Excelsior Elementary
- Enrollment
- 707
- Students per teacher
- 12.9
441 Oak St, Excelsior, MN 55331
(952) 401-5650
1 / 53
500 William Street, Excelsior, MN 55331 - MLS# 7156650
$599,000
Bedrooms
4
Bathrooms
2
Square Feet
1,873
Acres
0.16
Year Built
1940
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Ceiling Fan(s), Central Air
Garages
1
Days on Market
21
School District
276 - Minnetonka
Live just steps from the heart of historic downtown Excelsior in this charming 1½-story bungalow offering over 1,800 finished square feet and a surprisingly versatile floor plan.
The main level features two bedrooms, a full bath, inviting living room, and a beautifully updated kitchen with quartz countertops, new cabinetry, and appliances completed in 2021. Step directly from the kitchen onto the wonderful deck, where privacy fencing creates an intimate outdoor retreat perfect for morning coffee, entertaining, or unwinding at the end of the day.
Upstairs, a spacious third bedroom offers the flexibility to serve as a private retreat, home office, or bonus space. The finished lower level expands the possibilities with a comfortable family room, ¾ bath, and fourth bedroom currently enjoyed as a theater room—equally suited for guests, exercise, or additional flex space.
An oversized tuck-under one-car garage and desirable corner lot complete the property. Best of all, leave the car at home and enjoy the restaurants, shops, and small-town charm of downtown Excelsior, the shores of Lake Minnetonka, and the Lake Minnetonka Regional Trail—all just moments from your front door. Located within the Minnetonka School District, this is an exceptional opportunity to enjoy one of the Twin Cities’ most beloved lakeside communities.
Interior Information
BasementBlock, Egress Window(s), Finished, Full, Storage Space, Sump Pump, Walkout
AppliancesDishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
LaundryGas Dryer Hookup, Lower Level, Laundry Room, Washer Hookup
Dining RoomEat In Kitchen
Interior AmenitiesCable, Ceiling Fan(s), Deck, Hardwood Floors, Main Floor Primary Bedroom, Tile Floors, Washer/Dryer Hookup, Walk-In Closet
ElectricCircuit Breakers, 100 Amp Service
Size & Levels
LevelsOne and One Half
Total Finished Sq Ft2,264 sq ft
Above Grade Finished1,148 sq ft
Below Grade Finished725 sq ft
Main Level Finished1,202 sq ft
Foundation Size29x28
Bathrooms
Full Baths1
3/4 Baths1
Bathroom Details3/4 Basement, Main Floor Full Bath, Jetted Tub
Rooms
Other Rooms
Living Room14' x 11'
Family Room11' x 23'
Kitchen10' x 17'
Bedroom13' x 12'
Bedroom 29' x 11'
Bedroom 322' x 13'
Bedroom 415' x 11'
Deck9' x 18'
Exterior & Parking
ExteriorAluminum Siding
ConstructionFrame
RoofAsphalt
FoundationBlock
Patio / PorchDeck
Garage Stalls1
Garage Size17x23 (392 sq ft)
Garage Door10' wide x 7' tall
ParkingAttached Garage, Asphalt, Electric, Finished Garage, Tuckunder Garage
Lot & Utilities
Property SubtypeSingle Family
Lot Size0.16 acres
Lot Dimensions123x57
Lot DescriptionIrregular Lot, Tree Coverage - Medium
ZoningResidential-Single Family
SubdivisionWilcox Sub Of Lts Exc & Snells
TownshipExcelsior
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCurbs, Paved Streets, Sidewalks, Storm Sewer
Financial & Tax Information
Annual Taxes$6,473
Tax Year2026
Tax w/ Assessments$6,473
Assessment PendingNo
Parcel Number3411723130076
Assumable MortgageNot Assumable
List TypeExclusive Right To Sell
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 62% of occupied homes are owner-occupied, and the average commute is 27 minutes.
Cost of Ownership
Median home value
$955,700
Higher than the Twin Cities metro
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$10,001/yr
Higher than the Twin Cities metro
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$3,097/mo
Higher than the Twin Cities metro
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$1,501/mo
Higher than the Twin Cities metro
Median monthly housing costs for owners without a mortgage.
Median rent
$1,174/mo
Lower than the Twin Cities metro
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
62%
Lower than Twin Cities metro overall
The share of occupied homes lived in by their owners.
Median year built
1973
Similar to the Twin Cities metro
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2010-20198%
- 2000-200912%
- 1990-19995%
- 1980-198911%
- 1970-197915%
- 1960-196910%
- 1950-195912%
- 1940-19493%
- 1939 or earlier20%
Types of homes
The share of housing units in each building type.
- Single-family detached58%
- Townhome / attached6%
- 5+ units31%
Getting Around
Average commute
27 min
Higher than the Twin Cities metro
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone61%
- Work from home32%
Homes with broadband
98%
Similar than Twin Cities metro overall
The share of households with a broadband internet subscription.
Schools
Minnetonka Public School District
This home is in the Excelsior Elementary, Minnetonka West Middle and Minnetonka Senior High attendance areas of Minnetonka Public School District.
Elementary
Middle
Minnetonka West Middle
- Enrollment
- 1,297
- Students per teacher
- 16
6421 Hazeltine Blvd, Excelsior, MN 55331
(952) 401-5300High
Minnetonka Senior High
- Enrollment
- 3,514
- Students per teacher
- 19
18301 Hwy 7, Minnetonka, MN 55345
(952) 401-5700
