NOT LISTED FOR SALE

2 Sherman Terrace Unit 2 Madison, WI 53704

Sherman Terrace Neighborhood

Estimated Value: $260,000 - $305,000

4 Beds
2 Baths
1,704 Sq Ft
$167/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $245,000 $144 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,563/month

15 Days on Market

Highlights

  • Property is near a park
  • Forced Air Cooling System
  • Accessible Bedroom
  • Bathtub
  • Patio
  • 3-minute walk to Filene Park

About This Home

As of March 2024

Welcome to the epitome of Madison living at Sherman Terrace! Nestled in a prime location, this townhouse with 4 bedrooms and 2 baths is the perfect retreat for those seeking a harmonious combination of elegance and functionality. An abundance of natural light featuring bay windows up and down create an inviting and airy atmosphere throughout. The living space features a thermostatic fireplace upstairs, adding a touch of warmth and charm, creating an ideal setting for cozy gatherings or tranquil evenings. This home is strategically located close to Tenney Park, providing easy access to green spaces, walking trails, and the picturesque Lake Mendota just across the way. Embrace the outdoors and revel in the natural beauty surrounding this one of a kind Sherman Terrace condo.

Last Agent to Sell the Property

Amy Bua

First Weber Inc License #74786-94 Listed on: 01/15/2024

First Weber Inc

Last Buyer's Agent

Seth Pfaehler

The McGrady Group, LLC License #58575-90

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,965

Year Built

  • Built in 1949

Lot Details

  • 9

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,704 Sq Ft Home
  • Gas Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Outside Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

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

Utilities

  • Forced Air Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • Private Entrance
  • Property is near a park

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 0709-124-1402-9

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,965

Year Built

Built in 1949

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Townhouse-2 Story
  • Barrier Free: First floor bedroom, First floor full bath, Low pile or no carpeting
  • Items Excluded: property of seller
  • Items Included: refrigerator, oven, stove, dishwasher, washer, washer, dryer, some window coverings
  • Fee Includes: Parking, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund, Lawn maintenance
  • Project Name: Sherman Terrace
  • Year Built: 1949
  • Above Grade Price Per Sq Ft: 164.26
  • Above Grade Sold Price Per Sq Ft: 143.78
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Finished Sq Ft: 1704
  • Finished Above Grade Sq Ft: 1704
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 12x09, On Level: U
  • Bedroom 2: Dimensions: 10x09, On Level: U
  • Bedroom 3: Dimensions: 12x09, On Level: M
  • Bedroom 4: Dimensions: 12x09, On Level: M
  • Kitchen: Dimensions: 8x9, On Level: U
  • Kitchen Features: Kitchen Island, Range/Oven, Refrigerator, Dishwasher, Disposal
  • Living Room: Dimensions: 14x11, On Level: U
  • Family Room: Dimensions: 14x11, On Level: M
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 12x08
  • Basement: None
  • Fireplace: Gas
  • Interior Amenities: Washer, Dryer, Cable/Satellite Available, At Least 1 tub
  • Floor Number: 1
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick
  • Exterior Features: Private Entry, Patio, Unit Adj to Park/PubLand

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space
  • Condo Fee Month: 350
  • Condo Management: Professional offsite
  • Proposed Units In Assoc: 216
  • Units in Association: 216
  • Units In Building: 4

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: 23900
  • Improvements: 193000
  • Total Assessment: 216900
  • Assessment year: 2023
  • Net Taxes: 3965
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-124-1402-9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Mar 1, 2024
Sold by
Cullen Tuyet Elizabeth and Cullen Stephen Paul
Bought by
Ahn John
Seller's Agent
Amy Bua
First Weber Inc
Buyer's Agent
Seth Pfaehler
The McGrady Group, LLC
List Price
$279,900
Sold Price
$245,000
Premium/Discount to List
-$34,900
-12.47%
Views
154
Current Estimated Value
$283,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,970
Avg. Annual Appreciation
12.18%
Original Mortgage
$237,650
Outstanding Balance
$234,592
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$51,212

Purchase Details

Listed on
May 26, 2016
Closed on
Aug 15, 2016
Sold by
Young Phoebe S
Bought by
Cullen Tuyet Elizabeth and Cullen Stephen Paul
Seller's Agent
Peggy Adams
Cardinal Star Realty
Buyer's Agent
Michelle Minter
South Central Non-Member
List Price
$150,000
Sold Price
$146,000
Premium/Discount to List
-$4,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Source: Public Records

Range of Values:

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List Price
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 Buyer Sale Price Title Company
Ahn John $267,900 None Listed On Document
Cullen Tuyet Elizabeth $147,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahn John $237,650
Previous Owner Cullen Tuyet E $12,000
Previous Owner Young Phoebe S $159,200
Previous Owner Young Phoebe S $32,150
Previous Owner Young Phoebe $25,000
Previous Owner Young Pecebe $15,000
Previous Owner Young Phoebe S $134,000
Previous Owner Young Phoebe S $10,000
Previous Owner Young Phoebe S $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $245,000 -12.5% $144 / Sq Ft
01/15/2024 01/15/24 For Sale $279,900 +91.7% $164 / Sq Ft
08/15/2016 08/15/16 Sold $146,000 -2.7% $86 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $150,000 -- $88 / 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 $7,743 $238,600 $26,300 $212,300
2023 $3,548 $216,900 $23,900 $193,000
2021 $3,434 $177,800 $19,200 $158,600
2020 $4,138 $171,000 $18,500 $152,500
2019 $4,079 $167,600 $18,500 $149,100
2018 $3,668 $147,000 $18,500 $128,500
2017 $3,863 $147,000 $17,000 $130,000
2016 $3,293 $118,700 $17,000 $101,700
2015 $2,388 $105,000 $17,000 $88,000
2014 $2,335 $105,000 $17,000 $88,000
2013 $4,035 $105,000 $17,000 $88,000
Source: Public Records

Agents Affiliated with this Home

  • Amy Bua

    Seller's Agent in 2024

    Amy Bua

    First Weber Inc

    (608) 698-2692

    1 in this area

    32 Total Sales

    Amy Bua
    Section Image
  • Seth Pfaehler

    Buyer's Agent in 2024

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    2 in this area

    474 Total Sales

    Seth Pfaehler
    Section Image
  • Peggy Adams

    Seller's Agent in 2016

    Peggy Adams

    Cardinal Star Realty

    (608) 206-2106

    35 Total Sales

    Peggy Adams
    Section Image

  • M

    Buyer's Agent in 2016

    Michelle Minter

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1969632

South Central Wisconsin Multiple Listing Service

APN: 0709-124-1402-9

Wisconsin Dane County Madison 53704 Sherman Terrace

2 Sherman Terrace Unit 2, Madison, WI

This home is located at 2 Sherman Terrace Unit 2, Madison, WI 53704 since 15 January 2024 and is currently estimated at $283,970, approximately $166 per square foot. This property was built in 1949. 2 Sherman Terrace Unit 2 is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

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