$1,250,000

262 Lake Street, Excelsior, MN 55331


262 Lake Street Excelsior, MN 55331 - Lake Minnetonka

For Sale MLS# 6325761

6 beds 2 baths 1 sq ft Single Family

Data current as of {{getLocalTime('2023-03-26T22:35:30Z')}}

Details for 262 Lake Street

MLS# 6325761

Description for 262 Lake Street, Excelsior, MN, 55331 - Lake Minnetonka


One of Excelsior's finest and most historic homes is once again available. It sits 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 amazing views of Excelsior Bay. This home is number #12 on the list of Historic Preservation Landmarks. 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. Structure cannot be torn down. Renderings/Drawings are in the supplements. Extensive remodeling is needed and most of the value is in the land. This is an incredible opportunity to restore something truly special and historic on the most iconic lake in the Twin Cities!

Listing Information


Property Type: Residential, Single Family, 2 Story

Status: Active

Bedrooms: 6

Bathrooms: 2

Lot Size: 0.17 Acres

Square Feet: 1 sq ft

Year Built: 1900

Foundation: 1,290 sq ft

Garage: Yes

Stories: 2 Stories

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Seamans Sub Of Lts 7 & 8 Excelsior

Builder:

Foundation:

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 60

HERS Score:

Construction Status: Previously Owned

School Information


District: 276 - Minnetonka

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 2

Interior Features


Square Footage above: 1 sq ft

Square Footage below:

Flooring:

Basement: Full

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities:

Other Utilities:

Cooling: None

Heating: Natural Gas, None

Exterior / Lot Features


Garage Spaces: 2

Parking Description: Detached Garage, Driveway - Gravel, Garage Sq Ft - 720.0

Exterior: Wood

Lot View:

Lot Dimensions: 55x132

Farm Type:

Crop Type:

Zoning: Residential-Single Family

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Waterfront Details


Body of Water: Lake Minnetonka

DNR Lake ID: 27013300

Water Front Type: Lake View

Water Frontage:

Lake Acres: 14,730

Lake Depth: 113 Ft.

Lake Bottom:

Lake Chain Name:

Lake Chain Acres:

Road Between Waterfront and Home: No

Slope To Waterfront:

High Point to Waterfront:

Driving Directions


From Center St, go North on First St and take your first right.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 3411723110133

Tax Amount: $9,574

Tax Year: 2022

HomeStead Description: Non-Homesteaded

Price Changes


$1,300,000 Original Price
$1,250,000 Current Price
-$50,000 Total Change
Date Price Change
3/16/2023 08:50 PM $1,250,000 -$50,000
1/23/2023 04:05 PM $1,300,000

Sales History

Date Price Change
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Tax Summary

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Schools nearby 262 Lake Street

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings