This charming 3-bedroom home offers a warm and inviting layout with plenty of potential. The main floor features a cozy living room with a wood-burning fireplace and newer bay windows that fill the space with natural light. An open kitchen with abundant counter space and storage flows seamlessly into a large informal dining area, perfect for everyday living or entertaining. You’ll find one bedroom and a full bath on the main level, with two additional bedrooms and a versatile loft-style space upstairs. The unfinished lower level includes a functional 1/4 bath (toilet only) and offers additional storage or workspace options. Outside, enjoy a fully fenced huge backyard and peace of mind with a newer roof and siding (2021) and water heater (2024). Conveniently located with easy access to everything (MOA, airport, many parks, entertainment, etc) this home has great bones and just needs a little cosmetic TLC to truly shine!
Closed
$267,400
7129 Penn Ave S, Richfield, MN 55423
3beds
1,196sqft
Single Family Residence
Built in 1946
9,583 Square Feet Lot
$268,600 Zestimate®
$224/sqft
$2,328 Estimated rent
Home value
$268,600
$247,000 - $290,000
$2,328/mo
Zestimate® history
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List your homeWhat's special
Wood-burning fireplaceFully fenced huge backyardNewer bay windowsAbundant counter spaceLarge informal dining areaOpen kitchenNewer roof and siding
Zillow last checked:
Listing updated:
Listed by:
Jessica Davis 612-850-1909,
Engel & Volkers Lake Minnetonka
Bought with:
Kennedy Anne Herrera
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6807065
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 10x9
Deck
- Level: Main
- Area: 300 Square Feet
- Dimensions: 10x30
Dining room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 16x9
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Living room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Loft
- Level: Upper
- Area: 45 Square Feet
- Dimensions: 9x5
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range, Refrigerator, Washer
- Laundry: In Basement
Features
- Basement: Block,Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,196
- Total interior livable area: 1,196 sqft
- Finished area above ground: 1,196
- Finished area below ground: 0
Property
Parking
- Total spaces: 1.5
- Parking features: Attached, Concrete, No Int Access to Dwelling, Tandem Garage
- Attached garage spaces: 1.5
- Details: Garage Dimensions (12x32)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Deck
- Pool features: None
- Fencing: Chain Link,Full
Lot
- Size: 9,583 Square Feet
- Dimensions: 81 x 116
- Features: Near Public Transit, Tree Coverage - Light
Details
- Additional structures: Storage Shed
- Foundation area: 812
- Parcel number: 3302824220123
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Forest Lawn 4th
HOA
- Has HOA: No
Location
- Region: Richfield
Financial & listing details
- Price per square foot: $224/sqft
- Tax assessed value: $363,400
- Annual tax amount: $4,206
- Date on market: 10/24/2025
- Cumulative days on market: 41 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $267,400-2.7%$224/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6807065 Report a problem | ||
| 12/4/2025 | Pending sale | $274,900$230/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6807065 Report a problem | ||
| 11/19/2025 | Price change | $274,900-5.2%$230/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6807065 Report a problem | ||
| 10/24/2025 | Listed for sale | $289,900+82.3%$242/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6807065 Report a problem | ||
| 3/19/2015 | Listing removed | $159,000$133/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4489328 Report a problem | ||
| 2/27/2015 | Pending sale | $159,000$133/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4489328 Report a problem | ||
| 2/27/2015 | Listed for sale | $159,000+4.6%$133/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4489328 Report a problem | ||
| 9/30/2014 | Sold | $152,000-4.4%$127/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2189614 Report a problem | ||
| 8/12/2014 | Price change | $159,000-9.1%$133/sqft |
Source: Homepath #4489328 Report a problem | ||
| 7/9/2014 | Price change | $175,000-7.4%$146/sqft |
Source: Homepath #4489328 Report a problem | ||
| 6/6/2014 | Listed for sale | $189,000+0.1%$158/sqft |
Source: Century 21 Pastrana #4489328 Report a problem | ||
| 8/19/2013 | Sold | $188,835+8%$158/sqft |
Source: Public Record Report a problem | ||
| 12/3/2007 | Sold | $174,900-16.7%$146/sqft |
Source: Public Record Report a problem | ||
| 3/17/2005 | Sold | $210,000+31.3%$176/sqft |
Source: Public Record Report a problem | ||
| 4/17/2001 | Sold | $160,000+57.6%$134/sqft |
Source: Public Record Report a problem | ||
| 3/26/1996 | Sold | $101,500$85/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,206 +2.4% | $363,400 +18.6% |
| 2024 | $4,106 +7.7% | $306,300 +0.4% |
| 2023 | $3,813 +11.8% | $305,000 +2.3% |
| 2022 | $3,412 +11.3% | $298,000 +18.3% |
| 2021 | $3,066 +0.6% | $252,000 +11% |
| 2020 | $3,046 -0.6% | $227,000 +4.6% |
| 2019 | $3,066 +0.6% | $217,000 +6.4% |
| 2018 | $3,046 +8.3% | $204,000 +9.7% |
| 2017 | $2,812 +11% | $186,000 +8.8% |
| 2016 | $2,534 +3.5% | $171,000 -2.3% |
| 2015 | $2,449 -1.5% | $175,000 +12.9% |
| 2014 | $2,486 -3.4% | $155,000 -7.7% |
| 2013 | $2,574 +5.7% | $168,000 |
| 2012 | $2,436 -2% | $168,000 -4.5% |
| 2011 | $2,487 -4.9% | $176,000 -12.9% |
| 2010 | $2,614 -1.6% | $202,000 -7.8% |
| 2009 | $2,656 +16.5% | $219,000 +13.5% |
| 2006 | $2,281 +19.5% | $193,000 +12.3% |
| 2005 | $1,910 +11.6% | $171,900 +15% |
| 2004 | $1,711 +12.7% | $149,500 +12% |
| 2002 | $1,519 -48.1% | $133,500 |
| 2001 | $2,923 | -- |
Find assessor info on the county website
Neighborhood: 55423
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Nearby schools
GreatSchools rating
- 7/10Sheridan Hills Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Richfield Middle SchoolGrades: 6-8Distance: 0.3 mi
- 5/10Richfield Senior High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$268,600
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Estimated market value
$268,600
- Minnesota
- Hennepin County
- Richfield
- 55423
- 7129 Penn Ave S
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