$499,900
SOLD MAY 21, 2024

5120 Hooper Lake Rd Excelsior, MN 55331

0.94 Acre
$531,809 Price per Acre
40,946 Sq Ft Lot

Recently Sold

$395 Per Sq Ft

9% Below List Price

94 Days on Market

About This Lot

As of April 2025

Rare opportunity to build your dream home on a 0.94 acre lot is located in beautiful Deephaven. Plenty of space to build with a 6000 sq. ft. buildable footprint and a maximum building height up to 36 feet. Great neighborhood and community including the excellent Minnetonka schools. Easy access to Wayzata, Excelsior, and downtown. Please request showing before walking the lot.

Last Agent to Sell the Property

Charles Johnson

Coldwell Banker Realty Brokerage Phone: 612-723-6492 Listed on: 02/01/2024

Coldwell Banker Realty

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,386

Lot Details

  • Lot Dimensions are 130x316
  • Finished Lot(s)

Community Details

  • No Home Owners Association
  • Vine Hill Heights Mtka Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2511723420025

Property Details

Property Type

Land

Est. Annual Taxes

$5,386

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Public Road
  • Attribution Contact: 612-723-6492
  • Attribution Contact: 612-723-6492
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: None

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Private Well Connected, Cable Available, Electricity Available, Natural Gas Available, Private Well Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 130x316
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2511723420025
  • Tax Annual Amount: 5386
  • TaxWithAssessments: 5386.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Apr 14, 2025
Sold by
Hanson Builders Inc
Bought by
Simmering Otto J and Simmering Roseann A
Seller's Agent
Luke Hanson
Edina Realty, Inc.
Buyer's Agent
Roseann Simmering
Bridge Realty, LLC
List Price
$2,475,000
Sold Price
$2,376,393
Premium/Discount to List
-$98,607
-3.98%
Views
44
Current Estimated Value
$2,373,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,067
Avg. Annual Appreciation
-4.96%
Original Mortgage
$800,000
Outstanding Balance
$800,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$1,526,111

Purchase Details

Closed on
Sep 3, 2024
Sold by
Gw Land Development Of Mn Llc
Bought by
Hanson Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,456,934
Interest Rate
6.78%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 21, 2024
Sold by
Larson Michael and Larson Lucille
Bought by
Gw Land Development Of Mn Llc
Seller's Agent
Charles Johnson
Coldwell Banker Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$550,000
Sold Price
$499,900
Premium/Discount to List
-$50,100
-9.11%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
220.53%

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 20, 2024
Sold by
Larson Michael C and Larson Lucille
Bought by
Gw Land Development Of Mn Llc
Seller's Agent
Charles Johnson
Coldwell Banker Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$550,000
Sold Price
$499,900
Premium/Discount to List
-$50,100
-9.11%
Views
38

Purchase Details

Closed on
Aug 23, 2013
Sold by
Larson Lucille and Larson Michael
Bought by
Larson Michael C and Larson Lucille

Purchase Details

Closed on
Apr 20, 2012
Sold by
Larson Michael
Bought by
Larson Lucille

Purchase Details

Closed on
Sep 25, 1996
Sold by
Duenow David L and Duenow Betty M
Bought by
Larson Michael C and Larson Melanie A
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $2,376,394 Chb Title
Warranty Deed $508,347 Chb Title
Deed $499,900 --
Warranty Deed $499,900 Burnet Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Warranty Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $1,456,934 Construction
Previous Owner $121,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $2,376,393 -4.0% $365 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
09/03/2024 09/03/24 For Sale $2,475,000 +395.1% $380 / Sq Ft
05/21/2024 05/21/24 Sold $499,900 0.0% $395 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/08/2024 04/08/24 Off Market $499,900 -- --
04/04/2024 04/04/24 Price Changed $499,900 -9.1% $395 / Sq Ft
03/15/2024 03/15/24 For Sale $550,000 +10.0% $434 / Sq Ft
03/08/2024 03/08/24 Off Market $499,900 -- --
02/12/2024 02/12/24 For Sale $550,000 +10.0% $434 / Sq Ft
02/03/2024 02/03/24 Off Market $499,900 -- --
02/01/2024 02/01/24 For Sale $550,000 -- $434 / 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
2023 $6,104 $547,000 $267,500 $279,500
2022 $4,932 $506,000 $235,000 $271,000
2021 $4,793 $419,000 $182,000 $237,000
2020 $4,857 $407,000 $177,000 $230,000
2019 $4,676 $397,000 $177,000 $220,000
2018 $4,552 $385,000 $177,000 $208,000
2017 $4,455 $364,000 $177,000 $187,000
2016 $4,366 $351,000 $163,000 $188,000
2015 $3,961 $319,000 $148,000 $171,000
2014 -- $291,000 $136,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6483967

NorthstarMLS

APN: 25-117-23-42-0025