Blog :: 08-2011

9 Sherman Terrace Unit 4 - Madison, WI Condo For Sale

Beautifully decorated and updated 2 bedroom in near East side neighborhood close to Tenney Park, bus line, and local shopping and restaurants. On the second floor with great views features an open floor plan, two good size bedrooms and an updated bathroom. New flooring, freshly painted, newer appliances, countertops, stackable washer and dryer make this an incredibly affordable move in ready condo surrounded by mature trees and offers 2 parking spots! Open flow from kitchen to dining room and living room. Updated bathroom, ceiling fans, fixtures and very well cared for. Condo fee is $125 a month.

  • 2 BR, 1 Bath, 852 sq. ft.
  • 2nd-floor garden style condo
  • 2 parking spaces
  • For current price and more photos, click here

 

Updates and Features

  • New tile flooring in kitchen in 2011
  • New kitchen counter tops in 2011
  • New vinyl flooring in bathroom in 2011
  • New laminate flooring in bedrooms in 2011
  • Freshly painted in 2011
  • New washer & dryer in 2011
  • New dishwasher in 2011
  • New furnace in 2010
  • New windows in 2006
  • Refrigerator and stove replaced in 2006

Tenney-Lapham Neighborhood Information

  • 3 blocks from Tenney Park and Beach, a great city park offering year-round activities.
  • Walk to neighborhood shops and restaurants
  • Walk to Lapham Elementary School
  • 5 blocks away from the Capital City Bike Trail
  • Eastside Farmers Market

Madison School Information for 9 Sherman Terrace

This home is marketed by Sara Alvarado, Broker - The Alvarado Real Estate Group. For a showing of this home or to discuss selling your home, please contact Sara at 608.438.5005, or sara@thealvaradogroup.com.   

JUST SOLD! 17 Geronimo Circle, Madison WI

17 Geronimo Circle, Madison WI

 

This Indian Springs listing at 17 Geronimo Circle was listed for $179,900 and sold for $175,000 by Sara Alvarado on July 28th, 2011. New buyers are excited to live on a great cul-de-sac in a conveniently located neighborhood just south of the beltline off of Rimrock Road in Madison WI. This is their first home and they are expecting their first child in the fall - exciting times! Of all the homes they looked at this home was a great opportunity with its classic colonial style, 3 bedrooms, 1.5 baths and a large deck and mature backyard. The kitchen was updated and featured new countertops, stainless steel appliances and a large sliding glass door from the dining area to the back deck. Main floor laundry room was a plus and of course it also features a highly desired finished lower level complete with bar area and new carpet! The house was in great showing condition compared to other homes and the buyers were drawn to the style of the home and how move in ready it was.  

Welcome to the neighborhood Kathleen and Carlos!

Are you looking to buy a home in the Madison WI area? Check out our great search tools on our website.

Wisconsin VA Home Loans

  Moving with your Military Family 

Military families are well aware of how tiring it can be to move often. With military installations scattered across the country, these families get to see a number of great cities; however, finding a place to call home delivers a good feeling and living in the Midwest provides a central location, so military families are never too far from friends and family. Madison, WI serves as a great place for service members and veterans to call home and can be a very affordable option, especially when they use a VA loan to finance their home.

The VA loan program, created in 1944, is unmatched in the benefits it provides to service members and veterans. Unlike any conventional loan, VA loans in Wisconsin allow qualified homebuyers to finance 100 percent of a home purchase without paying anything down. Any conventional home financing option comes with a down payment, some as high as 20 percent, which cuts into the purchaser's savings. VA loans also offer a high loan limit in Wisconsin, which means homebuyers can fully finance their home up to $417,000 without putting a penny down.

Conventional loans' monthly payments can be costly, in large part because of private mortgage insurance (PMI). This monthly charge does not exist in the VA Home Loan program, thereby reducing military homebuyers' payments each month. In addition to lowering the payment, VA loans offer negotiable interest rates. VA-certified lenders are happy to reduce interest rates on Wisconsin VA loans because the VA backs up to 25 percent of each loan. Other benefits to Wisconsin VA loans include:

  • No prepayment penalty
  • Lower closing and concession costs
  • Capped interest rates for active duty members
  • VA Streamline, a way to refinance and lower interest rates
  • More lenient qualifying standards than conventional loans

Eligibility depends on discharge and service history. Veterans with a dishonorable discharge are ineligible for a Wisconsin VA loan. Honorable or injury-related discharges are permissible. Military homebuyers who may qualify for a VA loan fit one of the descriptions below:

  • While on active duty, military members who served for 90 days during wartime or 181 days during peacetime.
  • Reservists and National Guard members who served for at least half a dozen years.
  • Active duty personnel who meet the service requirements above.
  • Spouses of service members who died in the line of duty or because of a service-connected injury.

Completing a Certificate of Eligibility (COE) is the first step in obtaining a Wisconsin VA loan. COEs are available through the VA or from a VA-certified lender. The latter is available to answer any questions about VA loans in Wisconsin.

Guest post by Matt Polsky with the www.vamortgagecenter.com and the www.vabenefitblog.com.

There are many lenders in the area that can help with your VA loan. Please check with your preferred lender to see if they can help or email Matt Polsky for more information at mpolsky@vamortgagecenter.com.