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$1,150,000   Price Analysis
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262 Lake St
Excelsior, MN 55331
6 bed 2 bath 2,580 SqFt ($445/SqFt)
7,405SqFt lot. Built 1900
Listed 2022-06-11, Taxes $9,574
Ⓧ USDA Ineligible
due to price & location

near Excelsior

Undoubtedly one of Excelsior's finest and most historic homes is now available for the first time in yers.

* No Longer For Sale *
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Perched above the shores of Excelsior Bay 262/264 Lake St also known as the Kalorama Cottage. It was Originally built in 1882 as a summer boarding house and was later converted to a duplex. Each side has a kitchen, living room, dining room, 3 bedrooms and a wonderful 3 season porch offering impressive vi ews of Excelsior Bay.

This home is number #12 on the list of Historic Preservation Landmarks and remodeling of the exterior will have to be approved by the Historic Preservation Commission Remodeling of the inside does not require approval from the Commission and the home could be converted to a single-family home if desired. Extensive remodeling is needed and most of the value is in the land.


Presented by Kristi Weinstock at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #6216563 from NorthstarMLS

Bedrooms: 6

Total Bathrooms: 2
Full Bathrooms: 2

Basement Features: Full

Heating Features: Forced Air
Heating Fuel: Natural Gas

Water Body Name: Minnetonka
Lake View

Wood
Road Frontage Type: City, Curbs, Paved Streets
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Property Adjoins Public Land, Public Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Acres: 0.17
Lot Size Dimensions: 55 x 132
Lot Size Square Feet: 7405

Garage Spaces: 2
Parking Features: Detached Garage, Driveway - Gravel
Garage Dimensions: 36 x 20
Garage Sqft: 720

View: Bay, East

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 2

School District: 276 - Minnetonka

Excelsior Elementary School is a public elementary school located approximately 0.4 miles away.
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Minnetonka West Middle School is a public middle school located approximately 1.5 miles away.
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Minnetonka Senior High School is a public high school located approximately 2.7 miles away.
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Spring Hill School is a private elementary and middle school located approximately 0.2 miles away.
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Annual Tax Amount: 9202.00
Source Listing Status: Closed
County: Hennepin
Directions: Second Street north of Water St, right on Center St, left on 1st St, right on the alley behind the home. There is a paid parking on Lake Street if you want to park in front on home.
Tax Year: 2022
Source Property Type: Multi-Family
Source Neighborhood: Seamans Sub Of Lts 7 & 8 Excel
Parcel Number: 3411723110133
Subdivision: Seamans Sub Of Lts 7 & 8 Excel
Zoning: Residential-Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$8,000 + $761,000
$769,000
$9,574
2021$8,000 + $738,000
$746,000
$9,201
2020$8,000 + $738,000
$746,000
$9,482
2019$33,000 + $820,000
$853,000
$11,230
2018$5,000 + $820,000
$825,000
$11,190
2017$5,000 + $639,000
$644,000
$8,579
2016$5,000 + $578,000
$583,000
$7,808
2015$5,000 + $493,000
$498,000
$6,732
2014$5,000 + $403,000
$408,000
$7,413
2013$5,000 + $403,000
$408,000
$7,259
2012$5,000 + $417,000
$422,000
$7,171
2011$5,000 + $417,000
$422,000
$5,721
2010$5,000 + $456,000
$461,000
$5,617
2009$4,800 + $406,900
$411,700
$4,727
2008$4,300 + $340,600
$344,900
$3,874
2007$4,600 + $274,500
$279,100
$3,171

Listing removed 2024-05-22
$0
NorthstarMLS
Price Changed 2024-04-22
$1,150,000
NorthstarMLS
Listing removed 2023-07-11
$0
NorthstarMLS
Listed 2023-07-10
$1,250,000
NorthstarMLS
Price Changed 2023-05-10
$1,200,000
NorthstarMLS
Price Changed 2023-03-17
$1,250,000
NorthstarMLS
Listed 2023-01-23
$1,300,000
NorthstarMLS
Sold 2022-07-01
$1,250,000
NorthstarMLS
Listed 2022-06-11
$1,150,000
NorthstarMLS

Total Square Feet Living: 2580
Above Grade Finished Area: 2580
Construction Materials: Concrete, Frame
Foundation Area: 1290.00
Living Area Units: Square Feet
Property Age: 122
Property Condition: Previously Owned
Roof: Age Over 8 Years, Asphalt Shingles, Pitched
Levels or Stories: 2
Total Above Grade Sqft Area: 2580.00
Total Area Main: 1290.00

Electric: Circuit Breakers
Sewer: City Sewer/Connected
Water Source: City Water/Connected

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.