NOT LISTED FOR SALE

37 Sherman Terrace Unit 5 Madison, WI 53704

Sherman Terrace Neighborhood

Estimated Value: $186,000 - $281,000

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

Last Sold June 24, 2016

Last sale price $109,000 $128 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,480/month

5 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • Bathtub
  • Deck
  • End Unit
  • 3-minute walk to Filene Park

About This Home

As of June 2016

Sit in your kitchen or on your balcony w/ views of Lake Mendota or walk across the street to Tenny Park & watch the sunset along the shorel! This is the cream of the crop: one of only a handful of Sherman Terr condos w/ a balcony & one of only a few w/ views of the lake! Plus, this unit has been completed remodeled...totally open floor plan, beautiful maple cabinets that go to all the way to the ceiling for great storage, in-unit washer/dryer, breakfast bar, great dining area, new gas range ('15), new light fixtures, wood floors, newer windows, & great natural light thru-out. Welcome Home! Easy walk, bike or bus commute to Downtown, State Street, UW Campus, UW Hospitals & Clinics & more.

Last Agent to Sell the Property

Beth Brockish

The Kruse Company, REALTORS License #49589-90 Listed on: 04/17/2016

Last Buyer's Agent

Jennifer Stauter

Stark Company, REALTORS License #54359-90

Stark Company, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,317

Year Built

  • Built in 1949

Lot Details

  • Lake Front
  • End Unit

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Garden Home
  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

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

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Deck
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-124-4905-0

Community Details

Overview

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

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,317

Year Built

Built in 1949

Lot Details

9.21 Acres

HOA Fees

$140 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden, End Unit
  • Items Included: Window/Wall AC,Some Window Coverings
  • Fee Includes: Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund
  • Project Name: Sherman Terrace
  • Year Built: 1949
  • Above Grade Sold Price Per Sq Ft: 127.93
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 852
  • Finished Above Grade Sq Ft: 852
  • Bedrooms: 2
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 10x12, On Level: M
  • Bedroom 2: Dimensions: 8x9, On Level: M
  • Kitchen: Dimensions: 9x9, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher
  • Living Room: Dimensions: 12x16, On Level: M
  • Dining Room: Dimensions: 9x10, On Level: M
  • Dining Area: Dimensions: 9x10, On Level: M
  • In Unit Laundry Lvl: M
  • Interior Amenities: Wood or sim. wood floors, Washer, Dryer, Cable/Satellite Available, Storage Unit Inc, At Least 1 tub
  • Floor Number: 3
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Waterfront: Waterview-No frontage, Lake
  • Lake/River: Mendota
  • Exterior: Brick
  • Exterior Features: Deck/Balcony

Utilities

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

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Close to busline
  • Condo Fee Month: 140
  • Condo Management: Professional onsite
  • Units in Association: 217
  • Units In Building: 6

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Zoning: R5
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 2317
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-124-4905-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2016
Closed on
Jun 24, 2016
Sold by
Mawer Mark and Mawer Greg
Bought by
Mullen Kevin G
Seller's Agent
Beth Brockish
The Kruse Company, REALTORS
Buyer's Agent
Jennifer Stauter
Stark Company, REALTORS
List Price
$99,900
Sold Price
$109,000
Premium/Discount to List
$9,100
9.11%
Current Estimated Value
$218,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,020
Avg. Annual Appreciation
7.40%
Original Mortgage
$87,200
Outstanding Balance
$69,402
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$148,618

Purchase Details

Listed on
Apr 14, 2012
Closed on
Jul 9, 2012
Sold by
Coleman Laura C
Bought by
Mawer Mark and Mawer Greg
Seller's Agent
Stuart Meland
Madcityhomes.Com
Buyer's Agent
Beth Brockish
The Kruse Company, REALTORS
List Price
$109,900
Sold Price
$97,000
Premium/Discount to List
-$12,900
-11.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.99%
Original Mortgage
$68,172
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 2008
Sold by
Leonhardt Steven A and Leonhardt Julie A
Bought by
Coleman Laura C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Mullen Kevin G $109,000 First American Title
Mawer Mark $97,000 None Available
Coleman Laura C $122,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullen Kevin G $87,200
Previous Owner Mawer Mark $68,172
Previous Owner Coleman Laura C $114,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2016 06/24/16 Sold $109,000 +9.1% $128 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/17/2016 04/17/16 For Sale $99,900 +3.0% $117 / Sq Ft
07/09/2012 07/09/12 Sold $97,000 -11.7% $114 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
04/14/2012 04/14/12 For Sale $109,900 -- $129 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2023 $2,825 $159,400 $11,700 $147,700
2022 $5,371 $139,800 $10,700 $129,100
2021 $2,776 $133,100 $9,400 $123,700
2020 $2,797 $128,000 $9,000 $119,000
2019 $2,725 $124,300 $9,000 $115,300
2018 $2,377 $109,000 $9,000 $100,000
2017 $2,464 $109,000 $8,300 $100,700
2016 $2,504 $107,800 $8,300 $99,500
2015 $2,316 $97,000 $8,300 $88,700
2014 $2,272 $97,000 $8,300 $88,700
2013 $2,322 $97,000 $8,300 $88,700
Source: Public Records

Agents Affiliated with this Home

  • Beth Brockish

    Seller's Agent in 2016

    Beth Brockish

    The Kruse Company, REALTORS

    (608) 231-5151

    130 Total Sales

    Beth Brockish
    Section Image
  • Jennifer Stauter

    Buyer's Agent in 2016

    Jennifer Stauter

    Stark Company, REALTORS

    (608) 839-7137

    1 Total Sale

    Jennifer Stauter
    Section Image
  • Stuart Meland

    Seller's Agent in 2012

    Stuart Meland

    Madcityhomes.Com

    (608) 438-3150

    2 in this area

    541 Total Sales

    Stuart Meland
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1773040

South Central Wisconsin Multiple Listing Service

APN: 0709-124-4905-0

Wisconsin Dane County Madison 53704 Sherman Terrace

37 Sherman Terrace Unit 5, Madison, WI

Not Listed for Sale

Condos

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