514 Madison Ln, Elgin, IL 60123
Property image
Property image
OFF MARKET

$324,600

Trulia Estimate
  • 2 Beds
  • 2.5 Baths
  • 1,771 sqft

514 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $2,399/mo*
Refinance Your Home
Currently Off Market - Sold Nov 18, 2025 for $310,000

Home Value

Trulia Estimate
$325K
Since last month
Increased$700 (+0.2%)
Since last year
Decreased$6K (-1.8%)
Since last sale
Increased$15K (+4.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +72% in the last 10 years
MonthEstimated value
2026
September 2026$325K
August 2026$324K
July 2026$318K
June 2026$324K
May 2026$322K
April 2026$316K
March 2026$315K
February 2026$312K
January 2026$313K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
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
2161 Colorado Ave, Elgin, IL
0.40
Townhouse
$264,900
08/31/26
2
1.5
1,220
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 home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
512 Madison Ln, Elgin, IL 60123
0.01
$328,200
2
2.5
-
Off Market
516 Madison Ln, Elgin, IL 60123
0.00
$359,800
2
2.5
1,783
Off Market
515 Madison Ln, Elgin, IL 60123
0.03
$420,000
3
2
2,083
Recently Sold
519 Madison Ln, Elgin, IL 60123
0.04
$428,100
3
2
2,092
Off Market
550 Madison Ln, Elgin, IL 60123
0.09
$333,700
2
2.5
1,783
Recently Sold
550 Madison Ln #550, Elgin, IL 60123
0.09
$375,100
2
2.5
2,000
Off Market
568 Madison Ln, Elgin, IL 60123
0.09
$453,300
3
3
1,600
Off Market
560 Madison Ln, Elgin, IL 60123
0.10
$460,400
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.11
$450,000
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.11
$413,600
3
3
1,600
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.09
-
3
2.5
1,764
Off Market

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

Townhouse
Built in 2005
1,771 sqft
$183/sqft
2 Car Garage
HOA $260/mo

About this House

What's unique:Gas fireplaceGenerously sized bedroomsPrimary suiteVersatile flex spaceIn-unit laundryOpen dining room
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). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $324,600, with a rent estimate of $2,480/month.
Last check for updates: about 8 hours 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

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: $330,000
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

Price and Tax history

DateEventPrice
Nov 18, 2025
Source: MRED as distributed by MLS GRID #12387736
Sold
$310,000
Oct 10, 2025
Source: MRED as distributed by MLS GRID #12387736
PendingToActive
$330,000
Jun 21, 2025
Source: MRED as distributed by MLS GRID #12387736
Contingent
$330,000
Jun 18, 2025
Source: MRED as distributed by MLS GRID #12387736
Listed For Sale
$330,000
Oct 21, 2005
Source: N/A
Sold
$256,000

Market trends in Elgin

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$331K
$4.67KMoM
Sale-to-List Price
100.2%
Price per sq ft
$203
$4MoM
Available listings
264
13MoM

Around this home

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
    Flag

LGBTQ Local Legal Protections

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

Frequently asked questions about 514 Madison Ln

  • What is 514 Madison Ln estimated to be worth?
    Trulia's estimated value for 514 Madison Ln in Elgin, IL is $324,600.
  • What is the price history for 514 Madison Ln?
    514 Madison Ln in Elgin, IL last sold for $310,000 in November 2025.
  • Is Elgin a buyer's or seller's market?
    Elgin is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Elgin?
    The median sale price in Elgin is $331K. That is down $4.67K from the prior month.
  • Does 514 Madison Ln have air conditioning?
    Yes, 514 Madison Ln in Elgin, IL has air conditioning.
  • Does 514 Madison Ln have laundry facilities?
    Yes, 514 Madison Ln in Elgin, IL has in-unit laundry.

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