NOT LISTED FOR SALE

516 Madison Ln Unit 512 Elgin, IL 60123

Far West Elgin Neighborhood

Estimated Value: $350,891

2 Beds
3 Baths
1,771 Sq Ft
$198/Sq Ft Est. Value

About This Home

This home is located at 516 Madison Ln Unit 512, Elgin, IL 60123 and is currently priced at $350,891, approximately $198 per square foot. 516 Madison Ln Unit 512 is a home located in Kane County.

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
Bought by
Current Estimated Value
$350,891

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
$266,287
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$84,604

Purchase Details

Closed on
Sep 8, 2022
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2017
Sold by
Bought by

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
Bought by

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- --
$217,500 Attorneys Title Guaranty Fun
$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 $14,550
Previous Owner $32,377
Previous Owner $213,560
Previous Owner $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
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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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