311 3rd St in Excelsior sells for $1.15 million

The home sold for $1,150,000 on October 2, 2026, according to a Certificate of Real Estate Value filed with the Minnesota Department of Revenue. That is 3.4 times its last recorded sale price of $340,000 in 2014.

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

The record lists Meghan Wallace and Daniel Wallace as the sellers. Miles Strommen and Jane Strommen are listed as the buyers.

Assessor's records show a 2002 build year, a 6,970-square-foot lot and a market value of $1,260,000. 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 $3,910 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $2,987.50 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 $1,081,900. 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 $254,646 at closing. That covers the down payment and closing costs.

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