NOT LISTED FOR SALE

7044 16th Ave S Richfield, MN 55423

Estimated Value: $371,000 - $425,485

3 Beds
2 Baths
1,885 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $410,000 $218 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,481/month

Highlights

  • 2 Fireplaces
  • The kitchen features windows
  • 1-Story Property
  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

This is a must-see property, beautifully updated with a Cozy feel, and modern design touches, and filled with all-natural light! Brand new kitchen cabinets with Quarts countertops, and Smart S.S appliances. Refinished hardwood floors and updated bathrooms.

Last Listed By

Khamdamov Zafar

Zafar Khamdamov Listed on: 01/09/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,319

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 132x59x132x59

Parking

  • 2 Car Garage

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Living Room
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Engberg Walden 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3502824110067

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,319

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1956
  • Above Grade Finished Sq Ft: 1073
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 30x36
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1885
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 812
  • Basement YN: Yes
  • Dining Room Type: Living Room
  • SqFtTotal: 1885.00

Beds/Baths

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

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 361

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,In-Ground Sprinkler

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 132x59x132x59
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick Veneer, Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3502824110067
  • Tax Annual Amount: 3319
  • TaxWithAssessments: 3319.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
Mar 17, 2023
Sold by
Sogdiana Llc
Bought by
Jones Rachael Marie
Seller's Agent
Khamdamov Zafar
Zafar Khamdamov
Buyer's Agent
Ryan Blanchard
Real Broker, LLC
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Total Days on Market
0
Views
38
Current Estimated Value
$388,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,379
Avg. Annual Appreciation
-2.28%
Original Mortgage
$369,000
Outstanding Balance
$359,809
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$30,523

Purchase Details

Listed on
Aug 18, 2022
Closed on
Oct 14, 2022
Sold by
Alvarez Orlando and Alvarez Lilia Dominguez
Bought by
Sogdiana Llc
Seller's Agent
Yanet Diaz-Ortiz
Keller Williams Integrity Realty
Buyer's Agent
Khamdamov Zafar
Zafar Khamdamov
List Price
$329,900
Sold Price
$329,000
Premium/Discount to List
-$900
-0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.88%
Original Mortgage
$312,600
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 7, 2018
Sold by
Wood Faith C
Bought by
Alvarez Orlando
Seller's Agent
Michael DeLong
Bridge Realty, LLC
List Price
$229,900
Sold Price
$241,000
Premium/Discount to List
$11,100
4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$233,770
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 1996
Sold by
Olson Virginia A
Bought by
Wood William A and Wood Faith C

Range of Values:

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Average Value
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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
Jones Rachael Marie $410,000 Executive Title
Sogdiana Llc $329,000 --
Alvarez Orlando $241,000 Trademark Title Svcs Inc
Wood Patrick -- Trademark Title Svcs Inc
Wood William A $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Rachael Marie $369,000
Previous Owner Sogdiana Llc $312,600
Previous Owner Alvarez Orlando $236,250
Previous Owner Alvarez Orlando $233,770
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $410,000 -2.4% $218 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
12/24/2022 12/24/22 For Sale $420,000 +27.7% $223 / Sq Ft
10/14/2022 10/14/22 Sold $329,000 -0.3% $175 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $329,900 +0.3% $175 / Sq Ft
09/03/2022 09/03/22 Off Market $329,000 -- --
08/09/2022 08/09/22 For Sale $329,900 +36.9% $175 / Sq Ft
08/07/2018 08/07/18 Sold $241,000 +4.8% $225 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $229,900 -- $214 / 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 $3,796 $284,300 $106,200 $178,100
2022 $3,319 $276,000 $101,000 $175,000
2021 $3,159 $246,000 $93,000 $153,000
2020 $3,227 $233,000 $85,000 $148,000
2019 $2,951 $228,000 $86,000 $142,000
2018 $2,866 $207,000 $75,000 $132,000
2017 $2,468 $182,000 $63,000 $119,000
2016 $2,378 $167,000 $59,000 $108,000
2015 $2,228 $160,000 $52,000 $108,000
2014 -- $145,000 $50,000 $95,000
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6318804

NorthstarMLS

APN: 35-028-24-11-0067