7221 Grand Ave
Richfield, MN 55423
3 bd 2 ba 1,542 sqft Built 1948 Lot 6,098 sqft single_family
Most recent sale
$326,000
May 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 12, 2022 | Sold | $326,000 | MLS #6165205 |
| Mar 16, 2022 | Listed | $305,000 | MLS #6165205 |
| Oct 22, 2020 | Sold | $275,000 | MLS #5641276 |
| Sep 1, 2020 | Price changed | $289,000 | MLS #5641276 |
| Aug 15, 2020 | Listed | $294,500 | MLS #5641276 |
| Sep 20, 2011 | Sold | $168,500 | MLS #4055599 |
| Jun 6, 2011 | Listed | $174,900 | MLS #4055599 |
| May 18, 1999 | Sold | $122,000 | Public Record |
| Mar 19, 1998 | Sold | $90,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $272,384 | $3,991 |
| 2024 | — | — | $287,907 | $4,005 |
| 2023 | — | — | $284,430 | $3,986 |
| 2022 | — | — | $225,910 | $3,238 |
| 2021 | — | — | $217,550 | $3,162 |
| 2020 | — | — | $200,380 | $3,358 |
| 2019 | — | — | $192,750 | $3,264 |
| 2018 | — | — | $172,040 | $3,327 |
| 2017 | — | — | $154,600 | $2,370 |
| 2016 | — | — | $149,150 | $3,021 |
| 2015 | — | — | $141,520 | $2,295 |
| 2014 | — | — | $111,000 | $2,008 |
| 2013 | — | — | $129,530 | $2,291 |
| 2012 | — | — | $125,170 | $2,097 |
| 2011 | $93,000 | $65,000 | $158,000 | $2,194 |
| 2010 | $105,000 | $77,000 | $182,000 | $2,318 |
| 2009 | $116,000 | $84,000 | $200,000 | $2,393 |
| 2008 | $116,000 | $95,000 | $211,000 | $2,383 |
| 2007 | $116,000 | $86,000 | $202,000 | $2,212 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,542 sqft
Lot size
6,098 sqft
ZIP code
55423
City
Richfield
Street
Grand Ave
Coordinates
44.87186, -93.28422
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,313
Gross rental yield
8.51%
Implied cap rate
5.53%
Trend-extrapolated value
—
Frequently asked questions
When did 7221 Grand Ave last sell?
7221 Grand Ave most recently sold on May 12, 2022 for $326,000.
What is the current tax assessment for 7221 Grand Ave?
The most recent total assessment for 7221 Grand Ave (year 2025) is $272,384 with $3,991 in property tax.
How does 7221 Grand Ave's assessment compare to its last sale price?
The current assessment is 16.4% below the last sale price of $326,000.
When was 7221 Grand Ave built?
7221 Grand Ave was built in 1948.
How does 7221 Grand Ave compare to others on Grand Ave?
We track 8 other properties on Grand Ave. Browse the list under "Other properties on Grand Ave" to compare beds, baths, and sale history.
What are the property facts for 7221 Grand Ave?
7221 Grand Ave is a 3 bed, 2 bath, 1,542 sqft, 6,098 sqft lot single_family.
Is 7221 Grand Ave a flip candidate?
No — 7221 Grand Ave does not appear in our flips dataset.
Is 7221 Grand Ave a tax-appeal candidate?
No — 7221 Grand Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.5%
Implied 1-yr
+2.1%
2026 Q3
$392.4K
2026 Q4
$394.4K
ZIP 55423 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Grand Ave