NOT LISTED FOR SALE

55 Mound Ave Excelsior, MN 55331

Estimated Value: $2,838,266 - $3,156,000

4 Beds
4.5 Baths
4,864 Sq Ft
$617/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $2,795,000 $575 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $18,665/month

5 Days on Market

Highlights

  • 59 Feet of Waterfront
  • No HOA
  • Home Office
  • Minnewashta Elementary School Rated A
  • Game Room
  • 4-minute walk to Manitou Park

About This Home

As of October 2023

Coastal beach house on Lake Minnetonka! Casual layout with luxury finishes, unique window detail and wall of glass with panoramic views of Gideon Bay. Gourmet kitchen steps out to the large flagstone patio with outdoor fireplace, level lakeside lawn, sandy beach and miles of views of the Lower Lake. Main level also includes lakeside living room with fireplace and private den/guest room with adjacent bath. Second floor features lakeside primary suite with luxury bath and private balcony. Two additional en suite bedrooms and an office complete this floor. Lower-level features media/theater room with bar and an exercise room. Extra deep garage with additional access on side for easy toy/car storage. Quiet neighborhood minutes to Downtown Excelsior, LRT Bike Trail and award-winning Minnetonka Schools.

Last Agent to Sell the Property

Gregg Larsen

Coldwell Banker Realty Brokerage Phone: 612-719-4477 Listed on: 09/27/2023

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Sweetser

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,496

Year Built

  • Built in 2002

Lot Details

  • 0.31 Acre Lot
  • 59 Feet of Waterfront
  • Lake Front

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Game Room
  • Home Gym

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Additional Features

  • Air Exchanger
  • Patio

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2811723430033

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,496

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 2002
  • Above Grade Finished Sq Ft: 4122
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-719-4477
  • Attribution Contact: 612-719-4477
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Full, Sump Pump
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Water Osmosis System, Microwave, Range, Refrigerator, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Living Room
  • Living Area: 4864
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 742
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Dining Room, Office, Laundry, Mud Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Amusement Room, Exercise Room
  • SqFtTotal: 5257.00

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • View: Bay, Panoramic
  • PatioPorchType: Patio
  • Lake Acres: 14729
  • LakeChain: N
  • Waterfront Frontage: 59

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Garage Door Opener, Heated Garage, Insulated Garage
  • Garage Square Feet: 761

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Ceiling Fan(s),Deck,Dock,Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Natural Woodwork,Patio,Porch,Panoramic View,In-Ground Sprinkler,Tile Floors,Vaulted Ceiling(s),Walk-In Closet

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: SW60x260x59x250
  • Lot Size Sq Ft: 13503.6
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2811723430033
  • Tax Annual Amount: 27496
  • TaxWithAssessments: 27496.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Oct 11, 2023
Sold by
Michael Laurie A and Michael William
Bought by
Erin Wilbur Hearst Trust and Hearst
Seller's Agent
Gregg Larsen
Coldwell Banker Realty
Buyer's Agent
Jennifer Sweetser
RE/MAX Results
List Price
$2,795,000
Sold Price
$2,795,000
Views
10
Current Estimated Value
$2,907,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,282
Avg. Annual Appreciation
0.29%

Purchase Details

Closed on
May 31, 2012
Sold by
Lsw Properties Llc
Bought by
Michael William and Michael Laurie A

Purchase Details

Closed on
May 4, 2007
Sold by
Lsw Properties Llc
Bought by
Michael William and Michael Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Haugen Greggory S
Bought by
Lsw Properties Llc

Purchase Details

Closed on
Aug 27, 2003
Sold by
Berhagen Kirk C
Bought by
Haugen Gregory S

Purchase Details

Closed on
Aug 9, 2001
Sold by
Schaefer Dennis E
Bought by
Bernhagen Kirk C and Bernhagen Deborah A
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Erin Wilbur Hearst Trust $2,795,000 Executive Title Services
Michael William -- None Available
Michael William $2,250,000 --
Lsw Properties Llc $2,245,000 --
Haugen Gregory S $1,558,000 --
Bernhagen Kirk C $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michael William $1,164,000
Previous Owner Michael William $1,257,500
Previous Owner Michael William $1,360,000
Previous Owner Michael William $1,575,000
Previous Owner Michael William $337,500
Previous Owner Michael William $575,000
Previous Owner Haugen Greggory S $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $2,795,000 0.0% $575 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/30/2023 09/30/23 Off Market $2,795,000 -- --
09/29/2023 09/29/23 For Sale $2,795,000 -- $575 / 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 $31,298 $3,051,200 $1,658,200 $1,393,000
2022 $24,331 $2,639,000 $1,504,000 $1,135,000
2021 $23,598 $2,039,000 $1,157,000 $882,000
2020 $23,326 $1,959,000 $1,070,000 $889,000
2019 $23,878 $1,847,000 $964,000 $883,000
2018 $26,370 $1,832,000 $964,000 $868,000
2017 $25,380 $1,778,000 $891,000 $887,000
2016 $24,300 $1,678,000 $891,000 $787,000
2015 $24,379 $1,678,000 $891,000 $787,000
2014 -- $1,582,000 $825,000 $757,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6438858

NorthstarMLS

APN: 28-117-23-43-0033