NOT LISTED FOR SALE

75 W Point Ave Excelsior, MN 55331

Estimated Value: $1,967,000 - $2,218,000

4 Beds
2.5 Baths
3,444 Sq Ft
$596/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $1,727,075 $501 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,540/month

16 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Family Room with Fireplace
  • Den
  • Minnewashta Elementary School Rated A
  • No HOA
  • Stainless Steel Appliances

About This Home

As of April 2024

Lake Minnetonka beach house! Rare, Lower Lake lakefront with level lawn and miles of panoramic views of Big Island and beyond. Open main level features lakeside kitchen/great room with wall of glass and access to the patio and lush yard. Main floor spaces also include separate living/dining and private den. Second level features the primary suite with private bath and wall of glass overlooking the water. Three additional bedrooms and adjacent full bath complete this floor. Quiet, neighborhood setting just a few minutes to downtown Excelsior and the LRT Regional Trail. Award-winning Minnetonka Schools. Enjoy the lake this summer!

Last Agent to Sell the Property

Gregg Larsen

Coldwell Banker Realty Brokerage Phone: 612-719-4477 Listed on: 02/07/2024

Coldwell Banker Realty

Last Buyer's Agent

Matthew Lunde

Dwell Realty Partners, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,864

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x144x50x139
  • 50 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 3,444 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Den
  • Crawl Space

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Rear Porch

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Water Filtration System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2211723320013

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,864

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Fee Frequency: N/A
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 3444
  • 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: Crawl Space
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Wall Oven, Washer
  • Fireplace Features: Family Room, Living Room, Wood Burning
  • Living Area: 3444
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • View: East, Lake, Panoramic
  • PatioPorchType: Rear Porch
  • Lake Acres: 14205
  • LakeChain: N
  • Waterfront Frontage: 50

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener
  • Garage Square Feet: 624

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Other
  • Association: No
  • Amenities Unit: Balcony,Deck,Dock,Hardwood Floors,Hot Tub,Natural Woodwork,Patio,Panoramic View,Skylight,Tile Floors,Washer/Dryer Hookup

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 50x144x50x139
  • Lot Size Sq Ft: 6969.6
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2211723320013
  • Tax Annual Amount: 18864
  • TaxWithAssessments: 18864.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Apr 22, 2024
Sold by
Fischer Kimberlee J and Fischer Robert D
Bought by
Lunde Matthew and Lunde April
Seller's Agent
Gregg Larsen
Coldwell Banker Realty
Buyer's Agent
Matthew Lunde
Dwell Realty Partners, LLC
List Price
$1,899,000
Sold Price
$1,727,075
Premium/Discount to List
-$171,925
-9.05%
Views
356
Current Estimated Value
$1,962,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,135
Avg. Annual Appreciation
12.04%
Original Mortgage
$1,295,306
Outstanding Balance
$1,282,975
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$712,289
Source: Public Records

Range of Values:

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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
Lunde Matthew $1,727,076 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lunde Matthew $1,295,306
Previous Owner Fischer Kimberlee J $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $1,727,075 0.0% $501 / Sq Ft
02/25/2024 02/25/24 Pending -- -- --
02/19/2024 02/19/24 Off Market $1,727,075 -- --
02/09/2024 02/09/24 For Sale $1,899,000 -- $551 / 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 $20,430 $1,749,300 $1,240,100 $509,200
2022 $15,938 $1,599,000 $1,136,000 $463,000
2021 $15,169 $1,243,000 $874,000 $369,000
2020 $14,632 $1,174,000 $808,000 $366,000
2019 $13,846 $1,083,000 $728,000 $355,000
2018 $12,990 $1,016,000 $662,000 $354,000
2017 $11,928 $878,000 $550,000 $328,000
2016 $11,814 $857,000 $550,000 $307,000
2015 $11,833 $857,000 $550,000 $307,000
2014 -- $782,000 $500,000 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6485963

NorthstarMLS

APN: 22-117-23-32-0013