Last Sold Price
4 beds2,506 sqft$152/sqft
531 Monarch Ln, Addison, IL 60101

Description

No Expense Spared in this Raised Ranch Home with over 2,500 sqft of living space in the Kings Point Subdivision. This bright and spacious home features open concept living with 4 bedrooms, 2 full baths and many beautiful updates throughout. Enjoy the gourmet kitchen complete with all new white cabinets, stainless steel appliances, quartz counter tops, tile floors, tile back-splash and a pantry alongside the coffee bar. The kitchen and dining area both have direct access to the large deck making the...No Expense Spared in this Raised Ranch Home with over 2,500 sqft of living space in the Kings Point Subdivision. This bright and spacious home features open concept living with 4 bedrooms, 2 full baths and many beautiful updates throughout. Enjoy the gourmet kitchen complete with all new white cabinets, stainless steel appliances, quartz counter tops, tile floors, tile back-splash and a pantry alongside the coffee bar. The kitchen and dining area both have direct access to the large deck making the combined spaces perfect for entertaining! 3 spacious bedrooms with an updated full bathroom make up the rest of the main floor. The lower level features a huge family room with recessed lighting, a 4th bedroom with an adjoining 12x12 room currently set up as a closet, a tastefully updated full bathroom and a storage/utility/laundry room. Plenty of parking on the side driveway which lead to a detached 2 car garage. Improvements include: kitchen, bathrooms, refinished hardwood floors, paint (home interior, exterior, deck and garage), ceiling fans, lighting fixtures & much more - Short walking distance to the park and school - Minutes to Shopping & Restaurants - Easy access to the Highway. This home is sure to please!
LISTING CLOSED: 06/16/2021 12:00 AM

  1. Listed by Ray Nicolas • Baird & Warner
    P: (630) 942-6947 C: (224) 629-6919 ray.nicolas@bairdwarner.com

Sold By RE/MAX Suburban

Property Details for 531 Monarch Lane

Status
MLS #
11082450
Days on Market
3
Taxes
$6,791 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Detached Single / Raised Ranch
Year Built
1968
Lot Size
0.21 AC / 9,234 SF
Area
Addison
Subdivision
Kings Point
Township
Addison
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Air Conditioning Type
Central Air
Heat/Fuel
Natural Gas, Forced Air

Recent comparable sales

Median sold price

$390,000

Avg days on market

16

Sale-to-list ratio

100.6%

Addison, IL

9 comparable properties found

front view of a house with a yard
1/45
1

$450,000

Sold 12/22/25

4
Bedrooms
2,707
Square Feet
0.54
Acres
$350,000 | 677 West Lake Park Drive, Addison, IL 60101
1/21
2

$350,000

Sold 10/25/24

4
Bedrooms
2,100
Square Feet
0.13
Acres
$489,000 | 522 Castle Road, Addison, IL 60101
1/46
3

$489,000

Sold 10/06/25

4
Bedrooms
2,275
Square Feet
0.22
Acres
a front view of house with yard and green space
1/21
4

$415,000

Sold 06/18/25

4
Bedrooms
2,998
Square Feet
0.23
Acres
5

$385,000

Sold 07/17/25

4
Bedrooms
2.5
Bathrooms
2,353
Square Feet
0.25
Acres
a view of a car park in front of house
1/2
6

$390,000

Sold 11/24/25

4
Bedrooms
2,516
Square Feet
0.23
Acres
a front view of a house with a yard and garage
1/21
7

$370,000

Sold 02/17/26

4
Bedrooms
2,239
Square Feet
0.35
Acres
a front view of a house with a yard
1/24
8

$339,900

Sold 01/06/25

4
Bedrooms
2,052
Square Feet
0.19
Acres
$440,000 | 357 North Pioneer Drive, Addison, IL 60101
1/27
9

$440,000

Sold 06/25/26

4
Bedrooms
2,829
Square Feet
0.25
Acres

Location

Add your commute

Building Information for 531 Monarch Lane

Stories-Year Built1968Building Size-Lot Size0.21 AC / 9,234 SF

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$2,497 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,931

Property Taxes

$566

HOA Dues

$0

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Property Information for 531 Monarch Lane

