$235,000
SOLD APR 16, 2025

37 Sherman Terrace Unit 1 Madison, WI 53704

Sherman Terrace Neighborhood
2 Beds
1 Bath
852 Sq Ft
$275/mo HOA Fee

Recently Sold

$276 Per Sq Ft

8 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • End Unit
  • Open Floorplan
  • Main Floor Bedroom
  • 3-minute walk to Filene Park

About This Home

As of April 2025

Welcome to 37 Sherman Terrace, a charming first-floor condo filled with abundant natural light. This inviting home features an updated bathroom, newly installed central AC, & upgraded electrical. Custom blinds have been thoughtfully added to all windows, offering both privacy and style. Enjoy this fantastic location! Nestled just minutes from Tenney Park, Lake Mendota, & the Yahara River, outdoor enthusiasts will love the easy access to walking & biking trails, & scenic green spaces. You're also a quick ride from Downtown Madison, the Capitol Square, & the vibrant Atwood & East Washington corridors, where you’ll find top-rated restaurants, coffee shops, & entertainment venues. Perfect for any lifestyle—don’t miss this opportunity! Schedule your showing today!

Last Agent to Sell the Property

Grace Storms

@properties-elleven Christie's Brokerage Phone: 608-695-5088 License #97139-94 Listed on: 03/10/2025

@properties-elleven Christie's

Last Buyer's Agent

Alexandra Broz

EXP Realty, LLC License #86863-94

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,245

Year Built

  • Built in 1949

Lot Details

  • Lake Front
  • End Unit
  • Private Entrance

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Garden Home
  • Ranch Property
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 852 Sq Ft Home
  • Open Floorplan
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • Outside Parking
  • Assigned Parking

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0709-124-4901-8

Community Details

Overview

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

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,245

Year Built

Built in 1949

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Ranch-1 Story, Garden, End Unit
  • Items Excluded: Seller's Personal Items
  • Items Included: Oven/Range, Refrigerator, Dishwasher, Microwave, and 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: 275.82
  • Above Grade Sold Price Per Sq Ft: 275.82
  • Reso Accessibility Features: Open floor plan, First floor bedroom, First floor full bath
  • 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: 11x10, On Level: M
  • Kitchen: Dimensions: 11x9, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 12x16, On Level: M
  • Dining Room: Dimensions: 11x8, On Level: M
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Cable/Satellite Available, Storage Unit Inc, Internet -Fiber Available
  • Floor Number: 1
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Waterfront: Waterview-No frontage, Lake
  • Exterior: Brick
  • Exterior Features: Private Entry

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Shared Laundry Facilities, Close to busline
  • Condo Fee Month: 275
  • Condo Management: Professional onsite
  • Proposed Units In Assoc: 217
  • Units in Association: 217
  • Units In Building: 217

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: 175100
  • Total Assessment: 188000
  • Assessment year: 2024
  • Net Taxes: 3245
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-124-4901-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
Apr 16, 2025
Sold by
37 Sherman Terrace Llc
Bought by
Skinner Stephen
Seller's Agent
Grace Storms
@properties-elleven Christie's
Buyer's Agent
Alexandra Broz
EXP Realty, LLC
List Price
$235,000
Sold Price
$235,000
Views
23
Current Estimated Value
$232,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,671
Avg. Annual Appreciation
-5.79%
Original Mortgage
$60,000
Outstanding Balance
$60,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$168,910

Purchase Details

Listed on
Feb 26, 2024
Closed on
Apr 12, 2024
Sold by
Warrenblvd Llc
Bought by
37 Sherman Terrace Llc
Seller's Agent
Amy McLendon
Real Broker LLC
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$209,000
Sold Price
$210,000
Premium/Discount to List
$1,000
0.48%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.78%

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 2, 2022
Sold by
Wilson Daniel J
Bought by
Warrenblvd Llc
Seller's Agent
Leslie Haverland
Restaino & Associates
Buyer's Agent
Amy McLendon
Real Broker LLC
List Price
$159,900
Sold Price
$170,888
Premium/Discount to List
$10,988
6.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%

Purchase Details

Listed on
Apr 15, 2013
Closed on
May 23, 2013
Sold by
Downing Connie
Bought by
Wilson Daniel J
Seller's Agent
Kathy DePrey
Stark Company, REALTORS
Buyer's Agent
Leslie Haverland
Restaino & Associates
List Price
$56,500
Sold Price
$58,500
Premium/Discount to List
$2,000
3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$55,550
Interest Rate
3.39%
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 $235,000 None Listed On Document
Deed $210,000 None Listed On Document
Deed $170,900 None Listed On Document
Administrators Deed $58,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 New Conventional
Previous Owner $13,000 Credit Line Revolving
Previous Owner $55,550 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $235,000 0.0% $276 / Sq Ft
03/14/2025 03/14/25 For Sale $235,000 0.0% $276 / Sq Ft
03/11/2025 03/11/25 Off Market $235,000 -- --
03/10/2025 03/10/25 For Sale $235,000 +11.9% $276 / Sq Ft
04/12/2024 04/12/24 Sold $210,000 +0.5% $246 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $209,000 -0.5% $245 / Sq Ft
02/29/2024 02/29/24 Off Market $210,000 -- --
02/26/2024 02/26/24 For Sale $209,000 +22.3% $245 / Sq Ft
06/02/2022 06/02/22 Sold $170,888 +6.9% $201 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $159,900 +173.3% $188 / Sq Ft
05/23/2013 05/23/13 Sold $58,500 +3.5% $69 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $56,500 -- $66 / 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 $6,489 $188,000 $12,900 $175,100
2023 $3,036 $170,900 $11,700 $159,200
2021 $2,335 $112,600 $9,400 $103,200
2020 $2,354 $108,300 $9,000 $99,300
2019 $2,184 $100,300 $9,000 $91,300
2018 $1,904 $88,000 $9,000 $79,000
2017 $1,652 $74,200 $8,300 $65,900
2016 $1,481 $65,100 $8,300 $56,800
2015 $1,367 $58,500 $8,300 $50,200
2014 $1,340 $58,500 $8,300 $50,200
2013 $1,336 $61,000 $8,300 $52,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1994975

South Central Wisconsin Multiple Listing Service

APN: 0709-124-4901-8