NOT LISTED FOR SALE

511 2nd St Unit 2 Excelsior, MN 55331

Excelsior Area
2 Beds
2.5 Baths
1,968 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: August 2, 2024

Last sale price $1,950,000 $991 Per Sq Ft

114 Days on Market

Highlights

  • New Construction
  • Covered Patio or Porch
  • 3 Car Attached Garage
  • Den
  • Stainless Steel Appliances
  • 1-Story Property

About This Home

As of August 2024

Located in the heart of charming downtown Excelsior, Lake House Condominiums offers the epitome of luxury turn-key condo living. Impressive high-end finishes, fixtures, and craftsmanship throughout. Highlights include beautiful wide-plank hardwood floors, Thermador SS appliances, large center island with waterfall edge, custom cabinetry, custom closet systems, en-suite bedrooms, and designer bath and lighting fixtures. Ideal entertaining spots inside by the wet bar or pass through the 12' accordion doors to the covered balcony with gas fireplace. Enjoy lake views and the ease of walking to all the exciting restaurants, shopping and community events in Excelsior.

Last Agent to Sell the Property

Beth Ulrich

Compass Listed on: 03/05/2024

Compass

Co-Listed By

Mike Steadman

Compass

Last Buyer's Agent

Christopher Johnston

Walleye Brokerage, LLC

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

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 8,276

HOA Fees

  • $1,479 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Assigned Parking

Interior Spaces

  • 1,968 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Washer

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Additional Features

  • Accessible Elevator Installed
  • Covered Patio or Porch

Community Details

  • Association fees include internet, trash, water
  • Pending Association, Phone Number (612) 296-0900
  • Low-Rise Community
  • 500 Lake Add Subdivision

Property Details

Home Type

Condominium

Year Built

Built in 2023 | New Construction

Lot Details

8,276 Sq Ft Lot

HOA Fees

$1,479 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2023
  • Above Grade Finished Sq Ft: 1968
  • Unit Levels: One
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Wine Cooler
  • Fireplace Features: Gas, Living Room
  • Living Area: 1968
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Den, Porch

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • PatioPorchType: Covered

Garage/Parking

  • Parking Features: Assigned, Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Internet, Other, Trash, Water
  • Phone: 612-296-0900
  • Association Fee: 1479
  • Association: Yes
  • Amenities Unit: Balcony,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Wet Bar

Association/Amenities

  • HOA Management Co: Pending

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 8276.4
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: TBD
  • TaxWithAssessments: 0.0000

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
Mar 5, 2024
Closed on
Aug 2, 2024
Sold by
Bought by
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Christopher Johnston
Walleye Brokerage, LLC
List Price
$2,175,000
Sold Price
$1,950,000
Premium/Discount to List
-$225,000
-10.34%
Views
47

Purchase Details

Closed on
May 31, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2023
Sold by
Bought by

Purchase Details

Closed on
Apr 14, 2022
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,250
Interest Rate
3.52%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Excelsior, MN

See All Agents

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 Buyer Sale Price Title Company
$1,950,000 Commercial Partners Title
$1,950,000 --
$2,465,060 --
$2,465,058 Commercial Partners Title
$500 Commercial Partners Title
$3,000 Commercial Partners Title
$500 New Title Company Name
$675,000 Custom Home Builders Title
$675,000 Custom Home Builders Title
$410,000 Custom Home Builders Title
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 Borrower Loan Amount
Open $1,420,000
Previous Owner $1,000,000
Previous Owner $100,000
Previous Owner $1,000,000
Previous Owner $6,150,000
Closed $540,000
Previous Owner $353,250
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
08/02/2024 08/02/24 Sold $1,950,000 -10.3% $991 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $2,175,000 -- $1,105 / 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 $78,016 $5,396,000 $1,155,000 $4,241,000
2023 $34,019 $2,435,000 $1,155,000 $1,280,000
2022 $9,723 $626,000 $626,000 $0
2021 $14,532 $627,000 $626,000 $1,000
2020 $14,139 $461,000 $460,000 $1,000
2019 $12,749 $435,000 $434,000 $1,000
2018 $8,637 $383,000 $330,000 $53,000
2017 $8,831 $277,000 $235,000 $42,000
2016 $8,320 $256,800 $216,000 $40,800
2015 $8,628 $256,800 $216,000 $40,800
2014 -- $236,800 $196,000 $40,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6488955

NorthstarMLS

APN: 35-117-23-22-0186

Your Personal Tour Guide

Ask me questions while you tour the home.