NOT LISTED FOR SALE

278 W Lake St Excelsior, MN 55331

Estimated Value: $2,114,000 - $3,230,000

4 Beds
3.5 Baths
3,623 Sq Ft
$702/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $2,500,000 $690 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,321/month

4 Days on Market

Highlights

  • Lake View
  • Corner Lot
  • No HOA
  • Excelsior Elementary School Rated A
  • Great Room
  • Home Office

About This Home

As of June 2023

Outstanding home in the heart of Excelsior! Thoughtfully constructed for today’s lifestyle offering a wonderful blend of textures and a modern, coastal feel. Enjoy gorgeous west facing views of Lake Minnetonka and the conveniences that charming downtown Excelsior has to offer. This 2-story Stonewood built home, designed by Kathy Alexander from Alexander Design Group, offers top of the line fit & finish throughout including a Chef’s kitchen with Subzero and Wolf appliances, and custom cabinetry with draw organizers and soft close hinges. There are wide plank white oak floors throughout most of the home, Marvin Elevate windows, and top of the line lighting and plumbing fixtures. The garage is heated with floor drains and has a dog wash station. Excellent curb appeal with a front porch and back deck constructed of Ipea, Hardie Board siding and a Blue Stone front walkway and backyard patio. This home has it all; you won’t want to change a thing!

Last Agent to Sell the Property

Kristi Weinstock

Coldwell Banker Realty Brokerage Phone: 612-309-8332 Listed on: 03/31/2023

Coldwell Banker Realty

Last Buyer's Agent

Eric Stafford

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,324

Year Built

  • Built in 2021

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 100 x 110 x 79 x 100
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Flex
  • Pitched Roof

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Great Room
  • Home Office
  • Utility Room Floor Drain
  • Lake Views

Kitchen

  • Walk-In Pantry
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Drain
  • Basement Storage

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Zoned Cooling and Heating System
  • 200+ Amp Service
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bells Sub Lts 61 62 & 63 Excelsior Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723120047

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,324

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air, Zoned
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 2021
  • Above Grade Finished Sq Ft: 2850
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Attribution Contact: 612-309-8332
  • Attribution Contact: 612-309-8332
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Concrete, Storage Space, Sump Pump, Walkout
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Circulating, Family Room, Gas
  • Living Area: 3623
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 773
  • Basement YN: Yes
  • Dining Room Type: Great Room, Kitchen, Dining Room, Pantry (Walk-In), Mud Room, Other Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Office, Family Room, Laundry, Flex Room
  • SqFtTotal: 4182.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: None
  • View: Bay, Lake, West
  • ConstructionMaterialsDesc: Concrete,Frame
  • PatioPorchType: Deck,Front Porch,Patio
  • Lake Acres: 14205
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Storage
  • Garage Square Feet: 506

Utilities

  • Heating: Forced Air, Radiant Floor, Zoned
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Cable,Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Paneled Doors,Panoramic View,Security System,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Schools

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

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 100 x 110 x 79 x 100
  • Lot Size Sq Ft: 9147.6
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Assessor Parcel Number: 3411723120047

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Jun 27, 2023
Sold by
Macomber Gordon and Macomber Deborah
Bought by
Jetland James and Jetland Mary
Seller's Agent
Kristi Weinstock
Coldwell Banker Realty
Buyer's Agent
Eric Stafford
Coldwell Banker Realty
List Price
$2,499,000
Sold Price
$2,500,000
Premium/Discount to List
$1,000
0.04%
Views
39
Current Estimated Value
$2,544,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,426
Avg. Annual Appreciation
0.78%

Purchase Details

Closed on
Aug 28, 2019
Sold by
Fulkerson Thomas and Fulkerson Mary Josephine
Bought by
Macomber Gordon Thomas and Macomber Deborah

Purchase Details

Closed on
Mar 15, 2000
Sold by
Wagner John and Wagner Ann
Bought by
Fulkerson Thomas
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Jetland James $2,500,000 --
Macomber Gordon Thomas $805,500 Burnet Title
Fulkerson Thomas $295,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2023 06/27/23 Sold $2,500,000 0.0% $690 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $2,499,000 -- $690 / 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 $33,324 $2,423,000 $896,000 $1,527,000
2023 $25,820 $1,952,300 $997,200 $955,100
2022 $8,561 $1,759,000 $848,000 $911,000
2021 $10,848 $632,000 $622,000 $10,000
2020 $11,757 $781,000 $602,000 $179,000
2019 $10,813 $816,000 $581,000 $235,000
2018 $10,798 $757,000 $536,000 $221,000
2017 $8,925 $628,000 $376,000 $252,000
2016 $8,614 $597,000 $358,000 $239,000
2015 $8,002 $553,000 $319,000 $234,000
2014 -- $424,000 $205,000 $219,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6344602

NorthstarMLS

APN: 34-117-23-12-0047