The property at 7012 1St Ave S, Richfield, MN 55423, built in 1946, is a 720 square foot Single Family and has 3 bedrooms and 1 bathrooms. It is situated on a lot that is 7,841 square feet and was last tax assessed in 2025 for a valuation of $212,400
The estimate for this property has experienced a 2.84% increase in the past 6 months reaching a value of $287,342.
Property Tax History
Source: Public Records
| Year | Assessment |
|---|---|
| 2023 | $217,000 +14.21% |
| 2022 | $190,000 |
| 2021 | $190,000 +17.91% |
| 2020 | $161,140 +10.46% |
| 2019 | $145,880 +7.21% |
| 2018 | $136,070 +9.66% |
| 2017 | $124,080 +12.89% |
| 2016 | $109,910 +6.33% |
| 2015 | $103,370 +23.43% |
| 2014 | $83,750 |
Valuation History
Source: Public Records
| Month | Valuation | Single Family Homes Sold | Median Sales Price/Sqft |
|---|---|---|---|
| Dec 2025 | $287,342 | - | - |
| Nov 2025 | $281,883 | - | - |
| Oct 2025 | $290,701 | - | - |
| Sep 2025 | $283,419 | - | - |
| Aug 2025 | $286,561 | - | - |
| Jul 2025 | $288,853 | - | - |
| Jun 2025 | $281,234 | - | - |
| May 2025 | $279,396 | - | - |
| Apr 2025 | $276,413 | - | - |
| Mar 2025 | $276,179 | - | - |
| Feb 2025 | $271,550 | - | - |
| Jan 2025 | $256,540 | - | - |
| Dec 2024 | $252,177 | - | - |
| Nov 2024 | $256,105 | - | - |
| Oct 2024 | $248,677 | - | - |
| Sep 2024 | $246,048 | - | - |
| Aug 2024 | $238,772 | - | - |
| Jul 2024 | $236,043 | - | - |
| Jun 2024 | $231,643 | - | - |
| May 2024 | $228,930 | - | - |
| Apr 2024 | $230,279 | - | - |
| Mar 2024 | $234,817 | - | - |
| Feb 2024 | $230,498 | - | - |
| Jan 2024 | $256,563 | - | - |
| Dec 2023 | $254,820 | - | - |
| Nov 2023 | $258,438 | - | - |
| Oct 2023 | $281,685 | - | - |
| Sep 2023 | $297,267 | - | - |
| Aug 2023 | $261,465 | - | - |
| Jul 2023 | $247,650 | - | - |
| Jun 2023 | $253,778 | - | - |
| May 2023 | $253,225 | - | - |
| Apr 2023 | $262,845 | - | - |
| Mar 2023 | $265,420 | - | - |
| Feb 2023 | $255,200 | - | - |
| Jan 2023 | $236,900 | - | - |
| Dec 2022 | $239,500 | - | - |
*Market History, including Median Sales Price per square foot, and Single Family Homes Sold is based on historical data of Zip Code: 55423 - MN
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 36,904 | 36,727 | 1,276,997 | 335,858,263 |
| Population Density | 5,213 | 5,408 | 2,307 | 95 |
| People per Household | 2.3 | 2.3 | 2.4 | 2.6 |
| Median Age | 40 | 40 | 39.3 | 39.1 |
| Median Income | $70,019 | $69,965 | $81,949 | $66,222 |
| Average Income | $37,399 | $37,368 | $47,951 | $35,475 |
| Cost of Living Index | 100 | 100 | 104 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 4.3°F | 4.3°F | 4.3°F | 22.6°F |
| July Avg. High Temp | 83.3°F | 83.3°F | 83.3°F | 86.2°F |
| Annual Precipitation | 29.41" | 29.41" | 29.41" | 38" |
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