NOT LISTED FOR SALE

25 Sherman Terrace Unit 6 Madison, WI 53704

Sherman Terrace Neighborhood

Estimated Value: $190,000 - $219,451

2 Beds
1 Bath
852 Sq Ft
$140/mo HOA Fee

Last Sold June 10, 2013

Last sale price $75,000 $88 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $1,708/month

Highlights

  • Wood Flooring
  • Intercom
  • Building Security System
  • Bathtub
  • Forced Air Cooling System
  • 4-minute walk to Filene Park

About This Home

As of June 2013

Quiet, updated condo in great neighborhood. Remodeled kitchen includes gas stove in butcher block peninsula w/ seating and lots of storage. Updated bathroom includes high efficiency Kohler toilet, pedestal sink and beautiful sim wood flooring. Windows & water heater new in 2006. Compact washer/dryer in condo. Nearby amenities includes: on bus line, near bike paths, Tenney Park (tennis, basketball, beach, ice rink, b-cycle station) and Burrows park within walking distance, close to downtown/campus area. See http://www.fsbomadison.com/16182 or call 920-540-9143 (Ryan) or 608-438-2036 (Krista) for info.

Last Agent to Sell the Property

Jerry Wheeler

South Central Non-Member License #57072-90 Listed on: 03/28/2013

Last Buyer's Agent

Monika Ramsey

First Weber Inc License #52604-90

First Weber Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,505

Year Built

  • Built in 1955

Lot Details

  • 9.21

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 852 Sq Ft Home
  • Low Emissivity Windows
  • Wood Flooring
  • Intercom
  • Laundry on main level

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0709-124-3706-3

Community Details

Overview

  • Association fees include water/sewer, trash removal, snow removal, common area maintenance, common area insurance
  • 7 Units
  • Located in the SHERMAN TERRACE master-planned community
  • Greenbelt

Amenities

  • Laundry Facilities

Security

  • Resident Manager or Management On Site
  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,505

Year Built

Built in 1955

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Conversion
  • Fee Includes: Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance
  • Project Name: SHERMAN TERRACE
  • Year Built: 1955
  • Above Grade Price Per Sq Ft: 93.31
  • Above Grade Sold Price Per Sq Ft: 88.03
  • 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: 14x10, On Level: M
  • Bedroom 2: Dimensions: 10x8, On Level: M
  • Kitchen: Dimensions: 7x8, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Disposal
  • Living Room: Dimensions: 16x12, On Level: M
  • Dining Room: Dimensions: 12x8, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Intercom, Cable/Satellite Available, At Least 1 tub
  • Floor Number: 3
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick, Stone

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Shared Laundry Facilities, Security system, Close to busline
  • Condo Fee Month: 140
  • Condo Management: Professional onsite
  • Proposed Units In Assoc: 186
  • Units in Association: 186
  • Units In Building: 7

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

Green Features

  • Energy Eff Green: Low E Windows

Lot Info

  • Zoning: R5
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 8300
  • Improvements: 53900
  • Total Assessment: 62200
  • Assessment year: 2012
  • Net Taxes: 1505
  • Tax Year: 2012
  • Assessor Parcel Number: 0709-124-3706-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2013
Closed on
Jun 10, 2013
Sold by
Hood Richard R and Hood Krista A
Bought by
Pettersen Roger C and Pettersen Linda C
Seller's Agent
Jerry Wheeler
South Central Non-Member
Buyer's Agent
Monika Ramsey
First Weber Inc
List Price
$79,500
Sold Price
$75,000
Premium/Discount to List
-$4,500
-5.66%
Current Estimated Value
$204,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,113
Avg. Annual Appreciation
8.47%
Original Mortgage
$51,675
Outstanding Balance
$11,505
Interest Rate
3.34%
Mortgage Type
New Conventional
Estimated Equity
$192,608

Purchase Details

Closed on
Apr 14, 2006
Sold by
Lee Wayne C
Bought by
Stensvold Krista A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,100
Interest Rate
6.48%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Pettersen Roger C $75,000 None Available
Stensvold Krista A $79,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pettersen Roger C $51,675
Previous Owner Stensvold Krista A $77,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2013 06/10/13 Sold $75,000 -5.7% $88 / Sq Ft
04/18/2013 04/18/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $79,500 -- $93 / 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 $5,834 $169,500 $12,900 $156,600
2023 $2,729 $154,100 $11,700 $142,400
2021 $2,464 $118,600 $9,400 $109,200
2020 $2,482 $114,000 $9,000 $105,000
2019 $2,303 $105,600 $9,000 $96,600
2018 $2,008 $92,600 $9,000 $83,600
2017 $2,081 $92,600 $8,300 $84,300
2016 $1,876 $81,200 $8,300 $72,900
2015 $1,725 $73,000 $8,300 $64,700
2014 $1,691 $73,000 $8,300 $64,700
2013 $1,481 $73,000 $8,300 $64,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1679596

South Central Wisconsin Multiple Listing Service

APN: 0709-124-3706-3