$599,000
Original price: $629,000
4 Beds
2.5 Baths
2,612 sqft (on 0.26 acres)
542 3rd Ave, Excelsior, MN 55331
Est. Mortgage $3,902/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1948
0.26 acre lot
$229/sqft
Local Information
- Map ViewExplore the area around 542 3rd Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Last check for updates: about 12 hours ago
Listing courtesy of David R Philp, (612) 750-8087
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#7123402
Also Listed on NorthstarMLS as distributed by MLS GRID.
Home Details for 542 3rd Ave
|
|---|
MLS Status: Active |
|
|---|
Interior Details Basement: Block,FinishedNumber of Rooms: 11Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room, Office |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 2612 Square FeetFoundation Area: 1636 |
Appliances & Utilities Appliances: Dryer, Range, Refrigerator, WasherDryerLaundry: In BasementRefrigeratorWasher |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Brick, Wood BurningHas a Fireplace |
Gas & Electric Electric: Circuit BreakersGas: Natural Gas |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: None |
View No View |
|
|---|
Exterior Home Features Roof: Age Over 8 YearsPatio / Porch: PatioFencing: NoneNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Asphalt |
Pool Pool: None |
Frontage Road Frontage: City StreetNot on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 2196 Square FeetFinished Area (below surface): 416 Square Feet |
|
|---|
Days on Market: 46 |
|
|---|
Year Built Year Built: 1948 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family |
Building Construction Materials: FrameNot a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 3511723230046 |
|
|---|
Price List Price: $599,000Price Per Sqft: $229 |
|
|---|
|
|---|
Direction & Address City: ExcelsiorCommunity: Jones & Galpins Add & Sub Galpins |
School Information High School District: Minnetonka |
|
|---|
Listing Agent Listing ID: 7123402 |
|
|---|
Building Area Building Area: 2931 Square Feet |
|
|---|
No HOAHOA Fee: No HOA Fee |
|
|---|
Lot Area: 0.26 acres |
|
|---|
Contingencies: None |
|
|---|
BasementMls Number: 7123402Above Grade Unfinished Area: 2196 |
Around this home
What Locals Say about Excelsior
At least 15 Trulia users voted on each feature.
92 % Say people would walk alone at night
91 % Say it's walkable to restaurants
88 % Say it's dog friendly
86 % Say there's holiday spirit
81 % Say kids play outside
79 % Say there are sidewalks
76 % Say yards are well-kept
74 % Say it's walkable to grocery stores
68 % Say there's wildlife
67 % Say there are community events
65 % Say it's quiet
63 % Say they plan to stay for at least 5 years
60 % Say parking is easy
57 % Say neighbors are friendly
48 % Say car is needed
44 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Excelsior
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
10
2MoM
Home Value
Trulia Estimate
$592KSince last month
Decreased$32K (-5.1%)Since last year
Increased$79K (+15.3%)Since last sale
Increased$437K (+281.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +74% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $592K |
| August 2026 | $623K |
| July 2026 | $532K |
| June 2026 | $536K |
| May 2026 | $533K |
| April 2026 | $528K |
| March 2026 | $520K |
| February 2026 | $511K |
| January 2026 | $498K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Single-Family Home | $425,000 | 04/15/26 | 4 | 2 | 2,380 | |
0.06 | Single-Family Home | $410,000 | 05/06/26 | 3 | 2 | 2,140 | |
0.07 | Single-Family Home | $915,000 | 04/20/26 | 4 | 3 | 2,742 | |
0.11 | Single-Family Home | $366,000 | 08/31/26 | 3 | 2 | 1,560 | |
0.15 | Single-Family Home | $475,000 | 02/06/26 | 3 | 2 | 1,952 | |
0.17 | Single-Family Home | $425,000 | 04/10/26 | 5 | 2 | 4,200 | |
0.08 | Single-Family Home | $405,000 | 05/22/26 | 2 | 2 | 1,274 | |
0.29 | Single-Family Home | $500,000 | 09/30/25 | 3 | 2 | 2,079 | |
0.62 | Single-Family Home | $636,000 | 01/13/26 | 4 | 3 | 2,740 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $512,300 | 3 | 3 | 1,667 | Off Market | |
0.06 | $410,000 | 3 | 2 | 2,140 | Recently Sold | |
