NOT LISTED FOR SALE

7244 16th Ave S Richfield, MN 55423

Estimated Value: $378,000 - $422,001

4 Beds
2 Baths
2,014 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $393,000 $195 Per Sq Ft

Current estimated payment $2,551/month

17 Days on Market

Highlights

  • Corner Lot
  • Stainless Steel Appliances
  • 2 Car Attached Garage
  • No HOA
  • Porch
  • Eat-In Kitchen

About This Home

As of August 2023

4 Bedroom, 2 Bath Rambler with many updates, Eat-in kitchen has granite countertops and stainless-steel appliances and a pantry. Updated bathrooms, hardwood floors and newer carpet in the basement. Extra room in the basement for a home office/den or a 5th bedroom with the addition of an egress window. The basement laundry room is very clean and well-lit with lots of extra storage. Large, attached by a 3-season porch, garage with lots of storage (new concrete in driveway). Short driveway for easy snow removal. Large, fenced back yard with large private patio and a fenced area for your pet. Newer windows, siding, a/c and enclosed dumpster storage. Located in a nice, centrally located neighborhood of Richfield. Easy, quick access to all the area amenities including the MOA, airport, Veterans Park, Lake Nokomis Park and the 5-8 Club.

Last Agent to Sell the Property

Jerry Lindeen

Metro Group Real Estate Listed on: 07/21/2023

Last Buyer's Agent

Elliot Vreeland

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,969

Year Built

  • Built in 1957

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 58x133
  • Property is Fully Fenced
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Elder Grove 3Rd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3502824140057

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,969

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Year Built: 1957
  • Above Grade Finished Sq Ft: 1214
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Full
  • Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Living Area: 2014
  • Fireplace: No
  • Below Grade Finished Sq Ft: 800
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Three Season Porch, Laundry, Storage
  • SqFtTotal: 2014.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: Full, Wood
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Patio,Rear Porch,Side Porch

Garage/Parking

  • Parking Features: Attached Garage, Concrete
  • Garage Square Feet: 300

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Richfield
  • SchoolDistrictNumber: 280
  • SchoolDistrictPhone: 612-798-6010

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 58x133
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3502824140057
  • Tax Annual Amount: 3969
  • TaxWithAssessments: 3969.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 21, 2023
Sold by
Kvamme Sandra L
Bought by
Fritzke Kimberly
Seller's Agent
Jerry Lindeen
Metro Group Real Estate
Buyer's Agent
Elliot Vreeland
Coldwell Banker Realty
List Price
$409,900
Sold Price
$393,000
Premium/Discount to List
-$16,900
-4.12%
Views
84
Current Estimated Value
$391,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,937
Avg. Annual Appreciation
-0.49%
Original Mortgage
$200,000
Outstanding Balance
$196,596
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$192,679

Purchase Details

Listed on
Jul 12, 2013
Closed on
Aug 22, 2013
Sold by
Jmw Investments Llc
Bought by
Kvamme Sandra K
Seller's Agent
James Waters
James M. Waters
Buyer's Agent
Chris Johnson
Coldwell Banker Burnet
List Price
$198,865
Sold Price
$198,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$195,262
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 12, 2013
Closed on
Jul 26, 2013
Sold by
Wells Fargo Bank National Association
Bought by
Jmw Investments Llc
Seller's Agent
James Waters
James M. Waters
Buyer's Agent
Chris Johnson
Coldwell Banker Burnet
List Price
$198,865
Sold Price
$198,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,262
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 2013
Sold by
Wells Fargo Bank National Association
Bought by
Jmw Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
3.49%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 11, 2012
Sold by
Khamvongsa Lavanh S
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Aug 4, 1997
Sold by
Ambalathunkal Abraham J and Ambalathunkal Jolly A
Bought by
Khamvongsa Lavanh S and Vilaysack Outhalvanh
Source: Public Records

Range of Values:

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Average Value
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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
Fritzke Kimberly $393,000 Legacy Title
Kvamme Sandra K $198,864 Midland Title
Jmw Investments Llc -- Midland Title
Jmw Investments Llc -- Midland Title
Wells Fargo Bank National Association $196,195 --
Wells Fargo Bank Na $196,194 None Available
Khamvongsa Lavanh S $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fritzke Kimberly $200,000
Previous Owner Kvamme Sandra L $191,500
Previous Owner Kavamme Sandra L $191,485
Previous Owner Kvamme Sandra K $195,262
Previous Owner Jmw Investments Llc $138,000
Previous Owner Khamvongsa Lavanh S $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2023 08/21/23 Sold $393,000 -1.7% $195 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $399,900 -2.4% $199 / Sq Ft
07/21/2023 07/21/23 For Sale $409,900 +106.1% $204 / Sq Ft
08/22/2013 08/22/13 Sold $198,865 0.0% $99 / Sq Ft
07/24/2013 07/24/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $198,865 -- $99 / Sq Ft
Source: NorthstarMLS

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 $4,687 $343,900 $106,200 $237,700
2022 $3,969 $330,000 $101,000 $229,000
2021 $3,786 $288,000 $93,000 $195,000
2020 $3,947 $273,000 $85,000 $188,000
2019 $3,688 $272,000 $86,000 $186,000
2018 $3,473 $251,000 $75,000 $176,000
2017 $2,977 $213,000 $63,000 $150,000
2016 $2,868 $195,000 $59,000 $136,000
2015 $2,711 $188,000 $52,000 $136,000
2014 -- $146,000 $50,000 $96,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6404272

NorthstarMLS

APN: 35-028-24-14-0057