RENTED MAY 15, 2025

40 Lakeview Ave Excelsior, MN 55331

Estimated Value: $418,000 - $825,000

3 Beds
2 Baths
1,930 Sq Ft
$290/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $465,000 $241 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,309/month

Highlights

  • Lake View
  • 1 Fireplace
  • 1-Story Property
  • Minnewashta Elementary School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2025

Can't miss out on this amazing opportunity for quick convenient access to Lake MTKA easy boat parking on site, public landing only 1 block away, or use the local marina only 1 block away as well. Convenient park access and quite a secluded neighborhood have so much to offer. Most of the home is remodeled with an updated kitchen, a Fully remodeled bathroom on the lower level, refinished insulated garage. additional parking outside for boats or additional parking. 3 bedrooms up, open main living area to entertain guests and so much more. A must-see.

Last Agent to Rent the Property

Ryan Hannay

Creative Housing Real Estate Listed on: 04/01/2025

Co-Listed By

Kristin Carlson

Creative Housing Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.26

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Insulated Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Lake Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Lot Dimensions are 94x155x74x133
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tonka Heights Subdivision

Listing and Financial Details

  • Property Available on 5/1/25
  • Assessor Parcel Number 2711723240131

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Term: 6 Months
  • Available Date: 2025-05-01
  • Lease Price: 3000.0000
  • ApplicationFee: 45.0000
  • SecurityDeposit: 3000.0000
  • SmokingPermitted: No

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1430
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Living Area: 1930
  • Below Grade Finished Sq Ft: 500
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • LakeChain: N

Garage/Parking

  • Parking Features: Asphalt, Insulated Garage, Tuckunder Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 94x155x74x133
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Assessor Parcel Number: 2711723240131

Multi Family

  • WaterfrontFeatures: Lake View, Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 28, 2023
Sold by
Netzke Todd and Netzke Kara K
Bought by
Koolen Chase Jon and Koolen Rochelle Ann
Seller's Agent
Ryan Fischer
RE/MAX Results
Buyer's Agent
Ryan Hannay
Creative Housing Real Estate
List Price
$490,000
Sold Price
$465,000
Premium/Discount to List
-$25,000
-5.1%
Views
39
Current Estimated Value
$559,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,153
Avg. Annual Appreciation
6.99%
Original Mortgage
$348,750
Outstanding Balance
$339,418
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$219,735

Purchase Details

Closed on
Aug 19, 2022
Sold by
Fischer Ryan and Fischer Ashley
Bought by
Netzke Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2022
Sold by
Fischer Ryan R and Fischer Ashley S
Bought by
Netzke Todd and Netzke Kara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2021
Sold by
Traxler Kae L and Shirley J Fisk Trust
Bought by
Fischer Ryan R and Fischer Ashley S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,400
Interest Rate
2.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koolen Chase Jon $465,000 Watermark Title
Netzke Todd $475,000 --
Netzke Todd $475,000 --
Fischer Ryan R $356,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koolen Chase Jon $348,750
Previous Owner Netzke Todd $356,250
Previous Owner Netzke Todd $356,250
Previous Owner Fischer Ryan R $231,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2025 05/15/25 Rented $3,050 +1.7% --
04/01/2025 04/01/25 For Rent $3,000 +11.1% --
02/01/2024 02/01/24 Rented $2,700 -3.6% --
01/02/2024 01/02/24 For Rent $2,800 -3.4% --
07/15/2023 07/15/23 Rented $2,900 -3.3% --
06/13/2023 06/13/23 Price Changed $3,000 -6.3% $2 / Sq Ft
05/31/2023 05/31/23 For Rent $3,200 0.0% --
04/28/2023 04/28/23 Sold $465,000 -5.1% $252 / Sq Ft View Prior Sale
04/07/2023 04/07/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $490,000 -- $265 / 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 $4,969 $456,000 $223,200 $232,800
2023 $4,862 $469,700 $234,000 $235,700
2022 $3,518 $397,000 $216,000 $181,000
2021 $3,376 $311,000 $153,000 $158,000
2020 $3,444 $296,000 $144,000 $152,000
2019 $3,437 $288,000 $140,000 $148,000
2018 $3,251 $284,000 $140,000 $144,000
2017 $3,159 $262,000 $140,000 $122,000
2016 $2,776 $230,000 $122,000 $108,000
2015 $2,944 $243,000 $135,000 $108,000
2014 -- $220,000 $126,000 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6696273

NorthstarMLS

APN: 27-117-23-24-0131