VALUATION · MONTICELLO

Home Valuation in Monticello, MN

Home Valuation work in Monticello, Minnesota, on I-94 west of the metro, in Monticello (ISD 882).

Home Valuation in Monticello, Minnesota
45.3055° N 93.7941° WWRIGHT COUNTY
Monticello · the far end of the commute, and the lakes

Home Valuation in Monticello, and what makes it particular.

The spread between in-town, rural acreage and lake property in Monticello is wide, and lake value is driven by which lake and how much frontage, not by the house. Comps have to be pulled from the same category or the number is meaningless.

A broad mix from an older river-town core through eighties and nineties subdivision to recent construction, plus rural acreage and lake property.

Comparable sales laid out for a home valuation
Comparative Market Analysis in Monticello, Wright County.
Monticello facts
County
Wright County
Schools
Monticello (ISD 882)
Commute
I-94 west of the metro
To downtown
about 50 to 70 minutes to downtown Minneapolis
Water/sewer
city services in town, wells and septic outside it
Service
Comparative Market Analysis

A comparative market analysis is an opinion of value based on comparable sales, not a licensed appraisal.

How it runs

The process, Monticello or anywhere else.

  1. You send the address

    Plus anything a computer cannot see. The finished basement, the new roof, the addition, the well that was just replaced.

  2. We walk it if you want

    Not required, and it makes the number better. Twenty minutes.

  3. Comparable sales pulled

    Recent closed sales that truly compare, then adjusted for what is different between them and your house.

  4. Your competition

    What is active and pending nearby, because that is what a buyer will be comparing you against.

  5. The range, with reasoning

    A defensible range, the comps behind it, and a straight answer about timing.

Worth driving the I-94 commute yourself before deciding on this distance.

The wider picture

More about Monticello.

Monticello is where the I-94 commute starts to be a real decision instead of a detail. Two things shape this market. Its own school district, which means buyers are not comparing Monticello to STMA or Elk River on schools, they are choosing a different system. And the Xcel plant, which is part of the local tax base and is a normal, longstanding part of the landscape here. Buyers moving out from the metro sometimes ask about it, and the straight answer is that it has been operating here for decades and the community around it is well established.

Next step

Home Value in Monticello?

Call 763-786-3700 and talk to Cliff or Jeremy about this town specifically.

Questions

Monticello and home value, answered.

How long is the commute from Monticello to Minneapolis?

You are on I-94 west of the metro, and it is about 50 to 70 minutes to downtown Minneapolis. Those are approximate and the only number that matters is the one you get driving it yourself at the hour you would really be leaving, in both directions.

Which county is Monticello in?

Wright County. That determines your property taxes, your recording and where a septic compliance inspection gets filed, so on the county borders we get the actual tax statement, not an estimate.

Does it cost anything?

No, and there is no obligation attached to it.

Why is your number different from the estimate on the big real estate sites?

Those are computed from public records and past sales without anyone seeing the house. They cannot value a finished basement, a new septic system or a lot that backs onto water. In this area, where lot size and acreage swing so much house to house, the automated numbers are often well off.

Equal Housing Opportunity. MTS Real Estate Group supports the Fair Housing Act and the Equal Opportunity Act. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status or national origin.

Edina Realty, a Berkshire Hathaway affiliate. Licensed in the State of Minnesota. MTS Real Estate Group is a team of licensed real estate professionals with Edina Realty.