Lori Gustafson

7221 16th Avenue S

Richfield, MN
$ 360,000 Beds 3 Baths 2 Sq 1,785
Monthly Estimate* How much can I afford?

Welcome to this well-maintained three bedroom, two bathroom home featuring numerous recent updates throughout! Major improvements include new siding, roof, furnace, A/C, water heater, recently updated drain tile, countertops, and a stainless steel refrigerator, offering peace of mind for years to come. The home also features a detached two-car garage and a functional layout with plenty of potential.

Single Family

  • Price
  • $ 360,000
  • City
  • Richfield
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Elder Grove 3rd Add
  • Lot Size
  • 0.18 Acres
  • Zip
  • 55423
  • Sqr Footage
  • 1,785
  • Year Built
  • 1957
  • Taxes
  • $ 4721
  • Style
  • Single Family
  • MLS#
  • 7128315
Listed By: Coldwell Banker Realty - Lakes
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1785
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less
Appliances Dishwasher,Dryer,Range,Refrigerator,Washer
Garage Spaces 2
Year Built 1957
Electric 100 Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Elder Grove 3rd Add
Full Baths 1
Directions From Hwy 62,take the Portland Ave exit and head south. Turn left on E 70th St,then right on 16th Ave S. Continue south to 7221 16th Ave S on the right.
City Richfield
High School District Richfield
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4721
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck,Hardwood Floors,Porch,Washer/Dryer Hookup
PostalCity Richfield

Interior Features

Basement Finished,Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1104
3/4 Baths 1
Total Bedrooms 3
Below Grade Finished Area 681
Total Baths 2
Bath Desc 3/4 Basement,Main Floor Full Bath
Dining Room Description Eat In Kitchen,Separate/Formal Dining Room
Fuel Natural Gas

Exterior Features

Parking Features Detached Garage,Asphalt
Water Source City Water/Connected
Lot Size Area 0.18
Building Area Total 2466
Lot Dimensions 60x133
Waterfront Y/N No
Foundation Area 1104
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/17/2026 Listed $380,000
9/12/2026 6% - $360,000

Property vs Zip Code Average in 55423

Price
AVG $300K
$360K
Taxes
AVG $10,706
$4,721
Year Built
AVG 1969
1957
Visits
AVG 93
86
Data Provided by Inside Real Estate®

Areas That We Cover

7221 16th Avenue S Richfield, MN is a Single Family Home for sale at $360000 with 1785 sqft and a lot size of 0.18 Acres Acre(s). 7221 16th Avenue S Richfield has 3 bedrooms, 2 baths and was built in 1957. The property's zip code is 55423 which is in Richfield, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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