Active

Price cut: $5K (10/30)

$138,900

4 Sherman TERRACE #6, Madison, WI 53704

2beds

852sqft

$1,586/mo

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Condominium

Built in 1949

-- sqft lot

$140,000 Zestimate^®

$163/sqft

$360/mo HOA

What's special

INVESTOR & FLIPPER OPPORTUNITY! Bring your vision and renovation expertise to this 2-bedroom, 1-bath Sherman Terrace condo in a desirable Madison location! Conveniently situated near Lake Mendota, Tenney Park, downtown Madison, shopping, dining, and major commuter routes. This vacant unit offers an opportunity for investors, contractors, or experienced renovators looking to restore and add value. Considerable mold remediation, repairs, and updating are needed throughout. Property is being sold strictly AS IS, with seller making no repairs. Cash buyers and renovation investors encouraged. Excellent opportunity to transform this diamond in the rough into an attractive residence in an established neighborhood. Bring your contractor and explore the potential!

14 days
911
13

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Area: 120
Dimensions: 12 x 10

Bedroom 2

Area: 110
Dimensions: 11 x 10

Bathroom

Features: Tub Only, Master Bedroom Bath

Kitchen

Area: 99
Dimensions: 11 x 9

Living room

Area: 192
Dimensions: 12 x 16

Heating

Natural Gas, Forced Air

Features

Basement: None / Slab

Interior area

Total structure area: 852
Total interior livable area: 852 sqft

Property

Parking

Parking features: Attached, Surface
Has attached garage: Yes

Features

Levels: Midrise: 3-5 Stories,1 Story
Stories: 3

Details

Parcel number: 070912416067
Zoning: RES

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Brick, Brick/Stone

Condition

21+ Years
New construction: No
Year built: 1949

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: Yes
Amenities included: Common Green Space
HOA fee: $360 monthly

Location

Region: Madison
Municipality: Madison

Financial & listing details

Price per square foot: $163/sqft
Tax assessed value: $181,772
Annual tax amount: $3,213
Date on market: 10/17/2026

Estimated market value

$140,000

$133,000 - $147,000

$1,485/mo

Price history

Date	Event	Price
10/30/2026	Price change	$138,900-3.5%$163/sqft
Source: WIREX MLS #1985273 Report a problem
10/17/2026	Listed for sale	$143,900+108.9%$169/sqft
Source: WIREX MLS #1985273 Report a problem
6/3/2003	Sold	$68,900$81/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,213 +1.9%	$177,100 +10%
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	$1,904	$100,300 +14%
2018	$1,904 +20%	$88,000 +23.2%
2017	$1,587 +21%	$71,400 +14.1%
2016	$1,311 +2%	$62,600 +11.2%
2014	$1,286 -13.7%	$56,300
2013	$1,491 +3.6%	$56,300 -10.1%
2012	$1,439 -3.5%	$62,600 -7.9%
2011	$1,491 -12.5%	$68,000 -15%
2010	$1,704 +8.3%	$80,000
2009	$1,573 +3.6%	$80,000
2008	$1,519 -3.3%	$80,000
2007	$1,572 -12.3%	$80,000 -12.1%
2006	$1,793 +13.8%	$91,000 +20.1%
2005	$1,575 +2.8%	$75,800 +10%
2004	$1,533 +17.2%	$68,900
2003	$1,307 +13.7%	$68,900 +40.6%
2002	$1,150 +5.1%	$49,000 +10.1%
2001	$1,094 +2%	$44,500 +5%
2000	$1,073	$42,400