NOT LISTED FOR SALE

7420 16th Ave S Richfield, MN 55423

Estimated Value: $385,000 - $408,000

4 Beds
1 Bath
1,582 Sq Ft
$252/Sq Ft Est. Value

About This Home

This home is located at 7420 16th Ave S, Richfield, MN 55423 and is currently estimated at $397,876, approximately $251 per square foot. 7420 16th Ave S is a home located in Hennepin County with nearby schools including Centennial Elementary School, Richfield Middle School, and Horizon Science Academy Twin Cities.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Knack Spencer and Knack Madison S
Bought by
Knack Spencer S and Knack Madison S
Current Estimated Value
$405,979

Purchase Details

Closed on
May 24, 2022
Sold by
Litwinczuk Stefan and Litwinczuk Joliene
Bought by
Knack Spencer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2022
Sold by
Litwinczuk and Joliene
Bought by
Knack Spencer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2016
Sold by
Rayman Rebecca A and Rayman Scott G
Bought by
Litwinczuk Joliene and Litwinczuk Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,196
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 2005
Sold by
Rayman George H and Rayman Velna M
Bought by
Rayman Scott G and Rayman Rebecca A
Source: Public Records

Range of Values:

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

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ICE

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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
Knack Spencer S $500 None Listed On Document
Knack Spencer $417,000 --
Knack Spencer $417,000 Minnesota Title
Litwinczuk Joliene $210,000 Minnesota Title
Rayman Scott G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knack Spencer $217,000
Previous Owner Knack Spencer $217,000
Previous Owner Litwinczuk Joliene $206,196
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 $5,437 $384,900 $128,300 $256,600
2023 $5,163 $375,700 $112,100 $263,600
2022 $3,597 $293,000 $106,000 $187,000
2021 $3,395 $264,000 $98,000 $166,000
2020 $3,358 $248,000 $89,000 $159,000
2019 $3,320 $236,000 $91,000 $145,000
2018 $3,098 $229,000 $79,000 $150,000
2017 $2,617 $191,000 $67,000 $124,000
2016 $2,536 $176,000 $62,000 $114,000
2015 $2,383 $169,000 $55,000 $114,000
2014 -- $153,000 $53,000 $100,000
Source: Public Records

Map

Minnesota Hennepin County Richfield 55423

7420 16th Ave S, 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.

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