NOT LISTED FOR SALE

2 Bell St Excelsior, MN 55331

Estimated Value: $2,091,000 - $3,982,000

3 Beds
3.5 Baths
3,377 Sq Ft
$944/Sq Ft Est. Value

Last Sold November 06, 2013

Last sale price $2,340,000 $693 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $21,408/month

59 Days on Market

Highlights

  • 125 Feet of Waterfront
  • Docks
  • Property is near public transit
  • Excelsior Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of November 2013

Absolutely incredible setting with views all the way to Wayzata! 3-part tandem garage. 125' of hard pack sand beach shoreline. An innovative remodel in 1990 preserved history & old world charm in the heart of Excelsior.

Last Agent to Sell the Property

Candice Stabeck

Lakes Sotheby's International Listed on: 08/02/2013

Co-Listed By

Timothy Berg

Edina Realty, Inc.

Last Buyer's Agent

Kristi Weinstock

Coldwell Banker Burnet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,289

Year Built

  • Built in 1914

Lot Details

  • 0.43 Acre Lot
  • 125 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Open Floorplan
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Sump Pump
  • Drain

Parking

  • 3 Car Attached Garage
  • Tandem Garage
  • Garage Door Opener

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier

Additional Features

  • Air Exchanger
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 3411723120048

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,289

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Dock, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 0.43
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1420
  • Mechanicals: Air to Air Exchange, Furnace Humidifier
  • Parcel Number: 3411723120048
  • Projected Closed Date: 11/06/2013
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Street
  • Taxes With Assessments: 20289
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen, Combine with Living Room, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Full Master, Main Floor 1/2 Bath, Main Floor 3/4 Bath, Private Master, Upper Level Bath
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Room 1: Living Room, 17x13, On Level: Main
  • Room 2: Dining Room, 16x13, On Level: Main
  • Room 4: Kitchen, 20x12, On Level: Main
  • Room 5: Bedroom, 14x13, On Level: Upper
  • Room 6: Bedroom, 13x12, On Level: Upper
  • Room 7: 13x11, On Level: Upper
  • Room 9: Sunroom/Solarium, 35x9, On Level: Main
  • Room 10: Den/Office, 11x9, On Level: Main
  • Room 11: Den/Office, 9x8, On Level: Upper
  • Room 12: Rec Room, 13x11, On Level: Lower
  • Room 13: Storage Room, 11x8, On Level: Lower
  • Basement Features: Drainage System, Partially Finished, Sump Pump
  • Finished Above Grade Sq Ft: 2917
  • Below Grade Finished Sq Ft: 460
  • Total Fin Square Footage: 3377

Exterior Features

  • Frontage Road: City, Dead End/No Outlet, Paved
  • LakeAcres: 14652
  • Exterior: Stucco
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 125
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached, Tandem
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Minnetonka #276

Lot Info

  • Estimated Lot Dimensions: irregular
  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Building Info

  • Year Built: 1914

Tax Info

  • Year: 2013
  • Tax Value: 20289

MLS Schools

  • School District: Minnetonka #276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2013
Closed on
Oct 8, 2013
Sold by
Koens Valerie J and Koens Robert B
Bought by
Malsam Jeffrey J and Malsam Kristina L
Seller's Agent
Candice Stabeck
Lakes Sotheby's International
Buyer's Agent
Kristi Weinstock
Coldwell Banker Burnet
List Price
$2,295,000
Sold Price
$2,340,000
Premium/Discount to List
$45,000
1.96%
Current Estimated Value
$3,188,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$848,202
Avg. Annual Appreciation
2.63%
Original Mortgage
$1,755,000
Outstanding Balance
$1,305,313
Interest Rate
4.24%
Mortgage Type
New Conventional
Estimated Equity
$1,882,889
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Malsam Jeffrey J $2,340,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malsam Jeffrey J $1,755,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2013 11/06/13 Sold $2,340,000 +2.0% $693 / Sq Ft
09/30/2013 09/30/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $2,295,000 -- $680 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $53,256 $3,824,400 $3,814,400 $10,000
2023 $52,662 $3,900,000 $3,553,300 $346,700
2022 $41,077 $3,433,000 $3,117,000 $316,000
2021 $39,031 $2,729,000 $2,474,000 $255,000
2020 $38,262 $2,605,000 $2,356,000 $249,000
2019 $37,991 $2,478,000 $2,163,000 $315,000
2018 $34,828 $2,462,000 $2,163,000 $299,000
2017 $35,537 $2,257,000 $1,967,000 $290,000
2016 $36,128 $2,242,000 $1,967,000 $275,000
2015 $33,040 $2,019,000 $1,710,000 $309,000
2014 -- $1,300,000 $1,070,000 $230,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4515250

REALTOR® Association of Southern Minnesota

APN: 34-117-23-12-0048