351 Morse Ave Excelsior, MN 55331
Estimated payment $2,279/month
Highlights
- No HOA
- Den
- Eat-In Kitchen
- Excelsior Elementary School Rated A
- Porch
- Central Air
About This Home
The most affordable home in Excelsior Village neighborhood, very close to Lake Minnetonka & Regional Trail, and short walk to fabulous water street business district, shops and restaurants. Home has been recently remodeled with new kitchen and bathrooms, nwe windows, new appliances, new mechanical, all new floors. West facing porch and deck. Lots of coveted off street parking. Couple block walk to Maynards Restaurant on Lake Minnetonka. The property is zoned Milti-Use Commercial so flexible future use here is unlimited. Can't go wrong with this investment, location - location - location. Dock rights, lake rights thru city on waiting list.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 612-723-1000 Listed on: 02/19/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,058
Year Built
- Built in 1940
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 75x101x72x92
Interior Spaces
- 1,128 Sq Ft Home
- 1.5-Story Property
- Decorative Fireplace
- Den
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Porch
Utilities
- Central Air
- Boiler Heating System
- 100 Amp Service
Community Details
- No Home Owners Association
- College Point Subdivision
Listing and Financial Details
- Assessor Parcel Number 3411723140044
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,703 | $232,800 | $210,000 | $22,800 |
| 2022 | $2,567 | $198,000 | $166,000 | $32,000 |
| 2021 | $2,943 | $197,000 | $166,000 | $31,000 |
| 2020 | $3,092 | $212,000 | $166,000 | $46,000 |
| 2019 | $3,002 | $216,000 | $166,000 | $50,000 |
| 2018 | $2,988 | $209,000 | $166,000 | $43,000 |
| 2017 | $3,048 | $208,000 | $166,000 | $42,000 |
| 2016 | $3,125 | $208,000 | $169,000 | $39,000 |
| 2015 | $2,682 | $189,000 | $151,000 | $38,000 |
| 2014 | -- | $185,000 | $151,000 | $34,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Price Changed | $379,900 | -3.8% | $337 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $395,000 | -7.1% | $350 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $425,000 | -10.5% | $377 / Sq Ft |
| 05/21/2025 05/21/25 | Price Changed | $474,900 | -5.0% | $421 / Sq Ft |
| 04/30/2025 04/30/25 | Price Changed | $499,900 | -9.1% | $443 / Sq Ft |
| 02/19/2025 02/19/25 | For Sale | $550,000 | +109.5% | $488 / Sq Ft |
| 09/21/2023 09/21/23 | Sold | $262,500 | -6.3% | $233 / Sq Ft |
| 09/04/2023 09/04/23 | Pending | -- | -- | -- |
| 06/03/2023 06/03/23 | For Sale | $280,000 | -- | $248 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $262,500 | Watermark Title | |
| Warranty Deed | $215,000 | Executive Title | |
| Warranty Deed | $400,000 | Land Title Inc | |
| Interfamily Deed Transfer | -- | Lti |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,000 | Construction | |
| Previous Owner | $320,000 | Future Advance Clause Open End Mortgage |
Source: NorthstarMLS
MLS Number: 6673152
APN: 34-117-23-14-0044
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