NOT LISTED FOR SALE

21560 Fairview St Excelsior, MN 55331

Estimated Value: $3,459,000 - $4,713,239

0.52 Acre
$8,230,923 Price per Acre
22,651 Sq Ft Lot

Last Sold February 13, 2024

Last sale price $4,550,000 $1,364 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $25,617/month

100 Days on Market

Highlights

  • 155 Feet of Waterfront
  • Beach Access
  • No HOA
  • Deephaven Elementary School Rated A

About This Lot

As of February 2024

155 feet of prime, west facing lakefront with panoramic lower Lake Minnetonka views of Big Island and far beyond. VERY gradual slope to the sandy shoreline anchored with a tiered concrete barrier & substantial rip-rap. A walkable mile on the trail to Excelsior. Minnetonka Schools.

Last Agent to Sell the Property

Michael Kozel

Coldwell Banker Realty Brokerage Phone: 612-597-1996 Listed on: 10/18/2023

Coldwell Banker Realty

Last Buyer's Agent

Jeffrey Dewing

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $47,276

Lot Details

  • 155 Feet of Waterfront
  • Lake Front
  • Cleared Lot
  • Few Trees
  • Finished Lot(s)
  • Zoning described as Shoreline,Residential-Single Family

Listing and Financial Details

  • Assessor Parcel Number 2611723130078

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$47,276

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic,Satellite
  • BuilderRestrict: Open
  • Improvements: Paved Streets
  • Attribution Contact: 612-597-1996
  • Attribution Contact: 612-597-1996
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: For Sale Sign

Exterior Features

  • Fencing: None
  • View: Lake, Panoramic, West
  • Lake Bottom: Excellent Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 155
  • Farm Type: None
  • Soil Type: Clay,Loam,Sand

Utilities

  • Utilities: None Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Sloped
  • Waterfront YN: Yes
  • Lot Size: Irregular
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Cleared, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Crop Type: None

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2611723130078
  • Tax Annual Amount: 47276
  • TaxWithAssessments: 47276.0000
  • TaxableAcres: 0.520

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Feb 13, 2024
Sold by
Fairview Shores Llc
Bought by
Gabrielson Scott and Gabrielson Taryn
Seller's Agent
Michael Kozel
Coldwell Banker Realty
Buyer's Agent
Jeffrey Dewing
Coldwell Banker Realty
List Price
$4,700,000
Sold Price
$4,550,000
Premium/Discount to List
-$150,000
-3.19%
Views
55
Current Estimated Value
$4,280,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$269,920
Avg. Annual Appreciation
-3.10%

Purchase Details

Closed on
May 25, 2021
Sold by
Mccarthy Timothy M and Mccarthy Michael E
Bought by
Fairview Shores Llc

Purchase Details

Closed on
Feb 8, 2019
Sold by
Us Bank National Association
Bought by
Mccarthy Timothy M and Mccarthy Michael E

Purchase Details

Closed on
Jan 14, 2014
Sold by
U S Bank National Association
Bought by
U S Bank National Association
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Gabrielson Scott $4,550,000 Burnet Title
Fairview Shores Llc $3,700,000 Commercial Partners Title
Mccarthy Timothy M -- None Available
U S Bank National Association -- None Available
-- $3,700,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2024 02/13/24 Sold $4,550,000 -3.2% $1,364 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
10/18/2023 10/18/23 For Sale $4,700,000 -- $1,409 / 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 $41,495 $3,319,000 $3,319,000 --
2023 $41,730 $3,557,600 $3,557,600 --
2022 $39,342 $4,041,000 $3,325,000 $716,000
2021 $38,968 $3,040,000 $2,533,000 $507,000
2020 $40,782 $2,963,000 $2,457,000 $506,000
2019 $39,139 $2,953,000 $2,457,000 $496,000
2018 $37,744 $2,776,000 $2,314,000 $462,000
2017 $38,324 $2,658,000 $2,204,000 $454,000
2016 $37,838 $2,551,000 $2,165,000 $386,000
2015 $33,928 $2,272,000 $1,886,000 $386,000
2014 -- $2,184,500 $1,822,500 $362,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6449951

NorthstarMLS

APN: 26-117-23-13-0078