14 days on rocket

Sale Pending

7227 Morgan Ave S, Richfield, MN, 55423

$575,000

Home List Price

$6,828*

Closing Credit

3 Bedrooms
2 Full Baths
3,194 SqFt
$180/SqFt
House
Schools Nearby

Location

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7227 Morgan Ave S, Richfield$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete, Heated Garage
Attached Garage2 spaces
Year Built1948
HeatingForced Air, Radiant Floor
CoolingCentral Air
BasementYes
FireplaceGas, Living Room, Primary Bedroom
MLS #6533458
StatusSale Pending
(Pending)

About 7227 Morgan Ave S

Welcome to this immaculately maintained, one of a kind home in a convenient and desirable Richfield location! The incredible addition on this home (done in 2004) features a beautiful owner's suite with vaulted ceilings, a gas fireplace, jacuzzi tub, en-suite bathroom with a walk-in shower, large walk-in closet, and even a connected office space. Furthermore, the addition includes a sunroom with French doors leading out to the maintenance-free deck, a grand staircase, and a tremendous multi-functional room in the lower level with professionally installed gymnasium hardwood heated floors. The stunning custom kitchen (remodeled, 2010) boasts Corian countertops and tile backsplash, a large center island with a farm sink, hickory hardwood floors, Alderwood cabinets with ample space, a double oven, and under the cabinet lighting. The superb garage and workshop is equipped with epoxy coated, in-floor heating and additional attic storage. Roof replaced in 2020. Schedule your tour today!

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Living Area: 3,194 SqFt

Listing Office:

  • Office Name: Real Broker, LLC

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Gas, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete, Heated Garage

Utilities

Utilities Information:

  • Heating: Forced Air, Radiant Floor
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Richfield High School, Public District Grades 9-12
  • Richfield Middle School, Public District Grades 6-8
  • Sheridan Hills Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 494 and 5 E to Penn Ave. Penn Ave to 73rd Street. Left on Morgan Ave. Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000
  • Price Per SqFt: $180/SqFt

Tax Information:

  • Annual Amount: $5,698
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Richfield, MN.

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Richfield, MN

City

Med. Sold Price

$341K

Med. Price/SqFt

$205

Avg. Days On Market

13

# of Sold Homes

43

7227 Morgan Ave S vs Richfield

14 DAYS ON ROCKET

+1 Day

$575,000

+$234K More

$180/SqFt

-$26 Less

KEY TAKEAWAY

This property is $234K more than the Median Sold Price and $26/SqFt less than other homes in Richfield, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6533458

Listing Office:

  • Office Name: Real Broker, LLC

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Last updated on: 6/2/2024, 12:52:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,698$395,000
2019$5,651$372,600
2018$5,596$360,610
2017$5,335$321,370

History based on county public records data.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7003254
5
/10

  • Sheridan Hills Elementary

  • 6400 Sheridan Ave S

  • 1.11 miles

  • Public District Grades KG-5

Middle School

school-card-donut-7003255
3
/10

  • Richfield Middle School

  • 7461 Oliver Ave S

  • 0.24 miles

  • Public District Grades 6-8

High School

school-card-donut-7003256
4
/10

  • Richfield High School

  • 7001 Harriet Ave

  • 1.01 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,944. Residents of Richfield, MN typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7227 Morgan Ave S

What is the listing price of this property?

The listing price of 7227 Morgan Ave S property is $575,000.

What type of property is this?

The property 7227 Morgan Ave S is a house located in Richfield, Minnesota, 55423.

Is this property for sale now?

Sale Pending: 7227 Morgan Ave S is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 7227 Morgan Ave S are:
Sheridan Hills Elementary: GreatSchools Rating 5/10
Richfield Middle School: GreatSchools Rating 3/10
Richfield High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,698 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7227 Morgan Ave S has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7227 Morgan Ave S is 3,194 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7227 Morgan Ave S is 1948.

Rocket Homes›Minnesota›Hennepin County›Richfield›55423›7227 Morgan Ave S

This home is located at 7227 Morgan Ave S in Richfield, MN and zip code 55423 in the Forest Lawn neighborhood. This 3,194 square foot home was built in 1948. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $575,000.

In May 2024 more than 28 listings in Richfield, MN were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 9 were sold below. In May 2024 in Richfield, MN there were 4.1% more homes for sale than in April 2024. While the average time on the market in May 2024 was 13 days, the median list price was $341,000.

From Rocket Homes Real Estate and based on county public records data.

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