NOT LISTED FOR SALE

7021 Penn Ave S Richfield, MN 55423

Estimated Value: $489,000 - $511,646

3 Beds
3.5 Baths
2,578 Sq Ft
$194/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2025

Last sale price $494,000 $192 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,240 / mo

32 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Home Office
  • 2 Car Attached Garage
  • No HOA
  • Stainless Steel Appliances
  • Walk-In Closet

About This Home

As of July 2025

Immaculately kept, one-owner home in desirable location. The 2-story family room, the main floor master suite and main floor laundry allows for one-level living. Master bathroom and front entryway have in-floor electric heat. Two-car garage is insulated and heated. Lower level provides a large open area with egress window suitable for adding another bedroom. Ample storage throughout home from built-in features to large basement storage area with shelving. A backyard oasis contains a patio with pergola, flowers and plants throughout the entire backyard leading to an oversized shed/workspace with power and heating. Buyer to verify measurements.

Last Agent to Sell the Property

Brett Foss

Senior Life Management Listed on: 05/29/2025

Last Buyer's Agent

Taylor Erickson

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,471

Year Built

  • Built in 1997

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x133.5
  • Wood Fence
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Decorative Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Office

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • R24 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3302824220130

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,471

Year Built

Built in 1997

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1997
  • Above Grade Finished Sq Ft: 1685
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Full, Storage Space, Sump Pump, Tile Shower
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Decorative, Gas, Insert, Living Room
  • Living Area: 2578
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 893
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Walk In Closet, Family Room, Office, Bathroom, Bedroom 2, Bedroom 3, Kitchen, Living Room, Laundry

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • Fencing: Wood
  • Other Structures: Workshop, Storage Shed
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Cable,Ceiling Fan(s),Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x133.5
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3302824220130
  • Tax Annual Amount: 6471
  • TaxWithAssessments: 6471.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2025
Closed on
Jul 21, 2025
Sold by
Bought by
Seller's Agent
Brett Foss
Senior Life Management
Buyer's Agent
Taylor Erickson
Real Broker, LLC
List Price
$499,900
Sold Price
$494,000
Premium/Discount to List
-$5,900
-1.18%
Views
58
Current Estimated Value
$501,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,162
Avg. Annual Appreciation
1.65%
Original Mortgage
$294,000
Outstanding Balance
$293,502
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$207,660

Purchase Details

Closed on
Sep 12, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$494,000 Premier Title
$212,886 --
$26,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2025 07/21/25 Sold $494,000 -1.2% $192 / Sq Ft
06/18/2025 06/18/25 For Sale $499,900 -- $194 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,471 $450,900 $138,600 $312,300
2023 $6,347 $458,200 $139,500 $318,700
2022 $5,159 $442,000 $140,000 $302,000
2021 $4,962 $365,000 $113,000 $252,000
2020 $4,915 $348,000 $105,000 $243,000
2019 $4,861 $331,000 $95,000 $236,000
2018 $4,816 $321,000 $87,000 $234,000
2017 $4,388 $299,000 $85,000 $214,000
2016 $4,286 $276,000 $77,000 $199,000
2015 $4,284 $279,000 $80,000 $199,000
2014 -- $259,000 $76,000 $183,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Brett Foss

    Senior Life Management

    (651) 503-1864

    1 in this area

    12 Total Sales

    Brett Foss
    Section Image

  • T

    Buyer's Agent in 2025

    Taylor Erickson

    Real Broker, LLC

    (651) 261-6073

    1 in this area

    9 Total Sales

    Taylor Erickson
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6728589

NorthstarMLS

APN: 33-028-24-22-0130

Minnesota Hennepin County Richfield 55423

7021 Penn Ave S, Richfield, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS 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. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.