3407 Kings Point Rd Excelsior, MN 55331
Estimated Value: $1,840,000 - $2,272,000
5
Beds
4.5
Baths
3,779
Sq Ft
$532/Sq Ft
Est. Value
Highlights
- 123 Feet of Waterfront
- Lake View
- No HOA
- Shirley Hills Primary School Rated A
- Family Room with Fireplace
- Game Room
About This Home
As of September 2023Exceptional cottage-style home on Lake Minnetonka with 123 feet of southeast-facing shoreline. This home has been beautifully updated with an open floor plan and provides tons of natural light and stunning panoramic views. The spacious kitchen and dining area showcase a vaulted shiplap ceiling and flows into the family room with a fireplace. The upper level includes the luxurious owner’s suite, loft and two additional bedrooms. The walkout lower level is perfect for lakeside entertaining and seamlessly connects to the patio and professionally landscaped yard. Additional features include a main level bedroom and office/den which could function as a 6th bedroom and a full wet bar/kitchenette in the lower level. Rip-rap hard sandy bottom lakeshore. Quiet cul-de-sac location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,988
Year Built
- Built in 1957
Lot Details
- 0.31 Acre Lot
- 123 Feet of Waterfront
- Lake Front
- Cul-De-Sac
- Property is Fully Fenced
- Irregular Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Shake Siding
Interior Spaces
- 1.5-Story Property
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Sitting Room
- Den
- Game Room
- Home Gym
- Lake Views
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Propane
- Well
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2711724130011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2023
Closed on
Sep 8, 2023
Sold by
Burns Joseph and Burns Danielle
Bought by
Pearson Jack and Pearson Colleen
Seller's Agent
George Stickney
Coldwell Banker Realty
Buyer's Agent
Joseph Johnson
eXp Realty
List Price
$2,195,000
Sold Price
$1,950,000
Premium/Discount to List
-$245,000
-11.16%
Total Days on Market
48
Views
116
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,011
Avg. Annual Appreciation
1.75%
Original Mortgage
$975,000
Outstanding Balance
$959,735
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$1,051,276
Purchase Details
Closed on
Feb 22, 2016
Sold by
Gerhardt Michael N and Gerhardt Kathleen A
Bought by
Burns Joseph and Burns Danielle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 20, 2010
Sold by
Burger Cris A and Burger Mary E
Bought by
Gerhardt Michael N and Gerhardt Kathleen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2003
Sold by
Huggett Bruce R and Huggett Sharon J
Bought by
Burger Cris A and Burger Mary E
Similar Homes in Excelsior, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pearson Jack | $1,950,000 | Chb Title | |
| Burns Joseph | $850,000 | Burnet Title | |
| Gerhardt Michael N | $780,000 | -- | |
| Burger Cris A | $950,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pearson Jack | $975,000 | |
| Previous Owner | Burns Joseph | $740,000 | |
| Previous Owner | Burns Joseph | $680,000 | |
| Previous Owner | Gerhardt Michael N | $246,750 | |
| Previous Owner | Gerhardt Michael N | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $1,950,000 | -2.4% | $516 / Sq Ft |
| 08/03/2023 08/03/23 | Pending | -- | -- | -- |
| 07/26/2023 07/26/23 | Price Changed | $1,997,500 | -9.0% | $529 / Sq Ft |
| 06/16/2023 06/16/23 | For Sale | $2,195,000 | -- | $581 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $21,073 | $2,021,100 | $1,455,000 | $566,100 |
| 2022 | $12,938 | $1,842,000 | $1,353,000 | $489,000 |
| 2021 | $11,802 | $1,162,000 | $749,000 | $413,000 |
| 2020 | $12,435 | $1,055,000 | $648,000 | $407,000 |
| 2019 | $12,989 | $1,038,000 | $648,000 | $390,000 |
| 2018 | $10,761 | $1,071,000 | $703,000 | $368,000 |
| 2017 | $11,716 | $920,000 | $477,000 | $443,000 |
| 2016 | $8,826 | $704,000 | $443,000 | $261,000 |
| 2015 | $9,402 | $733,000 | $480,000 | $253,000 |
| 2014 | -- | $614,000 | $370,000 | $244,000 |
Source: Public Records
Agents Affiliated with this Home
-
George Stickney
Seller's Agent in 2023
George Stickney
Coldwell Banker Realty
(952) 476-3694
4 in this area
240 Total Sales
-
David Stickney
Seller Co-Listing Agent in 2023
David Stickney
Coldwell Banker Realty
(952) 250-0122
6 in this area
196 Total Sales
-
Joseph Johnson
J
Buyer's Agent in 2023
Joseph Johnson
eXp Realty
(612) 209-5353
1 in this area
127 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6386618
APN: 27-117-24-13-0011
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