$425,000

401 Highway 7 Excelsior, MN 55331

Estimated payment $2,753/month

Total Views 9,522
5 Beds
2 Baths
3,178 Sq Ft
$134 Price per Sq Ft

Highlights

  • Lake View
  • Deck
  • Corner Lot
  • Excelsior Elementary School Rated A
  • Bonus Room
  • No HOA

About This Home

Step into this inviting 5-bedroom Excelsior home and enjoy the Lake Minnetonka lifestyle, with Lake Galpin just steps away. With over 3,100 finished square feet, there’s room for everyone to spread out and feel at home. The open-concept main floor is great for both everyday living and entertaining, featuring hardwood floors and a cozy gas fireplace that add warmth and character. Enjoy Minnesota’s best seasons with your outdoor spaces — including a refinished lower deck and a spacious patio ideal for summer BBQs, gatherings, or relaxing evenings under the stars.

Listing Agent

Troy Bauer

Source One Realty, LLC Listed on: 05/09/2025

Co-Listing Agent

Kate Engebritson

Source One Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,723

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 140x90x140x110
  • Corner Lot

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Family Room with Fireplace
  • Living Room
  • Bonus Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Window Egress

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Auditors Sub 135 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3411723140033

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,723

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2800
  • Water Body Name: Galpin
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Full, Partially Finished, Sump Pump
  • Appliances: Central Vacuum, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Family Room
  • Living Area: 3178
  • Below Grade Finished Sq Ft: 378
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Deck

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • View: East, Lake, Panoramic, South
  • PatioPorchType: Deck
  • Lake Acres: 45
  • LakeChain: N

Garage/Parking

  • Parking Features: Asphalt
  • Garage Square Feet: 0

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,French Doors,Hardwood Floors,Kitchen Window,Natural Woodwork,Panoramic View,Tile Floors,Walk-Up Attic

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 140x90x140x110
  • Lot Size Sq Ft: 13939.2
  • Land Lease: No
  • Lot Features: Corner Lot, Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3411723140033
  • Tax Annual Amount: 4723
  • TaxWithAssessments: 4722.7600

Multi Family

  • WaterfrontFeatures: Lake View

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $4,997 $430,400 $170,000 $260,400
2022 $4,664 $392,000 $150,000 $242,000
2021 $4,463 $358,000 $149,000 $209,000
2020 $4,017 $343,000 $138,000 $205,000
2019 $3,949 $299,000 $105,000 $194,000
2018 $3,686 $294,000 $105,000 $189,000
2017 $3,525 $259,000 $100,000 $159,000
2016 $3,546 $255,000 $102,000 $153,000
2015 $3,377 $241,000 $91,000 $150,000
2014 -- $228,000 $91,000 $137,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Price Changed $425,000 -1.2% $134 / Sq Ft
05/09/2025 05/09/25 For Sale $430,000 +5.9% $135 / Sq Ft
09/27/2023 09/27/23 Sold $406,000 -2.2% $128 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $415,000 -- $131 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Deed $406,000 --
Interfamily Deed Transfer -- Nations Title Agency Mn Inc
Warranty Deed $406,000 Edina Realty Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $324,800 New Conventional
Previous Owner $156,000 New Conventional
Previous Owner $324,800 New Conventional
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6716566

NorthstarMLS

APN: 34-117-23-14-0033