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123 W Washington Avenue #311, Madison, WI, 53703

1beds
1baths
1,314sqft
$564,900
$430price/sqft
$4,112/moest. monthly cost
$164,480/yrincome needed

About This Home

CAPITOL SQUARE TULIPS, FARMER?S MARKET, SUNROOM + PATIO @ THE LORAINE. 311 is the only Loraine condo with a 3-season glassed-in sunroom and a large patio. 5 sliding double glass doors are surrounded by the mature landscaping of the building?s Crystal Courtyard. Live elegantly and peacefully in Downtown Madison next to the Capitol shielded from street noise. Bring your gardening gloves, books, and art. Ample room for container gardening, tons of wall space for art display, and built-ins for books and dedicated WFH space. The GAS fireplace (most are electric) centers the huge living room. Condo has great flow and layout for hosting pre/post Badger game parties and friend/family celebrations. Recent HVAC (2024), paint, window coverings, & washer/dryer. WIFI enabled whole condo water shutoff for peace of mind while away. EV charging in heated underground parking space. COA fee includes internet, cable, parking and storage. Live Luxuriously at The Loraine! *Sunroom not included in sq.ft.

Getting Around

98
WalkingWalker's Paradise
59
TransitGood Transit
93
BikeBiker's Paradise

Schools

--
8/10
Hamilton Middle SchoolGrades 6-83.7 mi
9/10
West High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 2004

Materials

  • Construction materials: Brick,Stone

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range/Oven,Refrigerator,Dishwasher,Microwave,Disposal,Washer,Dryer

Basement

  • Basement: None / Slab

Bathroom

  • Features: At least 1 Tub,Master Bedroom Bath: Full,Master Bedroom Bath,Master Bedroom Bath: Tub/Shower Combo

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Storage Locker Included,Pantry
  • Flooring: Wood or Sim.Wood Floors
  • Finished area below ground: 0
  • Finished area above ground: 1,314
  • Common walls with other units/homes: End Unit

Heating & Cooling

  • Heating features: Natural Gas,Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,314
  • Total interior livable area: 1,314 sqft

Kitchen

  • Level: Main
  • Area: 105

Living Room

  • Level: Main
  • Area: 322

Master Bedroom

  • Level: Main
  • Area: 176

Property

Details

  • Parcel number: 070923150208
  • Attached to another structure: Yes
  • Zoning: DC HIS-L
  • Other equipment: Intercom
  • Exclusions: Seller's Personal Property

Features

  • Patio & porch: Patio
  • Living area range: 1251-1500

Parking

  • Parking features: Underground,Heated Garage,Garage Door Opener,1 Space,Assigned
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Tornado
Heat Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,856$34,272
Home Insurance *$176$2,112
Property Taxes $909$10,908
Electricity $171$2,054
Total$4,112$49,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,982/yr
40% on housing$123,360/yr
45% on housing$109,653/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$430This listing

vs Other Active Listings

Avg $/sqft

ZIP 53703$359
Dane County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 53703$368
Dane County$246

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Price change$598,000
2026-04-13Listed for sale$605,000
2026-03-10Contingent$605,000
2026-02-18Listed for sale$605,000
2014-07-25Sold$322,000
2010-02-17Sold$311,400

For Sale by Agent

AgentChris Atkinson
BrokerageRestaino & Associates

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