NOT LISTED FOR SALE

1015 Rae Dr Unit 3 Richfield, MN 55423

Estimated Value: $180,000 - $208,000

1 Bed
1 Bath
862 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $200,000 $232 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,811/month

8 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Baseboard Heating
  • The kitchen features windows
  • Zero Lot Line
  • Wood Burning Fireplace

About This Home

As of May 2023

Great starter home in central location! Main level unit with no interior steps! In unit laundry & fireplace! Woodlake Nature Center, Richfield Lake Park and other amazing walking trails are close by. There are a variety of dining options near-by, including The Protagonist, Richfield VFW, and many fast-food options! Everything you need is within walking distance! The Downtown Minneapolis Express bus stop is on 66th street. Don't delay or you may be sorry!

Last Agent to Sell the Property

Michael Esterley

Edina Realty, Inc. Listed on: 03/14/2023

Edina Realty, Inc.

Last Buyer's Agent

Douglas Malam

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,896

Year Built

  • Built in 1980

Lot Details

  • 436 Sq Ft Lot
  • Street terminates at a dead end
  • Zero Lot Line

HOA Fees

  • $276 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Parking Fee

Home Design

  • Property Attached
  • Pitched Roof

Interior Spaces

  • 862 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace

Kitchen

  • Cooktop
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, snow removal, water
  • Westport Properties Association, Phone Number (952) 465-3600
  • Condo 0210 Wood Lake Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2802824140056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,896

Year Built

Built in 1980

Lot Details

0

HOA Fees

$276 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Manor/Village
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: No Stairs Internal
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 862
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 862
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Deck

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Brick

Garage/Parking

  • Parking Features: Detached, Asphalt, Garage Door Opener, More Parking Onsite for Fee
  • Garage Square Feet: 200
  • Garage Door Height: 7

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Snow Removal, Water
  • Phone: 952-465-3600
  • Association Fee: 276
  • Association: Yes
  • Amenities Unit: Deck,Intercom System,Indoor Sprinklers,Kitchen Window,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Westport Properties

Schools

  • Junior High Dist: Richfield
  • SchoolDistrictNumber: 280
  • SchoolDistrictPhone: 612-798-6010

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: common
  • Lot Size Sq Ft: 435.6
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Many Trees, Zero Lot Line
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2802824140056
  • Tax Annual Amount: 1896
  • TaxWithAssessments: 1896.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
May 1, 2023
Sold by
Krutsch Daniel P
Bought by
Miles Linda J
Seller's Agent
Michael Esterley
Edina Realty, Inc.
Buyer's Agent
Douglas Malam
RE/MAX Results
List Price
$188,000
Sold Price
$200,000
Premium/Discount to List
$12,000
6.38%
Views
84
Current Estimated Value
$195,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,343
Avg. Annual Appreciation
-1.02%

Purchase Details

Closed on
Mar 29, 2013
Sold by
Sjoberg Dolores M
Bought by
Krutsch Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
3.46%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Miles Linda J $200,000 Edina Realty Title
Krutsch Daniel P -- Edina Realty Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krutsch Daniel P $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $200,000 +6.4% $232 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $188,000 -- $218 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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
2023 $5,347 $179,600 $48,000 $131,600
2022 $1,896 $175,000 $48,000 $127,000
2021 $1,576 $154,000 $48,000 $106,000
2020 $1,555 $132,000 $48,000 $84,000
2019 $1,393 $126,000 $46,000 $80,000
2018 $1,130 $114,000 $39,000 $75,000
2017 $1,025 $94,000 $33,000 $61,000
2016 $890 $82,000 $35,000 $47,000
2015 $845 $80,000 $35,000 $45,000
2014 -- $74,000 $35,000 $39,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6337748

NorthstarMLS

APN: 28-028-24-14-0056