NOT LISTED FOR SALE

7501 Park Ave Richfield, MN 55423

Estimated Value: $326,000 - $371,000

3 Beds
2 Baths
1,533 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $320,000 $209 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,034/month

15 Days on Market

Highlights

  • Corner Lot
  • Stainless Steel Appliances
  • Living Room
  • No HOA
  • The kitchen features windows
  • 1-Story Property

About This Home

As of December 2023

Cute one level home on large corner and fenced lot at the quiet end of Park Ave. Hardwood floors throughout the main level, convenient pull down slated blinds, updated main floor bath with tile floor and shower. The kitchen was refinished with new cabinetry, counter tops, backsplash and stainless refrigerator and dishwasher too. The lower level has a nice family room, workout space, bedroom w/egress window. A walk-in shower was added with tile flooring! There is a storage shed (10x9) w/ convenient screen porch attached & the 1 car garage is oversized with a heater. Other updates by the previous owner were the siding, & windows. A great place to come home to!

Last Agent to Sell the Property

Michelle Armstrong

Keller Williams Classic Rlty NW Listed on: 11/10/2023

Keller Williams Classic Rlty NW

Co-Listed By

Steven Armstrong

Keller Williams Classic Rlty NW

Last Buyer's Agent

Ivonne Delgado Kuri

National Realty Guild

National Realty Guild

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,441

Year Built

  • Built in 1951

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 72x133
  • Wood Fence
  • Corner Lot

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Flex
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Window Egress

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mattson Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3502824320047

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,441

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 860
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 1533
  • Fireplace: No
  • Below Grade Finished Sq Ft: 673
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Flex Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years
  • Fencing: Wood
  • Other Structures: Storage Shed

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener, Heated Garage

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Patio,Porch,Tile Floors

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 72x133
  • Lot Size Sq Ft: 9583.2
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3502824320047
  • Tax Annual Amount: 3441
  • TaxWithAssessments: 3440.6400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Dec 15, 2023
Sold by
Hendricks Ryan M and Hendricks Carole B
Bought by
Ponce Ofelio Ponce
Seller's Agent
Michelle Armstrong
Keller Williams Classic Rlty NW
Buyer's Agent
Ivonne Delgado Kuri
National Realty Guild
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%
Views
37
Current Estimated Value
$331,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,018
Avg. Annual Appreciation
3.52%
Original Mortgage
$16,500
Outstanding Balance
$5,836
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$338,525

Purchase Details

Closed on
May 22, 2020
Sold by
Hendricks Ryan M and Hendricks Carole B
Bought by
Hendricks Ryan M and Hendricks Carole B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2015
Sold by
Larson James A and Larson Mary K
Bought by
Hendricks Ryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,250
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ponce Ofelio Ponce $320,000 First American Title Insurance
Hendricks Ryan M -- Esquire Title Service Llc
Hendricks Ryan M $192,500 All American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ponce Ofelio Ponce $16,500
Open Ponce Ofelio Ponce $310,400
Previous Owner Hendricks Ryan M $156,500
Previous Owner Hendricks Ryan M $173,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $320,000 0.0% $209 / Sq Ft
11/26/2023 11/26/23 Pending -- -- --
11/14/2023 11/14/23 Off Market $320,000 -- --
11/10/2023 11/10/23 For Sale $315,000 -- $205 / 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 $3,754 $277,500 $109,300 $168,200
2023 $3,763 $282,100 $113,100 $169,000
2022 $3,412 $272,000 $109,000 $163,000
2021 $3,144 $252,000 $111,000 $141,000
2020 $3,161 $232,000 $96,000 $136,000
2019 $2,985 $224,000 $99,000 $125,000
2018 $2,722 $209,000 $87,000 $122,000
2017 $2,108 $160,000 $66,000 $94,000
2016 $2,115 $152,000 $67,000 $85,000
2015 $1,950 $144,000 $61,000 $83,000
2014 -- $129,000 $61,000 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6458464

NorthstarMLS

APN: 35-028-24-32-0047