Prime Excelsior location—walk to downtown, Lake Minnetonka, dining, shopping, parks, and trails.
This Minnetonka schools, Four-bedroom layout has flexible space for family, guests, or a home office.
Separate climate controlled studio/office ideal for remote work, fitness, or creative use.
Bright morning room off the kitchen for coffee, casual meals, or sunlit lounging. Walkout primary bedroom with direct access to the private backyard.
Large windows throughout for abundant natural light. Private fenced backyard perfect for entertaining, pets, and outdoor relaxation.
Adjacent to the new Mill Street pathway with access to regional trail networks. Move in ready with recent updates: new driveway, fresh paint, and new flooring.
Highly walkable neighborhood with the privacy of a backyard retreat. Enjoy year round Excelsior living close to the lake, recreation, and community events. Lots to like, you will not be disappointed.
Active
$629,000
542 3rd Ave, Excelsior, MN 55331
4beds
2,612sqft
Single Family
Built in 1948
0.26 Acres Lot
$616,700 Zestimate®
$241/sqft
$-- HOA
What's special
New flooringNew drivewayFresh paint
- 10 days |
- 1,872 |
- 67 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
David R Philp 612-750-8087,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7123402
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 118 Square Feet
- Dimensions: 11.8x10
Bedroom 2
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 3
- Level: Upper
- Area: 127.2 Square Feet
- Dimensions: 10.6x12
Bedroom 4
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Family room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Family room
- Level: Lower
- Area: 169 Square Feet
- Dimensions: 13x13
Kitchen
- Level: Main
- Area: 163.8 Square Feet
- Dimensions: 13x12.6
Laundry
- Level: Lower
- Area: 64 Square Feet
- Dimensions: 8x8
Living room
- Level: Main
- Area: 330 Square Feet
- Dimensions: 22x15
Office
- Level: Main
- Area: 124.8 Square Feet
- Dimensions: 13x9.6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: In Basement
Features
- Basement: Block,Finished
- Number of fireplaces: 2
- Fireplace features: Brick, Wood Burning
Interior area
- Total structure area: 2,931
- Total interior livable area: 2,612 sqft
- Finished area above ground: 2,196
- Finished area below ground: 416
Video & virtual tour
Property
Parking
- Parking features: Asphalt
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Pool features: None
- Fencing: None
Lot
- Size: 0.26 Acres
- Dimensions: 128 x 91 x 129 x 86
Details
- Foundation area: 1636
- Parcel number: 3511723230046
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Jones & Galpins Add & Sub Galpins
HOA
- Has HOA: No
Location
- Region: Excelsior
Financial & listing details
- Price per square foot: $241/sqft
- Tax assessed value: $457,200
- Annual tax amount: $5,602
- Date on market: 8/7/2026
Estimated market value
$616,700
$586,000 - $648,000
$5,453/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $629,000+305.8%$241/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7123402 Report a problem | ||
| 5/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/11/2023 | Listed for rent | $2,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/13/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/14/2022 | Price change | $2,150-8.5%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/10/2022 | Listed for rent | $2,350+4.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/5/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/1/2022 | Listed for rent | $2,250+15.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/21/2017 | Listing removed | $1,950$1/sqft |
Source: Simply Residential Property Report a problem | ||
| 8/17/2017 | Price change | $1,950-4.9%$1/sqft |
Source: Simply Residential Property Management Report a problem | ||
| 6/7/2017 | Price change | $2,050-6.8%$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 5/15/2017 | Price change | $2,200-4.3%$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 4/29/2017 | Price change | $2,300-4.2%$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 3/15/2017 | Listed for rent | $2,400+20%$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 4/13/2016 | Listing removed | $2,000-4.8%$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 9/22/2014 | Listing removed | $2,100$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 8/22/2014 | Listed for rent | $2,100$1/sqft |
Source: Excel Leasing and Management Report a problem | ||
| 6/5/2009 | Sold | $155,000$59/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1256445 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,388 +9.2% | $457,200 +1.4% |
| 2024 | $4,935 +6.5% | $451,100 +6.1% |
| 2023 | $4,634 +3.7% | $425,100 +9% |
| 2022 | $4,469 +3.5% | $390,000 +13.7% |
| 2021 | $4,320 -0.2% | $343,000 +3.3% |
| 2020 | $4,326 +0.2% | $332,000 +3.1% |
| 2019 | $4,320 -0.2% | $322,000 +1.6% |
| 2018 | $4,326 +9% | $317,000 +12.4% |
| 2017 | $3,968 +2.9% | $282,000 +4.8% |
| 2016 | $3,854 +2.5% | $269,000 +10.7% |
| 2015 | $3,761 +9.1% | $243,000 +24.6% |
| 2014 | $3,449 +15.4% | $195,000 -3.9% |
| 2013 | $2,990 -5.4% | $203,000 -9.8% |
| 2012 | $3,160 +9.4% | $225,000 +5.6% |
| 2011 | $2,888 -12.9% | $213,000 -21.7% |
| 2010 | $3,314 -23.4% | $272,000 -5.2% |
| 2009 | $4,326 +18.6% | $287,000 +8.3% |
| 2006 | $3,647 -4.2% | $265,000 +1.9% |
| 2005 | $3,808 +29.5% | $260,000 +14.9% |
| 2004 | $2,941 +4.6% | $226,300 +12% |
| 2002 | $2,811 -40.5% | $202,100 |
| 2001 | $4,722 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55331
Nearby schools
GreatSchools rating
- 10/10Excelsior Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Minnetonka West Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.6 mi
- $467,2002 bd1 ba2.2k sqft530 3rd Ave, Excelsior, MN 55331Off Market
- $848,0003 bd3 ba2.3k sqft524 Mill St, Excelsior, MN 55331Off Market
- $559,0004 bd4 ba2.5k sqft600 3rd Ave, Excelsior, MN 55331Sold
- $358,7003 bd1 ba1.3k sqft432 Mill St, Excelsior, MN 55331Off Market
- $564,7005 bd2 ba2.7k sqft525 3rd Ave, Excelsior, MN 55331Off Market
- $394,5002 bd1 ba1.2k sqft534 Mill St, Excelsior, MN 55331Off Market
- $409,5001 bd1 ba3.1k sqft429 Mill St, Excelsior, MN 55331Off Market
- $544,7002 bd1 ba1.8k sqft520 3rd Ave, Excelsior, MN 55331Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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