NOT LISTED FOR SALE

516 Madison Ln Unit 512 Elgin, IL 60123

Far West Elgin Neighborhood

Estimated Value: $354,000 - $374,000

2 Beds
3 Baths
1,771 Sq Ft
$204/Sq Ft Est. Value

About This Home

This home is located at 516 Madison Ln Unit 512, Elgin, IL 60123 and is currently estimated at $361,436, approximately $204 per square foot. 516 Madison Ln Unit 512 is a home located in Kane County with nearby schools including Creekside Elementary School, Larkin High School, and Kimball Middle School.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2025
Sold by
White Michelle K Ware
Bought by
Current Estimated Value
$361,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,600
Outstanding Balance
$266,048
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$95,388

Purchase Details

Closed on
Sep 8, 2022
Sold by
Ware White Michelle K
Bought by
White Michelle K Ware

Purchase Details

Closed on
Jun 22, 2017
Sold by
Mcbreen Kelly M
Bought by
White Alfrado and Ware White Michelle K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,560
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2007
Sold by
Miller Charles P
Bought by
Mcbreen Kelly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,400
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Far West Elgin, IL

  • Elizabeth Thompson Real Estate Agent - Coldwell Banker Realty

    Elizabeth Thompson

    Responds Quickly

    Coldwell Banker Realty

    (844) 755-6681

    99 Total Sales

    1 in Far West Elgin

    $479,000 Price

    Elizabeth Thompson
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  • Suma Prasad Real Estate Agent - Property Economics Inc.

    Suma Prasad

    Property Economics Inc.

    (630) 454-1233

    105 Total Sales

    1 in Far West Elgin

    $235,000 Price

    Suma Prasad
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  • Vito LiRosi Real Estate Agent - Real 1 Realty

    Vito LiRosi

    Responds Quickly

    Real 1 Realty

    (708) 286-5811

    58 Total Sales

    1 in Far West Elgin

    $248,000 Price

    Vito LiRosi
     Section Image
  • Veronica Rosales Real Estate Agent - Keller Williams Infinity

    Veronica Rosales

    Keller Williams Infinity

    (630) 934-2056

    47 Total Sales

    2 in Far West Elgin

    $315K - $320K Price Range

    Veronica Rosales
     Section Image
  • Scott Suchy Real Estate Agent - Northern Illinois Realty LLC

    Scott Suchy

    Northern Illinois Realty LLC

    (779) 212-7522

    52 Total Sales

    1 in Far West Elgin

    $248,000 Price

    Scott Suchy
     Section Image
  • Syed Hashmi Real Estate Agent - Guidance Realty

    Syed Hashmi

    Guidance Realty

    (833) 908-3401

    115 Total Sales

    1 in Far West Elgin

    $750,000 Price

    Syed Hashmi
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$340,000 Chicago Title
White Michelle K Ware -- --
White Alfrado $217,500 Attorneys Title Guaranty Fun
Mcbreen Kelly M $227,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $268,600
Previous Owner Ware-White Michelle K $14,550
Previous Owner Warewhite Michelle K $32,377
Previous Owner White Alfrado $213,560
Previous Owner Mcbreen Kelly M $227,400
Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,974 $101,412 $28,236 $73,176
2024 $6,974 $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

Map

Illinois Kane County Elgin 60123 Far West Elgin

516 Madison Ln Unit 512, Elgin, IL

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