5870 Minnetonka Dr Excelsior, MN 55331
Estimated Value: $808,000 - $2,179,000
5
Beds
5.5
Baths
5,828
Sq Ft
$246/Sq Ft
Est. Value
Highlights
- Lake Front
- New Construction
- Loft
- Minnewashta Elementary School Rated A
- Family Room with Fireplace
- No HOA
About This Home
As of June 2023Location and design come together for this Two-Story Custom Home by McDonald Construction in Minnetonka Hills! Located on Mary Lake and within walking distance of downtown Excelsior, this modern home combines the warmth of wood with clean lines, crisp white walls and stunning black windows! The designer kitchen blends rift-cut oak with painted cabinetry and a rear prep kitchen! Glass doors extend the dining room into an enclosed porch/sun room. The upper level features a owners retreat with box vaulted ceilings and a spa bathroom with a massive walk-in closet! The lower level offers a media/game room, wet bar, sport court, exercise room and the 5th bedroom. Plans and selections may be altered by buyer, if desired. This home certainly stands out in a crowd!
Last Agent to Sell the Property
Lakes Sotheby's International Realty Listed on: 11/18/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,614
Year Built
- Built in 2023 | New Construction
Lot Details
- 0.91 Acre Lot
- Lot Dimensions are 81x265x65x265
- Lake Front
Parking
- 3 Car Attached Garage
Interior Spaces
- 2-Story Property
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Home Office
- Loft
- Game Room
- Screened Porch
- Home Gym
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Window Egress
Outdoor Features
- Sport Court
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
Community Details
- No Home Owners Association
- Minnetonka Hills 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 3411723320015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2022
Closed on
Jun 28, 2023
Sold by
White Jay P and White Kathleen
Bought by
Laman Marcus and Zastrow Keisa
Seller's Agent
Arthur Hays
Lakes Sotheby's International Realty
Buyer's Agent
Charlie Adair
Compass
List Price
$1,995,000
Sold Price
$650,000
Premium/Discount to List
-$1,345,000
-67.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$781,227
Avg. Annual Appreciation
26.44%
Original Mortgage
$1,680,366
Outstanding Balance
$1,648,447
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$614,120
Purchase Details
Closed on
Jul 8, 2022
Sold by
Leak Donna
Bought by
White Jay and White Kathleen
Purchase Details
Closed on
Jul 6, 2022
Sold by
Leak Donna J
Bought by
White Jay P and White Kathleen
Similar Home 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laman Marcus | $650,000 | Premier Title | |
| White Jay | $600,000 | -- | |
| White Jay P | $600,000 | Edgewater Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Laman Marcus | $1,680,366 | |
| Previous Owner | Leak Roger Keith | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2023 06/28/23 | Sold | $650,000 | -67.4% | $112 / Sq Ft |
| 05/26/2023 05/26/23 | Pending | -- | -- | -- |
| 11/18/2022 11/18/22 | For Sale | $1,995,000 | -- | $342 / 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 | $7,176 | $619,200 | $408,000 | $211,200 |
| 2022 | $5,614 | $633,000 | $408,000 | $225,000 |
| 2021 | $5,809 | $441,000 | $246,000 | $195,000 |
| 2020 | $5,541 | $452,000 | $262,000 | $190,000 |
| 2019 | $5,605 | $411,000 | $230,000 | $181,000 |
| 2018 | $5,191 | $413,000 | $230,000 | $183,000 |
| 2017 | $4,965 | $365,000 | $192,000 | $173,000 |
| 2016 | $4,935 | $357,000 | $202,000 | $155,000 |
| 2015 | $4,225 | $309,000 | $154,000 | $155,000 |
| 2014 | -- | $297,000 | $162,000 | $135,000 |
Source: Public Records
Agents Affiliated with this Home
-
Arthur Hays
Seller's Agent in 2023
Arthur Hays
Lakes Sotheby's International Realty
(612) 805-5929
4 in this area
166 Total Sales
-
David Remick
Seller Co-Listing Agent in 2023
David Remick
Lakes Sotheby's International Realty
(612) 669-0040
1 in this area
11 Total Sales
-
Charlie Adair
Buyer's Agent in 2023
Charlie Adair
Compass
(612) 986-2480
2 in this area
114 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6310692
APN: 34-117-23-32-0015
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