514 Madison Ln, Elgin, IL 60123
Property image
Property image
SOLD
NOV 18, 2025

514 Madison Ln
Elgin, IL 60123

Valley Creek
  • 2 Beds
  • 2.5 Baths
  • 1,771 sqft

$310,000

Last Sold: Nov 18, 2025
6% below list $330K
$175/sqft
Est. Refi. Payment $2,225/mo*
Refinance Your Home

$310,000

Last Sold: Nov 18, 2025
6% below list $330K
$175/sqft
Est. Refi. Payment $2,225/mo*
Refinance Your Home
2 Beds
2.5 Baths
1,771 sqft

Local Information

  • Map ViewExplore the area around 514 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Townhouse
Year Built
2005
Living Area
1,771 sqft
Price/Sqft
$175/sqft
Parking
2 Car Garage
HOA
$260/Monthly

About this House

Welcome to this spacious and well-maintained 2-bedroom, 2.5-bath townhome, perfect for comfortable living and effortless entertaining. Step inside to find an inviting main level featuring a modern kitchen with ample cabinet space, and an eating area. Open dining room with abundance of natural light flowing into family room with gas fireplace. A convenient half-bath completes the main floor. Upstairs, you'll find a loft plus two generously sized bedrooms, each with its own en-suite full bathroom-ideal for privacy and relaxation. The primary suite boasts a large closet and plenty of natural light. Downstairs, the full basement offers endless potential. Partially finished, it includes a versatile flex space that can be used as a family room, home office, gym, or hobby area. The unfinished portion provides ample storage or the opportunity to expand your living space. Additional highlights include in-unit laundry, dedicated parking, and a private outdoor area perfect for relaxing or grilling. Located in a quiet community with easy access to shopping, dining, and commuter routes, this townhome is a must-see!
514 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 3 bathroom, 1,771 sqft townhouse in Valley Creek, built in 2005. It last sold for $310,000 on Nov 18, 2025 (6% below the $330,000 asking price). It is currently off market. The Trulia Estimate is $323,600, with a rent estimate of $2,500/month.

Home Details for 514 Madison Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Partially Finished,FullNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Eating Area, Family Room, Foyer, Kitchen, Laundry, Living Room, Loft
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1771 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, DryerDishwasherDryerLaundry: In Unit,SinkMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Gas Starter, Family RoomHas a Fireplace
Gas & Electric
Electric: Circuit Breakers
Levels, Entrance, & Accessibility
Number of Stories: 2Accessibility: No Disability Access
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Asphalt,Garage Door Opener,Yes,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Single Family Residence
Building
Construction Materials: Vinyl Siding, BrickNot a New Construction
Property Information
Parcel Number: 0609376030Model Home Type: BIRCH

Price & Status

Price
List Price: $330,000Price Per Sqft: $175/sqft
Status Change & Dates
Off Market Date: Fri Oct 17 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: ElginCommunity: Madison Homes
School Information
Elementary School: Creekside Elementary SchoolElementary School District: 46Jr High / Middle School: Kimball Middle SchoolJr High / Middle School District: 46High School: Larkin High SchoolHigh School District: 46

Building

Building Details
Builder Model: BIRCH
Building Area
Building Area: 1000 Square Feet

HOA

HOA Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow RemovalHas an HOAHOA Fee: $260/Monthly

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 12387736Back On Market Date: Thu Oct 09 2025

Additional Information

Source Internet Entire Listing DisplayMRD Listing On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: 15 minutes ago
Listed by Melissa Roll, (815) 219-8184
HomeSmart Connect, LLC.
Bought with: Isabella Webb, (312) 931-7230, Compass
Source: MRED as distributed by MLS GRID, MLS#12387736

Price History for 514 Madison Ln

DatePriceEventSource
11/18/2025$310,000Sold
MRED as distributed by MLS GRID #12387736
10/10/2025$330,000PendingToActiveMRED as distributed by MLS GRID #12387736
06/21/2025$330,000ContingentMRED as distributed by MLS GRID #12387736
06/18/2025$330,000Listed For SaleMRED as distributed by MLS GRID #12387736
10/21/2005$256,000Sold
N/A

Market trends in Elgin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$323K
$10.67KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$209
$3MoM
Available listings
263
29MoM
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Property Tax and Assessment

Year2024
Tax$6,195
Assessment$280,221
Home facts updated by county records

Comparable Sales for 514 Madison Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
516 Madison Ln, Elgin, IL
0.00
Townhouse
$340,000
08/22/25
2
2.5
1,783
550 Madison Ln, Elgin, IL
0.09
Townhouse
$333,700
03/20/26
2
2.5
1,783
1975 Sandy Creek Dr, Elgin, IL
0.30
Townhouse
$315,000
06/26/26
2
2
1,327
503 Shagbark Dr #503, Elgin, IL
0.47
Townhouse
$300,000
09/26/25
2
2.5
2,058
2181 Colorado Ave, Elgin, IL
0.42
Townhouse
$312,500
10/30/25
3
3.5
1,830
510 Shagbark Dr #510, Elgin, IL
0.53
Townhouse
$365,000
10/10/25
3
3
1,538
2133 Colorado Ave, Elgin, IL
0.43
Townhouse
$218,000
12/18/25
3
2
1,200
514 Shagbark Dr, Elgin, IL
0.54
Townhouse
$343,345
11/19/25
2
3.5
2,708

Nearby homes

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Assigned Schools

These are the assigned schools for 514 Madison Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Valley Creek
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Valley Creek

At least 27 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 89 % Say parking is easy

  • 83 % Say it's quiet

  • 83 % Say streets are well-lit

  • 82 % Say yards are well-kept

  • 79 % Say car is needed

  • 79 % Say kids play outside

  • 68 % Say people would walk alone at night

  • 67 % Say there's holiday spirit

  • 57 % Say neighbors are friendly

  • 51 % Say there's wildlife

  • 44 % Say they plan to stay for at least 5 years

  • 31 % Say there are community events

  • 29 % Say it's walkable to grocery stores

  • 21 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Ma D.
    "Everything is peaceful. i like the commons, parks and activities. also you can go to the centre of Elgin and have fun or exercise!"
    2
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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 514 Madison Ln

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Off Market Homes Near 514 Madison Ln

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information