2 months on rocket

511 Territorial Rd, Monticello, MN, 55362

$395,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #6590785
StatusActive

About 511 Territorial Rd

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

School Info

Assigned Schools Information:

  • Monticello High School, Public District Grades 9-12
  • Monticello Middle School, Public District Grades 6-8
  • Pinewood Elementary, Public District Grades KG-5

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.

Med. Sold Price

$350K

Med. Price/SqFt

$182

Avg. Days On Market

27

# of Sold Homes

16

511 Territorial Rd vs Monticello

70 DAYS ON ROCKET

+43 Days

$395,000

+$45K More

KEY TAKEAWAY

This property is $45K more than the Median Sold Price in Monticello, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6590785

Listing Office:

  • Office Name: eXp Realty

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Property Sales & Tax

Listing History

Sep 04, 2020Home Sold
$159,530

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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NMLS#3030

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.

Elementary School

school-card-donut-1836496
7
/10
  • Pinewood Elementary

  • 1010 W Broadway St

  • 1.44 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1836497
6
/10
  • Monticello Middle School

  • 800 E Broadway St

  • 0.20 miles

  • Public District Grades 6-8

High School

school-card-donut-1836498
7
/10
  • Monticello High School

  • 5225 School Blvd

  • 0.79 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,293. Typical income of Monticello, MN residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically 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 are the assigned schools for this property?

The assigned schools for 511 Territorial Rd are:
Pinewood Elementary: GreatSchools Rating 7/10
Monticello Middle School: GreatSchools Rating 6/10
Monticello High School: GreatSchools Rating 7/10

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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Rocket HomesMinnesotaWright CountyMonticello55362511 Territorial Rd

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.

While more than 5 listings in Monticello, MN in October 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Monticello, MN decreased by 4.7% between September 2024 and October 2024. Listings spent 27 days on the market in October 2024, and had a median list price of $350,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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