NOT LISTED FOR SALE

23425 Academy Ave Excelsior, MN 55331

Estimated Value: $762,333 - $932,000

0.35 Acre
$2,408,094 Price per Acre
15,246 Sq Ft Lot

Last Sold May 22, 2014

Last sale price $132,500

Est. 548% increase in value since last sale

Current estimated payment $5,362/month

177 Days on Market

About This Lot

As of May 2014

Private Wooded Lot, Large Corner lot in High Demand area, Great Neighborhood and access to Hwy 7-- bring all offers, motivated seller!

Last Agent to Sell the Property

Andrew Fernelius

Best Value Real Estate Inc. Listed on: 11/13/2013

Last Buyer's Agent

John Bader

Stone Arch Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,913

Lot Details

  • 0.35

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • 0.35 Acre Lot
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 3411723310068

Property Details

Property Type

Land

Est. Annual Taxes

$7,913

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 3411723310068
  • Projected Closed Date: 05/22/2014
  • Street Designation: Avenue
  • Taxes With Assessments: 1285
  • Estimated Number of Acres: 0.35
  • Additional Information: Platted, Survey
  • Development Status: Subdivided
  • Land Improvements: Paved
  • Topography: Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Telephone

Schools

  • School District: Minnetonka #276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2021
Sold by
Mahling Gerhardt H and Chen Ping
Bought by
Mahling Gerhardt H and Mahling Ping Chen
Current Estimated Value
$858,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$263,674
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$580,174

Purchase Details

Listed on
Nov 13, 2013
Closed on
May 22, 2014
Sold by
Kapsner Peter B and Kapsner Hallie H M
Bought by
Mahling Gerhardt H and Chen Ping
Seller's Agent
Andrew Fernelius
Best Value Real Estate Inc.
Buyer's Agent
John Bader
Stone Arch Realty
List Price
$149,900
Sold Price
$132,500
Premium/Discount to List
-$17,400
-11.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.94%
Original Mortgage
$386,980
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 7, 2005
Sold by
Not Provided
Bought by
Not Provided

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,340
Interest Rate
6.01%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Mahling Gerhardt H -- None Available
Mahling Gerhardt H $132,500 None Available
Not Provided $199,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahling Gerhardt H $345,000
Closed Mahling Ping Chen $352,000
Closed Mahling Gerhardt H $384,000
Closed Mahling Gerhardt H $386,980
Previous Owner Kapsner Peter $203,340
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2014 05/22/14 Sold $132,500 -11.6% --
05/09/2014 05/09/14 Pending -- -- --
11/13/2013 11/13/13 For Sale $149,900 -- --
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
2023 $7,913 $674,800 $250,000 $424,800
2022 $5,933 $577,000 $178,000 $399,000
2021 $5,809 $466,000 $121,000 $345,000
2020 $6,393 $452,000 $121,000 $331,000
2019 $6,244 $474,000 $152,000 $322,000
2018 $5,910 $460,000 $152,000 $308,000
2017 $5,025 $369,000 $102,000 $267,000
2016 $3,928 $281,000 $86,000 $195,000
2015 $1,450 $86,000 $86,000 $0
2014 -- $81,000 $81,000 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Andrew Fernelius

    Best Value Real Estate Inc.

  • J

    Buyer's Agent in 2014

    John Bader

    Stone Arch Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4577796

REALTOR® Association of Southern Minnesota

APN: 34-117-23-31-0068

Minnesota Hennepin County Excelsior 55331

23425 Academy Ave, Excelsior, MN

This home is located at 23425 Academy Ave, Excelsior, MN 55331 since 13 November 2013 and is currently estimated at $842,833. 23425 Academy Ave is a home located in Hennepin County with nearby schools including Excelsior Elementary School, Minnetonka West Middle School, and Minnetonka Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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