Skip main navigation
Off market
Street View
  • $196,500

    3 Sherman Ter Unit 4, Madison, WI 53704

    2beds
    850sqft
    Apartment
    Built in ----
    -- sqft lot
    $196,500 Zestimate®
    $231/sqft
    $1,361 Estimated rent

    Home value

    $196,500

    $183,000 - $210,000

    $1,361/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $1,361/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,361/mo

    Rent Zestimate®

    Refinance and save

    $1,336/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $1,336/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Open floor planFree off street parkingCeiling fansVery quiet efficient furnaceBosch dishwasherCentral acNew refrigerator

    Note: See building location map pic (Zillow puts it in the wrong place) or search "3 Sherman Ter" in google maps Quiet 2 bedroom 850 square foot condo at Sherman Terrace just east of Tenney Park which is on Lake Mendota. The condo is about 5 minutes by car to downtown, 12 minutes by bicycle, and about 7 minutes to the airport. Being on the edge of the complex it has nice green views from the dining and kitchen, bamboo flooring in the living room and hallway, open floor plan, nice breezy cross through air flow in the summer with the living room and dining room windows both open, a very quiet efficient furnace, central AC, ceiling fans, new refrigerator, Bosch dishwasher, coin-op laundry in adjacent building, bike parking in basement and outside on bike racks, ethernet wired in living room and two bedrooms. Storage area in the adjacent building also. Free off street parking. Water, garbage included. Utilities (gas and electric) not included. Cats only. Dogs not allowed per strict condo rules. This is my only rental property. I work a full time job and own a house on the north side, close to the condo, and I manage it myself. I lived there myself for a few years after I bought it in 2010, then I bought a house in 2015 and have rented the condo for what is strikingly relatively very affordable rent. Sherman Terrace is primarily an owner occupied community, and has a policy for many years to only allow ownership of one condo so that vulture landlords can no longer come in and swoop up properties, which was happening. I pay the condo fees, property tax, either pay for repairs and maintenance or do it myself and so on. Good rental history required, good credit and background check, income verification required. Security deposit is one month's rent. The first step is to set up a showing if you are interested, please see my availability calendar. If it is a good fit, I can then send you the Zillow application. Tenant pays gas & electric, free parking, laundry on site

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher
    • Laundry: Shared
    Features
    • Wired for Data
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 850 sqft

    Property

    Parking
    • Parking features: Off Street
    • Details: Contact manager
    Features
    • Exterior features: Electricity not included in rent, Garbage included in rent, Gas not included in rent, Water included in rent
    Details
    • Parcel number: 070912415043

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Utilities & green energy

    • Utilities for property: Garbage, Water

    Community & neighborhood

    Location
    • Region: Madison

    HOA & financial

    Other fees
    • Deposit fee: $1,450

    Other

    Other facts
    • Available date: 08/01/2026

    Price history

    DateEventPrice
    5/11/2026Listing removed$1,450$2/sqft
    Source: Zillow Rentals Report a problem
    5/11/2026Price change$1,450+11.5%$2/sqft
    Source: Zillow Rentals Report a problem
    5/7/2026Price change$1,300-7.1%$2/sqft
    Source: Zillow Rentals Report a problem
    5/1/2026Price change$1,400+7.7%$2/sqft
    Source: Zillow Rentals Report a problem
    4/26/2026Listed for rent$1,300+18.2%$2/sqft
    Source: Zillow Rentals Report a problem
    5/5/2023Listing removed--
    Source: Zillow Rentals Report a problem
    4/25/2023Listed for rent$1,100+18.9%$1/sqft
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    8/4/2019Listing removed$925$1/sqft
    Source: Owner Report a problem
    8/2/2019Price change$925-2.6%$1/sqft
    Source: Owner Report a problem
    7/22/2019Price change$950+2.7%$1/sqft
    Source: TurboTenant Report a problem
    7/13/2019Listed for rent$925$1/sqft
    Source: Owner Report a problem
    6/17/2010Sold$73,800+2.5%$87/sqft
    Source: Public Record Report a problem
    2/26/2010Price change$72,000-9.9%$85/sqft
    Source: First Weber Group #1575192 Report a problem
    11/6/2009Listed for sale$79,900-12.7%$94/sqft
    Source: First Weber Group #1575192 Report a problem
    8/8/2006Sold$91,500$108/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,152 +6.8%$161,000 +10%
    2023$2,950 $146,400 +14%
    2022-- $128,400 +14%
    2021-- $112,600 +4%
    2020-- $108,300 +8%
    2019$1,716 $100,300 +14%
    2018$1,716 -0.2%$88,000 +6%
    2017$1,719 +21.7%$83,000 +14%
    2016$1,412 +2.9%$72,800 +11.5%
    2014$1,373 -21.2%$65,300
    2013$1,742 +3.6%$65,300 -10.1%
    2012$1,681 -3.5%$72,600 -8%
    2011$1,742 -12.4%$78,900 -15%
    2010$1,988 +8.3%$92,800
    2009$1,837 +3.9%$92,800
    2008$1,768 -3%$92,800
    2007$1,823 +7.7%$92,800 +8%
    2006$1,692 +13.7%$85,900 +20%
    2005$1,488 +2.8%$71,600 +10%
    2004$1,448 +0.8%$65,100
    2003$1,437 +25%$65,100 +32.9%
    2002$1,150 +5.1%$49,000 +10.1%
    2001$1,094 +2%$44,500 +5%
    2000$1,073 $42,400

    Find assessor info on the county website

    Neighborhood: Sherman Terrace Condominum

    Nearby schools

    GreatSchools rating
    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
    $196,500
    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
    $196,500