903 Rae Dr is a 1,061 square foot townhouse on a 1,307 square foot lot with 3 bedrooms and 2 bathrooms. - it last sold on May 09, 1996 for $88,500. Based on Redfin's Richfield data, we estimate the home's value is $244,897.
TownhomeProperty Type
1986Year Built
1,307 sq ftLot Size
$231Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$244,897
$156K since sold in May 1996$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 31.9% lower than the average sale price ($360K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
MR-3
High Density Multi-Family Residential District
The purposes of the MR-3 District regulations are to reserve appropriately located areas for family living in a variety of types of dwellings at a reasonable range of population densities; preserve as many as possible of the desirable characteristics of the single-family district, while permitting higher population densities; provide space for semi-public facilities needed to complement urban residential areas and space for institutions that require a residential environment; minimize traffic congestion and avoid the overloading of utilities by preventing the construction of buildings of excessive size in relation to the surrounding infrastructure; and to provide multifamily residential areas that are safe and attractive.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Multiple units
Jan 16, 2026 • Final
Plumbing
Install a new water heater.
Plumbing
Water heater
Dec 3, 2025 • Active
Mechanical
Replace the furnace.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 884
Basement Finish: Partially Finished
Bathroom Information
# of Full Baths: 1
# of 3/4 Baths: 1
Heating & Cooling
Heating Type: Forced Air
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Concrete Block
Building Style Type: Split Foyer
Exterior Wall: Metal
Roof Covering Type: Asphalt
Roof Framing Type: Wood
Roof Shape Type: Gable
Property Information
Subdivision Name: RAE 3RD ADD
Living Sq. Ft: 1,061
Gross Sq. Ft: 1,768
Adjusted Gross Sq. Ft: 1,768
Ground Floor Sq. Ft: 884
Building Sq. Ft: 1,768
Stories Type: Split Foyer
Legal Description: LOT 001 BLOCK 001 RAE 3RD ADDN
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Basement Garage
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Basement
Lot Information
# of Buildings: 1
Land Sq. Ft: 1,307
Legal Lot Number: 1
Legal Block Number: 1
Municipality Name: RICHFIELD
Acres: 0.03
Depth Footage: 120
Front Footage: 40
County Use Description: TOWNHOUSE
Location Information
Parcel Location Influence: Lake
Utility Information
Electricity / Wiring Type: Average Wiring
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,061
Stories: —
Lot Size: 1,307 square feet
Style: Townhouse
Year Built: 1986
Year Renovated: 1990
County: Hennepin County
APN: 28 028 24 14 0360
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Sheridan Hills Elementary School
Public PreK-5 • Assigned • 1.1mi
7/10
Richfield Middle School
Public 6-8 • Assigned • 1.2mi
4/10
Richfield Senior High School
Public 9-12 • Assigned • 0.6mi
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)
22
7
30
14
49
29
58
39
71
51
79
62
84
67
80
65
78
60
65
48
45
32
29
15
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
$233,000 – $282,000
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