401 Highway 7 Excelsior, MN 55331
5
Beds
2
Baths
3,178
Sq Ft
0.32
Acres
Highlights
- Lake View
- Deck
- Corner Lot
- Excelsior Elementary School Rated A
- Bonus Room
- No HOA
About This Home
As of September 2023Premier location with access to Lake Galpin right from your property, fishing, kayaking, paddle boarding in the summer, and skating, skiing, fishing in the winter. Plus it's only a 5 minute walk to vibrant downtown Excelsior and Lake Minnetonka. This home features over 3100 finished square feet with potential to add a bonus room in the spacious attic! New doors, new windows, freshly painted, new kitchen appliances 2021, new furnace, AC, water heater 2023. Excelsior residents get an amazing deal in the Lake Minnetonka boat slip lottery. Beautiful outdoor spaces including a recently refinished lower deck, newly screened in deck area, and large patio making this home the perfect place to host those summer BBQ's!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,658
Year Built
- Built in 1987
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 140x90x140x110
- Corner Lot
Home Design
- Pitched Roof
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
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2023
Closed on
Sep 27, 2023
Sold by
Mchale Gale and Mchale Mark
Bought by
401 By Alvi Llc
Seller's Agent
Jesse Hendricks
Edina Realty, Inc.
Buyer's Agent
Troy Bauer
Source One Realty, LLC
List Price
$415,000
Sold Price
$406,000
Premium/Discount to List
-$9,000
-2.17%
Views
280
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.43%
Original Mortgage
$324,800
Outstanding Balance
$319,557
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$331,862
Purchase Details
Closed on
Oct 24, 2016
Sold by
Mchale Gale Marie Anderson and Mchale Mark
Bought by
Mchale Gale Marie and Mchale Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2013
Sold by
Mchale Gale Marie and Mchale Mark
Bought by
401 By Alvi Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
7.09%
Mortgage Type
New Conventional
Similar Homes in Excelsior, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Kate Engebritson
Seller Co-Listing Agent in 2025
Kate Engebritson
Source One Realty, LLC
(612) 868-0058
92 Total Sales
-
Jesse Hendricks
Seller's Agent in 2023
Jesse Hendricks
Edina Realty, Inc.
(612) 735-2729
1 in this area
108 Total Sales
-
Kelly Calvert
Seller Co-Listing Agent in 2023
Kelly Calvert
Edina Realty, Inc.
1 in this area
114 Total Sales
-
Troy Bauer
T
Buyer's Agent in 2023
Troy Bauer
Source One Realty, LLC
(763) 438-8434
1 in this area
42 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6405129
APN: 34-117-23-14-0033
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