147 1st St Excelsior, MN 55331
Estimated payment $4,091/month
Highlights
- Wood Burning Stove
- No HOA
- 1-Story Property
- Excelsior Elementary School Rated A+
- The kitchen features windows
- Forced Air Heating and Cooling System
About This Home
Charming one-story home in the heart of historic Excelsior Village, offering a rare opportunity to enjoy Lake Minnetonka living at an approachable price point. This 2-bedroom, 1-bath residence sits just steps from Water Street, where you can walk to numerous amazing restaurants, shops, Excelsior Commons, Kowalski's grocery, and the regional trail system. The home itself provides a simple, functional layout ideal for a seasonal retreat, summer getaway, or low-maintenance year-round living. Enjoy morning coffee on the porch, evenings at the lake, and the convenience of being close to marinas, parks, and the vibrant downtown scene that defines Excelsior. For those looking to build, the property also presents a prime custom build opportunity. Surrounded by high-end homes and ongoing investment in the area, this lot offers strong long-term potential. Listing agent has conceptual plans available for a new home designed to fit the site. Garage could be added to homesite. Whether you’re looking for a “cabin in the city,” a weekend escape, or a future build site in one of Lake Minnetonka’s most sought-after communities, this property offers flexibility and location that are hard to replicate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,463
Year Built
- Built in 1915
Lot Details
- Lot Dimensions are 37.5x132x39x132
- Few Trees
Parking
- On-Street Parking
Home Design
- Frame Construction
- Pitched Roof
- Block Exterior
Interior Spaces
- 741 Sq Ft Home
- 1-Story Property
- Wood Burning Stove
- Wood Burning Fireplace
- Free Standing Fireplace
- Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Basement
- Block Basement Construction
- Laundry in Basement
- Natural lighting in basement
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Auditors Sub 135 Subdivision
Listing and Financial Details
- Assessor Parcel Number 2711723440005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,216 | $577,900 | $576,000 | $1,900 |
| 2023 | $5,952 | $500,500 | $498,600 | $1,900 |
| 2022 | $5,701 | $426,000 | $424,000 | $2,000 |
| 2021 | $5,515 | $426,000 | $424,000 | $2,000 |
| 2020 | $5,495 | $412,000 | $410,000 | $2,000 |
| 2019 | $5,098 | $398,000 | $396,000 | $2,000 |
| 2018 | $5,119 | $370,000 | $365,000 | $5,000 |
| 2017 | $3,642 | $264,000 | $257,000 | $7,000 |
| 2016 | $3,546 | $252,000 | $244,000 | $8,000 |
| 2015 | $3,200 | $226,000 | $218,000 | $8,000 |
| 2014 | -- | $176,000 | $140,000 | $36,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/22/2026 03/22/26 | Pending | -- | -- | -- |
| 03/19/2026 03/19/26 | For Sale | $649,900 | -- | $877 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500 | None Listed On Document | |
| Warranty Deed | $500 | None Listed On Document | |
| Warranty Deed | $500 | None Listed On Document |
Source: NorthstarMLS
MLS Number: 7027546
APN: 27-117-23-44-0005
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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