$775,000
SOLD SEP 20, 2024

25480 Smithtown Rd Excelsior, MN 55331

2.41 Acres
$321,577 Price per Acre
104,980 Sq Ft Lot

Recently Sold

$522 Per Sq Ft

48% Below List Price

215 Days on Market

About This Lot

As of September 2024

Introducing an incredible opportunity to develop a prime parcel of land. This is a dream come true for developers and builders seeking the perfect canvas to bring their vision to life. 2.5 acre property with in minutes of Excelsior. Award winning, Minnetonka schools, specifically near Lake Minnetonka and on the bike path, which can be highly desirable for a residential development. Lake Minnetonka bike trail lines the entire property and also adds to the appeal, as it provides easy access for outdoor enthusiasts and promotes a healthy and active lifestyle. 5-minute bike ride into the city of Excelsior! Crescent beach for water activities is right down the road.
25560 Smithtown is part of the sale.

Last Agent to Sell the Property

Margaret Trenary

Trenary Realty Group Listed on: 02/10/2024

Last Buyer's Agent

Lyndon Moquist

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,279

Lot Details

  • Lot Dimensions are 443x130x427x485

Community Details

  • No Home Owners Association
  • Auditors Sub 133 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3311723230005

Property Details

Property Type

Land

Est. Annual Taxes

$5,279

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Other
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Survey

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Gently Rolling,Level
  • Lot Size: 443X130X427X485
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3311723230005
  • Tax Annual Amount: 5279
  • TaxWithAssessments: 5279.0000
  • TaxableAcres: 2.410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Sep 20, 2024
Sold by
Page Julie
Bought by
Mcdonald Construction Partners Llc
Seller's Agent
Margaret Trenary
Trenary Realty Group
Buyer's Agent
Lyndon Moquist
Edina Realty, Inc.
List Price
$1,500,000
Sold Price
$775,000
Premium/Discount to List
-$725,000
-48.33%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%

Purchase Details

Closed on
Jun 26, 2018
Sold by
Hoy Michael D
Bought by
Page Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 1997
Sold by
Estate Of Lawrence E Smith
Bought by
Hoy Michael D
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 Type Sale Price Title Company
Deed $775,000 --
Warranty Deed $350,000 Title Mark Llc
Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $40,000 Credit Line Revolving
Previous Owner $279,000 New Conventional
Previous Owner $280,000 New Conventional
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $1,675,000 +116.1% $338 / Sq Ft
09/20/2024 09/20/24 Sold $775,000 -13.9% $522 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/23/2024 08/23/24 Price Changed $899,900 -30.8% $606 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,300,000 -7.1% $875 / Sq Ft
03/16/2024 03/16/24 Price Changed $1,400,000 -6.7% $942 / Sq Ft
02/10/2024 02/10/24 For Sale $1,500,000 -- $1,009 / 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 $6,285 $552,000 $357,000 $195,000
2022 $5,203 $465,000 $278,000 $187,000
2021 $5,184 $409,000 $249,000 $160,000
2020 $4,764 $358,000 $205,000 $153,000
2019 $4,765 $357,000 $205,000 $152,000
2018 $4,582 $355,000 $205,000 $150,000
2017 $4,701 $347,000 $208,000 $139,000
2016 $4,785 $347,000 $236,000 $111,000
2015 $3,954 $291,000 $180,000 $111,000
2014 -- $255,000 $160,000 $95,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6487418

NorthstarMLS

APN: 33-117-23-23-0005