Lori Gustafson

8540 Farmstead Avenue Ne

Monticello, MN
$ 368,880 Beds 4 Baths 2 Sq 1,720
Monthly Estimate* How much can I afford?

This home is move-in ready! This thoughtfully designed split-level home offers an abundance of comfortable living space, highlighted by a finished basement and spacious 3-car garage. Step inside to an open concept layout that seamlessly connects the modern kitchen—complete with sleek stainless steel appliances—to the inviting dining area and expansive Great Room, ideal for gatherings or relaxing evenings at home. The primary floor features two well-appointed bedrooms, including a luxurious owner’s suite with a generous bedroom, full bath and a walk-in closet for added convenience. The finished lower level offers an additional two secondary bedrooms, full bath, and recreation room. With all the must-have features and a smart, efficient layout, this home is sure to attract attention—act quickly before it’s gone!

Single Family

  • Price
  • $ 368,880
  • City
  • Monticello
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • WRIGHT
  • Half Bathrooms
  • 0
  • Area
  • Haven Ridge
  • Lot Size
  • 0.2 Acres
  • Zip
  • 55362
  • Sqr Footage
  • 1,720
  • Year Built
  • 2026
  • Style
  • Single Family
  • MLS#
  • 7148421
Listed By: Lennar Sales Corp
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1720
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Air-To-Air Exchanger,Dishwasher,Disposal,Humidifier,Microwave,Range,Refrigerator,Stainless Steel Appliances,Tankless Water Heater
Garage Spaces 3
Pool Features None
Construction Materials Concrete,Frame
Year Built 2026
Electric 200+ Amp Service
Levels Split Entry (Bi-Level)
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Wright
New Construction Yes
Property Type Residential
HOA No
Contingency None
Subdivision Name Haven Ridge
Full Baths 2
Directions Take I-94 W to Fenning Ave in Monticello. Take exit 194 from I-94 W. Turn left onto Fenning Ave. Exit and stay on Fenning Ave. Exit onto School Blvd. Turn left onto Fallon Ave NE. Turn left onto Farm
City Monticello
High School District Monticello
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Additional Parcels Y/N No
Availability Date 2026-08-23
Builder Name LENNAR
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Paneled Doors,In-Ground Sprinkler,Washer/Dryer Hookup
Community Name Haven Ridge
PostalCity Monticello

Interior Features

Basement Daylight/Lookout Windows,Finished
Basement (Y/N) Yes
Above Grade Finished Area 986
Total Bedrooms 4
Below Grade Finished Area 734
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath
Dining Room Description Kitchen/Dining Room
Fuel Natural Gas
Garage Square Feet 654

Exterior Features

Fencing None
Parking Features Attached Garage,Asphalt,Garage Door Opener
Lot Features Sod Included in Price,Underground Utilities
Water Source City Water/Connected
Lot Size Area 0.2
Building Area Total 1944
Lot Dimensions TBD
Waterfront Y/N No
Foundation Area 986
Road Frontage Type Curbs,Paved Streets

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

9/22/2026 Listed $368,880

Property vs Zip Code Average in 55362

Price
AVG $490K
$370K
Year Built
AVG 1997
2026

In The Neighborhood

Areas That We Cover

8540 Farmstead Avenue Ne Monticello, MN is a Single Family Home for sale at $368880 with 1720 sqft and a lot size of 0.2 Acres Acre(s). 8540 Farmstead Avenue Ne Monticello has 4 bedrooms, 2 baths and was built in 2026. The property's zip code is 55362 which is in Monticello, 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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