$215,000
SOLD AUG 5, 2025

3 Sherman Terrace Unit 3 Madison, WI 53704

Sherman Terrace Neighborhood
2 Beds
1 Bath
852 Sq Ft
$325/mo HOA Fee

Recently Sold

$252 Per Sq Ft

4% Below List Price

10 Days on Market

Highlights

  • Open Floorplan
  • Intercom
  • Community Playground
  • Bathtub
  • Forced Air Cooling System
  • 3-minute walk to Filene Park

About This Home

As of August 2025

Located steps away from Tenney Park and Lake Mendota, this two bedroom, one bathroom condo is perfect for those looking to be active or find solidarity. Close to basketball/tennis/pickleball courts, fishing, and ice skating. Also walkable to Mint Mark and the highly anticipated Madison Public Market! The unit has no shared walls and large, newer windows in every room that let abundant, natural light shine through. Efficient, central A/C - a rarity for this complex! Extensively updated throughout 2015-2019. Garden plots available. Move before the end of summer!

Last Agent to Sell the Property

Kelsey Swanson Graf

Compass Real Estate Wisconsin License #90528-94 Listed on: 06/18/2025

Compass Real Estate Wisconsin

Last Buyer's Agent

Matt Kornstedt

Stark Company, REALTORS

Stark Company, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,958

Year Built

  • Built in 1949

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Garden Home
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 852 Sq Ft Home
  • Open Floorplan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Schools

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

Utilities

  • Forced Air Cooling System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0709-124-1503-5
  • $5,000 Seller Concession

Community Details

Overview

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

Recreation

  • Community Playground

Security

  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,958

Year Built

Built in 1949

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden
  • Items Excluded: Seller's personal property
  • Items Included: Refrigerator, Microwave, Stove/Range, Washer, Dryer, Window Coverings
  • Fee Includes: Parking, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund
  • Project Name: Sherman Ter Condo Homes
  • Year Built: 1949
  • Above Grade Price Per Sq Ft: 264.08
  • 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: 12x9, On Level: M
  • Kitchen: Dimensions: 9x7, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 16x12, On Level: M
  • Dining Room: Dimensions: 12x9, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Washer, Dryer, Security system for Unit, Intercom, Cable/Satellite Available, At Least 1 tub, Internet -Fiber Available
  • Floor Number: 2
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Playground equipment, Security system
  • Condo Fee Month: 325
  • 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: TR-V2
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 12900
  • Improvements: 176100
  • Total Assessment: 189000
  • Assessment year: 2025
  • Net Taxes: 2958
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-124-1503-5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2025
Closed on
Aug 5, 2025
Sold by
Schwarzwalder Anne
Bought by
Ozturk Gulustan
Seller's Agent
Kelsey Swanson Graf
Compass Real Estate Wisconsin
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.52%
Original Mortgage
$208,550
Outstanding Balance
$208,371
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$5,972

Purchase Details

Listed on
Mar 23, 2021
Closed on
Apr 30, 2021
Sold by
Dettmering Nicole A and Hause Zachary
Bought by
Schwarzwalder Anne
Seller's Agent
Marine Yoo
Real Broker LLC
Buyer's Agent
Marine Yoo
Real Broker LLC
List Price
$135,000
Sold Price
$137,000
Premium/Discount to List
$2,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%
Original Mortgage
$123,300
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $215,000 None Listed On Document
Warranty Deed $137,000 Nations Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $208,550 New Conventional
Previous Owner $123,300 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2025 08/05/25 Sold $215,000 -4.4% $252 / Sq Ft
07/10/2025 07/10/25 For Sale $225,000 +4.7% $264 / Sq Ft
06/18/2025 06/18/25 Off Market $215,000 -- --
04/30/2021 04/30/21 Sold $137,000 +1.5% $161 / Sq Ft View Prior Sale
04/04/2021 04/04/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $135,000 +84.9% $158 / Sq Ft
03/30/2016 03/30/16 Sold $73,000 -8.6% $86 / Sq Ft View Prior Sale
02/20/2016 02/20/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $79,900 -- $94 / 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 $5,916 $171,800 $12,900 $158,900
2023 $2,767 $156,200 $11,700 $144,500
2021 $2,335 $112,600 $9,400 $103,200
2020 $2,363 $108,300 $9,000 $99,300
2019 $2,193 $100,300 $9,000 $91,300
2018 $1,914 $88,000 $9,000 $79,000
2017 $1,970 $87,400 $8,300 $79,100
2016 $1,766 $76,600 $8,300 $68,300
2015 $1,253 $55,000 $8,300 $46,700
2014 $1,255 $55,000 $8,300 $46,700
2013 $1,620 $55,000 $8,300 $46,700
Source: Public Records

Agents Affiliated with this Home

  • Kelsey Swanson Graf

    Seller's Agent in 2025

    Kelsey Swanson Graf

    Compass Real Estate Wisconsin

    (920) 619-6915

    1 in this area

    73 Total Sales

    Kelsey Swanson Graf
    Section Image
  • Matt Kornstedt

    Buyer's Agent in 2025

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    6 in this area

    1,847 Total Sales

    Matt Kornstedt
    Section Image
  • Marine Yoo

    Seller's Agent in 2021

    Marine Yoo

    Real Broker LLC

    (608) 527-0753

    7 in this area

    1,520 Total Sales

    Marine Yoo
    Section Image

  • V

    Seller's Agent in 2016

    Vickie Hoffman

    Compass Real Estate Wisconsin

    (608) 225-1342

    35 Total Sales

    Vickie Hoffman
    Section Image

  • A

    Buyer's Agent in 2016

    Aaron Curran

    Curran Real Estate, LLC

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2002387

South Central Wisconsin Multiple Listing Service

APN: 0709-124-1503-5

Wisconsin Dane County Madison 53704 Sherman Terrace

3 Sherman Terrace Unit 3, Madison, WI

This home is located at 3 Sherman Terrace Unit 3, Madison, WI 53704 and is currently priced at $215,000, approximately $252 per square foot. This property was built in 1949. 3 Sherman Terrace Unit 3 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.

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