NOT LISTED FOR SALE

7240 Garfield Ave Richfield, MN 55423

Estimated Value: $302,000 - $344,000

2 Beds
1 Bath
816 Sq Ft
$386/Sq Ft Est. Value

About This Home

This home is located at 7240 Garfield Ave, Richfield, MN 55423 and is currently estimated at $314,992, approximately $386 per square foot. 7240 Garfield Ave is a home located in Hennepin County with nearby schools including Sheridan Hills Elementary School, Richfield Middle School, and Seven Hills Prep Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2015
Sold by
Mcmahon Linda L
Bought by
Riemer Miichael John
Current Estimated Value
$313,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,389
Outstanding Balance
$135,754
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$172,552
Source: Public Records

Range of Values:

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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Riemer Miichael John $175,570 Home Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riemer Miichael John $172,389
Source: Public Records

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 $3,716 $278,900 $130,500 $148,400
2022 $3,010 $273,000 $126,000 $147,000
2021 $2,925 $226,000 $101,000 $125,000
2020 $2,768 $218,000 $102,000 $116,000
2019 $2,784 $200,000 $99,000 $101,000
2018 $2,508 $197,000 $98,000 $99,000
2017 $1,878 $146,000 $78,000 $68,000
2016 $1,975 $144,000 $79,000 $65,000
2015 $1,830 $137,000 $72,000 $65,000
2014 -- $113,000 $57,000 $56,000
Source: Public Records

Map

Minnesota Hennepin County Richfield 55423

7240 Garfield Ave, Richfield, MN

This home is located at 7240 Garfield Ave, Richfield, MN 55423 and is currently estimated at $314,992, approximately $386 per square foot. 7240 Garfield Ave is a home located in Hennepin County with nearby schools including Sheridan Hills Elementary School, Richfield Middle School, and Seven Hills Prep Academy.

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.

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