7431 Ridge Hill Rd Excelsior, MN 55331
5
Beds
3.5
Baths
3,993
Sq Ft
0.38
Acres
Highlights
- Corner Lot
- Great Room
- Home Gym
- Victoria Elementary School Rated A-
- Home Office
- The kitchen features windows
About This Home
As of October 2024Exceptional two-story home with incredible custom lower level theater room/wet bar just blocks from the Minnesota Landscape Arboretum! The main level welcomes you with a spacious office, a breathtaking great room featuring a gas fireplace, and expansive windows that flood the space with natural light. Gourmet kitchen with newer appliances, maple hardwood floors and cabinetry, granite countertops and bar seating, and a spacious pantry. The recently remodeled mudroom and laundry room provide walls of storage, ensuring everything stays organized. Enjoy meals in the formal dining room or the informal dining space that opens to a beautiful maintenance-free deck, perfect for outdoor entertaining. Upstairs, you'll find four generously sized bedrooms, including a luxurious primary suite with a spacious walk-in closet and an elegant en-suite bathroom featuring double sinks, a soaking tub, and a newly updated shower. The convenience of double staircases adds to the home's thoughtful design. The lower level is a true showstopper, offering a stunning full bar with Cambria countertops, custom cherry cabinetry, a wine fridge and an ice maker. This walkout level is filled with natural light and features a family room with a projector and custom speakers, a smart-technology cove lighting system, and a gym. The 5th bedroom on this level doubles as a second office if needed, while the beautifully designed 3/4 bathroom with a rain showerhead adds a touch of spa-like luxury. Additional features include walls of storage, a hidden workshop, and a paver patio perfect for entertaining. Located close to the Minnesota Landscape Arboretum, downtown Excelsior, the LRT bike trail, Minnewashta Regional Park, and with easy access to major highways, this home offers the best of both convenience and serenity. Plus, the bus stop for Minnetonka High School is just two houses down! Corner lot in a mature neighborhood, this one is a perfect 10!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,232
Year Built
- Built in 2003
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 170x94x136x114
- Corner Lot
HOA Fees
- $14 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Door Opener
Interior Spaces
- 2-Story Property
- Wet Bar
- Family Room with Fireplace
- Great Room
- Dining Room
- Home Office
- Home Gym
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Drain
Utilities
- Forced Air Heating and Cooling System
- Humidifier
Community Details
- Tristan Heights Association, Phone Number (763) 452-0236
- Tristan Heights Victoria Subdivision
Listing and Financial Details
- Assessor Parcel Number 654780280
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2024
Closed on
Oct 21, 2024
Sold by
Laberee Todd P and Laberee Melissa A
Bought by
Nelson Joint Trust and Nelson
Seller's Agent
Kimberly Ekelund
Trenary Realty Group
Buyer's Agent
Michael Nelson
Green Door Group
List Price
$890,000
Sold Price
$840,000
Premium/Discount to List
-$50,000
-5.62%
Views
58
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
$32,304
Avg. Annual Appreciation
0.05%
Original Mortgage
$798,000
Outstanding Balance
$793,646
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$46,698
Purchase Details
Closed on
Oct 29, 2003
Sold by
Lundgren Bros Construction Inc
Bought by
Laberee Todd P and Laberee Melissa A
Similar Homes 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $840,000 | Flex Title | |
| Warranty Deed | $430,964 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $798,000 | New Conventional | |
| Previous Owner | $300,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $348,000 | New Conventional | |
| Previous Owner | $58,000 | Credit Line Revolving | |
| Previous Owner | $390,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $840,000 | -1.2% | $210 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/07/2024 09/07/24 | Price Changed | $850,000 | -2.3% | $213 / Sq Ft |
| 08/30/2024 08/30/24 | Price Changed | $870,000 | -2.2% | $218 / Sq Ft |
| 08/23/2024 08/23/24 | For Sale | $890,000 | -- | $223 / 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 |
|---|---|---|---|---|
| 2025 | $7,718 | $676,400 | $170,000 | $506,400 |
| 2024 | $7,232 | $664,700 | $160,000 | $504,700 |
| 2023 | $6,990 | $637,000 | $160,000 | $477,000 |
| 2022 | $6,868 | $625,300 | $153,700 | $471,600 |
| 2021 | $6,564 | $531,700 | $128,100 | $403,600 |
| 2020 | $6,344 | $531,700 | $128,100 | $403,600 |
| 2019 | $5,112 | $393,600 | $95,000 | $298,600 |
| 2018 | $5,192 | $393,600 | $95,000 | $298,600 |
| 2017 | $5,420 | $393,100 | $94,500 | $298,600 |
| 2016 | $5,738 | $403,100 | $0 | $0 |
| 2015 | $5,778 | $404,400 | $0 | $0 |
| 2014 | $5,778 | $374,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Ekelund
Seller's Agent in 2024
Kimberly Ekelund
Trenary Realty Group
(847) 630-1405
3 in this area
86 Total Sales
-
Michael Nelson
Buyer's Agent in 2024
Michael Nelson
Green Door Group
(612) 636-3507
1 in this area
40 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6584659
APN: 65.4780280
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