Lori Gustafson

540 Tulare Terrace

Newport, MN
$ 499,990 Beds 2 Baths 2 Sq 1,899
Monthly Estimate* How much can I afford?

FHA 5.25/5.891% APR if closing by October 29th with sellers preferred lender. Call for further details. Welcome to the Cedarwood II located in the brand-new Cherrywood neighborhood perched high above the valley on a spectacular bluff yet with east access to the freeway and shopping. This villa style home features everything on one level and a much sought after main floor owner's suite. 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 nature year-round in the beautiful 4 season sunroom. The kitchen features a slide in gas range, a huge center island with quartz countertops, and a convenient corner pantry. Need storage? Say wow to a 13x 14 attic storage attic above the main floor garage!! This is accessed by a real staircase (NOT a pull-down ladder). Beautiful upgrades here include low maintenance luxury plank flooring, fireplace, the “morning room” sunroom which leads to the patio with a dedicated grill pad. This home has it all for lock-and-go lifestyle. Architecturally designed with beautiful cabinetry too and unique -to -each- home finishes selected by our design professionals to look timeless. No cookie cutter selections here! Come relax, enjoy being nestled in nature in a setting close to freeways and the desirable amenities of nearby Woodbury. East Ridge High School.

Single Family

  • Price
  • $ 499,990
  • City
  • Newport
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • WASHINGTON
  • Half Bathrooms
  • 0
  • Area
  • Cherrywood
  • Lot Size
  • 0.17112 Acres
  • Zip
  • 55055
  • Sqr Footage
  • 1,899
  • Year Built
  • 2026
  • Style
  • Single Family
  • MLS#
  • 7066875
Listed By: M/I Homes
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1899
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
HOA Fee 175
Garage Spaces 2
Association Fee Includes Lawn Care,Other,Professional Mgmt,Sanitation,Snow Removal
Year Built 2026
Electric 200+ Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
Assoc Fee Paid Per Monthly
County Washington
New Construction Yes
Property Type Residential
HOA Yes
Contingency None
Subdivision Name Cherrywood
Full Baths 1
Directions From I-94 East,take Exit 244 for US-10 E / US-61S. Take first exit to Glen Road,travel east to Century Avenue. turn Right. (south) Proceed appros 1 mile to Tulare Terrace. Turn West,south to home.
City Newport
Association Name First Service
High School District South Washington County
Zoning Description Residential-Single Family
Lot Size Units Square Feet
Property Attached Y/N No
Land Lease Y/N No
Additional Parcels Y/N No
Availability Date 2026-08-01
Builder Name HANS HAGEN HOMES AND M/I HOMES
Standard Status Active
Lender Owned No
Community Name Cherrywood
PostalCity Newport

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Electric
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 1899
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Laundry Room,Main Level,Sink,Washer Hookup
Total Bedrooms 2
Total Baths 2
Bath Desc Double Sink,Bathroom Ensuite,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Living/Dining Room
Fuel Natural Gas
Garage Dimensions 21 x 25
Garage Square Feet 472

Exterior Features

Fencing Privacy
Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 7454
Building Area Total 1899
Lot Dimensions 40x165 x50x135
Waterfront Y/N No
Foundation Area 1099
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/3/2026 Listed $580,250
5/5/2026 3% - $564,990
6/13/2026 1% - $559,990
8/1/2026 3% - $547,990
8/12/2026 5% - $524,500
9/8/2026 3% - $513,990
9/24/2026 3% - $499,990

Property vs Zip Code Average in 55055

Price
AVG $340K
$500K
Year Built
AVG 1981
2026
Visits
AVG 153
380
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

540 Tulare Terrace Newport, MN is a Single Family Home for sale at $499990 with 1899 sqft and a lot size of 0.17112 Acres Acre(s). 540 Tulare Terrace Newport has 2 bedrooms, 2 baths and was built in 2026. The property's zip code is 55055 which is in Newport, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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