Exterior Construction
Interior Spaces
- 852 Sq Ft Home
- 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
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
Total Days on Market
5
Views
39
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.76%
Original Mortgage
$172,000
Outstanding Balance
$172,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$40,271
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
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $215,000 | Knight Barry Title | |
| Condominium Deed | $104,900 | Attorney | |
| Condominium Deed | $80,500 | None Available | |
| Sheriffs Deed | $71,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $172,000 | New Conventional | |
| Previous Owner | $146,400 | Credit Line Revolving | |
| Previous Owner | $38,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $40,500 | Purchase Money Mortgage |
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
| 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
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1995059
APN: 0709-124-2805-4
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