NOT LISTED FOR SALE

7240 1st Ave S Richfield, MN 55423

Estimated Value: $363,835 - $429,000

5 Beds
2 Baths
1,628 Sq Ft
$238/Sq Ft Est. Value

About This Home

This home is located at 7240 1st Ave S, Richfield, MN 55423 and is currently estimated at $387,709, approximately $238 per square foot. 7240 1st Ave S is a home located in Hennepin County with nearby schools including Centennial Elementary School, Richfield Middle School, and Partnership Academy Inc..

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
Patel Niel Sunil
Bought by
Niel Sunil Patel Living Trust
Current Estimated Value
$387,709

Purchase Details

Closed on
May 18, 2021
Sold by
Star Management Llc
Bought by
Patel Niel Sunil and Patel Urmila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2007
Sold by
Benyshek Debra
Bought by
Hueller Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,150
Interest Rate
6.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Niel Sunil Patel Living Trust $500 --
Patel Niel Sunk $3,000 --
Patel Niel Sunil $335,000 All American Title Company
Hueller Katherine $233,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Niel Sunil $268,000
Previous Owner Hueller Katherine $210,150
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
2024 $5,000 $348,400 $98,100 $250,300
2023 $4,948 $356,500 $104,400 $252,100
2022 $3,600 $347,000 $108,000 $239,000
2021 $3,583 $256,000 $99,000 $157,000
2020 $3,581 $245,000 $93,000 $152,000
2019 $3,285 $234,000 $92,000 $142,000
2018 $3,129 $225,000 $87,000 $138,000
2017 $2,613 $189,000 $72,000 $117,000
2016 $2,491 $172,000 $65,000 $107,000
2015 $2,356 $166,000 $59,000 $107,000
2014 -- $141,000 $51,000 $90,000
Source: Public Records

Map

Minnesota Hennepin County Richfield 55423

7240 1st Ave S, Richfield, MN

Not Listed for Sale

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