See Home Value
$390,000
● House - Off Market

519 Madison Lane

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,092 Ft²
$2,994
Est. Monthly
$265
HOA / Fees
4.45%
Cap Rate

About This Property

RANCH SINGLE FAMILY HOME WITH ENGLISH BASEMENT located in prestigious Madison Homes, an easy living, self-managed community. Meticulously maintained home with new roof, new hot water heater, new Stainless Steel dishwasher and new driveway. The spacious open floor plan includes 9 ft ceilings. The home offers a huge family room with a gas fireplace and butler's pantry adjacent to a formal separate dining room. The kitchen is an entertainer's dream featuring 42" upper cabinets, ample countertop space & large breakfast room. The kitchen patio sliding glass door opens to a large recently refinished deck overlooking the expansive, professionally landscaped greenspace, perfect for privacy. The primary bedroom offers a huge en-suite bathroom with jetted tub below a palladium window & double vanity, walk-in seated shower & walk-in closet. The 2nd full bathroom includes a high-tech (27K) Safe Step jacuzzi bathtub that features a shower attachment, audio, LED lights, jets, and aromatherapy. 1st floor laundry room with utility sink & double door coat closet has convenient direct access to the deep 2-car attached garage. The bright and sunny English basement with large above ground windows and 9ft ceilings boasts an additional 2,092 sqft (bringing the home's total sqft to 4,184) offering options for storage or future finishing. New efector sump pump (2K) 2024. Assessments include snow removal, lawn care, exterior maintenance and common insurance, assuring a carefree lifestyle!
Unit Size
2,092 Ft²
Days on Market
-
Land Size
-
Price per sqft
$196
Property Type
House
Property Taxes
$716
HOA Dues
$265
Year Built
2006

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,083
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 4,166
  • Gross Building Area: 4,166
  • Building Area: 2,083
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,083
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADISON HOMES OF ELGIN SUB
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: MADISON HOMES OF ELGIN SUB LOT 15

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-09-453-066
  • Lot: 15
  • Municipality: ELGIN
  • Latitude: 42.0438
  • Longitude: -88.3309

    Address

  • Full Address: 519 Madison Ln
  • Address - House Number: 519
  • Address - Street Name: Madison
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C077
  • 4-Digit Zip Code: 2537
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $827,738
  • Tax Rate Code Area: EL016

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 384,969
  • High Value: 445,098
  • Low Value: 324,840

    Market Valuation

  • Market Total Value: $319,505
  • Market Land Value: $78,776
  • Market Improvement Value: $240,729

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,459
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $80,211

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2017
  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K042445
  • Previous Sale Recording Date: Nov 28, 2007
  • Previous Sale Contract Date: Nov 26, 2007
  • Previous Sale Amount: $282,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Elgin


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique


Frequently Asked Questions

When was property at 519 Madison Lane built and last sold?
The property at 519 Madison Lane was built in 2006 and last sold on Aug 4, 2017 for $245,500.
How much is this home worth?
The estimated value of the home located at 519 Madison Lane is $0.
What are some comparable homes to 519 Madison Lane?
There are currently no comparable homes to 519 Madison Lane.