OFF MARKET

Off Market Feb 2020 for $174K

$188,179

Est. refi paymentEst. refi $1,310/mo

•

—

sq ft

1020 Rae Dr #8, Richfield, MN 55423

About this home

One level, ground floor living with walkout second story views of Richfield Lake! This 2 bedroom, 1 bathroom condo offers a fantastic location close to shopping and dining, and directly overlooks Richfield Lake park, with water views from your private 2nd story deck and easy access to the nearby walking trail. The second bedroom is currently being used as an office, complete with built-in desk and bookshelves. The spacious master offers a walk-in closet, as well as a private mirrored vanity complete with sink. New high efficiency Rheem water heater installed in 2017. Private oversized one-car garage complete with existing workbench and storage comes with the unit. Additional storage unit located off your private deck. Wood burning fireplace in the living room recently inspected and given a clean bill of health. Mere blocks from the Wood Lake Nature Center, Pizza Luce, LA Fitness, Petco, and many more! Welcome home.

CondoProperty Type

1980Year Built

1 car garageParking

Listed by Steve Albers • RE/MAX Results

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5323791

Redfin Estimate

$188,179

$14K since sold in February 2020$8,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.4% higher than the average sale price ($163K) of 5 comparable homes.

SOLD AUG 10, 2026
$110,100
A
2 beds1 bath— sq ft
6615 Lake Shore Dr S #705, Richfield, MN 55423
SOLD MAY 26, 2026
$200,000
B
2 beds1 bath— sq ft
1030 W 66th St #4, Richfield, MN 55423
SOLD APR 15, 2026
$110,000
C
2 beds1 bath— sq ft
6615 Lake Shore Dr S #604, Richfield, MN 55423
SOLD JUL 29, 2026
$225,000
D
2 beds2 baths— sq ft
6500 Woodlake Dr #910, Richfield, MN 55423
SOLD AUG 13, 2026
$170,000
E
2 beds1 bath— sq ft
6901 Penn Ave S #204, Richfield, MN 55423

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Earn from this home

Refinance

Est. cash available

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Rent

$1,383/mo

Redfin rental estimate

List your home for rent

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 #8

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5323791

Feb 10, 2020

Sold

$174,000

Jan 14, 2020

Pending

—

Jan 2, 2020

Contingent

—

Dec 19, 2019

Relisted

—

Dec 16, 2019

Contingent

—

Nov 27, 2019

Listed

$174,000

NORTHSTARMLS as Distributed by MLS Grid #4592302

May 22, 2015

Sold

$124,600

May 19, 2015

Pending

—

May 5, 2015

Contingent

—

May 1, 2015

Listed

$124,900

+13

Public Records

Sep 28, 2001

Sold

$127,500

NORTHSTARMLS as Distributed by MLS Grid #1625938

Aug 31, 2001

Listing Removed

—

Aug 10, 2001

Listed

$127,500

Public Records

May 1, 1986

Sold

$77,000

Public Records

Aug 1, 1980

Sold

$73,900

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2026

$3,234 (+4.4%)

$45,000 + $172,800

$217,800

2025

$3,098 (+7.8%)

$48,000 + $165,400

$213,400

2024

$2,876 (+7.2%)

$48,000 + $159,600

$207,600

2023

$2,683 (+10.4%)

$48,000 + $155,000

$203,000

2022

$2,430 (+15.7%)

$48,000 + $122,000

$170,000

2021

$2,100 (−2.4%)

$48,000 + $97,000

$145,000

2020

$2,152 (+7.6%)

$46,000 + $96,000

$142,000

2019

$2,000 (+41.2%)

$39,000 + $90,000

$129,000

2018

$1,416 (+9.9%)

2017

$1,288 (+24.4%)

2015

$1,035 (+0.5%)

2014

$1,030 (−23.8%)

2013

$1,352 (−3.6%)

2012

$1,404

Tax history for 1020 Rae Dr #8

Year

Property tax

Land + Additions

Assessment*

2026

$3,234 (+4.4%)

$45,000 + $172,800

$217,800

2025

$3,098 (+7.8%)

