Immaculately kept, one-owner home in desirable location. The 2-story family room, the main floor master suite and main floor laundry allows for one-level living. Master bathroom and front entryway have in-floor electric heat. Two-car garage is insulated and heated. Lower level provides a large open area with egress window suitable for adding another bedroom. Ample storage throughout home from built-in features to large basement storage area with shelving. A backyard oasis contains a patio with pergola, flowers and plants throughout the entire backyard leading to an oversized shed/workspace with power and heating. Buyer to verify measurements.
Closed
Zestimate®
$494,000
7021 Penn Ave S, Richfield, MN 55423
3beds
2,578sqft
Single Family Residence
Built in 1997
7,840 Square Feet Lot
$494,000 Zestimate®
$192/sqft
$3,524 Estimated rent
Home value
$494,000
$454,000 - $538,000
$3,524/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Brett D. Foss 952-431-1095,
Senior Life Management
Bought with:
Taylor Erickson
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6728589
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Bedroom 2
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Level: Upper
- Area: 104.5 Square Feet
- Dimensions: 11x9.5
Bathroom
- Level: Main
- Area: 127.5 Square Feet
- Dimensions: 15x8.5
Family room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 13x19
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Laundry
- Level: Main
- Area: 54 Square Feet
- Dimensions: 6x9
Living room
- Level: Basement
- Area: 308 Square Feet
- Dimensions: 11x28
Office
- Level: Main
- Area: 115.5 Square Feet
- Dimensions: 11x10.5
Walk in closet
- Level: Main
- Area: 49 Square Feet
- Dimensions: 7x7
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: Laundry Room, Main Level, Sink, Washer Hookup
Features
- Basement: Egress Window(s),Finished,Full,Storage Space,Sump Pump,Tile Shower
- Number of fireplaces: 1
- Fireplace features: Decorative, Gas, Insert, Living Room
Interior area
- Total structure area: 2,578
- Total interior livable area: 2,578 sqft
- Finished area above ground: 1,685
- Finished area below ground: 893
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Pool features: None
- Fencing: Wood
Lot
- Size: 7,840 Square Feet
- Dimensions: 60 x 133.5
- Features: Tree Coverage - Light
Details
- Additional structures: Workshop, Storage Shed
- Foundation area: 1165
- Parcel number: 3302824220130
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: R24
HOA
- Has HOA: No
Location
- Region: Richfield
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $492,400
- Annual tax amount: $6,471
- Date on market: 5/29/2025
- Cumulative days on market: 33 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Sold | $494,000-1.2%$192/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6728589 Report a problem | ||
| 7/21/2025 | Pending sale | $499,900$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6728589 Report a problem | ||
| 7/4/2025 | Listed for sale | $499,900$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6728589 Report a problem | ||
| 7/4/2025 | Pending sale | $499,900$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6728589 Report a problem | ||
| 6/18/2025 | Listed for sale | $499,900+134.8%$194/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6728589 Report a problem | ||
| 10/9/1997 | Sold | $212,886+703.3%$83/sqft |
Source: Public Record Report a problem | ||
| 4/9/1997 | Sold | $26,500$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,471 +2% | $492,400 +9.2% |
| 2024 | $6,347 +8.6% | $450,900 -1.6% |
| 2023 | $5,842 +13.2% | $458,200 +3.7% |
| 2022 | $5,159 +4% | $442,000 +21.1% |
| 2021 | $4,962 +1% | $365,000 +4.9% |
| 2020 | $4,915 -1% | $348,000 +5.1% |
| 2019 | $4,962 +1% | $331,000 +3.1% |
| 2018 | $4,915 +2.1% | $321,000 +7.4% |
| 2017 | $4,816 +9.7% | $299,000 +8.3% |
| 2016 | $4,388 +2.4% | $276,000 -1.1% |
| 2015 | $4,286 +0% | $279,000 +7.7% |
| 2014 | $4,284 -5.4% | $259,000 -4.8% |
| 2013 | $4,527 +5.6% | $272,000 |
| 2012 | $4,287 +3.4% | $272,000 -2.2% |
| 2011 | $4,144 -1.6% | $278,000 -10.3% |
| 2010 | $4,212 +3.6% | $310,000 -3.4% |
| 2009 | $4,067 +9.7% | $321,000 +3.9% |
| 2006 | $3,706 +5% | $309,000 +5.1% |
| 2005 | $3,531 +8.9% | $294,000 +13.4% |
| 2004 | $3,242 +11.5% | $259,300 +12% |
| 2002 | $2,908 -49.9% | $231,600 |
| 2001 | $5,809 | -- |
Find assessor info on the county website
Neighborhood: 55423
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Nearby schools
GreatSchools rating
- 7/10Sheridan Hills Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Richfield Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Richfield Senior High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$494,000
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Estimated market value
$494,000
- Minnesota
- Hennepin County
- Richfield
- 55423
- 7021 Penn Ave S
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