General Information
School Information
  • Elementary School District: 4
  • Elementary School: Stone Elementary School
  • Jr High Middle School: Indian Trail Elementary School
  • High School District: 88
  • High School: Addison Trail High School
  • Middle Or Junior School District: 58
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Interior Property Features: Hardwood Floors, Built-in Features, Walk-In Closet(s), Open Floorplan
  • Num Of Rooms: 9
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: None
  • Bedrooms Possible: 4
  • Air Conditioning: Central Air
  • Basement Description: None
  • Basement Bathrooms: No
  • Room Type: Bonus Room
  • Num of Baths: 2.0
Exterior Features
  • Type: Raised Ranch
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances, Range Hood
Property/Lot Information
  • Exterior Property Features: Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Type Detached: Raised Ranch
  • Total Sq Ft: 2506
  • Aprox Total Finished Sq Ft: 2506
  • Total Finished and Unfin Sq Ft: 2506
  • Lower Sq Ft: 1218
  • Main Sq Ft: 1288
  • Lot Description: Cul-de-Sac
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 70X132
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Driveway: Asphalt,Side Drive
  • Exterior Building Type: Aluminum Siding, Brick, Cedar
  • Roof Type: Asphalt
  • General Information: School Bus Service,Interstate Access
  • Living Area Source: Assessor
  • Assessor Square Footage: 1288
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 2
  • Document Date: 2021-05-10T17:40:18
  • Photos Count: 4
  • Rural: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 05-10-2021
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Flooring: Hardwood
  • Master Bedroom Dimensions: 15X11
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • 2nd Bedroom Flooring: Hardwood
  • Bedroom #2 Room Dimensions: 14X11
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • 3rd Bedroom Flooring: Hardwood
  • Bedroom #3 Room Dimensions: 11X10
Bedroom #4 Information
  • 4th Bedroom Level: Lower
  • Room Type: Bedroom 4
  • 4th Bedroom Flooring: Carpet
  • Bedroom #4 Room Dimensions: 14X13
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Flooring: Hardwood
  • Dining Room Dimensions: 12X10
Family Room Information
  • Family Room Level: Lower
  • RoomType_FR: Family Room
  • Family Room Flooring: Carpet
  • Family Room Dimensions: 22X15
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Type: Island,Pantry-Closet,Updated Kitchen
  • Kitchen Flooring: Ceramic Tile
  • Kitchen Dimensions: 14X12
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Flooring: Hardwood
  • Living Room Dimensions: 19X13
Additional Room #1 Information
  • Addtl Room 1 Flooring: Carpet
Bonus Room Information
  • Room Level: Lower
  • Room Type: Bonus Room
  • Dimensions: 12X12

Property History for 531 Monarch Lane

DateEvent & SourcePriceAppreciation
Jun 16, 2021

Sold

MRED #11082450

$380,000
Jun 11, 2021

Sold (Public Record)

Public Record #1465399869

$380,000

+21.6% / yr

May 12, 2021

Pending

MRED #11082450

DateEvent & SourcePrice
06/16/2021

Sold

MRED #11082450

$380,000
06/11/2021

Sold (Public Record)

Public Record #1465399869

$380,000

+21.6% / yr

05/12/2021

Pending

MRED #11082450

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 531 Monarch Lane

Taxable ValueLand$51,363Additions$76,668Total$128,031
Tax Record2025$8,058 ($671 / month)
Home Facts
Beds0Baths1.5Total Finished SqFt2,506 SqFtAbove Grade Finished SqFt2,506 SqFtStories1Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1968Year Renovated1968ZoningRCountyDUPAGEAPN03-19-302-033

Schools near 531 Monarch Lane

This home is within Addison School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Stone Elementary School
PublicK to 5

Indian Trail Jr High School
Public6 to 8

Addison Trail High School
Public9 to 12

St Philip The Apostle School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 531 Monarch Lane, Addison, IL 60101
$380,000
4
2,506
9,234
$314,000
2.5
2,642
8,276
$275,000
3
1.5
1,863
9,583
1.5
1,949
10,019
$493,000
5
2,360
8,610
$270,000
3
1.5
1,863
8,276

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/18/2021 05:21 AM. 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.