Closed

$420,000

515 Madison Ln, Elgin, IL 60123

3beds

2,083sqft

Single Family Residence

Built in 2005

4,791.6 Square Feet Lot

$420,300 Zestimate^®

$202/sqft

$2,545 Estimated rent

Home value

$420,300

$382,000 - $462,000

$2,545/mo

Zestimate^® history

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$3,197/mo

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$3,197/mo

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What's special

Exceptional Value in this gorgeous brick and vinyl ranch home in the maintenance free community of Madison Homes! Gorgeous, open floorplan with 9 foot ceilings. Gourmet kitchen with 42" cabinets, under cabinet lighting and crown moulding, quartz countertops, peninsula with breakfast bar, black stainless steel LG appliances (2022), glass subway tiled backsplash and touch faucet. Huge eating area with sliding glass doors lead to your beautiful yard complimented with a deck, retractable awning, mature trees and professional landscaping. Butler's pantry with quartz countertop is adjacent to the formal dining room. Master Bedroom Suite includes a walk-in closet with closet storage shelving system and double sink vanity. A pocket door separates the awesome, huge bath with whirlpool tub, palladium window, separate shower and linen closet. The split 3 bedroom floor plan offers privacy. 2nd full bathroom with a linen closet. 1st floor laundry room with Kenmore washer & dryer (2016), utility sink, closet, cabinetry and countertop. Recessed lighting in the living room, kitchen, butler pantry, hall and master bath. Ceramic tile in the kitchen, bathrooms, foyer & laundry room. English basement with 9 foot ceilings. New Carrier A/C and Furnace (2025), radon mitigation system, 2 sump pumps. Newer roof (2022). Freshly cleaned carpeting. Enjoy a carefree lifestyle and we look forward to welcoming you to your new home!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Flooring (Carpet), Window Treatments (Blinds), Bathroom (Full)
Level: Main
Area: 195 Square Feet
Dimensions: 15X13

Bedroom 2

Features: Window Treatments (Blinds)
Level: Main
Area: 156 Square Feet
Dimensions: 13X12

Bedroom 3

Features: Flooring (Carpet), Window Treatments (Blinds)
Level: Main
Area: 156 Square Feet
Dimensions: 13X12

Deck

Level: Main
Area: 120 Square Feet
Dimensions: 12X10

Dining room

Features: Window Treatments (Blinds)
Level: Main
Area: 156 Square Feet
Dimensions: 13X12

Eating area

Features: Flooring (Ceramic Tile), Window Treatments (Window Treatments)
Level: Main
Area: 120 Square Feet
Dimensions: 12X10

Foyer

Features: Flooring (Ceramic Tile)
Level: Main
Area: 56 Square Feet
Dimensions: 8X7

Kitchen

Features: Kitchen (Eating Area-Breakfast Bar, Eating Area-Table Space, Pantry-Butler, Custom Cabinetry, Updated Kitchen), Flooring (Ceramic Tile)
Level: Main
Area: 156 Square Feet
Dimensions: 13X12

Laundry

Features: Flooring (Ceramic Tile)
Level: Main
Area: 40 Square Feet
Dimensions: 8X5

Living room

Features: Flooring (Carpet), Window Treatments (Curtains/Drapes)
Level: Main
Area: 285 Square Feet
Dimensions: 19X15

Walk in closet

Features: Flooring (Carpet)
Level: Main
Area: 32 Square Feet
Dimensions: 8X4

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Oven, Humidifier, Gas Water Heater
Laundry: Main Level, Electric Dryer Hookup, Laundry Closet, Sink

Features

1st Floor Bedroom, 1st Floor Full Bath, Walk-In Closet(s), High Ceilings, Open Floorplan, Separate Dining Room, Quartz Counters
Flooring: Laminate
Doors: Storm Door(s), Pocket Door(s), Sliding Glass Door(s)
Windows: Screens, Blinds, Double Pane Windows, Drapes, Window Treatments
Basement: Unfinished,Egress Window,9 ft + pour,Full,Daylight
Attic: Dormer
Number of fireplaces: 1
Fireplace features: Gas Log, Gas Starter, Living Room

Interior area

Total structure area: 4,166
Total interior livable area: 2,083 sqft

Property

Parking

Total spaces: 2
Parking features: Asphalt, Garage Door Opener, Garage, Garage Owned, Attached
Attached garage spaces: 2
Has uncovered spaces: Yes

Accessibility

Accessibility features: Low Pile Carpeting, No Interior Steps, Disability Access

Features

Stories: 1
Patio & porch: Deck

Lot

Size: 4,791 sqft
Dimensions: 69X71X81X60
Features: Landscaped, Mature Trees

Details

Additional structures: None
Parcel number: 0609453067
Special conditions: None
Other equipment: TV-Cable, Ceiling Fan(s), Sump Pump, Radon Mitigation System

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Vinyl Siding, Brick
Foundation: Concrete Perimeter
Roof: Asphalt

Condition

New construction: No
Year built: 2005

Details

Builder model: Maddy

Utilities & green energy

Electric: Circuit Breakers, 200+ Amp Service
Sewer: Public Sewer
Water: Public

Community & neighborhood

Security

Security features: Carbon Monoxide Detector(s)

Community

Community features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights

Location

Region: Elgin
Subdivision: Madison Homes

HOA & financial

HOA

Has HOA: Yes
HOA fee: $255 monthly
Services included: Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Other

Other facts

Listing terms: Cash
Ownership: Fee Simple w/ HO Assn.

Price history

Date	Event	Price
12/5/2025	Sold	$420,000-1.2%$202/sqft
Source: MRED as distributed by MLS GRID #12485697
11/5/2025	Contingent	$425,000$204/sqft
Source: MRED as distributed by MLS GRID #12485697
10/9/2025	Listed for sale	$425,000+32.8%$204/sqft
Source: MRED as distributed by MLS GRID #12485697
5/3/2006	Sold	$320,000$154/sqft
Source: Public Record

Public tax history

Year	Property taxes	Tax assessment
2024	$8,981 +5.5%	$128,222 +10.7%
2023	$8,511 +3.7%	$115,839 +9.7%
2022	$8,205 +4.8%	$105,625 +7%

Find assessor info on the county website

Neighborhood: Valley Creek

Nearby homes

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Nearby schools

GreatSchools rating

3/10
Creekside Elementary School
Grades: PK-6Distance: 0.5 mi
2/10
Kimball Middle School
Grades: 7-8Distance: 1 mi
2/10
Larkin High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Creekside Elementary School
Middle: Kimball Middle School
High: Larkin High School
District: 46

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$420,300

2% more+ $8,406

With Zillow Showcase(estimated)

$428,706