OFF MARKET

Off Market Jul 2022 for $241K

—

Est. refi paymentEst. refi $1,432/mo

•

—

sq ft

1020 Rae Dr #7, Richfield, MN 55423

About this home

Exceptional corner unit with stunning panoramic view of Lake Richfield! Rarely do these lakefront villas come to market! Bright and freshly painted, plus ceilings are newly "knock down" so, no popcorn!! Newer appliances and flooring. Two new ceiling fans, under cabinet lighting, LED lights everywhere and brand-new roof! Enjoy viewing wildlife year-round on a stroll around Richfield Lake or nearby Wood Lake Nature Center, or view from your cozy deck in the summer and fireside in the winter! Super convenient to shopping, restaurants, freeways, and the airport!

Residential, Manor/VillageProperty Type

1980Year Built

5.86 acresLot Size

1 car garageParking

Listed by Sapa Carlson • Counselor Realty, Inc

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6220906

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 55423, MN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.2%

0.5% MoM

Median sale price

$366K

$2K MoM

Avg. days on market

21d

4 days MoM

Recently sold homes

160

18 MoM

New listings for sale

OPEN SEP 20, 12PM TO 1:30PM
$259,900
2 beds2 baths1,361 sq ft
7601 Aldrich Ave S #109, Richfield, MN 55423
$375,000
4 beds2 baths2,377 sq ft
1201 W 73rd St, Richfield, MN 55423
$1,200,000
3 beds3 baths2,520 sq ft
6354 Lyndale Ave S Unit W301, Richfield, MN 55423
$314,900
2 beds2 baths1,533 sq ft
6717 Queen Ave S, Richfield, MN 55423
$169,900
1 bed1 bath868 sq ft
7601 Aldrich Ave S #307, Richfield, MN 55423
$125,000
1 bed1 bath915 sq ft
6500 Woodlake Dr #906, Richfield, MN 55423
$375,000
4 beds3 baths1,696 sq ft
6315 Knox Ave S, Richfield, MN 55423
3D WALKTHROUGH
$300,000
3 beds1 bath1,303 sq ft
7512 Emerson Ave S, Richfield, MN 55423
$399,900
4 beds2 baths2,091 sq ft
7232 Girard Ave S, Richfield, MN 55423
$305,000
2 beds1 bath1,565 sq ft
6828 Grand Ave S, Richfield, MN 55423
See all

Provided by Redfin

Sale history for 1020 Rae Dr #7

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6220906

Jul 21, 2022

Sold

$241,000

Jun 20, 2022

Pending

—

Jun 18, 2022

Listed

$215,000

Jun 16, 2022

Coming Soon

$215,000

Public Records

Dec 27, 2019

Sold

$180,000

NORTHSTARMLS as Distributed by MLS Grid #5289867

Nov 14, 2019

Sold

$180,000

Oct 29, 2019

Pending

—

Oct 2, 2019

Contingent

—

Sep 6, 2019

Listed

$185,000

NORTHSTARMLS as Distributed by MLS Grid #4199887

Apr 12, 2013

Sold

$102,500

Dec 1, 2012

Listing Removed

—

Oct 15, 2012

Listed

$109,900

NORTHSTARMLS as Distributed by MLS Grid #3570861

Oct 15, 2008

Listing Removed

—

Jul 11, 2008

Listed

$158,900

Public Records

Jul 19, 2002

Sold

$146,600

NORTHSTARMLS as Distributed by MLS Grid #2052477

Jul 1, 2002

Listing Removed

—

Jul 1, 2002

Listed

$148,000

NORTHSTARMLS as Distributed by MLS Grid #2052006

Jun 2, 2002

Listed

$148,000

Public Records

May 27, 1992

Sold

$74,900

Year

Property tax

Land + Additions

Assessment*

2026

$2,731 (+2.3%)

2025

$2,669 (+0.8%)

2024

$2,649 (+8.0%)

2023

$2,454 (−4.6%)

2022

$2,573 (+23.4%)

$48,000 + $132,000

$180,000

2021

$2,086 (−2.4%)

