NOT LISTED FOR SALE

27940 Smithtown Rd Excelsior, MN 55331

Estimated Value: $2,014,000 - $3,671,000

1.15 Acres
$2,397,874 Price per Acre
50,094 Sq Ft Lot

Last Sold August 20, 2024

Last sale price $3,295,000 $1,368 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $17,902/month

Highlights

  • 174 Feet of Waterfront
  • Beach Access
  • Cul-De-Sac
  • Minnewashta Elementary School Rated A
  • No HOA

About This Lot

As of August 2024

HERE IT IS! At last, spectacular building site on Lake Minnetonka! This Smithtown Bay site has it all! West-facing, 174 feet of hard sand bottom, a charming boat house at water’s edge, privacy, mature trees, approximately 1.15 Acres, and an old cottage-style home that can be used, (AS IS) but is presumed to be torn town, since the value is in the land and not in the house. Bring your imagination and enjoy this magnificent opportunity! Open to all builders. All buyers must be pre-approved. Buyers and Buyer’s agents to verify all measurements, details and figures as they are not guaranteed.

Last Agent to Sell the Property

Ellen DeHaven

Coldwell Banker Realty Brokerage Phone: 952-473-3000 Listed on: 07/12/2024

Coldwell Banker Realty

Last Buyer's Agent

Mary Meuwissen

Counselor Realty of Victoria

Counselor Realty of Victoria

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,263

Lot Details

  • Lot Dimensions are 174x293x97x329
  • 174 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Irregular Lot
  • Finished Lot(s)

Utilities

  • Underground Utilities

Community Details

Overview

  • No Home Owners Association
  • Bill Erickson Add Subdivision

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$33,263

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Other,Paved Streets,Shared Driveway
  • Attribution Contact: 952-473-3000
  • Attribution Contact: 952-473-3000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Dock,Survey,Survey Stakes,Topographic Map

Exterior Features

  • View: Bay
  • Other Structures: Boat House
  • Lake Acres: 14205
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 174

Utilities

  • Utilities: Private Well Connected, Sewer Connected, Electricity Available, Phone Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Sloped
  • Waterfront YN: Yes
  • Lot Size: 174x293x97x329
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: TBD
  • Tax Annual Amount: 33263
  • TaxWithAssessments: 33263.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 15, 2024
Sold by
Erickson Billy K and Erickson Karen J
Bought by
Johnson Craig S and Johnson Heidi J
Seller's Agent
Ellen DeHaven
Coldwell Banker Realty
Buyer's Agent
Mary Meuwissen
Counselor Realty of Victoria
List Price
$3,295,000
Sold Price
$3,295,000
Views
3
Current Estimated Value
$2,757,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$537,445
Avg. Annual Appreciation
-12.07%

Purchase Details

Closed on
Jan 21, 2004
Sold by
Johnson Daniel J and Johnson Alane J
Bought by
Erickson Billy K and Erickson Karen J

Purchase Details

Closed on
Aug 27, 2003
Sold by
Alsip Catherine N and Alsip John F
Bought by
Erickson Billy Keith and Erickson Karen Jean
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
Johnson Craig S $1,647,500 Burnet Title
Erickson Billy K $150,000 --
Erickson Billy Keith $1,500,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $3,295,000 0.0% $1,368 / Sq Ft
08/20/2024 08/20/24 Sold $3,295,000 0.0% $1,233 / Sq Ft
07/13/2024 07/13/24 Pending -- -- --
07/13/2024 07/13/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $3,295,000 0.0% $1,368 / Sq Ft
07/12/2024 07/12/24 For Sale $3,295,000 -- $1,233 / 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 $34,525 $2,681,900 $2,479,200 $202,700
2022 $27,551 $2,555,000 $2,351,000 $204,000
2021 $27,215 $1,900,000 $1,725,000 $175,000
2020 $28,152 $1,863,000 $1,691,000 $172,000
2019 $28,416 $1,837,000 $1,676,000 $161,000
2018 $30,377 $1,842,000 $1,676,000 $166,000
2017 $28,406 $1,812,000 $1,663,000 $149,000
2016 $28,546 $1,789,000 $1,653,000 $136,000
2015 $30,515 $1,894,000 $1,758,000 $136,000
2014 -- $1,461,000 $1,310,000 $151,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6565357

NorthstarMLS

APN: 31-117-23-34-0033