$660,000
SOLD AUG 29, 2025

529 Wheeler Dr Excelsior, MN 55331

4 Beds
4 Baths
2,330 Sq Ft
0.25 Acres

Recently Sold

$283 Per Sq Ft

3% Below List Price

35 Days on Market

Highlights

  • Multiple Garages
  • Deck
  • Forced Air Heating System
  • Excelsior Elementary School Rated A+
  • 2 Car Attached Garage
  • Community Deck or Porch

About This Home

As of August 2025

Turnkey side by side duplex, highly desirable neighborhood within 4 blocks of Maynards and downtown Excelsior. Lush level lawn with peaceful wetland views out the back deck or lower patio. Both units feature 2 upper-level bedrooms and full baths. Lower-level walkouts include 3/4 baths. The current owners unit lower level includes a kitchenette with frig and sink. Both sides have maple and bamboo flooring in kitchens and bedrooms, washer/dryer units in each lower level. A separate garage comes with each unit. Sellers have occupied and thoroughly renovated over the past 12 years. Renter turnover has been minimal.

Last Agent to Sell the Property

Michael Kozel

Coldwell Banker Realty Brokerage Phone: 612-597-1996 Listed on: 06/27/2025

Coldwell Banker Realty

Last Buyer's Agent

Terry Friedlein

Keller Williams Premier Realty Lake Minnetonka

Keller Williams Premier Realty Lake Minnetonka

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,867

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 70 x 152
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Multiple Garages
  • Garage Door Opener

Home Design

  • Duplex
  • Cedar

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, trash collection
  • The owner pays for grounds care, snow removal, taxes, trash collection
  • Assessor Parcel Number 3511723240022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,867

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected, City Water - In Street
  • Association Amenities: Deck
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 1664
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • Attribution Contact: 612-597-1996
  • Attribution Contact: 612-597-1996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Finished, Owner Access, Partially Finished, Single Tenant Access, Walkout
  • Living Area: 2330
  • Below Grade Finished Sq Ft: 666
  • Owner Pays: Grounds Care, Snow Removal, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Countertops-Granite,Countertops-Solid Surface,French Doors,Kitchen Center Island,Open Floorplan,Tile Floors
  • Appliances: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Stainless Steel Appliances
  • Number Of Fireplaces: 0
  • Amenities: Ceiling Fan(s),Countertops-Granite,Deck,Tile Floors
  • Appliances: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Stainless Steel Appliances
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Brick,Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Multiple Garages

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 70 x 152
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Cedar
  • Units Total: 2

Rental Info

  • Expenses: 2000.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3511723240022
  • Tax Annual Amount: 5867
  • TaxWithAssessments: 6376.0000

Multi Family

  • TenantPays: All Utilities, Cable TV, Electricity, Gas, Trash Collection
  • Number Of Refrigerators: Three
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $660,000 -2.8% $283 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
06/27/2025 06/27/25 For Sale $679,000 +228.0% $291 / Sq Ft
02/08/2013 02/08/13 Sold $207,000 +13.4% $115 / Sq Ft View Prior Sale
01/22/2013 01/22/13 Pending -- -- --
12/26/2012 12/26/12 For Sale $182,600 -- $101 / 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
2024 $6,376 $492,900 $204,000 $288,900
2023 $5,898 $461,900 $170,000 $291,900
2022 $4,921 $437,000 $156,000 $281,000
2021 $4,762 $380,000 $150,000 $230,000
2020 $4,602 $369,000 $146,000 $223,000
2019 $4,543 $347,000 $129,000 $218,000
2018 $4,302 $343,000 $129,000 $214,000
2017 $4,357 $325,000 $140,000 $185,000
2016 $4,352 $318,000 $140,000 $178,000
2015 $4,109 $298,000 $120,000 $178,000
2014 -- $240,000 $72,000 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6741843

NorthstarMLS

APN: 35-117-23-24-0022