1220 Ivy Way, Faribault, MN, 55021
About This Home
Welcome home to this beautifully maintained split-entry home that combines stylish updates with spacious living inside and out. From the moment you step inside, you'll appreciate the bright, inviting layout and thoughtful finishes throughout. The stunning kitchen serves as the heart of the home, featuring beautiful cabinetry, modern finishes, and plenty of space for cooking, gathering, and making memories. Just beyond, the home's comfortable living spaces offer the perfect balance of functionality and warmth. Downstairs, you'll find an expansive family room that provides endless possibilities—whether you're hosting game nights, creating the ultimate movie room, setting up a home office, or simply enjoying extra space to relax. Step outside and discover one of this home's standout features: an incredible deck overlooking a large backyard. With plenty of room for entertaining, grilling, gardening, or simply enjoying peaceful evenings outdoors, this property offers the space you've been looking for. Situated on a generous lot with room to play, entertain, and grow, this home delivers the perfect combination of indoor comfort and outdoor living. Don't miss your opportunity to make this beautiful home your own! Recent updates include: washer (2020), gas dryer (2023), water softener (2023), deck (2023), sump pump discharge line (2023), reverse osmosis water system (2024), gutters (2024), sink (2025), heated garage (2025), storage shed, and new roof and siding (2026).
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Roof: Age 8 Years or Less,Asphalt
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Daylight,Finished,Full
Bedroom
- Level: Main
- Area: 196
- Dimensions: 14x14
Bedroom2
- Level: Main
- Area: 150
- Dimensions: 12.5x12
Bedroom3
- Level: Lower
- Area: 174
- Dimensions: 14.5x12
Bedroom4
- Level: Lower
- Area: 144
- Dimensions: 12x12
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Level: Main
- Area: 144
- Dimensions: 12x12
Family Room
- Level: Lower
- Area: 420
- Dimensions: 24x17.5
Features
- Finished area below ground: 936
- Finished area above ground: 1,308
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,532
- Total interior livable area: 2,244 sqft
Kitchen
- Level: Main
- Area: 121.5
- Dimensions: 13.5x9
Laundry
- Level: Main
- Area: 56
- Dimensions: 8x7
Living Room
- Level: Main
- Area: 186
- Dimensions: 15.5x12
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1820452014
- Zoning description: Residential-Single Family
- Foundation area: 1224
Features
- Levels: Multi/Split
Lot
- Lot size: 0.35 Acres
- Lot size dimensions: 100 x 139
Parking
- Total spaces: 3
- Parking features: Attached,Asphalt
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- Cold Wave
- Hail
- Tornado
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Rice County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,149 | $25,788 |
| Home Insurance * | $296 | $3,552 |
| Property Taxes | $563 | $6,756 |
| Electricity | $189 | $2,271 |
| Total | $3,197 | $38,364 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Pending sale | $425,000 |
| 2026-07-24 | Listed for sale | $425,000 |
| 2023-04-27 | Sold | $430,000 |
| 2023-03-27 | Pending sale | $449,540 |
| 2022-09-29 | Price change | $449,540 |
| 2022-06-08 | Listed for sale | $468,540 |
| 2022-02-07 | Sold | $45,000 |
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