NOT LISTED FOR SALE

5387 Mariners Cove Dr Unit 313 Madison, WI 53704

Estimated Value: $360,000 - $426,000

2 Beds
2 Baths
1,813 Sq Ft
$580/mo HOA Fee

Last Sold August 12, 2022

Last sale price $335,000 $185 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,019/month

4 Days on Market

Highlights

  • Community Boat Slip
  • Fitness Center
  • River Front
  • Arboretum Elementary School Rated A
  • Indoor Pool
  • Clubhouse

About This Home

As of August 2022

Showings begin 7/23. Beautiful luxury condominium home in Madison’s desirable waterfront Mariner’s Cove community. The fantastic open layout provides a great flow for entertaining and socializing. Relax at the end of the day in your private bedroom with a full ensuite bath and spa-like, luxurious jetted tub with separate walk-in shower. You’ll love the sunroom, providing an extra space to relax and enjoy views of the outdoors. Rare, 2-car garage; indoor and outdoor pools; hot tub; well-equipped fitness room; tennis court; boat slip; clubhouse, perfect for parties and family gatherings; new appliances and fixtures. Unparalleled location and amenities! Call (608) 620-4177 for showings. More photos & info at danchinhomes.com

Last Agent to Sell the Property

Dan Chin Homes Team

Real Broker LLC Listed on: 07/11/2022

Real Broker LLC

Last Buyer's Agent

Barb Stephani

Restaino & Associates License #30157-94

Restaino & Associates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,230

Year Built

  • Built in 1992

Lot Details

  • River Front
  • End Unit
  • Private Entrance

HOA Fees

  • $580 Monthly HOA Fees

Home Design

  • Garden Home
  • Wood Siding

Interior Spaces

  • 1,813 Sq Ft Home
  • Vaulted Ceiling
  • Gas Fireplace
  • Sun or Florida Room
  • Water Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Pool

  • Indoor Pool

Schools

  • Arboretum Elementary School
  • Waunakee Middle School
  • Waunakee High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0809-224-7277-9

Community Details

Overview

  • Association fees include parking, water/sewer, trash removal, snow removal, common area maintenance, common area insurance, recreation facility, reserve fund
  • 18 Units
  • Located in the Mariners Cove master-planned community
  • Property Manager

Amenities

  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Community Boat Slip
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Whirlpool Spa
  • Hiking Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,230

Year Built

Built in 1992

Lot Details

0

HOA Fees

$580 per month

Listing Details

  • Municipality: Westport
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden, End Unit
  • Items Excluded: Seller's Personal Property
  • Items Included: Range/Oven, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Fee Includes: Parking, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Recreation facility, Reserve fund
  • Project Name: Mariners Cove
  • Year Built: 1992
  • Above Grade Price Per Sq Ft: 193.05
  • Above Grade Sold Price Per Sq Ft: 184.78
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 1813
  • Finished Above Grade Sq Ft: 1813
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 18x15, On Level: M
  • Bedroom 2: Dimensions: 14x11, On Level: M
  • Kitchen: Dimensions: 18x15, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher, Disposal
  • Living Room: Dimensions: 18x15, On Level: M
  • Dining Area: Dimensions: 13x8, On Level: M
  • Other Rooms: Sun Room
  • Other Room 1: Sun Room, Dimensions: 30x8, On Level: M
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 6x6
  • Basement: None
  • Fireplace: Gas, 1 fireplace
  • Interior Amenities: Vaulted ceiling, Washer, Dryer, Jetted bathtub, Cable/Satellite Available, At Least 1 tub, Internet - Cable, Internet - DSL
  • Floor Number: 3
  • Primary Bedroom Bathrooms: Full, Walk-in Shower, Separate Tub

Exterior Features

  • Waterfront: Waterview-No frontage, River
  • Exterior: Wood, Fiber cement
  • Exterior Features: Private Entry

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: 2 car Garage, Detached, Opener inc

Condo/Co-op/Association

  • Common Amenities: Clubhouse, Tennis court, Exercise room, Sauna, Whirlpool, Elevator, Boatslip/Pier, Indoor Pool, Outdoor Pool, Walking trail(s)
  • Condo Fee Month: 580
  • Condo Management: Professional offsite
  • Proposed Units In Assoc: 75
  • Units in Association: 75
  • Units In Building: 18

