Discover The Loraine Condominiums, a 1924 landmark blending history with modern living in downtown Madison. This elegant 3rd-floor unit features Downtown views, 1 bed/2 baths, and a versatile bonus room perfect as a home office or second bedroom. A second full bathroom has been beautifully updated, adding both style and convenience to your -or guests- daily routine. Enjoy rich maple cabinetry, solid surface counters, and stainless appliances in the kitchen. The primary suite offers ample closet space with an en-suite bath. Amenities include heated underground parking, additional storage, direct courtyard access, and a nearby community room. Located moments from downtown Madison's finest dining, shopping, and entertainment.
Sold for $520,000
$520,000
123 W Washington Ave Unit 306, Madison, WI 53703
1beds
1,293sqft
Condominium
Built in 2004
-- sqft lot
$536,200 Zestimate®
$402/sqft
$3,016 Estimated rent
Home value
$536,200
$504,000 - $574,000
$3,016/mo
Zestimate® history
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$3,448/mo
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Zillow last checked:
Listing updated:
Listed by:
Lane Manning,
Realty Executives Cooper Spransy
Bought with:
Alex Saloutos, 73069-94
Berkshire Hathaway HomeServices True Realty
Source: SCWMLS,MLS#: 1997521
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Primary bedroom
- Level: Main
- Area: 168
- Dimensions: 12 x 14
Dining room
- Area: 80
- Dimensions: 8 x 10
Family room
- Area: 168
- Dimensions: 12 x 14
Kitchen
- Features: Breakfast Bar, Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Living room
- Level: Main
- Area: 357
- Dimensions: 17 x 21
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Washer, Dryer
- Laundry: Main Level
Features
- Walk-In Closet(s), At Least 1 tub, Den/Office
- Flooring: Wood or sim. wood floors
- Basement: None
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 1,293
- Total interior livable area: 1,293 sqft
- Finished area above ground: 1,293
Property
Parking
- Parking features: Attached, Underground, Heated Garage, 1 space assigned, Garage Door Opener
- Has attached garage: Yes
Features
- Patio & porch: Deck/Balcony, Patio
Details
- Parcel number: 070923150159
- Zoning: DC, HIS-L
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Brick, Stone
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Close to busline, Common Green Space, Elevator
- Security: Security System
HOA
- Has HOA: Yes
- Amenities included: Parking
- Services included: Cable/Satellite, Common area insurance, Common area maintenance, Hot Water, Reserve fund, Snow Removal, Trash, Water/Sewer
- HOA fee: $608 monthly
Location
- Region: Madison
Financial & listing details
- Price per square foot: $402/sqft
- Tax assessed value: $497,300
- Annual tax amount: $8,451
- Date on market: 5/28/2025
- Listing terms: Arms Length
- Inclusions: Range/oven, refrigerator, dishwasher, microwave, disposal, washer, dryer, all window coverings.
- Exclusions: Seller's Personal Property & Staged Items
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $520,000-1%$402/sqft |
Source: Public Record Report a problem | ||
| 6/4/2025 | Contingent | $525,000$406/sqft |
Source:  WIREX MLS #1997521 Report a problem | ||
| 5/28/2025 | Listed for sale | $525,000+59.1%$406/sqft |
Source: WIREX MLS #1997521 Report a problem | ||
| 11/5/2007 | Sold | $330,000+1.6%$255/sqft |
Source: Public Record Report a problem | ||
| 8/5/2005 | Sold | $324,900$251/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,735 +6.9% | $497,300 +10% |
| 2023 | $9,109 | $452,100 +14% |
| 2022 | -- | $396,600 +2% |
| 2021 | -- | $388,800 |
| 2020 | -- | $388,800 |
| 2019 | $8,152 | $388,800 +4% |
| 2018 | $8,152 +10.7% | $373,800 +15% |
| 2017 | $7,365 +1% | $325,000 |
| 2016 | $7,294 +0% | $325,000 +4.9% |
| 2014 | $7,294 +3.5% | $309,700 +4% |
| 2013 | $7,046 +0.3% | $297,800 |
| 2012 | $7,025 -0.3% | $297,800 -5% |
| 2011 | $7,046 -1.7% | $313,500 -5% |
| 2010 | $7,170 +8.1% | $330,000 |
| 2009 | $6,633 +5.3% | $330,000 |
| 2008 | $6,298 +4.1% | $330,000 +5.4% |
| 2007 | $6,047 +4% | $313,000 +4% |
| 2006 | $5,814 -0.8% | $301,000 +5% |
| 2005 | $5,861 +518.4% | $286,700 +573% |
| 2004 | $948 | $42,600 |
Find assessor info on the county website
Neighborhood: Capitol
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Nearby schools
GreatSchools rating
- NAFranklin Elementary SchoolGrades: PK-2Distance: 1.2 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 3.8 mi
- 9/10West High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Franklin/Randall
- Middle: Hamilton
- High: West
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$536,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$536,200
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 123 W Washington Ave Unit 306
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