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

$440,100

Trulia Estimate
  • 3 Beds
  • 2,083 sqft

531 Madison Ln, Elgin, IL 60123

Valley Creek
Refinance Your Home
Currently Off Market - Sold May 1, 2018 for $319,000

Home Value

Trulia Estimate
$440K
Since last month
Increased$2K (+0.4%)
Since last year
Increased$30K (+7.2%)
Since last sale
Increased$121K (+38%)
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 +110% in the last 10 years
MonthEstimated value
2026
August 2026$440K
August 2026$438K
July 2026$438K
June 2026$432K
May 2026$434K
April 2026$437K
March 2026$415K
February 2026$415K
January 2026$396K
2025
2024
2023
2021
2020
2019
2018
2017

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
515 Madison Ln, Elgin, IL
0.05
Single-Family Home
$420,000
12/05/25
3
2
2,083
281 Governors Ln, Elgin, IL
0.33
Single-Family Home
$350,000
04/30/26
3
3
1,858
506 Shenandoah Trl, Elgin, IL
0.12
Single-Family Home
$400,000
06/22/26
4
2.5
2,807
512 Shenandoah Trl, Elgin, IL
0.11
Single-Family Home
$377,500
06/12/26
3
2
1,360
1978 N Fork Cir, Elgin, IL
0.25
Single-Family Home
$392,000
08/12/26
3
2.5
2,380
2130 Valley Creek Dr, Elgin, IL
0.25
Single-Family Home
$400,000
09/01/26
4
2.5
1,896
520 N Lyle Ave, Elgin, IL
0.30
Single-Family Home
$350,000
12/18/25
4
2.5
1,727
527 N Lyle Ave, Elgin, IL
0.32
Single-Family Home
$412,000
04/24/26
3
2.5
1,750
601 N Lyle Ave, Elgin, IL
0.36
Single-Family Home
$253,000
03/20/26
3
3
1,550
500 N Lyle Ave, Elgin, IL
0.34
Single-Family Home
$369,900
12/08/25
3
1.5
1,558

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
532 Shenandoah Trl, Elgin, IL 60123
0.03
-
3
2.5
1,764
Off Market
2110 W Highland Ave, Elgin, IL 60123
0.07
$498,700
3
2.5
2,459
Off Market
519 Madison Ln, Elgin, IL 60123
0.04
$431,400
3
2
2,092
Off Market
515 Madison Ln, Elgin, IL 60123
0.05
$420,000
3
2
2,083
Recently Sold
514 Shenandoah Trl, Elgin, IL 60123
0.10
$436,300
3
2.5
2,000
Off Market
516 Madison Ln, Elgin, IL 60123
0.06
$358,700
2
2.5
1,783
Off Market
514 Madison Ln, Elgin, IL 60123
0.06
$310,000
2
2.5
1,771
Recently Sold
512 Shenandoah Trl, Elgin, IL 60123
0.11
$377,500
3
2
1,360
Recently Sold
512 Madison Ln, Elgin, IL 60123
0.07
$331,200
2
2.5
-
Off Market
568 Madison Ln, Elgin, IL 60123
0.07
$452,800
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.08
$388,800
3
2
1,695
Off Market
550 Madison Ln, Elgin, IL 60123
0.08
$333,700
2
2.5
1,783
Recently Sold

Local Information

  • Map ViewExplore the area around 531 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
2,083 sqft
$211/sqft

About this House

NEW EXECUTIVE STYLE CUSTOM RANCH - LARGE FOYER GREETS YOU WITH CERAMIC FLOORING-THAT LEADS TO A HUGE GREAT ROOM -CUSTOM BUILT FIREPLACE MANTLE WITH MARBLE SURROUND - A HUGE GOURMET DREAM KITCHEN-WHITE CUSTOM SELF CLOSE CABS AND DRAWERS-GRANITE COUNTER TOPS-NEW STAINLESS STEEL APPLIANCES-FRENCH DOOR FRIG-DOUBLE OVENS RANGE-SEPARATE FORMAL DINING FOR LARGE PARTIES-MASTER BEDROOM FEATURES A DOUBLE ROOM MASTER BATH-SEPARATED BY POCKET DOOR FOR PRIVACY-CERAMIC FLOORS-SOAKING TUB AND HUGE WALK-IN SHOWER-BUTLER PANTRY-WITH GLASS FRONT CABS AND GRANITE COUNTER-FULL LOOK-OUT BASEMENT-CAN LITES THRU-OUT-LOTS OF STORAGE WITH 10 CLOSETS-OVERHEAD LITES IN ALL BEDROOMS AND CLOSETS-QUALITY BUILT HOME-WHEN ONLY THE BEST WILL DO- ENJOY THE ENORMOUS LOOK-OUT BASEMENT-A AWESOME RANCH WITH ALL THE BELLS AND WHISTLES
531 Madison Ln, Elgin, IL 60123 is a 3 bedroom, 2,083 sqft single-family home in Valley Creek. It last sold for $319,000 on May 1, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $440,100, with a rent estimate of $2,544/month.

Home Details for 531 Madison Ln

Interior Features

Levels, Entrance, & Accessibility
Stories: 1

Property Information

Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 4791 sqft

Price and Tax history

DateEventPrice
May 1, 2018
Source: MRED as distributed by MLS GRID #09834176
Sold
$319,000
Jun 29, 2017
Source: MRED as distributed by MLS GRID #09610370
Sold
$309,000

Market trends in Elgin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$337K
$15KMoM
Sale-to-List Price
100.1%
0.1%MoM
Price per sq ft
$207
$2MoM
Available listings
251
12MoM

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

Frequently asked questions about 531 Madison Ln

  • What is 531 Madison Ln estimated to be worth?
    Trulia's estimated value for 531 Madison Ln in Elgin, IL is $440,100.
  • What is the price history for 531 Madison Ln?
    531 Madison Ln in Elgin, IL last sold for $319,000 in May 2018.
  • 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 $337K. That is up $15K from the prior month.
  • How big is the lot at 531 Madison Ln?
    The lot at 531 Madison Ln in Elgin, IL is about 0.11 acres (4,791 sq ft).

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Apartments for Rent

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Off Market Homes Near 531 Madison Ln

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