Schools

  • School District: Waunakee
  • Elementary School: Arboretum
  • Middle School: Waunakee
  • High School: Waunakee
  • Elementary School: Arboretum
  • High School: Waunakee
  • Middle School: Waunakee
  • School District: Waunakee

Lot Info

  • Zoning: RES
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 35000
  • Improvements: 163200
  • Total Assessment: 198200
  • Assessment year: 2022
  • Net Taxes: 3230
  • Tax Year: 2021
  • Assessor Parcel Number: 0809-224-7277-9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Duncan Varda John and Taborsky Mary
Bought by
Catherine Sara Campbell Trust and Varda
Current Estimated Value
$387,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$226,153
Interest Rate
7.57%
Mortgage Type
Credit Line Revolving
Estimated Equity
$159,850

Purchase Details

Listed on
Jul 11, 2022
Closed on
Aug 10, 2022
Sold by
Jennifer Draeger
Bought by
Mariners Patience Llc
Seller's Agent
Dan Chin Homes Team
Real Broker LLC
Buyer's Agent
Barb Stephani
Restaino & Associates
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%

Purchase Details

Listed on
Oct 31, 2011
Closed on
Mar 27, 2012
Sold by
Davenport Kevin L and Davenport Suzan R
Bought by
Kemmer Douglas R and Kemmer Nancy L
Seller's Agent
Randy Tews
Restaino & Associates
Buyer's Agent
Jan Ciotti
Restaino & Associates
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$131,250
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2011
Closed on
Feb 28, 2012
Sold by
Devers Cynthia E
Bought by
Davenport Kevin L and Davenport Suzan R
Seller's Agent
Randy Tews
Restaino & Associates
Buyer's Agent
Jan Ciotti
Restaino & Associates
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2010
Sold by
Devers Cynthia E
Bought by
Davenport Kevin L and Davenport Suzan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 27, 2007
Sold by
Boyd Lisa Marie
Bought by
Devers Cynthia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2006
Sold by
Devers Cynthia E
Bought by
Devers Cynthia E and Boyd Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
6.72%
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 Buyer Sale Price Title Company
Catherine Sara Campbell Trust -- None Listed On Document
Varda John Duncan -- None Listed On Document
Mariners Patience Llc $335,000 None Listed On Document
Kemmer Douglas R $175,000 Dane County Title Company
Davenport Kevin L -- None Available
Davenport Kevin L $200,000 None Available
Devers Cynthia E $86,500 None Available
Devers Cynthia E $108,000 None Available
Devers Cynthia E $216,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catherine Sara Campbell Trust $300,000
Previous Owner Kemmer Douglas R $131,250
Previous Owner Davenport Kevin L $170,000
Previous Owner Devers Cynthia E $172,000
Previous Owner Devers Cynthia E $172,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $335,000 -4.3% $185 / Sq Ft
07/20/2022 07/20/22 For Sale $350,000 0.0% $193 / Sq Ft
07/20/2022 07/20/22 Price Changed $350,000 +4.5% $193 / Sq Ft
07/11/2022 07/11/22 Off Market $335,000 -- --
01/07/2022 01/07/22 Sold $310,000 -4.6% $171 / Sq Ft
10/29/2021 10/29/21 For Sale $325,000 +4.8% $179 / Sq Ft
10/18/2021 10/18/21 Off Market $310,000 -- --
03/27/2012 03/27/12 Sold $175,000 -5.4% $97 / Sq Ft
01/04/2012 01/04/12 Pending -- -- --
10/31/2011 10/31/11 For Sale $185,000 -- $102 / 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 $3,547 $198,200 $35,000 $163,200
2023 $3,643 $198,200 $35,000 $163,200
2021 $3,231 $198,200 $35,000 $163,200
2020 $3,018 $198,200 $35,000 $163,200
2019 $2,994 $198,200 $35,000 $163,200
2018 $2,484 $150,400 $30,000 $120,400
2017 $2,473 $150,400 $30,000 $120,400
2016 $2,584 $150,400 $30,000 $120,400
2015 $2,290 $150,400 $30,000 $120,400
2014 $2,200 $150,400 $30,000 $120,400
2013 $2,714 $150,400 $30,000 $120,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1939045

South Central Wisconsin Multiple Listing Service

APN: 0809-224-7277-9