M
Seller's Agent in 2025
Melissa Roll
HomeSmart Connect, LLC.
(847) 495-5000
1 in this area
7 Total Sales
514 Madison Ln Elgin, IL 60123
Far West Elgin Neighborhood
2
Beds
2.5
Baths
1,771
Sq Ft
$260/mo
HOA Fee
Highlights
- Deck
- Loft
- Soaking Tub
- Wood Flooring
- 2 Car Attached Garage
- Breakfast Bar
About This Home
As of November 2025Welcome 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!
Last Agent to Sell the Property
HomeSmart Connect, LLC. License #475199630 Listed on: 06/18/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,195
Year Built
- Built in 2005
HOA Fees
- $260 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Parking Available
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,771 Sq Ft Home
- 2-Story Property
- Fireplace With Gas Starter
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Family or Dining Combination
- Loft
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Dual Sinks
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Schools
- Creekside Elementary School
- Kimball Middle School
- Larkin High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Deck
- Lot Dimensions are 28x77x30x77
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include insurance, exterior maintenance, lawn care, snow removal
- 5 Units
- Jan Association, Phone Number (630) 336-8313
- Madison Homes Subdivision, Birch Floorplan
- Property managed by Madison Homes Of
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2025
Closed on
Nov 5, 2025
Sold by
Bolivar Jesus A and Bolivar Felipa A
Bought by
Schultz Josephine A and Schultz Randy
Seller's Agent
Melissa Roll
HomeSmart Connect, LLC.
Buyer's Agent
Isabella Pascente
Compass
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.07%
Original Mortgage
$200,000
Outstanding Balance
$199,796
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$130,651
Purchase Details
Closed on
Oct 18, 2005
Sold by
Miller Charles P
Bought by
Bolivar Jesus A and Bolivar Felipa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | Carrington Title Partners | |
| Deed | $256,000 | Chicago Title Insurance Comp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Previous Owner | $204,000 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | Sold | $310,000 | -6.1% | $175 / Sq Ft |
| 10/10/2025 10/10/25 | For Sale | $330,000 | 0.0% | $186 / Sq Ft |
| 06/20/2025 06/20/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | For Sale | $330,000 | -- | $186 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,195 | $93,407 | $26,007 | $67,400 |
| 2023 | $6,512 | $84,386 | $23,495 | $60,891 |
| 2022 | $6,152 | $76,945 | $21,423 | $55,522 |
| 2021 | $5,883 | $71,938 | $20,029 | $51,909 |
| 2020 | $5,716 | $68,676 | $19,121 | $49,555 |
| 2019 | $5,549 | $65,418 | $18,214 | $47,204 |
| 2018 | $5,935 | $66,034 | $17,159 | $48,875 |
| 2017 | $5,804 | $62,425 | $16,221 | $46,204 |
| 2016 | $5,537 | $57,914 | $15,049 | $42,865 |
| 2015 | -- | $53,084 | $13,794 | $39,290 |
| 2014 | -- | $45,979 | $13,624 | $32,355 |
| 2013 | -- | $47,191 | $13,983 | $33,208 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Roll
-
Isabella Pascente
I
Buyer's Agent in 2025
Isabella Pascente
Compass
(312) 772-4194
2 in this area
24 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12387736
APN: 06-09-376-030
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