$48,000 + $96,000

$144,000

2020

$2,137 (+7.7%)

$46,000 + $95,000

$141,000

2019

$1,984 (+10.0%)

$39,000 + $89,000

$128,000

2018

$1,804 (+9.2%)

$33,000 + $76,000

$109,000

2017

$1,652 (+13.6%)

$33,000 + $76,000

$109,000

2015

$1,454 (+41.2%)

$35,000 + $56,000

$91,000

2014

$1,030 (−23.8%)

2013

$1,352 (−3.6%)

2012

$1,404

Tax history for 1020 Rae Dr #7

Year

Property tax

Land + Additions

Assessment*

2026

$2,731 (+2.3%)

2025

$2,669 (+0.8%)

2024

$2,649 (+8.0%)

2023

$2,454 (−4.6%)

2022

$2,573 (+23.4%)

$48,000 + $132,000

$180,000

2021

$2,086 (−2.4%)

$48,000 + $96,000

$144,000

2020

$2,137 (+7.7%)

$46,000 + $95,000

$141,000

2019

$1,984 (+10.0%)

$39,000 + $89,000

$128,000

2018

$1,804 (+9.2%)

$33,000 + $76,000

$109,000

2017

$1,652 (+13.6%)

$33,000 + $76,000

$109,000

2015

$1,454 (+41.2%)

$35,000 + $56,000

$91,000

2014

$1,030 (−23.8%)

2013

$1,352 (−3.6%)

2012

$1,404

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

1995

Sq. Ft.

1,062

Year built

1980

Style

Condo/Co-op

County

Hennepin County

APN

28 028 24 14 0068

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

PMR

Planned Multifamily Residential District

Planned unit development PUD regulations provide an opportunity for innovative and creative development, while assuring that the development will complement existing neighborhood character. These regulations allow flexibility beyond that allowed by other zoning districts, if the proposed development is well designed and can be successfully integrated into the neighborhood. Planned developments provide flexibility in the application of the zoning code as it pertains to dimensional requirements, density and land uses without the use of the variance procedure of the code. Planned developments are also intended to encourage the efficient use of land and resources, to promote efficiency in public and utility services, and to encourage innovation in the planning and building of all types of development.

Property details

Parking

Parking Information
Parking Features: Detached, Asphalt, Shared Driveway, Electric, Garage Door Opener
Garage Spaces: 1
Garage Door Height: 7

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 1
Description: Main Floor Full Bath,Walk Thru

Room 1 Information
Room Type: Deck
Room Dimensions: 8x12
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 10x9
Room Level: Main

Room 3 Information
Room Type: Bedroom 1
Room Dimensions: 10x15
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 11x9
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Dimensions: 16x15
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 10x10
Room Level: Main

Basement Information
Basement Features: None

Dining Room Information
Dining Room Features: Breakfast Bar,Breakfast Area,Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room,Living/Dining Room,Separate/Formal Dining Room

Other Rooms Information
All Living Facilities on One Level,Main Floor Bedroom,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Living Room, Wood Burning

Heating & Cooling
Heating Information: Baseboard
Cooling Information: Wall Unit(s)

Interior Features
Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Deck
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Brick/Stone, Fiber Cement, Vinyl Siding
Foundation Area: 1,062
Roof: Age 8 Years or Less

Exterior Features
Fencing: None

Pool Information
Pool Features: None

Waterfront Information
On Waterfront
Waterfront Features: Lake Front, Lake View, Other, Shared
Water Body Name: Richfield Lake
Waterfront Num: 27002100
Lake Acres: 25
Lake Bottom: Reeds,Undeveloped,Weeds,Wetland
Lake Classification: Natural Environment
Road Between Waterfront And Home Y/N: No

Property Information
Above Ground Total Sq. Ft.: 1,062
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Manor/Village
Attached Property
Above Grade Finished Area: 1,062
TH Characteristics: End Unit,No Exterior Stairs,Single-Level
Amenities: Deck,Indoor Sprinklers,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Panoramic View,Washer/Dryer Hookup,Walk-In Closet

