Valerie Ormseth
Keller Williams Success Realty
(630) 507-9917
65 Total Sales
1 in Far West Elgin
$454,000 Price
516 Madison Ln Elgin, IL 60123
Far West Elgin NeighborhoodEstimated Value: $354,000 - $374,000
2
Beds
2.5
Baths
1,783
Sq Ft
$203/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Cathedral Ceiling
- Breakfast Room
- Deck
- Loft
- Stainless Steel Appliances
About This Home
As of August 2025Move right into this beautifully maintained and updated townhome featuring 2 bedrooms, 2.5 bathrooms, and a spacious loft that can easily be converted into a third bedroom. The soaring ceilings and open-concept layout create a bright and airy atmosphere, seamlessly connecting the living room with cozy fireplace, dining area, eat-in space, and kitchen-perfect for both entertaining and everyday living. You'll love the luxury vinyl flooring, updated bathrooms, and the primary suite complete with a walk-in closet and private ensuite bath. The full unfinished basement offers endless possibilities to add additional living space or create your dream rec room. Enjoy the convenience of a 2-car garage and a location that's equidistant to Route 20 and I-90 for easy commuting. Just minutes to all the shopping, dining, and amenities along Randall Road-this one truly has it all and won't last long!
Last Agent to Sell the Property
Christy Alwin
Redfin Corporation License #471005185 Listed on: 07/03/2025
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Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,512
Year Built
- Built in 2005
HOA Fees
- $260 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
- Asphalt Roof
- Aluminum Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,783 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Blinds
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Breakfast Room
- Loft
- Laminate Flooring
Kitchen
- Range
- Microwave
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
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 26x88
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include insurance, exterior maintenance, lawn care, snow removal
- 5 Units
- Gordy Lewis Association, Phone Number (847) 209-7002
- Madison Homes Subdivision, Birch Floorplan
- Property managed by Madison Homes HOA
Amenities
- Common Area
Pet Policy
- Dogs and Cats Allowed
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
Listed on
Jul 3, 2025
Closed on
Aug 20, 2025
Sold by
White Michelle K Ware
Bought by
Seller's Agent
Christy Alwin
Redfin Corporation
Buyer's Agent
Toni Favia
TNT Realty, Inc.
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%
Views
180
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,436
Avg. Annual Appreciation
5.88%
Original Mortgage
$268,600
Outstanding Balance
$266,287
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$95,149
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Far West Elgin, IL
-
Valerie Ormseth
-
Juana Fuentes
Juana Fuentes
Exclusive Living, Inc
(224) 255-4532
76 Total Sales
2 in Far West Elgin
$170K - $300K Price Range
-
Bonnie Antosh
Bonnie Antosh
RE/MAX Suburban
(224) 877-7523
80 Total Sales
1 in Far West Elgin
$362,000 Price
-
Dave Johnson
Dave Johnson
City and Field Real Estate
(872) 228-2280
83 Total Sales
1 in Far West Elgin
$600,000 Price
-
Elizabeth Goodchild
Elizabeth Goodchild
Realty of America
(224) 479-1826
467 Total Sales
1 in Far West Elgin
$260,000 Price
-
Caroline Starr
Caroline Starr
@properties Christie's International Real Estate
(224) 801-3051
359 Total Sales
1 in Far West Elgin
$616,000 Price
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
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Sold | $340,000 | 0.0% | $191 / Sq Ft |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | Price Changed | $339,900 | -2.9% | $191 / Sq Ft |
| 07/03/2025 07/03/25 | For Sale | $349,900 | -- | $196 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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
Agents Affiliated with this Home
-
Christy Alwin
CA
Seller's Agent in 2025
Christy Alwin
Redfin Corporation
-
Toni Favia
Buyer's Agent in 2025
Toni Favia
TNT Realty, Inc.
(630) 244-6455
1 in this area
59 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12407605
APN: 06-09-376-035
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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