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547 Madison Ln, Elgin, IL, 60123

$499,500

Home List Price

$5,932*

Closing Credit

3 Bedrooms
2 Full Baths
2,100 SqFt
$238/SqFt
House

Location

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547 Madison Ln, Elgin$499,500

Buyer Closing Credits

$5,932*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year BuiltNew Const., 2024
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #12192635
StatusActive

About 547 Madison Ln

NEW CONSTRUCTION RANCH SINGLE FAMILY HOME WITH ENGLISH BASEMENT LOCATED ON LAST LOT IN THE SUBDIVISION THAT SIDES TO OPEN SPACE IN A MAINTENCE FREE BOUTIQUE COMMUNITY. THE TIME IS NOW TO PURCHASE SO YOU CAN CUSTOMIZE THIS RANCH HOME TO MAKE IT YOURS. 3 bedroom and 2 full bath with ALMOST 2,100 square feet of living space. Open concept floor plan with large eat in kitchen overlooking spacious family room. Private primary bedroom and en suite full bath with large walk in shower, private toilet room, double bowl and large walk in closet. Guest Wing includes two secondary bedrooms and spacious full bathroom. Beautiful den with divided light doors off the foyer. Generous laundry and mud room/back hall area. Large English/Lookout basement with exterior deck is ideal to finish for family functions and entertaining.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 2024
  • Living Area: 2,100 SqFt

Listing Office:

  • Office Name: HomeSmart Connect LLC
  • Office Phone: (847) 495-5000
  • Listing Agent: Joseph Dulla

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Refrigerator, Disposal, Oven
  • Basement: Yes
  • Interior: Vaulted/Cathedral Ceilings, Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Ceilings - 9 Foot, Open Floorplan, Some Carpeting

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Storms/Screens

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Landscaped, Infill Lot, Sidewalk

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: RANDALL RD SOUTH OF I90 & NORTH OF 20 ~ TURN ON HIGHLAND AVE EAST TO MADISON LANE. TURN LEFT TO NEW RANCH HOME UNDER CONSTRUCTION

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,500
  • Price Per SqFt: $238/SqFt

HOA Fees:

  • Amount: $245
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $192
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Elgin, IL.

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Elgin, IL

City

Med. Sold Price

$329.9K

Med. Price/SqFt

$187

Avg. Days On Market

22

# of Sold Homes

96

547 Madison Ln vs Elgin

46 DAYS ON ROCKET

+24 Days

$499,500

+$169.5K More

$238/SqFt

+$51 More

KEY TAKEAWAY

This property is $169.5K more than the Median Sold Price and $51/SqFt more than other homes in Elgin, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12192635

Listing Office:

  • Office Name: HomeSmart Connect LLC
  • Office Phone: (847) 495-5000
  • Listing Agent: Joseph Dulla

IDX Listings courtesy of Midwest Real Estate Data as distributed by 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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$192$2,102

History based on county public records data.

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$2,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-95841
4
/10

  • Creekside Elementary School

  • 655 N Airlite St

  • 0.42 miles

  • Public District Grades KG-6

school-card-donut-95842
3
/10

  • Hillcrest Elementary School

  • 80 N Airlite St

  • 0.65 miles

  • Public District Grades KG-6

school-card-donut-95843
3
/10

  • Highland Elementary School

  • 190 N Melrose Ave

  • 1.19 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,268. Residents of Elgin, IL typically earn between $35k-100k each year. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Elgin, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Elgin, IL.

Elgin offers a diverse housing market with a blend of historical and contemporary architectural styles. The housing landscape features a selection of single-family homes, which are prevalent, alongside a mix of apartments and townhouses that cater to various preferences. The architectural styles range from Victorian and Colonial to modern constructions, with a significant portion of homes built in the late 20th century. The homeownership rate in Elgin is robust, with a substantial majority of residents owning their homes, while a smaller percentage are renters.

What is it like to live in Elgin, IL?

Elgin is celebrated for its rich cultural heritage and community spirit. The city prides itself on its vibrant downtown area, which serves as a hub for local events and festivals that reflect the community's diverse cultural identity. The presence of historical buildings and landmarks contributes to the unique character of Elgin, offering residents and visitors a glimpse into the city's storied past.

Is it easy to get around Elgin, IL without a car?

The community benefits from a solid educational system, with numerous public and private schools providing a range of educational opportunities. Elgin is home to several healthcare facilities, offering services that include urgent care, primary care, and specialized medical treatments. The city also features a network of public libraries and a variety of retail and dining options that showcase the local culture. City initiatives are in place to continually improve services to meet the evolving needs of Elgin's diverse population.

Transportation in Elgin, IL.

Elgin's transport infrastructure includes a variety of options for both private and public transit. The city's road network facilitates easy commuting and travel, with access to major highways. Public transportation services are available, with schedules designed to accommodate the needs of residents. The community also features areas with high walkability, and there are initiatives to enhance bikeability across the city. Ride-sharing services are present, providing additional transportation options for the community.

Frequently Asked Questions About 547 Madison Ln

What is the listing price of this property?

The listing price of 547 Madison Ln property is $499,500.

What type of property is this?

The property 547 Madison Ln is a house located in Elgin, Illinois, 60123.

Is this property for sale now?

Active Listing: 547 Madison Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $192 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 547 Madison Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 547 Madison Ln is 2,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 547 Madison Ln is 2024.

Rocket Homes›Illinois›Kane County›Elgin›60123›547 Madison Ln

This home is located at 547 Madison Ln in Elgin, IL and zip code 60123. This 2,100 square foot home was built in 2024. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 02, 2024 and is currently priced at $499,500.

While more than 35 listings in Elgin, IL in November 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 38 were sold below. In November 2024 in Elgin, IL there were 1.6% more homes for sale than in October 2024. In November 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $329,950.

From Rocket Homes Real Estate and based on county public records data.

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