Welcome to this beautiful Madison Lane townhome. This spacious home features two bedrooms plus a large loft, two-and-a-half bathrooms, and an unfinished basement, providing plenty of room to live, work, and entertain. The open-concept living and dining area is filled with abundant natural light and stunning two story space. The spacious living room with fireplace flows seamlessly into the dining room and kitchen, which boasts new appliances, ample cabinet space, and a pantry for additional storage. Enter from the garage into the laundry/mud room with new washer/dryer and additional cabinets. Upstairs, you'll find two generously sized bedrooms and a versatile loft offering endless possibilities-perfect for a home office, guest space, or hobby area.. The Primary Suite features a tray ceiling, large walk-in closet and private en-suite with dual vanity, soaking tub and separate shower. The unfinished basement, offers a blank canvas ready for your personal touch. Whether you envision a media room, play area, or additional living space, the possibilities are endless. Close proximity to Randal Rd shopping and restaurants and I90. This townhome combines functionality, flexibility, and style-ready to welcome you home!
Closed
$333,700
550 Madison Ln, Elgin, IL 60123
2beds
1,783sqft
Townhouse, Single Family Residence
Built in 2007
2,178 Square Feet Lot
$341,000 Zestimate®
$187/sqft
$2,460 Estimated rent
Home value
$341,000
$307,000 - $379,000
$2,460/mo
Zestimate® history
Owner options
List your home for rent
$2,460/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,460/mo
Rent Zestimate®
Refinance and save
$2,667/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,667/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Two generously sized bedroomsTwo-and-a-half bathroomsAbundant natural lightStunning two story spaceSpacious homeAmple cabinet spacePantry for additional storage
Zillow last checked:
Listing updated:
Listing courtesy of:
Christy Alwin (224)699-5002,
Redfin Corporation
Bought with:
Michael Louie
Keller Williams Inspire - Geneva
Source: MRED as distributed by MLS GRID,MLS#: 12572560
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Flooring (Carpet), Bathroom (Full)
- Level: Second
- Area: 286 Square Feet
- Dimensions: 13X22
Bedroom 2
- Features: Flooring (Carpet)
- Level: Second
- Area: 121 Square Feet
- Dimensions: 11X11
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15X11
Foyer
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11X9
Kitchen
- Features: Kitchen (Eating Area-Table Space, Pantry-Closet), Flooring (Tile)
- Level: Main
- Area: 190 Square Feet
- Dimensions: 10X19
Laundry
- Features: Flooring (Tile)
- Level: Main
- Area: 48 Square Feet
- Dimensions: 6X8
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 255 Square Feet
- Dimensions: 15X17
Loft
- Features: Flooring (Carpet)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10X13
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator
- Laundry: In Unit
Features
- Vaulted Ceiling(s)
- Flooring: Hardwood
- Basement: Unfinished,Full
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 0
- Total interior livable area: 1,783 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Patio & porch: Deck
Lot
- Size: 2,178 sqft
Details
- Parcel number: 0609453090
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Single Family Residence
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Elgin
- Subdivision: Madison Homes
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $275 monthly
- Services included: Exterior Maintenance
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple w/ HO Assn.
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Sold | $333,700+2.7%$187/sqft |
Source:  MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 3/18/2026 | Pending sale | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 3/7/2026 | Contingent | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 3/2/2026 | Listed for sale | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 2/27/2026 | Contingent | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 2/20/2026 | Listed for sale | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12572560 Report a problem | ||
| 2/19/2026 | Listing removed | $324,900$182/sqft |
Source: MRED as distributed by MLS GRID #12547360 Report a problem | ||
| 2/5/2026 | Price change | $324,900-3%$182/sqft |
Source: MRED as distributed by MLS GRID #12547360 Report a problem | ||
| 1/16/2026 | Listed for sale | $334,900+13.5%$188/sqft |
Source: MRED as distributed by MLS GRID #12547360 Report a problem | ||
| 6/30/2023 | Sold | $295,000+2.1%$165/sqft |
Source: MRED as distributed by MLS GRID #11788604 Report a problem | ||
| 6/27/2023 | Pending sale | $289,000$162/sqft |
Source: MRED as distributed by MLS GRID #11788604 Report a problem | ||
| 6/11/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11788604 Report a problem | ||
| 5/29/2023 | Contingent | $289,000$162/sqft |
Source: MRED as distributed by MLS GRID #11788604 Report a problem | ||
| 5/25/2023 | Listed for sale | $289,000+37.6%$162/sqft |
Source: MRED as distributed by MLS GRID #11788604 Report a problem | ||
| 9/3/2020 | Sold | $210,000-3.4%$118/sqft |
Source: Public Record Report a problem | ||
| 7/11/2020 | Pending sale | $217,500$122/sqft |
Source: Realty Executives Cornerstone #10724541 Report a problem | ||
| 6/28/2020 | Price change | $217,500-1.1%$122/sqft |
Source: Realty Executives Cornerstone #10724541 Report a problem | ||
| 6/9/2020 | Listed for sale | $220,000+7.6%$123/sqft |
Source: Realty Executives Cornerstone #10724541 Report a problem | ||
| 6/6/2018 | Sold | $204,500+8.2%$115/sqft |
Source: Public Record Report a problem | ||
| 9/23/2009 | Sold | $189,000$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,963 +4.9% | $95,012 +10.7% |
| 2023 | $6,635 +5.9% | $85,836 +9.7% |
| 2022 | $6,266 +4.6% | $78,267 +7% |
| 2021 | $5,993 +2.9% | $73,174 +4.7% |
| 2020 | $5,824 +3% | $69,856 +5% |
| 2019 | $5,654 -6.5% | $66,542 -1% |
| 2018 | $6,050 +2.3% | $67,192 +5.8% |
| 2017 | $5,916 -5.9% | $63,520 +7.8% |
| 2016 | $6,285 | $58,930 +9.1% |
| 2015 | -- | $54,015 +16.5% |
| 2014 | -- | $46,346 -2.6% |
| 2013 | -- | $47,568 -7.4% |
| 2012 | -- | $51,381 -10.7% |
| 2011 | -- | $57,518 -9.6% |
| 2010 | -- | $63,661 +347.8% |
| 2009 | -- | $14,217 |
Find assessor info on the county website
Neighborhood: Valley Creek
Nearby schools
GreatSchools rating
- 6/10Creekside Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 3/10Kimball Middle SchoolGrades: 7-8Distance: 1 mi
- 3/10Larkin High SchoolGrades: PK,9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Creekside Elementary School
- Middle: Kimball Middle School
- High: Larkin High School
- District: 46
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$341,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$341,000
- Illinois
- Kane County
- Elgin
- 60123
- Valley Creek
- 550 Madison Ln
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Elgin Topics
