7240 3rd Ave S, Richfield, MN 55423
Property image
Property image
OFF MARKET

$366,700

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,589 sqft

7240 3rd Ave S, Richfield, MN 55423

Refinance Your Home
Currently Off Market - Sold Jun 30, 2016 for $243,800

Home Value

Trulia Estimate
$367K
Since last month
Decreased$7K (-1.8%)
Since last year
Increased$2K (+0.4%)
Since last sale
Increased$123K (+50.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +50% in the last 10 years
MonthEstimated value
2026
August 2026$367K
August 2026$367K
July 2026$373K
June 2026$376K
May 2026$377K
April 2026$377K
March 2026$374K
February 2026$367K
January 2026$363K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7221 Clinton Ave, Minneapolis, MN
0.08
Single-Family Home
$355,000
11/26/25
3
2
1,826
7300 3rd Ave S, Richfield, MN
0.03
Single-Family Home
$280,000
04/24/26
3
1
1,620
7245 1st Ave S, Richfield, MN
0.15
Single-Family Home
$215,000
06/15/26
3
2
1,541
7232 2nd Ave S, Richfield, MN
0.07
Single-Family Home
$290,000
04/10/26
3
1.5
1,080
7308 Clinton Ave, Minneapolis, MN
0.08
Single-Family Home
$350,000
01/23/26
3
2
1,998
7333 1st Ave S, Richfield, MN
0.18
Single-Family Home
$349,000
02/27/26
3
2
1,487
7133 2nd Ave S, Richfield, MN
0.15
Single-Family Home
$310,000
11/03/25
3
2
1,322
7337 4th Ave S, Richfield, MN
0.20
Single-Family Home
$339,000
10/01/25
3
2
1,680
7224 2nd Ave S, Richfield, MN
0.07
Single-Family Home
$365,000
03/20/26
3
2
2,360
7124 Stevens Ave, Minneapolis, MN
0.20
Single-Family Home
$315,000
09/17/25
3
2
1,800

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7305 3rd Ave S, Richfield, MN 55423
0.05
$317,500
4
1
1,562
Recently Sold
7300 3rd Ave S, Richfield, MN 55423
0.03
$280,000
3
1
1,620
Recently Sold
7244 Clinton Ave S, Richfield, MN 55423
0.06
$369,000
3
1.5
2,064
For Sale
7238 Clinton Ave, Minneapolis, MN 55423
0.06
$315,800
4
1.5
1,227
Off Market
7234 Clinton Ave, Minneapolis, MN 55423
0.06
$319,700
2
2
1,591
Off Market
7308 Clinton Ave, Minneapolis, MN 55423
0.08
$350,000
3
2
1,998
Recently Sold
7237 2nd Ave S, Richfield, MN 55423
0.03
$360,300
3
2
1,678
Off Market
7228 Clinton Ave, Minneapolis, MN 55423
0.07
$324,400
3
2
1,306
Off Market
7312 Clinton Ave, Richfield, MN 55423
0.08
$468,700
3
2
1,692
Off Market
7220 Clinton Ave, Minneapolis, MN 55423
0.08
$362,100
3
2
1,821
Off Market
7305 Clinton Ave, Minneapolis, MN 55423
0.10
$372,800
3
2
2,017
Off Market
7235 Clinton Ave, Minneapolis, MN 55423
0.10
$343,400
3
2
1,527
Off Market

Local Information

  • Map ViewExplore the area around 7240 3rd Ave S.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1954
Living Area
1,589 sqft
Price/Sqft
$231
Parking
Garage

About this House

This single-family home is located at 7240 3rd Ave S, Richfield, MN. 7240 3rd Ave S is in Richfield, MN and in ZIP code 55423. This property has 3 bedrooms, 2 bathrooms and approximately 1,589 sqft of floor space. This property has a lot size of 8712 sqft and was built in 1954.
7240 3rd Ave S, Richfield, MN 55423 is a 3 bedroom, 2 bathroom, 1,589 sqft single-family home built in 1954. It last sold for $243,800 on Jun 30, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $366,700, with a rent estimate of $2,365/month.

Home Details for 7240 3rd Ave S

Interior Features

Interior Details
BasementNumber of Rooms: 5Types of Rooms: Family Room
Heating & Cooling
Heating: Wall, GasAir ConditioningHeating Fuel: Wall
Levels, Entrance, & Accessibility
Stories: 1.25Floors: Hardwood
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: WoodPatio
Parking & Garage
GarageParking Spaces: 2Parking: Garage Detached

Property Information

Year Built
Year Built: 1954Year Updated: 1980
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Community

Units in Building: 1

Lot Information

Lot Area: 6441 sqft

Price and Tax history

DateEventPrice
Jun 30, 2016
Source: NorthstarMLS as distributed by MLS GRID #4710996
Sold
$243,800
May 29, 2016
Source: Agent Provided
Pending
$236,900
May 5, 2016
Source: Agent Provided
Listed For Sale
$236,900
May 27, 2011
Source: Lake Superior Area Realtors as distributed by MLS GRID #1295563
Sold
$174,900
May 8, 2011
Source: Agent Provided
Pending
$174,900

Market trends in Richfield

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$365K
$6.35KMoM
Sale-to-List Price
100.6%
Price per sq ft
$194
$3MoM
Available listings
120
3MoM

Around this home

What Locals Say about Richfield

At least 167 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 89 % Say parking is easy

