$3,350,000
SOLD MAY 22, 2025

164 3rd St Excelsior, MN 55331

4 Beds
6 Baths
4,747 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$706 Per Sq Ft

4% Below List Price

38 Days on Market

Highlights

  • Family Room with Fireplace
  • Radiant Floor
  • No HOA
  • Excelsior Elementary School Rated A+
  • Corner Lot
  • 4-minute walk to Excelsior Commons

About This Home

As of May 2025

Tucked away in the picturesque village of Excelsior, this custom-built storybook home exudes timeless elegance and showcases meticulous attention to detail. Each feature highlights exquisite finishes, from the handcrafted woodwork to the carefully selected fixtures. The open concept layout elegantly combines modern convenience with classic charm, creating a warm and welcoming atmosphere. The kitchen, open to the great room and dining area, is a chef's dream with Wolf and Subzero appliances. The main floor boasts a luxurious primary bedroom with two walk-in closets and a marble bathroom, complete with a walk-in shower and soaking tub. Upstairs, find two en-suite bedrooms and a spacious, well-appointed loft. The lower level, with heated floors, includes a recreation room with a full-service bar, wine cellar, built-in humidor, exercise room, and a fourth bedroom currently used as an office. Cozy spaces like the main level den and the four-season screened porch with heated floors and a gas fireplace add to the home's charm. With a total of four fireplaces, a beautifully landscaped corner lot, and a two-stall heated garage, this residence offers a fantastic alternative to townhouse living without association dues!

Last Agent to Sell the Property

Lynne O'Reilly

Compass Listed on: 03/10/2025

Compass

Co-Listed By

Harry Johnson

Compass

Last Buyer's Agent

Desiree Zimmerman

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,327

Year Built

  • Built in 2017

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 78x103
  • Property has an invisible fence for dogs
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Rubber Roof
  • Wood Siding
  • Shake Siding
  • Cedar

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Stone Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Game Room with Fireplace
  • Loft
  • Utility Room Floor Drain
  • Home Gym
  • Radiant Floor

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Ceilings are 8 Feet High
  • Sump Pump
  • Drain
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Gas Water Heater
  • Water Softener is Owned

Additional Features

  • Air Exchanger
  • Porch

Community Details

  • No Home Owners Association
  • Sheldons Sub Of Lts 56 60 Excelsior Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723120108

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,327

Year Built

Built in 2017

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 3
  • Water Source: City Water/Connected
  • Year Built: 2017
  • Above Grade Finished Sq Ft: 2922
  • Unit Levels: Modified Two Story
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Drain Tiled, 8 ft+ Pour, Egress Window(s), Finished, Full, Concrete, Sump Pump
  • Appliances: Air-To-Air Exchanger, Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Amusement Room, Family Room, Gas, Living Room, Other, Stone
  • Living Area: 4747
  • Below Grade Finished Sq Ft: 1825
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Amusement Room, Exercise Room, Bar/Wet Bar Room, Loft, Library, Porch, Game Room

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 3

Exterior Features

  • Roof: Shake, Age 8 Years or Less, Rubber, Wood
  • Fencing: Invisible, Partial, Wood
  • ConstructionMaterialsDesc: Concrete,Frame
  • PatioPorchType: Front Porch,Patio

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Other Surface, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage

Utilities

  • Heating: Forced Air, Radiant Floor
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 78x103
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Lot Features: Corner Lot, Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Cedar, Fiber Cement, Shake Siding, Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3411723120108
  • Tax Annual Amount: 33327
  • TaxWithAssessments: 33327.1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
May 22, 2025
Sold by
Mahalich Gregg and Mahalich Teresa
Bought by
Penny Lynn Bursch-Johnson Revocable Trust
Seller's Agent
Lynne O'Reilly
Compass
Buyer's Agent
Desiree Zimmerman
Compass
List Price
$3,495,000
Sold Price
$3,350,000
Premium/Discount to List
-$145,000
-4.15%
Views
42
Current Estimated Value
$3,246,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$103,653
Avg. Annual Appreciation
-5.10%

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bredael Stephanie A and Bredael Scott A
Bought by
Mahalich Gregg and Mahalich Teresa

Purchase Details

Closed on
Dec 28, 2001
Sold by
Barnheiser Robert B and Barnheiser Angela M
Bought by
Bredael Scott A and Bredael Stephanie A

Purchase Details

Closed on
Oct 29, 1998
Sold by
Douglas Donald R
Bought by
Barnheiser Robert B and Barnheiser Angela M

Purchase Details

Closed on
Apr 29, 1996
Sold by
Gobel Esther B
Bought by
Douglass Donald R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,350,000 Legacy Title
Warranty Deed $600,000 Burnet Title
Warranty Deed $285,000 --
Warranty Deed $185,425 --
Warranty Deed $118,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2025 05/22/25 Sold $3,350,000 -4.1% $706 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $3,495,000 -- $736 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $33,327 $2,405,300 $704,000 $1,701,300
2023 $30,010 $2,236,800 $886,400 $1,350,400
2022 $23,478 $2,039,000 $754,000 $1,285,000
2021 $22,730 $1,594,000 $518,000 $1,076,000
2020 $23,144 $1,550,000 $502,000 $1,048,000
2019 $22,737 $1,530,000 $484,000 $1,046,000
2018 $13,070 $1,505,000 $447,000 $1,058,000
2017 $6,451 $472,000 $314,000 $158,000
2016 $6,376 $456,000 $299,000 $157,000
2015 $5,961 $420,000 $266,000 $154,000
2014 -- $319,000 $171,000 $148,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6681991

NorthstarMLS

APN: 34-117-23-12-0108