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538 Tulare Ter, Newport, MN, 55055

2beds
2baths
2,494sqft
$582,990
$234price/sqft
$4,017/moest. monthly cost
$160,680/yrincome needed

About This Home

Welcome to the Aspen- at Cherrywood located just steps from neighboring Woodbury and perched high above the valley on a spectacular bluff. Conventional 4.875%/4.9249% APR if closing by July 31st with seller preferred lender. FHA and VA options also available. Call for further details. This beautiful villa is association maintained and features a main floor owner's suite, a flex office room, a secondary bedroom, with an open concept plan and the much-desired sunroom all on the main floor! UPstairs there is a huge loft and storage space! Let’s talk about the kitchen! With a beautiful suite of stainless-steel energy star appliances including a gas slide in range and French door refrigerator you will appreciate the east and open ness of the space. Check out the big, beautiful island with quarts countertops and corner pantry- plenty of storage here! Upstairs you will find even more: a light and bright get away LOFT. The second-floor loft is a great secondary area for entertaining, extra guest space, work out room, crafts, movie room plus a huge storage space. This bonus floor is the extra storage and creative space that the usual patio homes are just missing! You will say "ahh". This home has it all- timeless finishes chosen by our decorators, and a unique setting where you can see sunsets for days and watch the eagles soar. Come relax, and enjoy being nestled in nature, yet close to freeway access and local amenities. This home is under construction with end of July completion.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

6/10
Newport Elementary SchoolGrades PK-50.8 mi
5/10
Oltman Middle SchoolGrades 6-80.8 mi
10/10
East Ridge High SchoolGrades 9-123.0 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Architectural Shingle
  • Construction materials: Frame

Other

  • Builder name: HANS HAGEN HOMES AND M/I HOMES

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Disposal,Dryer,Electric Water Heater,ENERGY STAR Qualified Appliances,Exhaust Fan,Humidifier,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer
  • Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Sink,Washer Hookup

Basement

  • Basement: Other

Bedroom

  • Level: Main
  • Area: 210
  • Dimensions: 15 x 14

Bedroom2

  • Level: Main
  • Area: 133.9
  • Dimensions: 10.3 x 13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Den

  • Level: Main
  • Area: 165.1
  • Dimensions: 12.7 x 13

Dining Room

  • Level: Main
  • Area: 168
  • Dimensions: 12 x 14

Family Room

  • Level: Main
  • Area: 243
  • Dimensions: 13.5 x 18

Features

  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,494

Foyer

  • Level: Main
  • Area: 81
  • Dimensions: 9 x 9

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,494
  • Total interior livable area: 2,494 sqft

Kitchen

  • Level: Main
  • Area: 169
  • Dimensions: 13 x 13

Laundry

  • Level: Main
  • Area: 81
  • Dimensions: 9 x 9

Loft

  • Level: Upper
  • Area: 360
  • Dimensions: 20 x 18

Storage

  • Level: Upper
  • Area: 126
  • Dimensions: 18 x 7

Sun Room

  • Level: Main
  • Area: 138
  • Dimensions: 12 x 11.5

Walk In Closet

  • Level: Main
  • Area: 63
  • Dimensions: 9 x 7

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3602822440045
  • Zoning description: Residential-Single Family
  • Foundation area: 1918

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Partial,Privacy,Wood

Lot

  • Lot size: 1,099 sqft
  • Features: Sod Included in Price
  • Lot size dimensions: 40 x 70

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Lightning
Tornado
Winter Weather

FEMA Declared Disasters in Washington County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,947$35,364
Home Insurance *$404$4,848
Property Taxes $456$5,472
Electricity $210$2,524
Total$4,017$48,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,725/yr
40% on housing$120,510/yr
45% on housing$107,120/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 55055$242
Washington County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 55055$215
Washington County$201

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Price change$599,990
2026-04-30Listed for sale$615,420

New Construction Spec

AgentElizabeth Clapp
BrokerageM/I Homes

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