NOT LISTED FOR SALE

243 3rd St Excelsior, MN 55331

Estimated Value: $1,159,000 - $1,343,000

3 Beds
4 Baths
2,100 Sq Ft
$613/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2025

Last sale price $1,275,000 $607 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,067 / mo

10 Days on Market

Highlights

  • No HOA
  • The kitchen features windows
  • Front Porch
  • Excelsior Elementary School Rated A+
  • 2 Car Detached Garage
  • 1-minute walk to Excelsior Commons

About This Home

As of May 2025

This is the Excelsior village property you've been waiting for. Turn-key with a careful balance of vintage farmhouse detailing, significant remodeling and recent updates inside and out, this is the perfect home base for enjoying the Excelsior lifestyle. Built in 1885, the home is centrally located one block off Water Street where you'll enjoy an authentically vibrant small town feel offering an abundance of amazing restaurants, coffee shops, a grocery store, and boutique shopping. It's also just a short walk to the shores of Lake Minnetonka, the Excelsior Commons, and beaches. The classically appointed chef's kitchen features custom cherry cabinetry, Wolf range, Sub-Zero refrigerator, soapstone countertops, and ample natural light. On the 2nd level there are 3 bedrooms, 2 bathrooms, and a laundry room right outside the primary suite. There's even a petite vineyard lining the driveway with Marquette and Frontenac grapes. The 2-car detached garage offers significant storage above or the ideal future studio, office, or playroom. There is also space to add a porch or room addition off the rear of the home. Minnetonka schools and Excelsior Elementary, boat slip waiting-list through the City.

Last Agent to Sell the Property

Mike Monson

The Landschute Group,Inc. Listed on: 03/25/2025

Last Buyer's Agent

Rebecca Thompson

RE/MAX Advantage Plus

RE/MAX Advantage Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,851

Year Built

  • Built in 1885

Lot Details

  • Lot Dimensions are 58.66x110
  • Few Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Architectural Shingle Roof
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • The kitchen features windows
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Patio
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Connors & Others Sub Lts Excelsior Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723120064

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,851

Year Built

Built in 1885

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Central Air
  • Outside Features: Cement Board
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1885
  • Above Grade Finished Sq Ft: 2100
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished
  • Living Area: 2100
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Architectural Shingle, Asphalt, Metal
  • Foundation Details: Stone
  • Other Structures: Garage(s)
  • PatioPorchType: Front Porch, Patio

Garage/Parking

  • Parking Features: Detached Garage, Concrete

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Laundry Room, Upper Level
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Natural Woodwork, Paneled Doors, Porch, Tile Floors

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 58.66x110
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3411723120064
  • Tax Annual Amount: 11851
  • TaxWithAssessments: 11851

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 13, 2025
Sold by
Bought by
Seller's Agent
Mike Monson
The Landschute Group,Inc.
Buyer's Agent
Rebecca Thompson
RE/MAX Advantage Plus
List Price
$1,299,999
Sold Price
$1,275,000
Premium/Discount to List
-$24,999
-1.92%
Views
30
Current Estimated Value
$1,288,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,341
Avg. Annual Appreciation
0.95%

Purchase Details

Closed on
Dec 31, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2020
Sold by
Bought by

Purchase Details

Listed on
Nov 1, 2011
Closed on
Oct 3, 2012
Sold by
Bought by
Seller's Agent
Woody Love
Coldwell Banker Burnet
Buyer's Agent
Robin Eilers
Coldwell Banker Burnet
List Price
$399,000
Sold Price
$315,000
Premium/Discount to List
-$84,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$371,387
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,275,000 Land Title
-- Title 365
$900,000 Burnet Title
$315,000 Burnet Title
$309,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $510,400
Previous Owner $371,387
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2025 05/15/25 Sold $1,275,000 -1.9% $607 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $1,299,999 +312.7% $619 / Sq Ft
10/04/2012 10/04/12 Sold $315,000 -21.1% $210 / Sq Ft View Prior Sale
07/19/2012 07/19/12 Pending -- -- --
11/01/2011 11/01/11 For Sale $399,000 -- $266 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,784 $1,193,600 $640,000 $553,600
2023 $11,851 $1,075,900 $554,000 $521,900
2022 $11,218 $983,000 $471,000 $512,000
2021 $10,461 $883,000 $471,000 $412,000
2020 $10,339 $756,000 $410,000 $346,000
2019 $9,777 $727,000 $396,000 $331,000
2018 $9,087 $692,000 $365,000 $327,000
2017 $7,798 $559,000 $257,000 $302,000
2016 $6,753 $483,000 $244,000 $239,000
2015 $6,032 $425,000 $218,000 $207,000
2014 -- $317,000 $140,000 $177,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6691588

NorthstarMLS

APN: 34-117-23-12-0064

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