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540 Tulare Ter, Newport, MN, 55055

2beds
2baths
1,899sqft
$547,990
$289price/sqft
$3,749/moest. monthly cost
$149,960/yrincome needed

About This Home

Welcome to the Cedarwood II located in the new Cherrywood neighborhood, just steps from neighborhing Woodbury and perched high above the valley on a spectacular bluff. You will be thrilled with this association maintained villa. This home features everything on one level and the much sought after main floor owner's suite at the back of the home- the walk in closet is the star here along with the ensuite bathroom featuring dual sink vanity, a window and a large tile shower! WOW.. Enjoy the much desired sunroom. The kitchen features a slide in gas range, a huge center island, and corner pantry. Need storage? Say wow to a 13x 14 attic storage attic above the main floor garage, accessed by a staircase ( NOT a pull down ladder). Nice upgrades here included LVP main rooms, a cozy electric fireplace, and a patio with a dedicated grill pad. This home has it all for lock and go lifestyle. Architecturally designed with beautiful cabinetry too. Curated Finishes are chosed by our design professionals to look timeless. Come relax, enjoy being nestled in natute in a setting close to freeways and the desireable amenities of nearby Woodbury. This home is under construction with a an August move in date.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
31
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

Other

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Sink,Washer Hookup

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 196.08
  • Dimensions: 12.9 x 15.2

Bedroom2

  • Level: Main
  • Area: 150
  • Dimensions: 12.5 x12

Bedrooms & Bathrooms

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

Den

  • Level: Main
  • Area: 143
  • Dimensions: 11 x13

Dining Room

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

Family Room

  • Level: Main
  • Area: 272.32
  • Dimensions: 14.8 x 18.4

Features

  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,899

Foyer

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

Heating & Cooling

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

Interior Area

  • Total structure area: 1,899
  • Total interior livable area: 1,899 sqft

Kitchen

  • Level: Main
  • Area: 156
  • Dimensions: 12 x 13

Laundry

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

Storage

  • Level: Upper
  • Area: 156
  • Dimensions: 12 x 13

Sun Room

  • Level: Main
  • Area: 144
  • Dimensions: 12 x 12

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: TBD
  • Zoning description: Residential-Single Family
  • Foundation area: 1099

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Privacy

Lot

  • Lot size: 7,454 sqft
  • Lot size dimensions: 40 x 165 x 50 x 135

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 $2,770$33,240
Home Insurance *$380$4,560
Property Taxes $429$5,148
Electricity $170$2,050
Total$3,749$44,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$128,537/yr
40% on housing$112,470/yr
45% on housing$99,973/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

$289This listing

vs Other Active Listings

Avg $/sqft

ZIP 55055$236
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
2026-05-05Price change$564,990
2026-05-03Price change$580,250
2026-05-01Listed for sale$564,990

New Construction Spec

AgentElizabeth Clapp
BrokerageM/I Homes

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