$48,000 + $165,400

$213,400

2024

$2,876 (+7.2%)

$48,000 + $159,600

$207,600

2023

$2,683 (+10.4%)

$48,000 + $155,000

$203,000

2022

$2,430 (+15.7%)

$48,000 + $122,000

$170,000

2021

$2,100 (−2.4%)

$48,000 + $97,000

$145,000

2020

$2,152 (+7.6%)

$46,000 + $96,000

$142,000

2019

$2,000 (+41.2%)

$39,000 + $90,000

$129,000

2018

$1,416 (+9.9%)

2017

$1,288 (+24.4%)

2015

$1,035 (+0.5%)

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

2000

Sq. Ft.

1,062

Year built

1980

Style

Condo/Co-op

County

Hennepin County

APN

28 028 24 14 0069

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
Garage Spaces: 1

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 2

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

Room 1 Information
Room Dimensions: 15x6
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 9x9
Room Level: Main

Room 3 Information
Room Type: Bedroom 1
Room Dimensions: 15x11
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 11x8
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: 12x12
Room Level: Main

Room 7 Information
Room Type: Utility Room
Room Dimensions: 8x6
Room Level: Main

Room 8 Information
Room Dimensions: 8.5x4
Room Level: Main

Basement Information
Basement Features: None

Dining Room Information
Dining Room Features: Eat In Kitchen,Informal 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: Window Unit(s)

Interior Features
Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Deck, Utility Room, Walk In Closet
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Brick/Stone, Wood Siding
Foundation Area: 1,062
Roof: Asphalt

Pool Information
Pool Features: None

Waterfront Information
Waterfront Features: Lake View
Water Body Name: Richfield Lake
Waterfront Num: 27002100
Lake Acres: 25
Lake Classification: Natural Environment

Property Information
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Low Rise
Attached Property
Above Grade Finished Area: 1,062
Amenities: Balcony,Deck,Kitchen Window,Natural Woodwork,Washer/Dryer Hookup

Lot Information
Lot Features: Public Transit (w/in 6 blks), Property Adjoins Public Land, Tree Coverage - Light
Lot Size Units: Acres
Lot Size Dimensions: common
Road Frontage Type: City Street, Cul De Sac, Curbs, Paved Streets, Sidewalks

Financial

Tax Information
Tax Annual Amount: $2,000
Tax Year: 2019
Tax With Assessments: $2,000

Lease / Rent Details
RentalLicense Y/N: No

Financial Information
Free and Clear

Utilities

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

Location

HOA Information
Association Name: New Concepts Management
Has HOA
Association Amenities: Fire Sprinkler System
Association Fee: $295
Association Fee Frequency: Monthly
Association Fee Includes: Maintenance Structure, 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: 66th St East of 35W to Rae Drive. Go 1/2 block north, west into cul-de-sac. Building on the right.
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: 2000
County: Hennepin County
APN: 28 028 24 14 0069

Home facts updated by county records on Jul 20, 2026

Other

Documents & Disclosures
Restrictions: Pets - Cats Allowed,Pets - Dogs Allowed,Pets - Number Limit,Pets - Weight/Height Limit

Home Information
Living Area: 1062
Main Level Finished Area: 1062.0000
Levels: One

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

Estimated sale price

$179,000 – $217,000

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

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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

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$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

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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

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Home values near 1020 Rae Dr #8

Data from public records.

Address	Redfin Estimate
1005 Rae Dr Apt 8, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$217,519
1020 Rae Dr Apt 4, Richfield, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$244,093

Address	Redfin Estimate
1020 Rae Dr Apt 9, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$190,201
1025 Rae Dr Apt 5, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$179,847

Address	Redfin Estimate
1020 Rae Dr Apt 6, Richfield, MN 2 Beds \| 1 Baths \| 1150 Sq. Ft.	$186,013
1025 Rae Dr Apt 7, Richfield, MN 2 Beds \| 1 Baths \| 1062 Sq. Ft.	$170,264

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55423, MN

Sale history for 1020 Rae Dr #8

Tax history for 1020 Rae Dr #8

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 #8

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