Tessa Terrace Moorhead: 2026 Asset Resilience Audit
By Christopher Leigh, Broker/Owner
Tessa Terrace represents the geographic pinnacle of Moorhead’s custom-estate inventory. Delivering a high-scarcity residential profile that serves as a high-certainty “Legacy Capital Anchor,” this enclave is defined by riparian positioning along the Red River and expansive custom architecture. Our 2025 FlexMLS audit identifies Tessa Terrace as a premiere executive sector with a $1,315,000 median sold price and immediate zoning for the flagship Reinertsen academic track.
2025-2026 Neighborhood Performance
| Metric | Value |
|---|---|
| Median Sold Price | $1,315,000 |
| Avg. Time to Sell | 82 Days |
| Feeder Track | Spuds |
| MN Tax Logic | Homestead |
Home Wealth: Taxes & Utility Audit
| Metric | Tessa Terrace Stats | What it means for you |
|---|---|---|
| Special Assessments | $942 (Median) | Mature infrastructure phase; municipal debt is largely retired. |
| Asset Type | Riparian Estate | Protection against market drift through geographic inventory scarcity. |
| Education Feeder | Spud Track | Direct placement in the Reinertsen / Horizon Middle corridor. |
| Lot Format | 0.5+ Acre Custom | Wooded backlots preserve natural privacy screening and asset value. |
Location Check: Drive Times
| Destination | Drive Time |
|---|---|
| Sanford Medical | 12 Min |
| Microsoft Campus | 14 Min |
| Concordia/MSUM | 10 Min |
| NDSU Campus | 18 Min |
Setup: Local Utilities & Links
| Service | Provider | Contact |
|---|---|---|
| Electric & Water | Moorhead Public Service | 218-477-8000 |
| Natural Gas | CenterPoint Energy | 800-245-2377 |
| City Hall | Moorhead Services | 218-299-5100 |
School District Info
Students in Tessa Terrace attend S.G. Reinertsen Elementary, Horizon Middle, and Moorhead High School.
Verified Fiduciary Data: 2025 Market stats based on closed transactions in Moorhead FlexMLS. District data verified via Moorhead Public Schools (ISD 152). Homestead details via MN Dept of Revenue.