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  • $340,000

    7309 Thomas Ave S, Richfield, MN 55423

    4beds
    1,563sqft
    Single Family Residence
    Built in 1949
    10,018 Square Feet Lot
    $341,200 Zestimate®
    $218/sqft
    $2,824 Estimated rent

    Home value

    $341,200

    $314,000 - $372,000

    $2,824/mo

    Zestimate® history
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    What's special

    Effortless Living in the Heart of Richfield — Just Unpack and Enjoy! Welcome to your next chapter in this beautifully updated 1 ½ story home — a warm, inviting, and meticulously maintained 4-bedroom, 2-bathroom home nestled in one of Richfield’s most sought-after neighborhoods. From the moment you arrive, you’ll feel the care, updates, and thoughtful details that make this home truly special. Step inside and be greeted by gorgeous hardwood floors that stretch across the main level, creating a timeless and welcoming ambiance. The freshly painted walls and closets offer a bright, clean palette ready for your personal touch. The brand-new upper-level carpet adds comfort and coziness, making every corner of this home feel fresh and move-in ready. The remodeled main-floor bathroom shines with modern finishes, adding both beauty and function to your daily routine. The lower level, fully renovated in 2009, offers a spacious family room, a fourth bedroom with egress window, and a second full bathroom — perfect for guests, teens, or a home office. Enjoy peace of mind with major updates already done: • New roof (est. 2020) • New water heater (2016) • New windows throughout (2004) • New 100-amp electrical panel (2003) • New sewer line (1999) Outside, the charm continues. The exterior garage was freshly painted, and the large, flat, fenced backyard offers the ideal space for outdoor entertaining, playing fetch, or simply unwinding with your favorite book. The patio is ready for weekend barbecues and evening sunsets. All the big stuff is done — all that’s left is for you to move in and enjoy. Live in the vibrant heart of Richfield, just minutes from parks, schools, shopping, and easy highway access. Whether you’re upsizing, downsizing, or planting roots, this home offers the space, updates, and location to make life beautifully simple. Don’t miss your chance to tour this gem — schedule your showing today and discover why this house feels like home. Some photos virtually staged.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa A Wold 952-818-0331,

    Lakes Area Realty,

    Scott A Wold 612-817-2677

    Bought with:

    Nicole Johnson

    Edina Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6786415MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom
    • Level: Main
    • Area: 156 Square Feet
    • Dimensions: 12 x 13
    Bedroom 2
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 9 x 11
    Bedroom 3
    • Level: Upper
    • Area: 290 Square Feet
    • Dimensions: 29 x 10
    Bedroom 4
    • Level: Lower
    • Area: 132 Square Feet
    • Dimensions: 11 x 12
    Bathroom
    • Level: Main
    • Area: 40 Square Feet
    • Dimensions: 5 x 8
    Bathroom
    • Level: Lower
    • Area: 55 Square Feet
    • Dimensions: 5 x 11
    Dining room
    • Level: Main
    • Area: 70 Square Feet
    • Dimensions: 7 x 10
    Family room
    • Level: Lower
    • Area: 224 Square Feet
    • Dimensions: 16 x 14
    Kitchen
    • Level: Main
    • Area: 91 Square Feet
    • Dimensions: 7 x 13
    Laundry
    • Level: Lower
    • Area: 286 Square Feet
    • Dimensions: 22 x 13
    Living room
    • Level: Main
    • Area: 176 Square Feet
    • Dimensions: 16 x 11
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Range, Refrigerator, Washer
    • Laundry: In Basement
    Features
    • Basement: Egress Window(s),Finished,Full,Storage Space
    • Has fireplace: No
    Interior area
    • Total structure area: 1,563
    • Total interior livable area: 1,563 sqft
    • Finished area above ground: 955
    • Finished area below ground: 608

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached Garage, Asphalt
    • Garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Deck, Patio
    • Pool features: None
    • Fencing: Chain Link,Partial,Privacy,Wood
    Lot
    • Size: 10,018 Square Feet
    • Dimensions: 75 x 134 x 75 x 134
    • Features: Near Public Transit, Tree Coverage - Medium
    Details
    • Foundation area: 763
    • Parcel number: 3202824140124
    • 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: 1949

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Penn Lake Terrace 1st Add
    HOA
    • Has HOA: No
    Location
    • Region: Richfield

    Financial & listing details

    • Price per square foot: $218/sqft
    • Tax assessed value: $292,100
    • Annual tax amount: $4,135
    • Date on market: 9/10/2025
    • Cumulative days on market: 15 days

    Price history

    DateEventPrice
    10/17/2025Sold$340,000+0.7%$218/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6786415 Report a problem
    9/30/2025Pending sale$337,500$216/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6786415 Report a problem
    9/23/2025Price change$337,500-2.2%$216/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6786415 Report a problem
    9/14/2025Listed for sale$345,000+385.9%$221/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6786415 Report a problem
    5/1/1993Sold$71,000$45/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,135 -4.3%$292,100 -2.5%
    2024$4,319 +15.1%$299,700 -5.5%
    2023$3,753 +10.2%$317,200 +8.6%
    2022$3,405 +8.1%$292,000 +16.8%
    2021$3,151 -2.6%$250,000 +8.2%
    2020$3,234 +2.6%$231,000 +1.8%
    2019$3,151 -2.6%$227,000 +6.6%
    2018$3,234 +13.5%$213,000 +19%
    2017$2,850 +16.8%$179,000 +2.9%
    2016$2,439 -3.2%$174,000 +4.8%
    2015$2,519 +7.2%$166,000 +7.1%
    2014$2,350 -12%$155,000 -0.6%
    2013$2,670 -10.7%$156,000 -13.3%
    2012$2,991 +2.2%$180,000 -0.6%
    2011$2,927 +0.7%$181,000 -6.7%
    2010$2,906 +20.1%$194,000 -3%
    2009$2,419 +17.5%$200,000 +9.5%
    2006$2,059 +22.1%$182,700 +18.9%
    2005$1,686 +11.8%$153,700 +15%
    2004$1,508 +13.1%$133,700 +12%
    2002$1,334 -47%$119,400
    2001$2,515 --
    Find assessor info on the county website

    Neighborhood: 55423

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $341,200
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    Estimated market value
    $341,200