NOT LISTED FOR SALE

7041 Garfield Ave Richfield, MN 55423

Estimated Value: $327,000 - $372,000

3 Beds
2 Baths
1,454 Sq Ft
$243/Sq Ft Est. Value

About This Home

As of July 2023

LEASING SPECIAL! Apply and Move In by 6/30/2023 for the reduced Monthly Rent of $2,400.00 if move in after 6/30/2023 rent will increase to $2,500.00!



This darling 3 bed, 2 bath home is located on a quiet, tree-lined Richfield street, and is SURE to impress as you pull into the drive. A large bay window in the front living room allows for plenty of daylight, while a more private paneled family room/sunroom off the back allows for your own little piece of serenity. Other notable features include an updated kitchen with stainless steel appliances, bonus room in the upper level, detached 1 car garage, and large fenced in yard with playset, private patio, and gardens! Located near 35W, blocks from Wood Lake Nature Center.

Last Agent to Rent the Property

Samantha Johnson

Bridge Homes Listed on: 07/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,419

Year Built

  • Built in 1948

Lot Details

  • 6,534

Parking

  • 1 Car Garage

Interior Spaces

  • 1.5-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Lot Dimensions are 128 x 50
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Augsburg Park Subdivision

Listing and Financial Details

  • Property Available on 7/1/23
  • Assessor Parcel Number 3402824220012

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,419

Year Built

Built in 1948

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Term: 12 Months
  • Available Date: 2023-07-01
  • Lease Price: 2250.0000
  • ApplicationFee: 50.0000
  • SecurityDeposit: 2250.0000
  • SmokingPermitted: No

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 1028
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 30 x 22
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Living Area: 1454
  • Fireplace: No
  • Below Grade Finished Sq Ft: 426
  • Basement YN: Yes
  • SqFtTotal: 1679.00

Beds/Baths

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

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 128 x 50
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Assessor Parcel Number: 3402824220012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Bridge Sfr Iv Borrower I Llc
Bought by
Bridge Sfr Iv Borrower 3 Llc
Current Estimated Value
$353,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,506,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2022
Sold by
Zillow Homes Property Trust
Bought by
Bridge Sfr Iv Borrower I Llc

Purchase Details

Closed on
Nov 10, 2021
Sold by
Lee Soreen and Lee Dong
Bought by
Zillow Homes Property Trust

Purchase Details

Closed on
Jul 28, 2016
Sold by
Martinek Jason and Martinek Sandra
Bought by
Cyphers Soreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2006
Sold by
Helms Richard D
Bought by
Martinek Jason and Martinek Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,120
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 10, 2004
Sold by
Spear Caleb I
Bought by
Helms Richard D and Helms Nicole L

Purchase Details

Closed on
Oct 25, 2001
Sold by
Kierski Harriet V
Bought by
Spear Caleb I
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Bridge Sfr Iv Borrower 3 Llc $500 --
Bridge Sfr Iv Borrower I Llc $316,100 First Financial Title
Zillow Homes Property Trust $324,300 None Available
Cyphers Soreen $215,000 Edina Realty Title Inc
Martinek Jason $218,900 --
Helms Richard D $199,900 --
Spear Caleb I $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mnsf Ii Wl Llc $407,506,000
Previous Owner Cyphers Soreen $193,500
Previous Owner Martinek Jason $176,025
Previous Owner Martinek Jason $175,120
Previous Owner Martinek Jason $43,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Rented $2,195 -2.4% --
07/08/2023 07/08/23 For Rent $2,250 -- --
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 $4,419 $319,000 $130,500 $188,500
2022 $3,552 $309,000 $126,000 $183,000
2021 $3,457 $261,000 $101,000 $160,000
2020 $3,358 $252,000 $102,000 $150,000
2019 $3,354 $236,000 $99,000 $137,000
2018 $3,045 $231,000 $98,000 $133,000
2017 $2,370 $176,000 $78,000 $98,000
2016 $2,483 $173,000 $79,000 $94,000
2015 $2,296 $164,000 $72,000 $92,000
2014 -- $135,000 $57,000 $78,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6397910

NorthstarMLS

APN: 34-028-24-22-0012