3 Sherman Terrace Unit 3 Madison, WI 53704
Sherman Terrace NeighborhoodEstimated payment $1,815/month
Total Views
347
2
Beds
1
Bath
852
Sq Ft
$264
Price per Sq Ft
Highlights
- Bathtub
- Forced Air Cooling System
- Building Security System
- Intercom
- Community Playground
- 3-minute walk to Filene Park
About This Home
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!
Listing Agent
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
- 852 Sq Ft Home
- Garden Home
- Brick Exterior Construction
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
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
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $225,000 | 0.0% | $264 / Sq Ft |
| 06/18/2025 06/18/25 | Off Market | $225,000 | -- | -- |
| 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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $137,000 | Nations Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $123,300 | New Conventional | |
| Previous Owner | $65,700 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $17,800 | Construction |
Source: Public Records
Similar Homes in Madison, WI
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2002387
APN: 0709-124-1503-5
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