7421 12th Ave S Richfield, MN 55423
3
Beds
1
Bath
1,554
Sq Ft
10,019
Sq Ft Lot
Highlights
- Deck
- Game Room
- The kitchen features windows
- No HOA
- Home Office
- 3-minute walk to Wilson Park
About This Home
As of May 2024Attention investors, rehabbers, handypersons or anyone looking to build instant equity! Quality built 1-level living in prime Richfield. Vaulted main floor addition creates large open entertaining and huge potential. Full foundation under the addition adds more square footage. Large lot size 75 x 131 with deck and fenced in backyard. Big kitchen with sliding patio door to backyard. Oversized 1-car garage with extra parking space. Property does need updating and remodeling. No FHA financing. Buyer must assume city of Richfield required repairs with escrow agreement. Tap the potential! A great value for today's alert buyer. See it today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,112
Year Built
- Built in 1953
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 75x131
- Property is Fully Fenced
- Wood Fence
- Chain Link Fence
Parking
- 1 Car Garage
- Garage Door Opener
Interior Spaces
- 1-Story Property
- Family Room
- Living Room
- Home Office
- Workroom
- Game Room
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Additional Features
- Deck
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- South Murray Lane Subdivision
Listing and Financial Details
- Assessor Parcel Number 3502824420055
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2024
Closed on
May 24, 2024
Sold by
7421 12Th Ave S Llc
Bought by
Osman Ikram
Seller's Agent
Daniel Scholtec
Westview Partners
Buyer's Agent
Anne Morey
Keller Williams Realty Integrity
List Price
$439,000
Sold Price
$419,000
Premium/Discount to List
-$20,000
-4.56%
Views
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,059
Avg. Annual Appreciation
-1.78%
Original Mortgage
$312,000
Outstanding Balance
$309,313
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$100,756
Purchase Details
Closed on
Nov 6, 2023
Sold by
Westview Partners Llc
Bought by
7421 12Th Ave S Llc
Purchase Details
Listed on
Sep 9, 2022
Closed on
Oct 19, 2022
Sold by
Estate Of Mary J Gronberg
Bought by
Westview Partners Llc
Seller's Agent
Douglas Herkenhoff
Edina Realty, Inc.
Buyer's Agent
Ryan Johnson
eXp Realty
List Price
$260,000
Sold Price
$252,000
Premium/Discount to List
-$8,000
-3.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.07%
Purchase Details
Listed on
Sep 9, 2022
Closed on
Oct 12, 2022
Sold by
Gronberg Mary Jane
Bought by
Westview Partners Llc
Seller's Agent
Douglas Herkenhoff
Edina Realty, Inc.
Buyer's Agent
Ryan Johnson
eXp Realty
List Price
$260,000
Sold Price
$252,000
Premium/Discount to List
-$8,000
-3.08%
Purchase Details
Closed on
Aug 18, 2022
Sold by
Sheriff Of Hennepin County
Bought by
Open Mortgage Llc
Purchase Details
Closed on
Jul 27, 2020
Sold by
Gronberg Mary J and Mary J Gronberg Trust
Bought by
Gronberg Mary J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
2.59%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Similar Homes in Richfield, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $419,000 | -- | |
| Quit Claim Deed | $15,500 | None Listed On Document | |
| Deed | $252,000 | -- | |
| Personal Reps Deed | $252,000 | Premier Title | |
| Sheriffs Deed | -- | -- | |
| Interfamily Deed Transfer | -- | North Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,000 | New Conventional | |
| Previous Owner | $387,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $110,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $419,000 | -2.3% | $190 / Sq Ft |
| 05/02/2024 05/02/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | Price Changed | $429,000 | -2.3% | $195 / Sq Ft |
| 04/11/2024 04/11/24 | For Sale | $439,000 | +74.2% | $199 / Sq Ft |
| 10/19/2022 10/19/22 | Sold | $252,000 | -3.1% | $162 / Sq Ft |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- |
| 09/09/2022 09/09/22 | For Sale | $260,000 | -- | $167 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,989 | $288,000 | $118,000 | $170,000 |
| 2022 | $3,112 | $289,000 | $112,000 | $177,000 |
| 2021 | $2,887 | $258,000 | $103,000 | $155,000 |
| 2020 | $2,941 | $241,000 | $94,000 | $147,000 |
| 2019 | $3,469 | $236,000 | $96,000 | $140,000 |
| 2018 | $3,349 | $221,000 | $83,000 | $138,000 |
| 2017 | $2,977 | $191,000 | $70,000 | $121,000 |
| 2016 | $2,848 | $173,000 | $65,000 | $108,000 |
| 2015 | $2,763 | $166,000 | $58,000 | $108,000 |
| 2014 | -- | $151,000 | $56,000 | $95,000 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2024
Daniel Scholtec
Westview Partners
(952) 484-5244
1 in this area
2 Total Sales
-
Buyer's Agent in 2024
Anne Morey
Keller Williams Realty Integrity
(612) 386-4506
11 in this area
24 Total Sales
-
Seller's Agent in 2022
Douglas Herkenhoff
Edina Realty, Inc.
(612) 865-3770
1 in this area
76 Total Sales
-
Buyer's Agent in 2022
Ryan Johnson
eXp Realty
(612) 816-5764
1 in this area
124 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6257869
APN: 35-028-24-42-0055
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