Seller's Agent in 2025
Christopher Bailey
eXp Realty
(320) 500-4397
1 in this area
5 Total Sales
7128 3rd Ave S Richfield, MN 55423
4
Beds
3
Baths
2,508
Sq Ft
6,534
Sq Ft Lot
Highlights
- 1 Fireplace
- Living Room
- Laundry Room
- No HOA
- Recessed Lighting
- Storage Room
About This Home
As of October 2025Welcome home! Not a flip. Seller is son of original owners who remodeled it while he lived there for 10 years. Beautifully and thoughtfully updated 4 bedroom, 3 bathroom home with an oversized 2 car garage in the heart of Richfield within walking distance of the High School, Community Center, shopping and dining. Minutes from 494, Crosstown Freeway, 35W, and MSP International airport. New roof on house, garage and shed 09-24. New interior paint 01-25. Installed egress window in 4th bedroom 10-24. Refinished existing hardwood floors on upper level. All remaining flooring in home is new. Updated kitchen. Main level floor plan opened up by removing original walls separating living room and kitchen. Recessed light fixtures throughout. New deck off back of house. Corporate level WiFi connected to Quantum Fiber internet service cable buried in yard. Ezlo smart home with following remotely controlled via smart phone app; 4 electronic door locks, thermostat, multiple lights, 3 external cameras, 1 internal camera. 3 wall mounted TV’s included in sale. Central vacuum system. HVAC equipment recently inspected and certified as in good working condition by Bonfe.
Last Agent to Sell the Property
eXp Realty Brokerage Phone: 612-229-2296 Listed on: 09/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,264
Year Built
- Built in 1965
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 128x60
Parking
- 2 Car Garage
Interior Spaces
- 1-Story Property
- Recessed Lighting
- 1 Fireplace
- Family Room
- Living Room
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Wooddale 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 3402824120117
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2025
Closed on
Oct 30, 2025
Sold by
Hoyer Edward C
Bought by
Schlatter Nathan T and Schlatter Elizabeth G
Seller's Agent
Christopher Bailey
eXp Realty
Buyer's Agent
Brad Olson
Edina Realty, Inc.
List Price
$414,900
Sold Price
$417,500
Premium/Discount to List
$2,600
0.63%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.69%
Original Mortgage
$369,500
Outstanding Balance
$369,500
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$48,607
Purchase Details
Closed on
Aug 25, 2025
Sold by
Hoyer Charles G and Hoyer Sandra E
Bought by
Hoyer Edward C
Purchase Details
Closed on
Jun 14, 2019
Sold by
Hoyer Charles G and Hoyer Sandra E
Bought by
Hoyer Charles G and Hoyer Sandra E
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $417,500 | Gibraltar Title | |
| Quit Claim Deed | $500 | None Listed On Document | |
| Quit Claim Deed | $500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $369,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | Sold | $417,500 | +0.6% | $166 / Sq Ft |
| 10/09/2025 10/09/25 | Pending | -- | -- | -- |
| 09/24/2025 09/24/25 | For Sale | $414,900 | -- | $165 / 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 |
|---|---|---|---|---|
| 2024 | $4,264 | $307,900 | $98,100 | $209,800 |
| 2023 | $4,240 | $311,700 | $104,400 | $207,300 |
| 2022 | $3,866 | $313,000 | $108,000 | $205,000 |
| 2021 | $3,745 | $279,000 | $99,000 | $180,000 |
| 2020 | $3,820 | $268,000 | $93,000 | $175,000 |
| 2019 | $3,809 | $262,000 | $92,000 | $170,000 |
| 2018 | $3,744 | $256,000 | $87,000 | $169,000 |
| 2017 | $3,176 | $223,000 | $72,000 | $151,000 |
| 2016 | $2,988 | $200,000 | $65,000 | $135,000 |
| 2015 | $2,845 | $194,000 | $59,000 | $135,000 |
| 2014 | -- | $169,000 | $51,000 | $118,000 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Bailey
-
Brad Olson
Buyer's Agent in 2025
Brad Olson
Edina Realty, Inc.
(612) 590-6338
4 in this area
100 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6794434
APN: 34-028-24-12-0117
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