Seller's Agent in 2025
Paul Larson
Coldwell Banker Realty
(612) 723-1000
7 in this area
40 Total Sales
351 Morse Ave Excelsior, MN 55331
Estimated Value: $353,000 - $384,181
3
Beds
2.5
Baths
1,593
Sq Ft
$230/Sq Ft
Est. Value
Highlights
- No HOA
- Den
- Eat-In Kitchen
- Excelsior Elementary School Rated A+
- Front Porch
- Central Air
About This Home
As of October 2025The 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, new 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.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 612-723-1000 Listed on: 09/20/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,058
Year Built
- Built in 1910
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 75x101x72x92
- Zoning described as Business/Commercial,Residential-Single Family
Interior Spaces
- 1,593 Sq Ft Home
- 2-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
- Front 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2025
Closed on
Oct 23, 2025
Sold by
Minneapolis Uptown Rentals 351 Llc
Bought by
Olson Richard Allen and Olson Dalla Yesenia
Seller's Agent
Paul Larson
Coldwell Banker Realty
Buyer's Agent
Yana Lin
LPT Realty, LLC
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%
Views
336
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
$27,050
Avg. Annual Appreciation
1.01%
Original Mortgage
$345,000
Outstanding Balance
$345,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$21,795
Purchase Details
Closed on
Oct 6, 2021
Sold by
Galpin Properties Llc
Bought by
Homer Daniel
Purchase Details
Closed on
Jul 29, 2020
Sold by
Gillund Properties Llc
Bought by
Galpin Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 6, 2013
Sold by
Gillund Glenn D and Gillund Lois S
Bought by
Gillund Properties Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olson Richard Allen | $365,000 | Watermark Title | |
| Homer Daniel | $215,000 | Executive Title | |
| Galpin Properties Llc | $400,000 | Land Title Inc | |
| Gillund Properties Llc | -- | Lti |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Olson Richard Allen | $345,000 | |
| Previous Owner | Galpin Properties Llc | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/23/2025 10/23/25 | Sold | $365,000 | -3.9% | $229 / Sq Ft | |
| 09/20/2025 09/20/25 | Pending | -- | -- | -- | |
| 09/20/2025 09/20/25 | For Sale | $379,900 | +44.7% | $238 / Sq Ft | |
| 09/21/2023 09/21/23 | Sold | $262,500 | -6.3% | $233 / Sq Ft | View Prior Sale |
| 09/04/2023 09/04/23 | Pending | -- | -- | -- | |
| 06/03/2023 06/03/23 | For Sale | $280,000 | -- | $248 / Sq Ft |
Source: NorthstarMLS
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 | $3,058 | $256,000 | $229,000 | $27,000 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Larson
-
Yana Lin
Buyer's Agent in 2025
Yana Lin
LPT Realty, LLC
(952) 200-3234
1 in this area
79 Total Sales
-
Darlene Arndt
Seller's Agent in 2023
Darlene Arndt
Coldwell Banker Burnet
(612) 202-5917
5 in this area
88 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6792157
APN: 34-117-23-14-0044
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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