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351 Morse Avenue

Excelsior, MN 55331

3 beds
3 baths
1,128 sqft
6,969 sqft lot
$487 per sqft
1940 build
– on site

Excelsior Village neighborhood very close to Lake Minnetonka Regional Trail, and short walk to fabulous water street business district, shops and restaurants. Home has been recently remodeled with new kitchen and bathrooms, all new floors. West facing porch and deck. Lots of coveted off street parking. Couple block walk to Maynards Restaurant on Lake Minnetonka. The property is zoned Milti-Use Commercial so flexible future use here is unlimited. Can't go wrong with this investment, location - location - location. Dock rights, lake rights thru city on waiting list.

Listing courtesy of NORTHSTAR / Paul Larson / Coldwell Banker Realty

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# 6673152 —

The Building

Year Built:

1940
New Construction:

false
Age Of Property:

85
Construction Materials:

Fiber Cement, Fiber Board
Construction Materials Desc:

Frame
Roof:

Asphalt
Accessibility Features:

None
Levels:

One and One Half
Main Level Finished Area:

752.0000
Basement:

Full, Unfinished
Basement:

true
Foundation Area:

752
Manufactured Home:

No
Building Area Total:

1128
Above Grade Finished Area:

1128

Interior

Dining Room Description:

Eat In Kitchen
Fireplace:

false
Fireplace Features:

Decorative
Amenities:

Hardwood Floors

Room Dimensions

Living Area:

1128

Location

Directions:

Water street to 3rd street south to right on Morse ave Hwy 7 to Morse Ave right
Latitude:

44.899932
Longitude:

-93.56478

The Property

Parcel Number:

3411723140044
Zoning Description:

Business/Commercial,Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Size Area:

0.16
Lot Size Dimensions:

75X101X72X92
Lot Size SqFt:

6969.6
Lot Size Units:

Acres
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

3069
Tax With Assessments:

3069.3800

Beds

Bedrooms Total:

3

Baths

Total Baths:

3
Bath Description:

Main Floor Full Bath,Upper Level 3/4 Bath
Full Baths:

1
Three Quarter Baths:

1
Quarter Baths:

1

Heating & Cooling

Heating:

Boiler
Cooling:

Central Air

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Appliances:

Dishwasher, Microwave, Range, Refrigerator

Schools

High School District:

Minnetonka

The Community

Subdivision Name:

College Point
Association:

false
Assessment Pending:

Unknown

Parking

Parking Features:

Asphalt

Monthly cost estimate

Asking price

$550,000

Expense	Monthly cost
Mortgage	$2,945
Taxes	$255
Insurance	$151
Utilities	$170 See report
Total	$3,521/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
2/19/25 Feb 19, 2025	Relisted	NORTHSTAR	$550,000	96.4% (56.2% / YR)
9/4/23 Sep 4, 2023	Pending	NORTHSTAR
6/7/23 Jun 7, 2023	Listed / Active	NORTHSTAR

32% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $15k above asking price on average, but some went as high as $40k over asking price.

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This house located in Excelsior, MN 55331 is currently for sale for $550,000. 351 Morse Avenue is a 1,128 square foot house with 3 beds and 3 baths that has been on Estately for 3 days. This house is in the attendance area of Middle School West, Excelsior Elementary School, and Minnetonka High School.

Listing Courtesy of: NORTHSTAR and Coldwell Banker Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.