NOT LISTED FOR SALE

1020 Rae Dr Unit 10 Richfield, MN 55423

Estimated Value: $206,000 - $213,468

2 Beds
1 Bath
1,062 Sq Ft
$198/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $205,000 $193 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,712/month

24 Days on Market

Highlights

  • 255,218 Sq Ft lot
  • Baseboard Heating
  • Wood Burning Fireplace
  • The kitchen features windows

About This Home

As of July 2023

Welcome home! This lovely 2 bedroom, 1 bathroom home is located in the Wood Lake Village community and has a ton of great features for you to enjoy. Being nestled right between both Richfield Lake and Woodlake Nature Center means that you can easily take a refreshing stroll to either spend an afternoon fishing or hiking. Plus, nearby parks are perfect for picnics with family and friends.Take advantage of all the natural light coming into the living room and cozy up next to the wood burning fireplace on those cold winter nights. Step out onto your own private deck where you can relax and unwind after a long day at work. And if convenience is important to you, this home is ideally situated near key highways and major shopping centers and entertainment venues - everything is literally just minutes away!

Last Agent to Sell the Property

Kellen Jacobson

Keller Williams Realty Integrity Lakes Listed on: 06/08/2023

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

James Davich

Inspire Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 1980

Lot Details

  • 5.86

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Pitched Roof

Interior Spaces

  • 1,062 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace

Kitchen

  • Range
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • 5.86 Acre Lot
  • Baseboard Heating

Community Details

  • Association fees include maintenance structure, hazard insurance, lawn care, professional mgmt, trash, snow removal, water
  • Wood Lake Village Association, Phone Number (952) 922-5400
  • Condo 0210 Wood Lake Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2802824140071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,297

Year Built

Built in 1980

Lot Details

0

HOA Fees

$338 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Manor/Village
  • Cooling System: Ductless Mini-Split
  • Garage Spaces: 1
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 1062
  • Water Body Name: Little Pelican
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1062
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Lake Acres: 366
  • LakeChain: N

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Professional Mgmt, Trash, Snow Removal, Water
  • Phone: 952-922-5400
  • Association Fee: 338
  • Association: Yes
  • Amenities Unit: Balcony,Kitchen Window,Tile Floors,Vaulted Ceiling(s)

Association/Amenities

  • HOA Management Co: Wood Lake Village

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 255218.04
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Aluminum Siding, Fiber Cement, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2802824140071
  • Tax Annual Amount: 2297
  • TaxWithAssessments: 2296.5600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Jul 19, 2023
Sold by
Kiberenge Kenneth
Bought by
Powell Heidi
Seller's Agent
Kellen Jacobson
Keller Williams Realty Integrity Lakes
Buyer's Agent
James Davich
Inspire Realty
List Price
$215,000
Sold Price
$205,000
Premium/Discount to List
-$10,000
-4.65%
Views
58
Current Estimated Value
$209,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,867
Avg. Annual Appreciation
1.23%

Purchase Details

Closed on
Feb 13, 2020
Sold by
Lee Andrew C and Estate Of Barbara Anne Lee
Bought by
Kiberenge Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Holthusen Carrie J
Bought by
Lee Barbara A

Purchase Details

Closed on
Aug 28, 2003
Sold by
Williams Sandra J
Bought by
Grommesch Carrie
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
Powell Heidi $205,000 Watermark Title
Kiberenge Kenneth $172,000 None Available
Lee Barbara A $158,000 --
Grommesch Carrie $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kiberenge Kenneth $172,000
Previous Owner Lee Barbara A $111,995
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $205,000 -4.7% $193 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $215,000 -- $202 / 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 $2,455 $194,500 $48,000 $146,500
2022 $2,145 $192,000 $48,000 $144,000
2021 $1,765 $170,000 $48,000 $122,000
2020 $1,802 $144,000 $48,000 $96,000
2019 $1,628 $141,000 $46,000 $95,000
2018 $1,399 $128,000 $39,000 $89,000
2017 $1,271 $109,000 $33,000 $76,000
2016 $1,100 $94,000 $35,000 $59,000
2015 $1,035 $91,000 $35,000 $56,000
2014 -- $85,000 $35,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6381280

NorthstarMLS

APN: 28-028-24-14-0071