Seller's Agent in 2025
Michael Mandile
Compass
(630) 546-0254
6 in this area
240 Total Sales
576 Madison Ln Elgin, IL 60123
Far West Elgin Neighborhood
2
Beds
3
Baths
1,600
Sq Ft
$260/mo
HOA Fee
Highlights
- Water Views
- Open Floorplan
- Deck
- New Construction
- Landscaped Professionally
- 3-minute walk to Trinity Terrace Park
About This Home
As of June 2025Welcome to The Villas at Madison Lane, a stunning new construction community perfectly situated in Elgin! This highly sought-after Ranch Duplex with an English Basement features 3 bedrooms, 3 full bathrooms, and 1,600 square feet of beautifully designed, open-concept living space. Step inside to be greeted by an abundance of natural light and a thoughtfully designed living area with soaring 9' ceilings and luxury vinyl plank flooring throughout the main level. The heart of the home, the kitchen, boasts GE stainless steel appliances, sleek quartz countertops, a stylish tiled backsplash, and 36" soft-close cabinets with crown molding. The large eat-in island seamlessly connects to the family room, making it perfect for entertaining or enjoying everyday moments. The spacious primary suite offers a serene retreat, complete with a large walk-in closet and a spa-like en-suite bathroom featuring upgraded finishes, 12x24 ceramic tile, a double vanity with cultured marble countertops, and premium Moen fixtures / black accent finishes. A versatile carpeted secondary bedroom, a full hall bathroom, and a generously-sized laundry/mudroom round out the main level. Step outside onto the spacious deck, an ideal spot to unwind and enjoy views of the backyard. The English/Lookout basement is bathed in sunlight and offers incredible flexibility with a third carpeted bedroom, a full bathroom, and a bonus living area perfect for a home gym, recreation room, or additional entertaining space. Located just minutes from major expressways, shopping, dining, grocery stores, and more, this property combines convenience with modern luxury. Don't miss this incredible opportunity-schedule your tour today!
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 2024 | New Construction
Lot Details
- Lot Dimensions are 52x92
- Home fronts a stream
- Property is adjacent to nature preserve
- End Unit
- Landscaped Professionally
- Wooded Lot
HOA Fees
- $260 Monthly HOA Fees
Parking
- 2 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,600 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Window Screens
- Mud Room
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Storage
- Water Views
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 3 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Sink Near Laundry
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Home Security
Outdoor Features
- Deck
Schools
- Creekside Elementary School
- Kimball Middle School
- Larkin High School
Utilities
- Forced Air Heating and Cooling System
- Electric Air Filter
- Heating System Uses Natural Gas
- 200+ Amp Service
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include insurance, lawn care, snow removal
- 2 Units
- Gordie Lewis Association, Phone Number (847) 209-7002
- Madison Homes Subdivision
Pet Policy
- Pets up to 100 lbs
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Carbon Monoxide Detectors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2025
Closed on
Jun 16, 2025
Sold by
Meritus Homes Inc
Bought by
Alice M Kurtyka Revocable Trust and Kurtyka
Seller's Agent
Michael Mandile
Compass
Buyer's Agent
Michael Mandile
Compass
List Price
$425,900
Sold Price
$420,900
Premium/Discount to List
-$5,000
-1.17%
Views
118
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
-$3,900
Avg. Annual Appreciation
-1.84%
Original Mortgage
$150,000
Outstanding Balance
$149,492
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$267,508
Purchase Details
Listed on
Jan 22, 2025
Closed on
Jun 9, 2025
Sold by
Meritus Homes Inc
Bought by
Moon Gregory J
Seller's Agent
Michael Mandile
Compass
Buyer's Agent
Michael Mandile
Compass
List Price
$425,900
Sold Price
$420,900
Premium/Discount to List
-$5,000
-1.17%
Views
118
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$149,492
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$267,508
Purchase Details
Closed on
Dec 18, 2024
Sold by
Meritus Homes Inc
Bought by
Cascio Vincent and Moody Kevin Lemore
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,446
Interest Rate
6.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2024
Sold by
Madison Homes Of Elgin Declaration Of Tr and Miller Charles P
Bought by
Meritus Homes Inc
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 |
|---|---|---|---|
| Special Warranty Deed | $427,500 | None Listed On Document | |
| Special Warranty Deed | $426,500 | None Listed On Document | |
| Special Warranty Deed | $414,500 | None Listed On Document | |
| Deed | $167,000 | Wheatland Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | New Conventional | |
| Closed | $176,291 | New Conventional | |
| Previous Owner | $331,446 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Sold | $420,900 | -1.2% | $263 / Sq Ft |
| 05/26/2025 05/26/25 | Pending | -- | -- | -- |
| 01/22/2025 01/22/25 | For Sale | $425,900 | -- | $266 / 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 | $229 | $2,859 | $2,859 | -- |
| 2023 | $220 | $2,583 | $2,583 | -- |
| 2022 | $204 | $2,355 | $2,355 | $0 |
| 2021 | $196 | $2,202 | $2,202 | $0 |
| 2020 | $192 | $2,102 | $2,102 | $0 |
| 2019 | $187 | $2,002 | $2,002 | $0 |
| 2018 | $186 | $1,886 | $1,886 | $0 |
| 2017 | $183 | $1,783 | $1,783 | $0 |
| 2016 | $176 | $1,654 | $1,654 | $0 |
| 2015 | -- | $1,516 | $1,516 | $0 |
| 2014 | -- | $1,497 | $1,497 | $0 |
| 2013 | -- | $1,537 | $1,537 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Mandile
-
Tim Lorimer
Seller Co-Listing Agent in 2025
Tim Lorimer
Compass
(630) 546-0254
6 in this area
267 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12274675
APN: 06-09-376-026
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