7221 16th Avenue S Richfield, MN ^$ 360,000

7221 16th Avenue S

^$ 360,000

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7221 16th Avenue S

Richfield, MN, 55423

^$ 360,000

Bedrooms3 Baths2.0 Sq 1,785

Monthly Estimate*

^$ 2,486

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Single Family Home for sale in Richfield, MN

for $360,000 with 3 bedrooms and 2 full baths. This 1,785 square foot home was built in 1957 on a lot size of 0.18.

Step right into this well maintained three-bedroom, two-bathroom gem that's been pampered with updates galore! With brand new siding, a sturdy new roof, efficient new furnace and A/C, water heater, updated drain tiles, shiny countertops, and a sleek stainless steel fridge, you're all set for a worry-free future. Plus, a enjoy the detached two-car garage and a layout brimming with possibilities to make this home all you need!

Single Family Active

Price

^$ 360,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 4,721

Style

Single Family

Lot Size

0.18

Year Built

1957

Town/City

Richfield

County/Region

Hennepin

MLS | Web ID

7164103

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

HOA Fee 0

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 N

Property Type Residential

HOA N

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 N

Land Lease Y/N N

Tax Annual Amount 4721

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Amenities Unit Deck Hardwood Floors Porch Washer/Dryer Hookup

Interior

Basement Finished Full

Total Fireplaces 0

Basement (Y/N) Y

Fireplace Y/N N

Above Grade Finished Area 1104

Half Baths 0

1/4 Baths 0

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

Garage Square Feet 0

Exterior

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 N

Foundation Area 1104

Road Frontage Type City Street

Internal Only

Street Number 1 7221

* Excluded Features

List By

Re/Max Results

Broker

cenia.badillo@results.net

Affordability Calculator

$2,880

Per Month

Monthly Principal & Interest: $2,486
Monthly Property Taxes: $393
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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.

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Nearby

Trends
Schools

Single family listings in Richfield, MN

Average List Price ^$335,342

Percent of Sale Price 7%

About Richfield, MN

36,234 Population

6% Since 2002

^$56,833 Median Income

38.87 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708414 Elementary School

708589 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/24/2026	$360,000		Listed Price

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7221 16th Avenue S, Richfield, MN, 55423 is a Single Family Home for sale at $360,000 with 1,785 sqft and a lot size of 0.18. 7221 16th Avenue S has 3 bedrooms, 2.0 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 7.375% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is 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.

Data is updated as of 10/26/2026.

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7221 16th Avenue S

Single Family Home for sale in Richfield, MN

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