Prime Opportunity in Monticello: 7+ Acres of Untapped Potential. Seize the chance to own the largest undeveloped parcel in the historic heart of Monticello! This remarkable 7+ acre property, rich in history and nestled among towering trees, offers endless possibilities. Whether you envision a sprawling estate or are looking for the ideal location for higher-density housing, this land provides a canvas for your vision. The existing single-family home on the property is not accessible and is likely a teardown, but the true value lies in the expansive, untouched landscape that awaits development. This is a rare, once-in-a-lifetime opportunity—don’t miss your chance to explore the possibilities. Please Note: Property is sold "as is." Showings are by appointment only, and walking the land requires scheduling in advance.
Property Details
Property Features
Listing Office:
Office Name: eXp Realty
Lot Features
Lot Information:
Lot: Some Trees
Other
Directions Information:
Directions: I-94 to Fenning Ave, E on 7th Street, Continue straight at the roundabout, R on Fallon Ave, R on Territorial Road
Price Information
Listing Price Info
Price Summary:
List Price: $395,000
Tax Information:
Annual Amount: $2,028
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Monticello, MN.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 04, 2020
Sep 04, 2020Home Sold
$159,530
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,028
$175,800
2019
$2,040
$175,800
2018
$2,446
$203,000
2017
$2,094
$187,600
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Little Mountain Elementary School
9350 Fallon Ave NE
Distance between this listing and this school0.78 miles
Public District Grades 1-5
4
/10
Swan River Montessori Charter School
500 Maple St
Distance between this listing and this school0.99 miles
Public Charter Grades KG-6
7
/10
Pinewood Elementary School
1010 W Broadway St
Distance between this listing and this school1.48 miles
Public District Grades 1-5
Nearby Schools
6
/10
Monticello Middle School
800 E Broadway St
Distance between this listing and this school0.20 miles
Public District Grades 6-8
4
/10
Big Lake Middle School
601 Minnesota Ave
Distance between this listing and this school3.55 miles
Public District Grades 6-8
6
/10
Kaleidoscope Middle School
7525 Kalland Ave NE
Distance between this listing and this school6.08 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Monticello Alternative Program
406 E 7th St
Distance between this listing and this school0.41 miles
Public District Grades 9-12
7
/10
Monticello High School
5225 School Blvd
Distance between this listing and this school0.81 miles
Public District Grades 9-12
8
/10
Big Lake High School
501 Minnesota Ave
Distance between this listing and this school3.67 miles
The neighbors living near this home have an average income of $73,293. The most common annual income of people living in Monticello, MN is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 511 Territorial Rd
What is the listing price of this property?
The listing price of 511 Territorial Rd property is $395,000.
What type of property is this?
The property 511 Territorial Rd is land located in Monticello, Minnesota, 55362.
Is this property for sale now?
Active Listing: 511 Territorial Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,028 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 4, 2020 for $159,530. (source: MLS/tax record).
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This home is located at 511 Territorial Rd in Monticello, MN and zip code 55362. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $395,000.
In October 2024 more than 5 listings in Monticello, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below. The inventory of homes for sale in Monticello, MN between September 2024 and October 2024 decreased by 4.7%. While the average time on the market in October 2024 was 27 days, the median list price was $350,000.
From Rocket Homes Real Estate and based on county public records data.
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