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$425,000

Listing Price

3beds

2baths

2,083sqft

4,792sqft lot

515 Madison Ln, Elgin, IL 60123

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

211.42

Price / sqft

2005

Year built

Home Details

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!

Interior Details

Square Feet
  • 2083

Bedrooms
  • 3

Bathrooms
  • 2

Heating
  • Has Heating:

    No

  • Heating Type:

    N/A

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Basement (unspecified)

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 4792

Water
  • Yes

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$7,359

$22,316

$67,486

--%

$89,802

2018

$7,276

$21,023

$63,576

--%

$84,599

2017

$7,094

$19,874

$60,102

--%

$79,976

2016

$6,739

$18,438

$55,758

--%

$74,196

2015

$6,610

$16,900

$51,107

--%

$68,007

2012

$5,959

$17,131

$42,410

--%

$59,541

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Average Home Price in 60123

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Zip Code

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Bed

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Sqft

Lot

Sold Date

$391,328

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3 Beds

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$344,095

2 Beds

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Sold 04/22/2026

$410,721

3 Beds

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Sold 10/13/2026

$400,000

4 Beds

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1,896 Sqft

8,030 Lot (sqft)

Sold 10/13/2026

$400,000

3 Beds

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2,162 Sqft

11,397 Lot (sqft)

Sold 10/13/2026

$399,900

3 Beds

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1,928 Sqft

12,247 Lot (sqft)

Sold 10/13/2026

$239,900

4 Beds

2.5 Baths

2,080 Sqft

6,970 Lot (sqft)

Sold 08/01/2017

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
425,000
$
Down payment
85,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,550
$
HOA (Monthly)
0
$
PMI
0
$
$2,751
Your Payment
Total Monthly Payment:$2,751
Percent of Income:47%
Affordable:No

Details for 515 MADISON LN

Property Debt

Foreclosure Contact Details