$410,000
SOLD MAY 6, 2026

400 Mill St Excelsior, MN 55331

3 Beds
2 Baths
1,765 Sq Ft
7,841 Sq Ft Lot Lot

Sale Details

Date Sold: May 6, 2026

$232 Per Sq Ft

4% Below List Price

32 Days on Market

Highlights

  • Beach Access
  • Lake View
  • Lower Floor Utility Room
  • Excelsior Elementary School Rated A+
  • No HOA
  • 1 Car Attached Garage

About This Home

As of May 2026

Welcome to this charming 3-bedroom, 2-bath home set in a highly desirable Excelsior location on Galpin Lake, offering a rare opportunity to enjoy peaceful waterfront surroundings just minutes from downtown Excelsior, Lake Minnetonka, parks, trails, shops, and dining.
The home features a functional layout with bright living spaces and beautiful natural light throughout. The main level includes a comfortable living room with hardwood floors, an eat-in kitchen with ample cabinetry and workspace, and three bedrooms conveniently located on one level. A versatile sunroom or bedroom is surrounded by windows provides additional living space.
The lower level offers additional finished space ideal for a family room, recreation area, or hobby space, along with a second bathroom, laundry area, and storage.
Outside, the property truly shines. The fully fenced backyard is mostly flat near the home and gradually slopes toward Galpin Lake, creating usable outdoor space for relaxing, gardening, or entertaining while enjoying scenic lake views. An attached one-car garage and convenient access to major roadways add to the home’s practicality, while the unbeatable location places you just minutes from shopping, dining and recreation that make Excelsior one of the metro’s most sought-after communities.
Move in and enjoy today or bring your ideas to build long-term value.

Last Agent to Sell the Property

Jennifer Fisk-Madison

Pemberton RE Brokerage Phone: 6128196052 Listed on: 02/25/2026

Co-Listed By

Nathan Plasch

Pemberton RE Brokerage Phone: 6128196052

Last Buyer's Agent

Dane Jensen

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,488

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 78x121x56x119
  • Property is Fully Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • Block Foundation
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 1-Story Property
  • Lower Floor Utility Room
  • Laundry Room
  • Lake Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Additional Features

  • Beach Access
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Eastern Shore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3511723230031

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,488

Year Built

Built in 1952

Lot Details

7,841 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Central Air
  • Outside Features: Wood
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1952
  • Above Grade Finished Sq Ft: 1230
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 6128196052
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished, Full
  • Living Area: 1765
  • Fireplace: No
  • Below Grade Finished Sq Ft: 535
  • Basement YN: Yes

Beds/Baths

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

Exterior Features

  • Fencing: Full
  • View: Lake
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Lower Level, Laundry Room
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 78x121x56x119
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3511723230031
  • Tax Annual Amount: 4488
  • TaxWithAssessments: 4488

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2026
Closed on
May 6, 2026
Sold by
Bought by
Seller's Agent
Jennifer Fisk-Madison
Pemberton RE
Buyer's Agent
Dane Jensen
Compass
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.02%
Original Mortgage
$328,000
Outstanding Balance
$328,000
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$90,233

Purchase Details

Closed on
Dec 13, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $410,000 Flex Title
Warranty Deed $111,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $328,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/06/2026 05/06/26 Sold $410,000 -3.5% $232 / Sq Ft
03/31/2026 03/31/26 Pending -- -- --
02/27/2026 02/27/26 For Sale $425,000 -- $241 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,488 $384,800 $193,200 $191,600
2023 $3,994 $348,500 $193,200 $155,300
2022 $3,334 $309,000 $140,000 $169,000
2021 $3,025 $266,000 $120,000 $146,000
2020 $3,053 $244,000 $102,000 $142,000
2019 $3,038 $239,000 $102,000 $137,000
2018 $2,883 $238,000 $102,000 $136,000
2017 $2,968 $230,000 $114,000 $116,000
2016 $3,020 $229,000 $126,000 $103,000
2015 $3,058 $229,000 $126,000 $103,000
2014 -- $202,000 $114,000 $88,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7025019

NorthstarMLS

APN: 35-117-23-23-0031

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