NOT LISTED FOR SALE

538 Madison Ln Elgin, IL 60123

Far West Elgin Neighborhood

Estimated Value: $337,000 - $369,000

2 Beds
2.5 Baths
1,783 Sq Ft
$197/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $299,900 $168 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,623/month

3 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near park
  • Whirlpool Bathtub
  • Deck
  • Vaulted Ceiling
  • Loft

About This Home

As of March 2023

Absolutely move in ready! Shows like a model! Private covered entry! Spacious foyer with tile flooring! Upgraded eat-in kitchen with extended oak cabinetry with crown molding, stainless steel appliances, Corian countertops, pantry closet, extra recessed lighting and separate eating area with sliding glass door to the very private custom deck backing to tree line and open field! Separate formal dining room with upgraded chandelier! Cozy family room with cathedral ceilings, gas log fireplace with tile surround and accent lighting! Convenient 1st floor laundry! Split staircase with upgraded oak railings! 2nd floor loft could easily be 3rd bedroom or office! Large master bedroom with cathedral ceilings, huge walk-in closet and luxury bath with oversized dual sink vanity, whirlpool tub and tile flooring! Gracious size secondary bedroom! Large English basement awaits your finishing touches! Awesome location with quick access to I-90, train and shopping! Neutral and no work needed here!

Last Agent to Sell the Property

Bob Wisdom

RE/MAX Horizon License #475122882 Listed on: 02/16/2023

RE/MAX Horizon

Last Buyer's Agent

Rocio Blas

Coldwell Banker Realty License #475204309

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,942

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 28x77x30x77
  • Landscaped Professionally

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,783 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Attached Fireplace Door
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Unfinished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 100 Amp Service

Additional Features

  • Deck
  • Property is near park

Listing and Financial Details

  • 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 Elgin

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,942

Year Built

Built in 2005

Lot Details

0.47 Acres

HOA Fees

$245 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Madison Homes
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Attached Fireplace Doors/Screen, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors, First Floor Laundry, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 1783
  • Other Equipment: Humidifier, Ceiling Fan(s), Sump Pump
  • Room Type: Loft, Eating Area, Foyer
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 951
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped, Park Adjacent
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 245
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Madison Homes of Elgin
  • Management Contact Name: Jan
  • Management Phone: 630-336-8313
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Lot Info

  • Lot Dimensions: 28X77X30X77
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5941.68
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 22, 2023
Sold by
Heins Michael A
Bought by
Blas Johnny and Blas Rocio
Seller's Agent
Bob Wisdom
RE/MAX Horizon
Buyer's Agent
Rocio Blas
Coldwell Banker Realty
List Price
$289,900
Sold Price
$299,900
Premium/Discount to List
$10,000
3.45%
Views
25
Current Estimated Value
$350,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,032
Avg. Annual Appreciation
5.57%
Original Mortgage
$294,467
Outstanding Balance
$284,537
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$66,395

Purchase Details

Listed on
May 9, 2020
Closed on
Jun 29, 2020
Sold by
Gast Michael P and Gast Ellyn Glen
Bought by
Heins Michael A
Seller's Agent
Jennifer Leonard-Comperda
Baird & Warner Fox Valley - Geneva
Buyer's Agent
Jennifer Leonard-Comperda
Baird & Warner Fox Valley - Geneva
List Price
$225,000
Sold Price
$212,500
Premium/Discount to List
-$12,500
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.45%
Original Mortgage
$172,975
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2007
Sold by
Miller Charles P
Bought by
Gast Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.66%
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

Date Buyer Sale Price Title Company
Blas Johnny $300,000 None Listed On Document
Heins Michael A $212,500 Baird & Warner Ttl Svcs Inc
Gast Michael P $230,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blas Johnny $294,467
Previous Owner Heins Michael A $172,975
Previous Owner Gast Michael P $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2023 03/23/23 Sold $299,900 +3.4% $168 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $289,900 +36.4% $163 / Sq Ft
06/29/2020 06/29/20 Sold $212,500 -5.6% $119 / Sq Ft View Prior Sale
05/20/2020 05/20/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $225,000 -- $126 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,904 $94,264 $26,007 $68,257
2023 $6,578 $85,160 $23,495 $61,665
2022 $6,213 $77,651 $21,423 $56,228
2021 $5,942 $72,598 $20,029 $52,569
2020 $6,321 $69,306 $19,121 $50,185
2019 $6,166 $66,018 $18,214 $47,804
2018 $6,590 $66,656 $17,159 $49,497
2017 $6,481 $63,013 $16,221 $46,792
2016 $6,235 $58,459 $15,049 $43,410
2015 -- $53,583 $13,794 $39,789
2014 -- $46,346 $13,624 $32,722
2013 -- $47,568 $13,983 $33,585
Source: Public Records

Agents Affiliated with this Home

  • Bob Wisdom

    Seller's Agent in 2023

    Bob Wisdom

    RE/MAX

    (847) 695-8348

    34 in this area

    637 Total Sales

    Bob Wisdom
    Section Image

  • R

    Buyer's Agent in 2023

    Rocio Blas

    Coldwell Banker Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11720111

Midwest Real Estate Data (MRED)

APN: 06-09-453-078

Illinois Kane County Elgin 60123 Far West Elgin

538 Madison Ln, Elgin, IL

Not Listed for Sale

Townhouses

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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