NOT LISTED FOR SALE

7024 Red Cedar Cove Excelsior, MN 55331

Estimated Value: $867,000 - $976,000

3 Beds
2 Baths
2,110 Sq Ft
$437/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $920,000 $436 Per Sq Ft

Current estimated payment $6,233/month

6 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Beach
  • Corner Lot
  • Minnewashta Elementary School Rated A
  • Lake View
  • Home Office

About This Home

As of April 2022

Extremely rare in all of Minnesota is a walkout townhome with lakeshore, one level living and dedicated boat slip. Immaculate and wonderfully updated and maintained. Completely move in ready. Overall lakeshore is 600 feet in HOA with a dedicated dock for each beach townhome owner and storage at the boathouse. This unique property is at the end of a cul-de-sac and private setting with a terrific gradual walkout to the shoreline with substantial grassy area for safe play for kids of all ages. THIS IS ONE OF A KIND. DONT MISS OUT if you desire lakeshore footage maintenance free AND only minutes from 494 west. Lake is 738 acres. THIS IS IT!

Last Listed By

Dale Moser

Blue Chip Realtors, Limited Listed on: 03/22/2022

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,222

Year Built

  • Built in 1986

Lot Details

  • 2,438 Sq Ft Lot
  • Lot Dimensions are 40 x 80
  • 600 Feet of Waterfront
  • Lake Front
  • Few Trees

HOA Fees

  • $424 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Lake Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Listing and Financial Details

  • Assessor Parcel Number 256500010

Community Details

Overview

  • Association fees include beach access, maintenance structure, dock, lawn care, ground maintenance, trash, shared amenities, snow removal
  • Red Cedar Cove Townhome Associatiom Association, Phone Number (612) 281-8910
  • Red Cedar Cove Subdivision

Recreation

  • Beach

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,222

Year Built

Built in 1986

Lot Details

0

HOA Fees

$424 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Beach
  • Fee Frequency: Monthly
  • Year Built: 1986
  • Above Grade Finished Sq Ft: 1250
  • Water Body Name: Minnewashta
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Finished, Walkout
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 2110
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 860
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Office
  • SqFtTotal: 2110.00
  • Shared Rooms: Other

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • View: Panoramic
  • ConstructionMaterialsDesc: Block
  • Lake Acres: 676
  • Lake Bottom: Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 600

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Storage
  • Garage Square Feet: 496
  • Garage Door Height: 8

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Beach Access, Maintenance Structure, Dock, Lawn Care, Maintenance Grounds, Trash, Shared Amenities, Snow Removal
  • Phone: 612-281-8910
  • Association Fee: 424
  • Association: Yes

Association/Amenities

  • HOA Management Co: Red Cedar Cove Townhome Associatiom

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: 40 x 80
  • Lot Size Sq Ft: 2438
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 256500010
  • Tax Annual Amount: 7222
  • TaxWithAssessments: 7222.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2022
Sold by
Broin Scott A
Bought by
Scott A Broin Revocable Trust
Total Days on Market
6
Current Estimated Value
$922,912

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 26, 2022
Sold by
Arvid Jeske Wayne and Arvid Jane Margo
Bought by
Broin Scott A
Seller's Agent
Dale Moser
Blue Chip Realtors, Limited
Buyer's Agent
Doug Kilibarda
Coldwell Banker Realty
List Price
$899,000
Sold Price
$920,000
Premium/Discount to List
$21,000
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.03%

Purchase Details

Closed on
Nov 5, 2020
Sold by
Jeske Margo J and Jeske Wayne Arvid
Bought by
Jeske Margo Jane and Jeske Wayne Arvid

Purchase Details

Closed on
Jun 25, 2003
Sold by
Sobel Suzanne D
Bought by
Morton Willard E

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
Scott A Broin Revocable Trust $500 None Listed On Document
Broin Scott A $920,000 Burnet Title
Jeske Margo Jane -- None Available
Morton Willard E $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeske Margo J $142,857
Previous Owner Jeske Margo J $260,000
Previous Owner Morton Willard E $436,800
Previous Owner Morton Willard E $42,500
Previous Owner Morton Willard E $371,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2022 04/28/22 Sold $920,000 +2.3% $436 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $899,000 -2.3% $426 / Sq Ft
03/21/2022 03/21/22 Off Market $920,000 -- --
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
2025 $8,298 $742,800 $375,000 $367,800
2024 $7,992 $739,400 $375,000 $364,400
2023 $7,790 $732,600 $375,000 $357,600
2022 $7,164 $719,200 $361,600 $357,600
2021 $7,222 $603,100 $301,300 $301,800
2020 $7,332 $601,200 $301,300 $299,900
2019 $6,464 $531,400 $287,000 $244,400
2018 $6,416 $531,400 $287,000 $244,400
2017 $6,084 $524,300 $287,000 $237,300
2016 $6,082 $489,500 $0 $0
2015 $5,528 $453,100 $0 $0
2014 $5,528 $416,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6166597

NorthstarMLS

APN: 25.6500010