NOT LISTED FOR SALE

23870 Elder Turn Excelsior, MN 55331

Estimated Value: $790,000 - $1,578,000

0.62 Acre
$1,654,785 Price per Acre
27,007 Sq Ft Lot

Last Sold December 07, 2023

Last sale price $450,000 $288 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $5,874/month

26 Days on Market

Highlights

  • Lake View
  • Corner Lot
  • No HOA
  • Minnewashta Elementary School Rated A

About This Lot

As of December 2023

Fabulous opportunity to build your dream home on this incredible .62 acre lot with phenomenal views of Mary Lake in Shorewood. Quick walk or bike to downtown Excelsior. A neighboring property just sold with a quoted $2.2 million lot & build package. So many options here! Keep the detached 4-car (26'x40') garage and design a home, use these build plans or be inspired by them!! The $25,000 architectural drawings will be included with an accepted purchase agreement. View the full property brochure online.

Last Agent to Sell the Property

Lori Millard

Counselor Realty of Victoria Listed on: 10/13/2023

Counselor Realty of Victoria

Last Buyer's Agent

Ryan Johnson

eXp Realty

eXp Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,211

Lot Details

  • Corner Lot
  • Irregular Lot
  • Few Trees
  • Finished Lot(s)

Property Views

  • Lake Views

Community Details

  • No Home Owners Association
  • Minnetonka Hills 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723230038

Property Details

Property Type

Land

Est. Annual Taxes

$5,211

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Mary
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Curbs,Paved Streets,Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Survey

Exterior Features

  • View: Lake
  • Other Structures: Additional Garage
  • Lake Acres: 7
  • LakeChain: N

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Level
  • Waterfront YN: No
  • Lot Size: S 200x148x224x108
  • Land Lease: No
  • Lot Features: Corner Lot, Irregular Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3411723230038
  • Tax Annual Amount: 5211
  • TaxWithAssessments: 5211.0000

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 7, 2023
Sold by
Schwefel Scott A and Schwefel Linda A
Bought by
Young Jed and Young Wendy
Seller's Agent
Lori Millard
Counselor Realty of Victoria
Buyer's Agent
Ryan Johnson
eXp Realty
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Views
27
Current Estimated Value
$1,025,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,967
Avg. Annual Appreciation
58.29%

Purchase Details

Closed on
Jul 26, 2022
Sold by
Harrington Phobe Gay
Bought by
Schwefel Scott A and Schwefel Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2020
Sold by
Harrington Phobe Gay
Bought by
Harrington Phobe Gay and Harrington Jarret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,900
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Young Jed $450,000 Partners Title
Schwefel Scott A $360,000 Burnet Title
Harrington Phobe Gay -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Jed $1,070,000
Previous Owner Schwefel Scott A $270,000
Previous Owner Harrington Phobe Gay $237,900
Previous Owner Harrington Phobe Gay $242,000
Previous Owner Harrington Phobe Gay $75,001
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2023 12/07/23 Sold $450,000 0.0% $288 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
11/09/2023 11/09/23 Off Market $450,000 -- --
10/20/2023 10/20/23 For Sale $499,900 -- $320 / 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
2023 $3,405 $304,300 $244,800 $59,500
2022 $4,169 $459,000 $245,000 $214,000
2021 $4,347 $333,000 $148,000 $185,000
2020 $4,130 $343,000 $164,000 $179,000
2019 $4,258 $313,000 $144,000 $169,000
2018 $3,959 $320,000 $144,000 $176,000
2017 $3,775 $284,000 $130,000 $154,000
2016 $3,692 $274,000 $136,000 $138,000
2015 $3,216 $242,000 $104,000 $138,000
2014 -- $227,000 $109,000 $118,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6447397

NorthstarMLS

APN: 34-117-23-23-0038