Lot Information
Lot Features: Accessible Shoreline, Zero Lot Line
Lot Size Area: 5.86
Lot Size Units: Acres
Lot Size Dimensions: Common
Road Responsibility: Association Maintained Road

Financial

Tax Information
Tax Annual Amount: $2,573
Tax Year: 2022
Tax With Assessments: $2,573

Lease / Rent Details
RentalLicense Y/N: No

Financial Information
Free and Clear

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers, 100 Amp Service
Power Company Name: Xcel Energy
Sewer: City Sewer/Connected
Fuel: Electric

Location

HOA Information
Association Name: New Concepts
Has HOA
Association Fee: $307
Association Fee Frequency: Monthly
Association Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Professional Mgmt, Trash, Snow Removal, Water

School Information
High School District: Richfield
School District Number: 280
School District Phone: 612-798-6010

Location Information
Directions: Please use GPS
Map Coordinate: 120-C4

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,062
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1980
Year Renovated: 1995
County: Hennepin County
APN: 28 028 24 14 0068

Home facts updated by county records on Jul 20, 2026

Other

Documents & Disclosures
Restrictions: Mandatory Owners Assoc,Pets - Cats Allowed,Pets - Dogs Allowed,Pets - Number Limit,Pets - Weight/Height Limit,Rental Restrictions May Apply

Home Information
Living Area: 1062
Main Level Finished Area: 1062.0000
Building Area Total: 1062
Age Of Property: 45
Levels: Two

About this building

Sorry, but there are no photos available for the building.

No units for sale

1020 Rae Dr, Richfield, MN 55423

See photos & sale trends

Photo not available

Units for sale

Unit Information Not Available

There aren't any units for sale in this building.

Around this home

Schools

Sheridan Hills Elementary School

Public PreK-5 • Assigned • 1.0mi

7/10

Richfield Middle School

Public 6-8 • Assigned • 1.2mi

4/10

Richfield Senior High School

Public 9-12 • Assigned • 0.7mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

2/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Richfield, MN • 55423

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.5 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.

10.5 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Richfield. 3 minutes to get started.

Nearby similar homes

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3D WALKTHROUGH

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New listings for sale in 55423

OPEN SEP 20, 12PM TO 1:30PM

$259,900

2 beds2 baths1,361 sq ft

7601 Aldrich Ave S #109, Richfield, MN 55423

$375,000

4 beds2 baths2,377 sq ft

1201 W 73rd St, Richfield, MN 55423

$1,200,000

3 beds3 baths2,520 sq ft

6354 Lyndale Ave S Unit W301, Richfield, MN 55423

$314,900

2 beds2 baths1,533 sq ft

6717 Queen Ave S, Richfield, MN 55423

$169,900

1 bed1 bath868 sq ft

7601 Aldrich Ave S #307, Richfield, MN 55423

$125,000

1 bed1 bath915 sq ft

6500 Woodlake Dr #906, Richfield, MN 55423

$375,000

4 beds3 baths1,696 sq ft

6315 Knox Ave S, Richfield, MN 55423

3D WALKTHROUGH

$300,000

3 beds1 bath1,303 sq ft

7512 Emerson Ave S, Richfield, MN 55423

$399,900

4 beds2 baths2,091 sq ft

7232 Girard Ave S, Richfield, MN 55423

Home values near 1020 Rae Dr #7

Data from public records.

Address	Redfin Estimate
1005 Rae Dr Apartment 8, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$217,519
1020 Rae Dr Apartment 6, Richfield, MN 2 Beds \| 1 Baths \| 1150 Sq. Ft.	$186,013

Address	Redfin Estimate
1020 Rae Dr Apartment 9, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$190,201
1020 Rae Dr Apartment 4, Richfield, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$244,093

Address	Redfin Estimate
1020 Rae Dr Apartment 8, Richfield, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$188,179
1025 Rae Dr Apartment 5, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$179,847

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 55423, MN

Sale history for 1020 Rae Dr #7

Tax history for 1020 Rae Dr #7

Public record

Property details

About this building

Unit Information Not Available

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55423

Home values near 1020 Rae Dr #7

More real estate resources