Hennepin County property record for 246 Morse Ave, Excelsior, MN 55331 · Last verified July 2026
| Property Type | Residential > Multi-Unit > Apartments (5+ Units) |
|---|---|
| Year Built | Built 2000 |
| Lot Size | 17,860 sqft (0.41 acres) |
| Last Sale | $795,000 (2009) |
| Tax Bill | $33,959.00 (2025) |
Source: Hennepin County records · APN 35-117-23-23-0038
Assessment roll updated June 23, 2026 · Last verified July 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | PO BOX 755, EXCELSIOR, MN 55331-0755 |
| Owner Type | Owner is a Company |
| Vesting | Company |
| Date | Document |
|---|---|
| Jul 15, 2021 | Deed of Trust, Mortgage · Line of Credit TRUSTONE FINANCIAL FCU |
| Oct 16, 2023 | Deed of Trust, Mortgage · Commercial Mortgage ALERUS FINANCIAL NA |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Aug 12, 2009 · Amount on Record |
| Deed Sale | Aug 12, 2009 · Amount on Record |
| Prior Sale | Oct 23, 2006 · Amount on Record |
| Deed Doc Number | 2009999156 |
| Prior Transfer Date | Apr 28, 2006 |
| Prior Transfer Doc | 0000939466 |
| Record Refreshed | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 246 MORSE AVE, EXCELSIOR, MN 55331-1962 |
| Transaction Type | Mortgage |
| Record Updated | Nov 29, 2023 |
| Name | Verified Name |
|---|---|
| Address | 2425 GRAYS LANDING RD, WAYZATA, MN 55391-2300 |
| Document Number | 0A10990308 |
|---|---|
| Date | Jul 15, 2021 |
| Instrument | A10990308 |
| Name | TRUSTONE FINANCIAL FCU |
|---|---|
| Type | Credit Union |
| Address | MINNEAPOLIS, MN 55447 |
| Type | Line of Credit |
|---|---|
| Amount | Amount Recorded |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 246 MORSE AVE, EXCELSIOR, MN 55331-1962 |
| Transaction Type | Mortgage |
| Record Updated | Nov 29, 2023 |
| Name | Verified Name |
|---|---|
| Address | 2425 GRAYS LANDING RD, WAYZATA, MN 55391-2300 |
| Document Number | 0A11238320 |
|---|---|
| Date | Oct 16, 2023 |
| Instrument | A11238320 |
| Name | ALERUS FINANCIAL NA |
|---|---|
| Type | Bank |
| Address | GRAND FORKS, ND 58201 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 60 Months |
| Due | Oct 20, 2028 |
Source: Hennepin County records · Assessment roll updated June 23, 2026 · Last verified July 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | Hennepin County |
| Municipality | Excelsior City |
| Unified School District | Minnetonka Public School District (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $33,959.00 (+13.64%) | $2,296,000 (+9.91%) Land $510,000 Building $1,786,000 | $2,296,000 (+9.91%) Land $510,000 Building $1,786,000 |
| 2023 | $29,882.00 | ||
| 2022 | $2,089,000 Land $321,000 Building $1,768,000 | $2,089,000 Land $321,000 Building $1,768,000 |
Source: FEMA National Flood Hazard Layer, Hennepin County (27053C), updated December 25, 2025 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026
| FEMA Flood Zone | Zone X |
|---|---|
| Flood Hazard | Moderate |
| 500-Year Floodplain | Yes |
| Special Flood Hazard Area | No |
| Wildfire Risk | Not rated no burnable land in reach |
|---|---|
| Wildfire Likelihood | Negligible |
| Exposure | None beyond ember reach |
Values are read at the parcel center point; lenders make the official flood determination.
| Primary APN | 35-117-23-23-0038 |
|---|
| Units | 35 Units |
|---|---|
| Primary Flooring | Carpet Flooring |
| Year Built | Built 1969 |
|---|---|
| Effective Year Built | Effective 2000 |
| Construction Type | Wood Construction |
| Lot Area | 17,860 sqft (0.41 acres) |
| Depth X Width | 170 ft x 85 ft Depth x Width |
| Street Address | 246 MORSE AVE |
|---|---|
| City | EXCELSIOR |
| State | MN |
| Zip | 55331-1962 |
| Property Usage | Residential Property Usage |
| Type | Residential > Multi-Unit > Apartments (5+ Units) |
| Legal Description | LOT 002 A GALPINS ADDN THAT PART LYING SWLY OF NELY 147 28/100 FT THEREOF E 85X170X95X170 |
| Legal Range | 23 |
| Legal Township | 117 |
| Legal Section | 35 |
| Legal Quarter | 23 |
| Legal Subdivision | GALPINS ADDN |
| Legal Block | 2 |
| Legal Lot Number | 2 |
| Jurisdiction | HENNEPIN MN |
| Minor Civil Division | EXCELSIOR |
| Census Blockgroup | 2 |
| Census Block | 2015 |
| Census Tract | 27501 |
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