0.08 | $405,000 | 2 | 2 | 1,274 | Recently Sold | |
0.07 | $915,000 | 4 | 3 | 2,742 | Recently Sold | |
0.11 | $501,200 | 4 | 2 | 2,368 | Off Market | |
0.09 | $488,200 | 4 | 2 | 2,814 | Off Market | |
0.11 | $389,600 | 3 | 1.5 | 1,176 | Off Market | |
0.11 | $366,000 | 3 | 2 | 1,560 | Recently Sold | |
0.17 | $425,000 | 5 | 2 | 4,200 | Recently Sold | |
0.15 | $475,000 | 3 | 2 | 1,952 | Recently Sold | |
0.18 | $361,700 | 3 | 1.5 | 715 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 3, 2026 Source: NorthstarMLS as distributed by MLS GRID #7123402 | PriceChange | $599,000 Price decreased by 5% |
Aug 7, 2026 Source: NorthstarMLS as distributed by MLS GRID #7123402 | Listed For Sale | $629,000 |
May 9, 2023 Source: Zillow Rentals | ListingRemoved | |
Apr 11, 2023 Source: Zillow Rentals | Listed For Rent | $2,150 |
Oct 13, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Aug 14, 2022 Source: Zillow Rental Manager | PriceChange | $2,150 Price decreased by 9% |
Aug 10, 2022 Source: Zillow Rental Manager | Listed For Rent | $2,350 |
Mar 5, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Mar 1, 2022 Source: Zillow Rental Manager | Listed For Rent | $2,250 |
Sep 21, 2017 Source: Agent Provided | ListingRemoved | $1,950 |
Aug 17, 2017 Source: Agent Provided | PriceChange | $1,950 Price decreased by 5% |
Jun 7, 2017 Source: Agent Provided | PriceChange | $2,050 Price decreased by 7% |
May 15, 2017 Source: Agent Provided | PriceChange | $2,200 Price decreased by 4% |
Apr 29, 2017 Source: Agent Provided | PriceChange | $2,300 Price decreased by 4% |
Mar 15, 2017 Source: Agent Provided | Listed For Rent | $2,400 |
Apr 13, 2016 Source: Agent Provided | ListingRemoved | $2,000 |
Sep 22, 2014 Source: Agent Provided | ListingRemoved | $2,100 |
Aug 22, 2014 Source: Agent Provided | Listed For Rent | $2,100 |
Jun 5, 2009 Source: Lake Superior Area Realtors as distributed by MLS GRID #1256445 | Sold | $155,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $5,388 | $457,200 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
David R Philp, Coldwell Banker Realty
Agent Phone: (612) 750-8087
Based on information submitted to the MLS GRID as of 2026-09-22 01:18:27 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
Similar Homes You May Like
Keller Williams Realty Integrity Lakes
0.47 ACRESKeller Williams Classic Realty
OPEN SAT, 3-5PMJason Mitchell Group
Lakes Sotheby's International Realty
0.69 ACRESKeller Williams Premier Realty Lake Minnetonka
See more homes for sale inExcelsior
New Listings near 542 3rd Ave
OPEN SUN, 11-12:30PM0.52 ACRESColdwell Banker Realty - Southwest Regional
COMING SOON 9/230.51 ACRESColdwell Banker Realty
0.58 ACRESKeller Williams Realty Integrity
1.06 ACRESColdwell Banker Realty
0.53 ACRESColdwell Banker Realty - Southwest Regional
OPEN SAT, 12-2PMCOMING SOON 9/23Compass- See more homes for sale inExcelsior
Frequently asked questions about 542 3rd Ave
- What is the estimated monthly payment for 542 3rd Ave?Based on a $599,000 list price with 20% down at today's rates, the estimated monthly payment for 542 3rd Ave in Excelsior, MN is approximately $3,923 (about $3,264 principal & interest, $584 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Excelsior?Residents describe Excelsior, MN as walkable to restaurants, dog-friendly, and pedestrian-friendly. See homes for sale in Excelsior, MN.
- What are the closest schools to 542 3rd Ave?The closest schools to 542 3rd Ave in Excelsior, MN are Excelsior Elementary School (rated 10/10), Minnetonka Senior High School (rated 10/10), Minnetonka West Middle School (rated 9/10).
- What is 542 3rd Ave estimated to be worth?Trulia's estimated value for 542 3rd Ave in Excelsior, MN is $591,500.
- Does 542 3rd Ave have air conditioning?Yes, 542 3rd Ave in Excelsior, MN has air conditioning.
- Does 542 3rd Ave have laundry facilities?Yes, 542 3rd Ave in Excelsior, MN has in-unit laundry.
542 3rd Ave, Excelsior, MN 55331 is a 4 bedroom, 3 bathroom, 2,612 sqft single-family home built in 1948. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Aug 7, 2026. The MLS # for this home is MLS# 7123402.