  • 86 % Say yards are well-kept

  • 74 % Say kids play outside

  • 73 % Say people would walk alone at night

  • 72 % Say streets are well-lit

  • 69 % Say car is needed

  • 67 % Say it's walkable to restaurants

  • 67 % Say there's holiday spirit

  • 66 % Say it's walkable to grocery stores

  • 63 % Say they plan to stay for at least 5 years

  • 63 % Say it's quiet

  • 57 % Say there's wildlife

  • 57 % Say neighbors are friendly

  • 54 % Say there are sidewalks

  • 45 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Tc651
    "Safe neighborhoods and nice neighbors. Some speeding sometimes but that’s expected overall very safe and livable for a family. "
    0
    Flag
  • Miracle McClain
    "There’s only sidewalks on the main streets so that may be a con but there is a dog park off of Portland so kind of a plus. "
    0
    Flag
  • Miracle McClain
    "I love Richfield. Very family friendly. Good access to public transportation. Safe, neighbors are friendly, there’s a local farmers market in the summers, and lot of parks for kids. "
    0
    Flag
  • Patricia Robinson
    "My neighborhood has access to various bus routes a few minutes from the mall of America south Dale and other nearby shopping areas"
    0
    Flag
  • Trulia User
    "access to stores such as target and grocery stores are so close. great neighbors. restaurants are close and food is good. "
    1
    Flag
  • Jasonheinrichs
    "My neighborhood is safe and has almost direct access to 3 of the busiest highways in Minneapolis. From 494, 35 West to the 62 Crosstown, you’re close enough to the Metro and Cities, but you have a nice, quiet neighborhood with younger kids and families to older people and everyone in between."
    0
    Flag
  • Tinarae95
    "This area has a lot of bus stops and transportation options provided by the metro transit center. Can easily get around with the bus systems"
    0
    Flag
  • Michaela M.
    "I work in Richfield so the commute is really quick, only takes me two minutes. It’s a great place to live "
    0
    Flag
  • Denise P.
    "If you work downtown, great transit access. I drive to suburbs now and it is ok. About 20-30 min commute."
    1
    Flag
  • Joshjayeallday
    "Make sure your kids clean up after themselves. Don’t let them leave toys all over the lawn. Keep them quiet because people are trying to nap. !!!"
    0
    Flag
  • Keri J.
    "They would like the sidewalks and parks and friendly neighbors! Lots of dog owners Hahahahahahaha"
    0
    Flag
  • Nkuti N.
    "simple, straight forward. lots of freeway access to 494, 35w, 62 and lyndale takes your right to uptown "
    0
    Flag
  • Kyle
    "Great Neighborhood, and Friendly people. The parks near by are amazing! I just wish it had a dog park."
    0
    Flag
  • Kristine L.
    "we all have dogs so I don't think they'll be any problems. All of the dogs well behaved with minimal barking."
    0
    Flag
  • KMoe
    "I love Richfield. It’s close enough to Minneapolis to get into the city and enjoy what Minneapolis has to offer, but far enough away to have yards and be able to spread out and enjoy some quaint, yet unpretentious suburban living!"
    1
    Flag
  • Sean H
    "I've had family in Richfield my whole life, and have lived here full time for seven years. I love it! My neighborhood is peaceful and friendly. 66th Street has a ton of restaurants and shops. It's easy to bike, drive, or take the bus anywhere you want to go."
    1
    Flag
  • Jeanna V.
    "There are many families and people value the racial & ethnic diversity here. Rochfield Community supports one another when times are tough. It's very central and easy to get places. "
    0
    Flag
  • Jeanna V.
    "Richfield 4th of July is a tradition for us. We love farmer's market and ice cream treats at the Malt shop. Richfield has incredible Mexican food at places like El Tejaban and Andale. Local Roots is a favorite coffe shop with kids eat free on Mondays. "
    0
    Flag
  • Nightz_mistress
    "It’s family friendly place which includes fur babies too. I see people walking dogs often around here"
    1
    Flag
  • Majamerts
    "There are highways and busy intersections but LOTS of side streets and I see dog walkers everywhere! The only downside is there’s not enough sidewalks "
    0
    Flag
  • Carlos C.
    "I've lived in Richfield since 2010. I love this city. It's safe and friendly to raise a kid and walk you dog "
    0
    Flag
  • Sindy g.
    "Neighbors know each other. Younger families moving in, but still melding well with lifers. Good place to raise a family - close enough to the city but still suburban living."
    1
    Flag
  • J S.
    "Quiet neighborhood where we cam let our children play inn the driveway. Very little traffic I our area. Parks within walking distance for the kids and community events for the family. We habe lived here for 6yrs with no complaints at all. "
    0
    Flag
  • Rogelio o.
    "I am living here for 9 years ,it is nice and safe place easy to go anywhere, police do their job, city do their job, but we need more community events. ..."
    0
    Flag
  • Kerrikleinschmidt
    "my daughter lives in this neighborhood with her family and I work here. I love the easy access to shopping, eating, and the neighborhood."
    1
    Flag
  • J S.
    "Quiet neighborhood where my kids cam play without me worrying. We have a parkwithin a 5 min walk in either direction. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 7240 3rd Ave S

  • What is 7240 3rd Ave S estimated to be worth?
    Trulia's estimated value for 7240 3rd Ave S in Richfield, MN is $366,700.
  • What is the price history for 7240 3rd Ave S?
    7240 3rd Ave S in Richfield, MN last sold for $243,800 in June 2016.
  • Is Richfield a buyer's or seller's market?
    Richfield is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Richfield?
    The median sale price in Richfield is $365K. That is up $6.35K from the prior month.
  • How big is the lot at 7240 3rd Ave S?
    The lot at 7240 3rd Ave S in Richfield, MN is about 0.20 acres (8,712 sq ft).
  • Does 7240 3rd Ave S have a garage?
    Yes, 7240 3rd Ave S in Richfield, MN has a garage.

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