NOT LISTED FOR SALE

7225 2nd Ave S Richfield, MN 55423

Estimated Value: $409,952 - $461,000

3 Beds
2.5 Baths
2,547 Sq Ft
$170/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $147,500 $58 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $2,878/month

20 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Woodwork
  • Wood Flooring
  • Porch
  • Home Security System

About This Home

As of August 2014

High demand rambler with main level hardwood floors, large master bedroom, 2 car garage, lower level entry, huge living room, great curb appeal. Must see.

Last Agent to Sell the Property

Ryan Boyer

RE/MAX Results Listed on: 07/23/2014

Last Buyer's Agent

Shane Johnson

NetWorth Realty of Minnesota

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,751

Year Built

  • Built in 1965

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x127
  • Property fronts a private road
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Combination Dining and Living Room
  • Wood Flooring
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Storage Shed
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 3402824130154

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,751

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Hardwood Floors, Natural Woodwork, Security System, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Porch
  • Estimated Number of Acres: 0.15
  • Construction: Previously Owned
  • Foundation Size: 1867
  • Parcel Number: 3402824130154
  • Projected Closed Date: 08/21/2014
  • Stories: 1 Story
  • Taxes With Assessments: 2751
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Living Room, Informal Dining Room
  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor 1/2 Bath, Main Floor Full Bath
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 27x14, On Level: Main
  • Room 2: Dining Room, 9x10, On Level: Main
  • Room 3: Family Room, 13x19, On Level: Lower
  • Room 4: Kitchen, 8x9, On Level: Main
  • Room 5: Bedroom, 10x10, On Level: Main
  • Room 6: Bedroom, 9x12, On Level: Main
  • Room 7: 12x15, On Level: Main
  • Room 9: Other, 10x11, On Level: Lower
  • Room 10: Den/Office, 11x6, On Level: Lower
  • Room 11: Rec Room, 12x8, On Level: Lower
  • Room 12: Laundry Room, 8x9, On Level: Lower
  • Room 13: Den/Office, 12x12, On Level: Main
  • Basement Features: Walkout
  • Basement Style: Walk-out
  • Finished Above Grade Sq Ft: 1867
  • Below Grade Finished Sq Ft: 680
  • Total Fin Square Footage: 2547

Exterior Features

  • Frontage Road: Private
  • Exterior: Fiber Board
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Cooling: Wall
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Richfield #280

Lot Info

  • Estimated Lot Dimensions: 50x127
  • Lot/Land Description: Tree Coverage - Medium

Building Info

  • Year Built: 1965

Tax Info

  • Year: 2013
  • Tax Value: 2751

MLS Schools

  • School District: Richfield #280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2016
Sold by
Equity Trust Company
Bought by
Watkins Mary F and Watkins James E
Total Days on Market
20
Current Estimated Value
$434,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,513
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 23, 2014
Closed on
Aug 18, 2014
Seller's Agent
Ryan Boyer
RE/MAX Results
Buyer's Agent
Shane Johnson
NetWorth Realty of Minnesota
List Price
$172,900
Sold Price
$147,500
Premium/Discount to List
-$25,400
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$55,000
Interest Rate
4.11%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 23, 2014
Closed on
Aug 15, 2014
Sold by
Twin Cities Equity Llc
Bought by
Equity Trust Company and Holm Susan
Seller's Agent
Ryan Boyer
RE/MAX Results
Buyer's Agent
Shane Johnson
NetWorth Realty of Minnesota
List Price
$172,900
Sold Price
$147,500
Premium/Discount to List
-$25,400
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.11%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 23, 2014
Closed on
Aug 14, 2014
Sold by
Schwartz Craig A
Bought by
Twin Cities Equity Llc
Seller's Agent
Ryan Boyer
RE/MAX Results
Buyer's Agent
Shane Johnson
NetWorth Realty of Minnesota
List Price
$172,900
Sold Price
$147,500
Premium/Discount to List
-$25,400
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.11%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Watkins Mary F $296,900 Titlesmart Inc
-- $155,100 --
Equity Trust Company $155,129 Titlesmart Inc
Twin Cities Equity Llc $147,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins Mary F $315,000
Closed Watkins Mary F $269,534
Closed Watkins Mary F $291,513
Previous Owner Equity Trust Company $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $147,500 -14.7% $58 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $172,900 -- $68 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $5,275 $380,400 $104,400 $276,000
2022 $4,600 $375,000 $108,000 $267,000
2021 $4,504 $326,000 $99,000 $227,000
2020 $4,599 $316,000 $93,000 $223,000
2019 $4,554 $309,000 $92,000 $217,000
2018 $4,341 $300,000 $87,000 $213,000
2017 $3,476 $241,000 $72,000 $169,000
2016 $3,157 $193,000 $65,000 $128,000
2015 $2,705 $186,000 $59,000 $127,000
2014 -- $161,000 $51,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ryan Boyer

    RE/MAX

  • S

    Buyer's Agent in 2014

    Shane Johnson

    NetWorth Realty of Minnesota

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4651320

REALTOR® Association of Southern Minnesota

APN: 34-028-24-13-0154

Minnesota Hennepin County Richfield 55423

7225 2nd Ave S, Richfield, MN

This home is located at 7225 2nd Ave S, Richfield, MN 55423 since 23 July 2014 and is currently estimated at $434,238, approximately $170 per square foot. This property was built in 1965. 7225 2nd Ave S is a home located in Hennepin County with nearby schools including Centennial Elementary School, Richfield Middle School, and Partnership Academy Inc..

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