2 months on rocket

405 Lake St, Excelsior, MN, 55331

$1,200,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,092 SqFt
$1,099/SqFt
Condo

Location

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405 Lake St, Excelsior$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingDetached, Parking Lot
Garage1 space
Year Built1968
HeatingForced Air
CoolingCentral Air
MLS #6611157
StatusActive

About 405 Lake St

Rare opportunity for true waters-edge living in Excelsior. You'll love the panoramic Lake Minnetonka views from your spacious patio and bedroom. Premier location approximately 10 steps away from your boat slip makes this a perfect home for those who like to enjoy all the lake has to offer. Great access to dining and much more. Call for a private tour today! It's time to get on the water.

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Living Area: 1,092 SqFt

Listing Office:

  • Office Name: Realty Inc

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy 7 to Lake Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $1,099/SqFt

HOA Fees:

  • Amount: $438
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $6,691
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Excelsior, MN.

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Excelsior, MN

City

Med. Sold Price

$750K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

22

405 Lake St vs Excelsior

62 DAYS ON ROCKET

+15 Days

$1,200,000

+$450K More

$1,099/SqFt

+$848 More

KEY TAKEAWAY

This property is $450K more than the Median Sold Price and $848/SqFt more than other homes in Excelsior, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6611157

Listing Office:

  • Office Name: Realty Inc

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Last updated on: 12/3/2024, 1:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,691$512,000
2019$6,677$497,000
2018$6,595$491,000
2017$6,327$472,000

History based on county public records data.

Payment Calculator

$6,495

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3503353
9
/10

  • Excelsior Elementary

  • 441 Oak St

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-3503354
8
/10

  • Deephaven Elementary

  • 4452 Vinehill Rd

  • 2.40 miles

  • Public District Grades KG-5

school-card-donut-3503355
9
/10

  • Minnewashta Elementary

  • 26350 Smithtown Rd

  • 2.52 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,833. The majority of Excelsior, MN residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 Lake St

What is the listing price of this property?

The listing price of 405 Lake St property is $1,200,000.

What type of property is this?

The property 405 Lake St is a condo located in Excelsior, Minnesota, 55331.

Is this property for sale now?

Active Listing: 405 Lake St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,691 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 405 Lake St has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 405 Lake St is 1,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 405 Lake St is 1968.

Rocket Homes›Minnesota›Hennepin County›Excelsior›55331›405 Lake St

This home is located at 405 Lake St in Excelsior, MN and zip code 55331 in the Lower Lake South neighborhood. This 1,092 square foot home was built in 1968. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $1,200,000.

In November 2024 more than 6 listings in Excelsior, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 12 were sold below. Between October 2024 and November 2024, Excelsior, MN real estate market has seen decrease in the number of listings by 0.7%. While the average time on the market in November 2024 was 47 days, the median list price was $750,000.

From Rocket Homes Real Estate and based on county public records data.

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