The most affordable home in 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, new windows, new appliances, new mechanical, 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.
Closed
$365,000
351 Morse Ave, Excelsior, MN 55331
3beds
1,593sqft
Single Family Residence
Built in 1910
6,969.6 Square Feet Lot
$366,400 Zestimate®
$229/sqft
$3,032 Estimated rent
Home value
$366,400
$337,000 - $399,000
$3,032/mo
Zestimate® history
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$2,301/mo
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Zillow last checked:
Listing updated:
Listed by:
Paul W Larson 612-723-1000,
Coldwell Banker Realty
Bought with:
Yana Lin
LPT Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6792157
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 166.75 Square Feet
- Dimensions: 14.5 X 11.5
Bedroom 2
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 11X12
Bedroom 3
- Level: Upper
- Area: 135 Square Feet
- Dimensions: 15 X 9
Den
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11X12
Kitchen
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15X9
Porch
- Level: Main
- Area: 84 Square Feet
- Dimensions: 14X6
Heating
- Boiler
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
Features
- Basement: Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Decorative
Interior area
- Total structure area: 1,593
- Total interior livable area: 1,593 sqft
- Finished area above ground: 1,593
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
Lot
- Size: 6,969 sqft
- Dimensions: 75 x 101 x 72 x 92
Details
- Additional structures: Storage Shed
- Foundation area: 796
- Parcel number: 3411723140044
- Zoning description: Business/Commercial,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Excelsior
- Subdivision: College Point
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 2/22/2026 | Listing removed | $2,800$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/5/2026 | Price change | $2,800-3.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/18/2025 | Price change | $2,900-3.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2025 | Listed for rent | $3,000+36.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2025 | Sold | $365,000-3.9%$229/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6792157 Report a problem | ||
| 9/20/2025 | Pending sale | $379,900$238/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6792157 Report a problem | ||
| 9/20/2025 | Listed for sale | $379,900$238/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6792157 Report a problem | ||
| 9/19/2025 | Listing removed | $2,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/17/2025 | Listing removed | $379,900$238/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 9/16/2025 | Listed for rent | $2,200+10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/14/2025 | Price change | $379,900-3.8%$238/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 6/6/2025 | Price change | $395,000-7.1%$248/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 5/23/2025 | Price change | $425,000-10.5%$267/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 5/21/2025 | Price change | $474,900-5%$298/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 4/30/2025 | Price change | $499,900-9.1%$314/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 2/19/2025 | Listed for sale | $550,000+109.5%$345/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6673152 Report a problem | ||
| 11/26/2024 | Listing removed | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/26/2024 | Price change | $2,000-16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/21/2024 | Price change | $2,400-11.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2024 | Listed for rent | $2,700$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/21/2023 | Sold | $262,500-6.3%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380058 Report a problem | ||
| 9/4/2023 | Pending sale | $280,000$176/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380058 Report a problem | ||
| 6/3/2023 | Listed for sale | $280,000+30.2%$176/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380058 Report a problem | ||
| 10/6/2021 | Sold | $215,000$135/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6001753 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,058 +13.1% | $268,900 +5% |
| 2024 | $2,703 +14.9% | $256,000 +10% |
| 2023 | $2,353 -8.3% | $232,800 +17.6% |
| 2022 | $2,567 -12.8% | $198,000 +0.5% |
| 2021 | $2,943 -4.8% | $197,000 -7.1% |
| 2020 | $3,092 +5.1% | $212,000 -1.9% |
| 2019 | $2,943 -4.8% | $216,000 +3.3% |
| 2018 | $3,092 +3.5% | $209,000 +0.5% |
| 2017 | $2,988 -2% | $208,000 |
| 2016 | $3,048 -2.5% | $208,000 +10.1% |
| 2015 | $3,125 +16.5% | $189,000 +2.2% |
| 2014 | $2,682 -0.5% | $185,000 +1.1% |
| 2013 | $2,695 +3.2% | $183,000 -1.6% |
| 2012 | $2,612 -5.5% | $186,000 -8.8% |
| 2011 | $2,766 +0.4% | $204,000 -9.7% |
| 2010 | $2,754 +4.7% | $226,000 -1.3% |
| 2009 | $2,631 +26.1% | $229,000 +35.7% |
| 2006 | $2,086 +9.2% | $168,700 +15% |
| 2005 | $1,910 +8.9% | $146,700 +15% |
| 2004 | $1,753 +3.5% | $127,600 +11.9% |
| 2002 | $1,693 -33.6% | $114,000 |
| 2001 | $2,549 | -- |
Find assessor info on the county website
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.2 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$366,400
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Estimated market value
$366,400
- Minnesota
- Hennepin County
- Excelsior
- 55331
- 351 Morse Ave
Nearby cities
Nearby zip codes
Other Excelsior Topics
