1020 Rae Dr Unit 7 Richfield, MN 55423
Estimated Value: $214,000 - $226,000
2
Beds
1
Bath
1,062
Sq Ft
$207/Sq Ft
Est. Value
Highlights
- Lake Front
- 255,218 Sq Ft lot
- Main Floor Primary Bedroom
- Beach Access
- Deck
- Zero Lot Line
About This Home
As of July 2022Exceptional corner unit with stunning panoramic view of Lake Richfield! Rarely do these lakefront villas come to market! Bright and freshly painted, plus ceilings are newly "knock down" so, no popcorn!! Newer appliances and flooring. Two new ceiling fans, under cabinet lighting, LED lights everywhere and brand-new roof! Enjoy viewing wildlife year-round on a stroll around Richfield Lake or nearby Wood Lake Nature Center, or view from your cozy deck in the summer and fireside in the winter! Super convenient to shopping, restaurants, freeways, and the airport!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,573
Year Built
- Built in 1980
Lot Details
- 5.86 Acre Lot
- Lake Front
- Zero Lot Line
HOA Fees
- $307 Monthly HOA Fees
Parking
- 1 Car Garage
- Garage Door Opener
Home Design
- Property Attached
Interior Spaces
- 1,062 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Lake Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Beach Access
- Shared Waterfront
- Deck
Utilities
- Baseboard Heating
- 100 Amp Service
Community Details
- Association fees include maintenance structure, hazard insurance, lawn care, professional mgmt, trash, snow removal, water
- New Concepts Association, Phone Number (952) 922-2500
- Condo 0210 Wood Lake Village Subdivision
Listing and Financial Details
- Assessor Parcel Number 2802824140068
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2022
Closed on
Aug 2, 2022
Sold by
Eileen Morgan Susan
Bought by
Scott Linda A
Seller's Agent
Sapa Carlson
Counselor Realty, Inc
Buyer's Agent
AmyMichielle Freeman
Edina Realty, Inc.
List Price
$215,000
Sold Price
$241,000
Premium/Discount to List
$26,000
12.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,131
Avg. Annual Appreciation
-3.67%
Original Mortgage
$161,000
Outstanding Balance
$153,286
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$62,790
Purchase Details
Listed on
Jun 16, 2022
Closed on
Jul 20, 2022
Sold by
Scott Linda A
Bought by
Kigelman Daniil Grigoryevich
Seller's Agent
Sapa Carlson
Counselor Realty, Inc
Buyer's Agent
AmyMichielle Freeman
Edina Realty, Inc.
List Price
$215,000
Sold Price
$241,000
Premium/Discount to List
$26,000
12.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Outstanding Balance
$153,286
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$62,790
Purchase Details
Closed on
Nov 14, 2019
Sold by
Weber Mera and Hagg Properties Llc
Bought by
Scott Linda A and Morgan Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 12, 2013
Sold by
Walstrom Nancy K
Bought by
Haag Properties Llc
Purchase Details
Closed on
Jul 19, 2002
Sold by
Percival Ann M
Bought by
Walstrom Nancy K
Purchase Details
Closed on
Sep 29, 2000
Sold by
Stack Anne P
Bought by
Percival Ann M
Similar Home in Richfield, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Scott Linda A | -- | -- | |
| Kigelman Daniil Grigoryevich | $241,000 | None Listed On Document | |
| Scott Linda A | $180,000 | Titlesmart Inc | |
| Weber Mera | -- | None Available | |
| Haag Properties Llc | $99,485 | Homestead Title Inc | |
| Walstrom Nancy K | $146,600 | -- | |
| Percival Ann M | $122,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kigelman Daniil Grigoryevich | $161,000 | |
| Previous Owner | Scott Linda A | $144,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2022 07/21/22 | Sold | $241,000 | +12.1% | $227 / Sq Ft |
| 06/20/2022 06/20/22 | Pending | -- | -- | -- |
| 06/16/2022 06/16/22 | For Sale | $215,000 | -- | $202 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $2,649 | $207,600 | $48,000 | $159,600 |
| 2022 | $2,573 | $203,000 | $48,000 | $155,000 |
| 2021 | $2,086 | $180,000 | $48,000 | $132,000 |
| 2020 | $2,137 | $144,000 | $48,000 | $96,000 |
| 2019 | $1,984 | $141,000 | $46,000 | $95,000 |
| 2018 | $1,805 | $128,000 | $39,000 | $89,000 |
| 2017 | $1,652 | $109,000 | $33,000 | $76,000 |
| 2016 | $1,522 | $94,000 | $35,000 | $59,000 |
| 2015 | $1,454 | $91,000 | $35,000 | $56,000 |
| 2014 | -- | $85,000 | $35,000 | $50,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sapa Carlson
Seller's Agent in 2022
Sapa Carlson
Sally Bowman Real Estate
(612) 306-1050
2 in this area
37 Total Sales
-
AmyMichielle Freeman
Buyer's Agent in 2022
AmyMichielle Freeman
Edina Realty, Inc.
(612) 578-2588
3 in this area
98 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6220906
APN: 28-028-24-14-0068
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