371 Water St, Excelsior, MN 55331 Property Records

Hennepin County property record for 371 Water St, Excelsior, MN 55331

Property Summary

Property Type	Boarding House, Apartment Hotel
Details	4 bd · 7 ba · 3,418 sqft · built 1900
Lot Size	0.44 acres (19,166 sqft)
Owner	Company Name on Record
Last Sale	$1,530,000 (Aug 2021)
Tax Bill	$24,075 (2025)
Deeds & Mortgages	Nov 2022 Mortgage Aug 2021 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`34-117-23-14-0071`

Property Details

APN / Parcel Number

Primary APN	`34-117-23-14-0071`

Interior

Bedrooms	4 Beds
Full Baths	7 Baths
Total Rooms	5 Rooms
Units	2 Units
Stories	2 Stories
Building Area	3,418 sqft Gross Area
1st Floor Area	1,906 sqft
2nd Floor Area	1,512 sqft
Basement Area	1,378 sqft
Flooring	Wood
Interior Walls	Plaster
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1900
Effective Year Built	Effective 2000
Exterior Material	Wood
Construction Type	Frame
Foundation Type	Block
Roof Type	Gable
Roof Material	Asphalt
Lot Area	19,166 sqft (0.44 acres)
Lot Dimensions	184 ft deep x 100 ft wide
Terrain	Wooded
View / Lot	Lake
Garage Type	Attached
Garage Area	693 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Open Porch
Porch Area	448 sqft
Deck Area	168 sqft
Patio Area	884 sqft

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating Fuel	Electric

Location & Zoning

Street Address	371 WATER ST
City	EXCELSIOR
State	MN
Zip	55331-3039
Property Category	Commercial
Property Type	Commercial > Retail > Boarding House, Apartment Hotel
Legal Description	LOT 190 B AUDITORS SUBD. NO. 135 THE NORTHWESTERLY 184 FEET OF LOT 190 100 X 184
Legal Range	23
Legal Township	117
Legal Section	34
Legal Quarter	14
Legal Subdivision	AUDITORS SUBD. NO. 135
Legal Block	2
Legal Lot Number	190
Jurisdiction	HENNEPIN MN
Township / Civil Division	EXCELSIOR
Census Block Group	2
Census Block	2032
Census Tract	27501

Owner

Source: Hennepin County records, as of June 23, 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 Record
Mailing Address	11932 JAMESTOWN ST NE, MINNEAPOLIS, MN 55449-7523
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 23, 2022	Deed of Trust, Mortgage · Commercial Mortgage VILLAGE BANK
Aug 12, 2021	Warranty Deed, Transfer · Line of Credit BRIDGEWATER BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 12, 2021 · Amount on Record
Deed Sale	Aug 12, 2021 · Amount on Record
Prior Sale	Apr 1, 2002 · Amount on Record
Deed Document Number	202111002452
Record Updated	Oct 29, 2026

November 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	371 WATER ST, EXCELSIOR, MN 55331-3039
Transaction Type	Mortgage
Record Updated	May 15, 2023
Title Company	ALL AMERICAN COMMERCIAL TITLE, ALL AMERICAN COMMERCIAL TTL

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0A11165118
Date	Nov 23, 2022
Instrument	A11165118

Lender

Name	VILLAGE BANK
Type	Bank
Address	MINNEAPOLIS, MN 55434

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Aug 12, 2021
Property Address	371 WATER ST, EXCELSIOR, MN 55331-3039
Document Number	0A11002452
Instrument Date	Jul 23, 2021
Instrument	A11002452
Transaction Type	Transfer
Record Updated	May 15, 2023
Title Company	BURNETT TITLE, BURNET TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$5,049.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3066 ISLAND VIEW DR, MOUND, MN 55364-9131

Mortgage

Document Number	0A11002453
Date	Aug 12, 2021
Instrument	A11002453

Lender

Name	BRIDGEWATER BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	36 Months
Due	Aug 11, 2024

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Excelsior City
Unified School District	Minnetonka Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$24,075.00 (+25.21%)	$1,647,900 (+20.73%) Land $850,000 Building $797,900	$1,647,900 (+20.73%) Land $850,000 Building $797,900
2023	$19,227.00
2022		$1,365,000 Land $800,000 Building $565,000	$1,365,000 Land $800,000 Building $565,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	4 in force
Nearby Flood Claims	2 (1987–2014)
Claims Outside the SFHA	1 of 2
Most Recent Claim	May 2014 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Excelsior serves 2,483 people · EPA ID MN1270012
Water Source	Groundwater
Last State Inspection	Dec 2024
Lead	3 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 271 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable · Fiber in parts of the area	1,000 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: CenturyLink, Metronet.

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