NOT LISTED FOR SALE

7427 Thomas Ave S Richfield, MN 55423

Estimated Value: $374,000 - $438,885

4 Beds
2 Baths
1,832 Sq Ft
$223/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $430,000 $235 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,595/month

12 Days on Market

Highlights

  • No HOA
  • Storage Room
  • Forced Air Heating and Cooling System
  • Living Room
  • 1-Story Property
  • Family Room

About This Home

As of July 2023

Bright and stunning home updated throughout. Convenient location on a quiet street- just blocks from the Galleria and all the shopping, dining, entertainment of the Southdale area. Generous main level with crisp white cabinetry and an island as the centerpiece of the all new kitchen. Open floor plan for dining, kitchen and living room. Main floor offers three bedrooms and one bath. Lower level completed for more spaces to enjoy, including a 4th bedroom, bath, and family room. All new appliances, plumbing, electrical, furnace, air conditioning system.

Last Agent to Sell the Property

Chelsey Flattem

Prandium Group Real Estate Listed on: 06/01/2023

Last Buyer's Agent

Christine Swan

Avenue Realty

Avenue Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,139

Year Built

  • Built in 1951

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 75x134

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Penn Lake Terrace 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3202824410020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,139

Year Built

Built in 1951

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
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1052
  • 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, Storage Space
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Electric
  • Living Area: 1832
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 780
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Storage
  • SqFtTotal: 2104.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Block

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener, Tandem
  • Garage Square Feet: 530

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 75x134
  • Lot Size Sq Ft: 10018.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3202824410020
  • Tax Annual Amount: 3139
  • TaxWithAssessments: 3139.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jun 28, 2023
Sold by
Thomas Pine Homes Llc
Bought by
Weeres Sara
Seller's Agent
Chelsey Flattem
Prandium Group Real Estate
Buyer's Agent
Christine Swan
Avenue Realty
List Price
$400,000
Sold Price
$430,000
Premium/Discount to List
$30,000
7.5%
Views
97
Current Estimated Value
$407,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,029
Avg. Annual Appreciation
-2.33%
Original Mortgage
$417,100
Outstanding Balance
$412,211
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$4,240

Purchase Details

Closed on
May 2, 2023
Sold by
Flattem Jake
Bought by
Thomas Pine Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,100
Outstanding Balance
$412,211
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$4,240

Purchase Details

Closed on
Aug 23, 2022
Sold by
Nickolas Michael Schmitz Living Trust
Bought by
Flattem Jake and Flattem Chelsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 3, 2018
Sold by
Michael Schmitz Nicholas
Bought by
Nicholas Michael Schmitz Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weeres Sara $430,000 Ancona Title
Thomas Pine Homes Llc $500 None Listed On Document
Flattem Jake $250,000 --
Nicholas Michael Schmitz Living Trust $500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weeres Sara $417,100
Previous Owner Flattem Jake $109,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $430,000 +7.5% $235 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $400,000 -- $218 / 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
2024 $5,185 $366,200 $143,000 $223,200
2023 $4,378 $321,100 $158,000 $163,100
2022 $3,139 $273,000 $138,000 $135,000
2021 $3,040 $233,000 $117,000 $116,000
2020 $3,217 $224,000 $107,000 $117,000
2019 $2,973 $226,000 $108,000 $118,000
2018 $2,759 $207,000 $101,000 $106,000
2017 $2,389 $176,000 $79,000 $97,000
2016 $2,432 $169,000 $80,000 $89,000
2015 $2,263 $161,000 $72,000 $89,000
2014 -- $150,000 $75,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chelsey Flattem

    Prandium Group Real Estate

    (952) 440-3131

    1 in this area

    2 Total Sales

    Chelsey Flattem
    Section Image
  • Christine Swan

    Buyer's Agent in 2023

    Christine Swan

    Avenue Realty

    (651) 357-7842

    12 in this area

    84 Total Sales

    Christine Swan
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6375349

NorthstarMLS

APN: 32-028-24-41-0020

Minnesota Hennepin County Richfield 55423

7427 Thomas Ave S, Richfield, MN

This home is located at 7427 Thomas Ave S, Richfield, MN 55423 since 01 June 2023 and is currently estimated at $407,971, approximately $222 per square foot. This property was built in 1951. 7427 Thomas Ave S 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.

NorthstarMLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes