$175,000
SOLD MAR 27, 2012

5387 Mariners Cove Dr Unit 313 Madison, WI 53704

2 Beds
2 Baths
1,813 Sq Ft
$485/mo HOA Fee

Recently Sold

$97 Per Sq Ft

5% Below List Price

65 Days on Market

Highlights

  • Lake Front
  • Community Boat Slip
  • Open Floorplan
  • Arboretum Elementary School Rated A
  • Fitness Center
  • Clubhouse

About This Home

As of August 2022

Vacation or Stacation, here's one of the most affordable ways to live the Lake Life! Wide open floor plan perfect for entertaining including buffet sized breakfast bar. Vaulted great rm w/gas fireplace, huge master w/jetted tub, separate shower & dbl vanities, both lead to cozy 4 season sun rm. Private entry & laundry. Tons of amenities: Boat slip, indoor & outdoor pools & hot tubs, Party Deck/Clubhouse, fitness center & sauna. Includes 2 - 1 car garages & 1 yr UHP warranty. MRP $185k-195k Anchors Away!

Last Agent to Sell the Property

Randy Tews

Restaino & Associates License #56883-90 Listed on: 10/31/2011

Restaino & Associates

Last Buyer's Agent

Jan Ciotti

Restaino & Associates License #66324-94

Restaino & Associates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1991

Lot Details

  • Lake Front
  • End Unit
  • Private Entrance

HOA Fees

  • $485 Monthly HOA Fees

Home Design

  • Garden Home
  • Wood Siding

Interior Spaces

  • 1,813 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Gas Fireplace
  • Sun or Florida Room
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Prairie Elementary School
  • Waunakee Middle School
  • Waunakee High School

Utilities

  • Forced Air Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0809-224-7277-9

Community Details

Overview

  • Association fees include parking, 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
  • Greenbelt

Amenities

  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Community Boat Slip
  • Tennis Courts
  • Fitness Center
  • Community Whirlpool Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,344

Year Built

Built in 1991

Lot Details

0

HOA Fees

$485 per month

Listing Details

  • Municipality: Westport
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden, End Unit
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath
  • Items Included: All window coverings
  • Fee Includes: Parking, Trash removal, Snow removal, Common area maintenance, Common area insurance, Recreation facility, Reserve fund
  • Project Name: Mariners Cove
  • Year Built: 1991
  • Above Grade Price Per Sq Ft: 107.56
  • Above Grade Sold Price Per Sq Ft: 96.53
  • 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: 15x18, On Level: M
  • Bedroom 2: Dimensions: 11x14, On Level: M
  • Kitchen: Dimensions: 15x18, On Level: M
  • Kitchen Features: Breakfast bar, Pantry, Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 15x18, On Level: M
  • Dining Room: Dimensions: 8x13, On Level: M
  • Other Rooms: Sun Room
  • Other Room 1: Sun Room, Dimensions: 8x30
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 6x6
  • Basement: None
  • Fireplace: Gas
  • Interior Amenities: Vaulted ceiling, Jetted bathtub, Cable/Satellite Available, At Least 1 tub
  • Floor Number: 3
  • Primary Bedroom Bathrooms: Full, Walk-in Shower, Separate Tub

Exterior Features

  • Waterfront: Has actual water frontage, Lake
  • Waterfront: Yes
  • Lake/River: Mendota
  • 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, Common Green Space, Exercise room, Sauna, Whirlpool, Elevator, Boatslip/Pier
  • Condo Fee Month: 485
  • Condo Management: Professional offsite
  • Proposed Units In Assoc: 75
  • Units in Association: 75
  • Units In Building: 18

Schools

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

Lot Info

  • Zoning: Res

Tax Info

  • Land Assessment: 39000
  • Improvements: 135900
  • Total Assessment: 174900
  • Assessment year: 2011
  • Net Taxes: 2344
  • Tax Year: 2010
  • 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

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Range of Values:

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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 -- None Listed On Document
Deed -- None Listed On Document
Deed $335,000 None Listed On Document
Warranty Deed $175,000 Dane County Title Company
Warranty Deed -- None Available
Land Contract $200,000 None Available
Quit Claim Deed $86,500 None Available
Interfamily Deed Transfer $108,000 None Available
Commissioners Deed $216,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Credit Line Revolving
Previous Owner $131,250 New Conventional
Previous Owner $170,000 Seller Take Back
Previous Owner $172,000 Purchase Money Mortgage
Previous Owner $172,800 New Conventional
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: 1640231

South Central Wisconsin Multiple Listing Service

APN: 0809-224-7277-9