254 Lake St in Excelsior sells for $4 million

The $4,000,000 sale price was 5.2 times the home’s last recorded sale price of $762,500 in 2023. The home at 254 Lake St in Excelsior sold on October 16, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.

The record lists Troy Mathwig and Melissa Mathwig as the sellers and Julie Rosen as the buyer.

An aerial photo shows trees covering much of the lot, with other houses around it.

Assessor's records show a 2024 build year, a 6,970-square-foot lot and a market value of $1,046,900. The sale price was 3.8 times that value. Listing data shows 4 bedrooms and 4 bathrooms.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $13,600 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $7,975 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $3,787,142. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $890,678 at closing. That covers the down payment and closing costs.

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