NOT LISTED FOR SALE

1020 Rae Dr Unit 2 Richfield, MN 55423

Estimated Value: $254,000 - $300,000

3 Beds
2 Baths
1,262 Sq Ft
$220/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $309,000 $245 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,142/month

46 Days on Market

Highlights

  • 255,218 Sq Ft lot
  • The kitchen features windows
  • Patio
  • Stainless Steel Appliances
  • Walk-In Closet
  • Laundry Room

About This Home

As of May 2024

Ever dreamed of finding that perfect single-level home smack dab in the heart of everything? Picture this: sun-drenched rooms adorned with chic, contemporary vibes that just scream "home." And oh, let me tell you about the kitchen – it's a chef's dream with sleek granite countertops, an extra deep sink, nifty corner storage, a spacious island, and shiny new stainless steel appliances.
But wait, there's more! The bathrooms got a modern makeover with stylish vanities and lights, and the dining room? It's a haven with built-ins that are like a secret storage paradise for your glassware and collections. And let's talk lighting – this place is a glow-up haven with plenty of recessed lights, and get this, some are dimmable for that perfect ambiance. This home can be yours TODAY!

And the crown jewel? Crown molding with accent lighting that comes to life when the sun sets, giving the whole place a seriously cool vibe. Oh, did I mention the beautiful hardwood floors? See it TODAY!

Last Agent to Sell the Property

Marzena Melby

Coldwell Banker Realty - Southwest Regional Brokerage Phone: 612-267-6798 Listed on: 03/20/2024

Coldwell Banker Realty - Southwest Regional

Last Buyer's Agent

Rachel Blinsmon

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 1980

Lot Details

  • 5.86

HOA Fees

  • $437 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,262 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Crawl Space
  • Fire Sprinkler System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Patio
  • 5.86 Acre Lot

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2802824140063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,726

Year Built

Built in 1980

Lot Details

5.86 Acres

HOA Fees

$437 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Manor/Village
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Fire Sprinkler System, Security Lighting
  • Fee Frequency: Monthly
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 1262
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-267-6798
  • Attribution Contact: 612-267-6798
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Wood Burning
  • Living Area: 1262
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Walk In Closet, Laundry, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Detached, Concrete

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Snow Removal, Water
  • Phone: 952-465-3600
  • Association Fee: 437
  • Association: Yes
  • Amenities Unit: Cable,Ceiling Fan(s),French Doors,Hardwood Floors,Indoor Sprinklers,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Paneled Doors,Tile Floors

Association/Amenities

  • HOA Management Co: Westport Properties

Schools

  • Junior High Dist: Richfield
  • 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: Brick/Stone, Engineered Wood

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2802824140063
  • Tax Annual Amount: 2726
  • TaxWithAssessments: 2726.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 16, 2024
Sold by
Mierzwa-Melby Marzena and Melby Lindsay
Bought by
Matson Susan
Seller's Agent
Marzena Melby
Coldwell Banker Realty - Southwest Regional
Buyer's Agent
Rachel Blinsmon
RE/MAX Results
List Price
$319,000
Sold Price
$309,000
Premium/Discount to List
-$10,000
-3.13%
Views
100
Current Estimated Value
$277,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,680
Avg. Annual Appreciation
-5.71%

Purchase Details

Closed on
Aug 24, 2023
Sold by
Rasmussen Karen A
Bought by
Mierzwa-Melby Marzena

Purchase Details

Closed on
Feb 16, 2006
Sold by
Stehr Leonard E
Bought by
Rasmussen Karen A
Source: Public Records
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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
Matson Susan $309,058 Burnet Title
Mierzwa-Melby Marzena $200,000 Burnet Title
Rasmussen Karen A $175,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $309,000 -1.6% $245 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/05/2024 04/05/24 Price Changed $314,000 -1.6% $249 / Sq Ft
03/20/2024 03/20/24 For Sale $319,000 -- $253 / Sq Ft
Source: NorthstarMLS

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
2024 $2,950 $226,100 $57,600 $168,500
2023 $2,881 $223,100 $57,600 $165,500
2022 $2,577 $222,000 $58,000 $164,000
2021 $2,157 $198,000 $58,000 $140,000
2020 $2,244 $169,000 $58,000 $111,000
2019 $2,046 $168,000 $55,000 $113,000
2018 $1,793 $153,000 $47,000 $106,000
2017 $1,633 $131,000 $40,000 $91,000
2016 $1,450 $114,000 $42,000 $72,000
2015 $1,346 $109,000 $42,000 $67,000
2014 -- $105,000 $42,000 $63,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6506963

NorthstarMLS

APN: 28-028-24-14-0063

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