$1,125,000
PENDING

168 1st St Excelsior, MN 55331

Estimated payment $7,181/month

Total Views 5,296
4 Beds
3.5 Baths
3,000 Sq Ft
$375 Price per Sq Ft

Highlights

  • Family Room with Fireplace
  • Main Floor Primary Bedroom
  • No HOA
  • Excelsior Elementary School Rated A
  • Loft
  • Stainless Steel Appliances

About This Home

Welcome to the stunning 2 story cottage style home nestled a block from the shores of Lake Minnetonka and the charming village of Excelsior. This beautifully remodeled home by Lake Country Builders seamlessly blends modern amenities with classic charm. As you step inside this inviting home you will discover an abundance of natural light flowing through. The main floor features the primary owners suite, a spacious living room with a cozy stone surrounded gas fireplace. The gourmet kitchen boasts sleek counter tops, SS/appliances, and ample cabinet space. This home offers 2 additional bedrooms and bathroom on the upper level along with a large loft/ office space that truly makes this space stand out. As you enter the lower level you enter your private sanctuary where you have a large wet bar which is a great space for entertaining and living room with an additional gas fireplace. The lower level is also home to the large 4th bedroom with private full bath. The backyard leads you to your private studio space with electric heat. With its perfect blend of modern refinement this home is a true gem in the heart of Excelsior. Roof, furnace, AC have all been done in the past 5 years.

Listing Agent

Jeffrey Schulz

RE/MAX Advantage Plus Listed on: 05/20/2025

RE/MAX Advantage Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,616

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 162x40x156x37

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Guest Parking

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Loft

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Additional Features

  • Front Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Auditors Sub 135 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2711723440021

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,616

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air, Ductless Mini-Split
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1750
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Finished, Full
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Family Room, Gas
  • Living Area: 3000
  • Below Grade Finished Sq Ft: 1250
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Family Room, Foyer, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Loft, Mud Room, Bar/Wet Bar Room, Living Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less
  • Other Structures: Studio
  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Detached, Garage Door Opener, Guest Parking
  • Garage Square Feet: 484

Utilities

  • Heating: Ductless Mini-Split, Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Skylight,Tile Floors,Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 162x40x156x37
  • Lot Size Sq Ft: 6098.4
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Engineered Wood

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2711723440021
  • Tax Annual Amount: 11616
  • TaxWithAssessments: 11616.0000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $11,617 $911,500 $581,700 $329,800
2022 $10,821 $814,000 $495,000 $319,000
2021 $10,370 $768,000 $495,000 $273,000
2020 $8,761 $740,000 $479,000 $261,000
2019 $7,872 $618,000 $462,000 $156,000
2018 $7,771 $562,000 $406,000 $156,000
2017 $6,588 $469,000 $285,000 $184,000
2016 $6,405 $445,000 $271,000 $174,000
2015 $6,048 $413,000 $242,000 $171,000
2014 -- $306,000 $155,000 $151,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Pending -- -- --
06/04/2025 06/04/25 Off Market $1,125,000 -- --
05/20/2025 05/20/25 For Sale $1,125,000 -- $375 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Warranty Deed $164,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $250,000 Credit Line Revolving
Closed $137,000 New Conventional
Previous Owner $125,000 Unknown
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6724413

NorthstarMLS

APN: 27-117-23-44-0021