3 Sherman Terrace Unit 3 Madison, WI 53704
Sherman Terrace Neighborhood
2
Beds
1
Bath
852
Sq Ft
$325/mo
HOA Fee
Highlights
- Open Floorplan
- Intercom
- Community Playground
- Bathtub
- Forced Air Cooling System
- 3-minute walk to Filene Park
About This Home
As of August 2025Located 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
Compass Real Estate Wisconsin License #90528-94 Listed on: 06/18/2025
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
- 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
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
-36.03%
Original Mortgage
$208,550
Outstanding Balance
$208,550
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$763
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
Similar Homes in Madison, WI
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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
Average Home Value in this Area
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 | |
| Previous Owner | $65,700 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $17,800 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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
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
70 Total Sales
-
Matt Kornstedt
Buyer's Agent in 2025
Matt Kornstedt
Stark Company, REALTORS
(608) 345-7943
6 in this area
1,822 Total Sales
-
Marine Yoo
Seller's Agent in 2021
Marine Yoo
Real Broker LLC
(608) 527-0753
7 in this area
1,567 Total Sales
-
Vickie Hoffman
V
Seller's Agent in 2016
Vickie Hoffman
Compass Real Estate Wisconsin
(608) 225-1342
33 Total Sales
-
A
Buyer's Agent in 2016
Aaron Curran
Curran Real Estate, LLC
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2002387
APN: 0709-124-1503-5
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