For Sale: Greenwood MLS# 7096247
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Property Description
TEAR ME DOWN...or Bring Me Back to Life!
Opportunity knocks in one of the Lake Minnetonka area's most desirable locations. Whether you're looking for a renovation project, investment opportunity, or future building site, this 3-bedroom home offers exceptional potential just a short walk from Historic Excelsior. Nestled among mature trees and next to the regional trail system, you'll enjoy easy access to Maynards, Excelsior Commons, Lake Minnetonka, shopping, dining, the library, and all the charm and activities that make Excelsior such a sought-after destination. The home features a private wooded setting, oversized 25x21 garage, expansive deck for entertaining, backyard firepit area, and a functional floor plan with plenty of space to reimagine. The main level includes a primary suite with a private ¾ bath and walk-in closet, while the walkout lower level offers two additional bedrooms, a full bath, and a large amusement room with bar area.
Recent improvements include fresh interior paint and new carpeting, but buyers should expect repairs, deferred maintenance, and the need for cosmetic updating throughout. This is not a turnkey property and is being offered as an opportunity for someone with vision to build equity in a neighborhood surrounded by significantly higher-priced homes. The true value lies in the location, privacy, walkability, and potential. Rarely does a property in this setting become available at such an attractive price point. Renovate, refresh, expand, or rebuild—the choice is yours.
Pre-listing inspection report available in MLS supplements. Buyers are encouraged to review the report prior to submitting an offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,000
Property Type:
Lot/Land
City:
Greenwood
County:
Hennepin
State:
MN
Property Style:
Lot/Land
Zip Code:
55331
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.34
Geolocation:
44.9127287488, -93.552127473
Inclusions:
For Sale Sign, Platted
Lot Dimensions:
132 x 104 x 151 x 108
Restrictions:
Open
Zoning:
Residential-Single Family
Farm
Topography:
Wooded
Schools
School District:
276
District Phone:
9524015000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,783
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$4,783
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
0.34
Miscellaneous
Development Status:
Other
Improvements:
Paved Streets, Public Road
Available Utilities:
- Cable Available
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Private Well Connected
- Sewer Available
- Sewer Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.