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156 Lake St, Excelsior, MN, 55331

$1,500,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,185 SqFt
$471/SqFt
House
Schools Nearby

Location

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156 Lake St, Excelsior$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Open
Year Built1870
HeatingForced Air, Wood Stove
CoolingCentral Air, Window Unit(s)
BasementYes
WaterfrontLake
FireplaceGas, Living Room, Primary Bedroom, Wood Burning, Wood Burning Stove
ViewBay, Other, Lake, Panoramic
MLS #6501872
StatusActive

About 156 Lake St

Embrace a world of possibilities at 156 Lake Street, where the charm of yesteryear meets endless potential on the shores of Lake Minnetonka across from Commons Park. This character-rich home features sun-drenched rooms, high ceilings and rich wood floors. Three large bedrooms, and a spacious third-floor loft is ideal for an office or extra living space. A sprawling porch with panoramic lake views is set behind a privacy hedge, ripe for living or reimagining into your dream home. This unique property presents a rare remodel or rebuild opportunity in the highly sought-after Excelsior area—perfect for crafting your lakefront oasis. Delight in community jewels like sandy beaches, kayaking, biking, shopping, gourmet dining, and vibrant local events steps from your front door. This is more than a home; it's a canvas for your future in a community that celebrates life by the lake. Don't miss the chance to be part of Excelsior living! Garage addition/remodel plans available per request.

Property Details

Property Features

Property Information:

  • Year Built: 1870
  • Living Area: 3,185 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Water Osmosis System, Microwave, Refrigerator, Oven, Washer
  • Basement: Yes
  • Fireplace: Gas, Living Room, Primary Bedroom, Wood Burning, Wood Burning Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Bay, Other, Lake, Panoramic

Parking Information:

  • Parking: Asphalt, Open

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air, Wood Stove
  • Cooling: Central Air, Window Unit(s)

School Info

Assigned Schools Information:

  • Minnetonka High School, Public District Grades 9-12
  • Minnetonka Middle School West, Public District Grades 6-8
  • Excelsior Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 7 to 2nd street exit in Excelsior. Right at stop - follow to Lake street - home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $471/SqFt

Tax Information:

  • Annual Amount: $15,140
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6501872

Listing Office:

  • Office Name: Coldwell Banker Realty

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Property Sales & Tax

Listing History

Jun 07, 2002Home Sold
$585,000

Tax History

YEARPROP. TAXASSESSMENT
2020$15,140$1,055,000
2019$15,485$1,046,000
2018$15,673$1,058,000
2017$14,878$1,007,000

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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.

Elementary School

school-card-donut-2211334
9
/10

  • Excelsior Elementary

  • 441 Oak St

  • 0.50 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2211335
7
/10

  • Minnetonka Middle School West

  • 6421 Hazeltine Blvd

  • 1.55 miles

  • Public District Grades 6-8

High School

school-card-donut-2211336
8
/10

  • Minnetonka High School

  • 18301 Highway 7

  • 2.79 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,833. Residents of Hennepin County, MN typically earn between $35k-100k each year. Residents typically live in single, no kids family. 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 156 Lake St

What is the listing price of this property?

The listing price of 156 Lake St property is $1,500,000.

What type of property is this?

The property 156 Lake St is a house located in Excelsior, Minnesota, 55331.

Is this property for sale now?

Active Listing: 156 Lake St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 156 Lake St are:
Excelsior Elementary: GreatSchools Rating 9/10
Minnetonka Middle School West: GreatSchools Rating 7/10
Minnetonka High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,140 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 7, 2002 for $585,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 156 Lake St has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 156 Lake St is 3,185 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 156 Lake St is 1870.

Rocket Homes›Minnesota›Hennepin County›Excelsior›55331›156 Lake St

This home is located at 156 Lake St in Excelsior, MN and zip code 55331 in the Lower Lake South neighborhood. This 3,185 square foot home was built in 1870. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,500,000.

In March 2024, from all listings sold in Hennepin County, MN there were more than 417 sold above asking price, over 400 sold below and more than 198 were sold right at the asked price. The number of homes for sale in Hennepin County, MN increased by 16.5% between February 2024 and March 2024. While the average time on the market in March 2024 was 38 days, the median list price was $375,022.

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

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