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Single Family ResidenceResidential
$281,296$135 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $348,000 on Dec 17, 2019

4948 RUSTIC WAY

EXCELSIOR, MN 55331
3
Beds
3.3
Baths
2,088 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.2 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$281K
$264K low$299K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$348,000 · Dec 17, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,601 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$471,900 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$143,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$328,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$460,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$471,900

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyHENNEPIN
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1995
Lot (acres)The size of the land the home sits on, from county records.0.20
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Floor/Wall Furnace
CoolingThe type of cooling or air conditioning in the home.Package
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Lake
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 240 ft²Patio · 240 ft²Porch · 528 ft²

Transaction History(8)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Deephaven ElementaryA
Elementary · Grades KG–5 · 1.2 mi
H
Minnetonka High SchoolA+
High · Grades 9–12 · 1.7 mi
M
Minnetonka Middle School EastA
Middle · Grades 6–8 · 2.6 mi

District: Minnetonka Public School District

Neighborhood · ZIP 55331These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.66
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.14

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.44%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.19,979
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.817 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$156,771
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$213,451
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.30 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4948 Rustic Way measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 97% of homes in Excelsior 55331
  • Among the lowest price per square foot in Excelsior 55331
  • Bigger than 79% of homes in Hennepin County
  • Has a smaller lot than 83% of homes in Excelsior 55331
  • Older than 77% of homes in Excelsior 55331

What homes are worth in Excelsior 55331

Each bar is how many homes fall in that price range. The marker is this home.

This home
$271K$3.1M

This home is worth more than 3% of homes in Excelsior 55331.

How it measures up in Excelsior 55331

The dot is this home. The mark in the middle is the typical home in Excelsior 55331.

Estimated value$281,296
CheaperTypical $636,378Pricier

Pricier than 3% of homes nearby

Price per ft²$135
CheaperTypical $304Pricier

Cheaper than almost all homes nearby

Living area2,088 ft²
SmallerTypical 2,118 ft²Bigger

Bigger than 49% of homes nearby

Lot size0.2 ac
SmallerTypical 0.46 acBigger

Bigger than 17% of homes nearby

Year built1960
OlderTypical 1988Newer

Newer than 23% of homes nearby

How 4948 Rustic Way ranks against every home in each area.
MeasureThis homeExcelsior 55331Hennepin County
Estimated valuepricier than$281,2963% of homes46% of homes
Price per ft²pricier than$135almost no homes8% of homes
Living areabigger than2,088 ft²49% of homes79% of homes
Lot sizebigger than0.2 ac17% of homes38% of homes
Year builtnewer than196023% of homes41% of homes

About 4948 Rustic Way

How much is 4948 Rustic Way, Excelsior, MN worth?

The TopHap Estimate for 4948 Rustic Way, Excelsior, MN is $281,296 as of Jul 14, 2026. The likely range is $264,012 to $298,580. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4948 Rustic Way, Excelsior, MN last sell?

4948 Rustic Way, Excelsior, MN last sold on Dec 17, 2019 for $348,000, according to the county's recorded deed. TopHap holds 7 recorded sales for this parcel.

How big is 4948 Rustic Way, Excelsior, MN?

4948 Rustic Way, Excelsior, MN has 3 bedrooms, 3.3 bathrooms, 2,088 square feet of living space and a 0.20-acre lot.

When was 4948 Rustic Way, Excelsior, MN built?

4948 Rustic Way, Excelsior, MN was built in 1960, making it 66 years old. The building has 2 stories.

What schools serve 4948 Rustic Way, Excelsior, MN?

4948 Rustic Way, Excelsior, MN is assigned to Deephaven Elementary (elementary), rated A; Minnetonka High School (high), rated A+; Minnetonka Middle School East (middle), rated A. All sit in Minnetonka Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4948 Rustic Way, Excelsior, MN compare to other homes in Excelsior 55331?

Among the 8,162 homes in Excelsior 55331, it is worth more than 3% of them ($281,296 against a typical $636,378), its price per square foot is higher than almost none of them ($135 against a typical $304), it is bigger than 49% of them (2,088 ft² against a typical 2,118 ft²), its lot is bigger than 17% of them (0.2 ac against a typical 0.46 ac) and it is newer than 23% of them (1960 against a typical 1988). Measured against all of Hennepin County, it is worth more than 46% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4948 Rustic Way, Excelsior, MN?

The 2025 property tax bill for 4948 Rustic Way, Excelsior, MN was $5,601. The county assessed it at $471,900.

More homes on Rustic Way

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Assigned schools

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