NOT LISTED FOR SALE

7221 Park Ave Richfield, MN 55423

Richfield Area

Estimated Value: $326,000 - $350,000

3 Beds
2 Baths
1,496 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2025

Last sale price $330,000 $221 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,204 / mo

10 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 1 Car Detached Garage
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of December 2025

Solid Three bedroom mid-century rambler in quiet residential neighborhood. Original hardwood flors throughout. Great lower level family/entertainment space plus beautiful new 3/4 bath. Professionally landscaped; expansive yard, newer roof and freshly painted interior! Potential for additional bedroom in lower level. Fenced back yard; giant lot! A full 1/4 Acre

Last Agent to Sell the Property

Carson Brooks

Lakes Area Realty Listed on: 11/07/2025

Lakes Area Realty

Co-Listed By

Jenna Marier

Lakes Area Realty

Last Buyer's Agent

Katherine Bean

Keller Williams Realty Integrity Lakes

Keller Williams Realty Integrity Lakes

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,821

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 75 x 133
  • Property is Fully Fenced
  • Wood Fence
  • Few Trees

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1-Story Property
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

  • Drainage System
  • Sump Pump
  • Drain
  • Laundry in Basement
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Henry Thernell Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3502824230085

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,821

Year Built

Built in 1954

Lot Details

10,019 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 986
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Drain Tiled, Drainage System, Partially Finished, Sump Pump, Tile Shower
  • Appliances: Range, Refrigerator
  • Living Area: 1496
  • Fireplace: No
  • Below Grade Finished Sq Ft: 510
  • Basement YN: Yes

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
  • Fencing: Full, Wood

Garage/Parking

  • Parking Features: Detached Garage, Asphalt

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Basement, Electric Dryer Hookup, Washer Hookup
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Richfield
  • SchoolDistrictPhone: 6127986010

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 75 x 133
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3502824230085
  • Tax Annual Amount: 3821
  • TaxWithAssessments: 3821

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
Nov 7, 2025
Closed on
Dec 1, 2025
Sold by
James C Peterson Trust and Peterson Ryan J
Bought by
Seller's Agent
Carson Brooks
Lakes Area Realty
Buyer's Agent
Katherine Bean
Keller Williams Realty Integrity Lakes
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Views
23
Current Estimated Value
$337,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,919
Avg. Annual Appreciation
3.35%
Original Mortgage
$195,000
Outstanding Balance
$193,664
Interest Rate
6.17%
Mortgage Type
New Conventional
Estimated Equity
$144,255
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Richfield, MN

  • Ryan Mann Real Estate Agent - Coldwell Banker Realty

    Ryan Mann

    Coldwell Banker Realty

    (612) 255-1656

    148 Total Sales

    1 in Richfield

    $200,000 Price

    Ryan Mann
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  • Jessica Thue Real Estate Agent - Edina Realty, Inc.

    Jessica Thue

    Edina Realty, Inc.

    (952) 856-8616

    78 Total Sales

    1 in Richfield

    $333,500 Price

    Jessica Thue
     Section Image
  • David Widell Real Estate Agent - RE/MAX Advantage Plus

    David Widell

    RE/MAX Advantage Plus

    (952) 900-3098

    180 Total Sales

    1 in Richfield

    $504,358 Price

    David Widell
     Section Image
  • Benjamin Mattson Real Estate Agent - Keller Williams Realty Integrity Lakes

    Benjamin Mattson

    Keller Williams Realty Integrity Lakes

    (612) 429-3932

    199 Total Sales

    2 in Richfield

    $400K - $436K Price Range

    Benjamin Mattson
     Section Image
  • Kristopher Jacobsen Real Estate Agent - Eos Realty, LLC

    Kristopher Jacobsen

    Eos Realty, LLC

    (612) 294-9681

    122 Total Sales

    2 in Richfield

    $303K - $331K Price Range

    Kristopher Jacobsen
     Section Image
  • Krista Wolter Real Estate Agent - Coldwell Banker Realty

    Krista Wolter

    Coldwell Banker Realty

    (612) 712-5896

    470 Total Sales

    2 in Richfield

    $318K - $442K Price Range

    Krista Wolter
     Section Image
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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
$330,000 Great North Title
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 $195,000
Previous Owner Peterson James C $50,000
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
12/05/2025 12/05/25 Sold $330,000 +1.5% $221 / Sq Ft
11/17/2025 11/17/25 Pending -- -- --
11/07/2025 11/07/25 For Sale $325,000 -- $217 / 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
2025 $4,189 $297,600 $131,000 $166,600
2024 $3,821 $279,900 $115,000 $164,900
2023 $3,734 $278,100 $119,000 $159,100
2022 $3,351 $265,000 $115,000 $150,000
2021 $3,080 $246,000 $117,000 $129,000
2020 $3,292 $226,000 $101,000 $125,000
2019 $2,981 $230,000 $104,000 $126,000
2018 $2,840 $207,000 $92,000 $115,000
2017 $2,380 $175,000 $69,000 $106,000
2016 $2,368 $165,000 $70,000 $95,000
2015 $2,234 $159,000 $64,000 $95,000
2014 -- $148,000 $64,000 $84,000
Source: Public Records

Agents Affiliated with this Home

  • Carson Brooks Real Estate Agent - Lakes Area Realty

    Seller's Agent in 2025

    Carson Brooks

    Lakes Area Realty

    (612) 238-1099

    47 Total Sales

    Carson Brooks
    Section Image
  • Jenna Marier Real Estate Agent - Lakes Area Realty

    Seller Co-Listing Agent in 2025

    Jenna Marier

    Lakes Area Realty

    (651) 470-3058

    14 Total Sales

    Jenna Marier
    Section Image
  • Katherine Bean Real Estate Agent - Keller Williams Realty Integrity Lakes

    Buyer's Agent in 2025

    Katherine Bean

    Keller Williams Realty Integrity Lakes

    (612) 237-9224

    454 Total Sales

    Katherine Bean
    Section Image

  • MF

    Buyer Co-Listing Agent in 2025

    Madison Fohrenkamm

    Keller Williams Realty Integrity Lakes

    (612) 821-7400

    34 Total Sales

    Madison Fohrenkamm
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6814939

NorthstarMLS

APN: 35-028-24-23-0085

Minnesota Hennepin County Richfield 55423

7221 Park Ave, 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

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