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401 James Pkwy, Elko New Market, MN, 55054

2beds
3baths
2,351sqft
$538,000
$229price/sqft
$3,720/moest. monthly cost
$148,800/yrincome needed

About This Home

This stunning Aspen model is now AVAILABLE, offering a beautifully designed open-concept layout where spacious living areas flow effortlessly together. Enjoy the ease of one-level living with plenty of room to expand, all within 2,351 finished square feet of thoughtfully designed space that blends style and functionality. At the heart of the home, the kitchen, dining area, and family room connect seamlessly to create a warm, inviting environment, perfect for entertaining or relaxing. The kitchen features GE stainless steel appliances, a walk-in pantry, and a large center island, all complemented by modern finishes throughout. The owner’s suite is ideally located near the main living area and includes a private en-suite bath and direct access to a walk-in closet, offering both comfort and convenience. Upper level is a versatile loft providing endless possibilities, whether you are envisioning a home theater, cozy reading nook, or private retreat. From its smart layout to its refined finishes, every detail of the Aspen is designed to impress. Situated in Parkway Meadows on a stunning corner homesite. This exceptional residence is part of the highly sought-after patio villa collection presenting a rare opportunity to own this popular floor plan.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
Eagle ViewGrades K-51.1 mi
8/10
New Prague Middle SchoolGrades 6-811.4 mi
9/10

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Other

  • Builder name: HANS HAGEN HOMES AND M/I HOMES

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: Laundry Room,Main Level,Sink

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 210
  • Dimensions: 14 x 15

Bedroom2

  • Level: Main
  • Area: 143
  • Dimensions: 13 x 11

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 168
  • Dimensions: 12 x 14

Family Room

  • Level: Main
  • Area: 243
  • Dimensions: 13.5 x 18

Features

  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,351

Flex Room

  • Level: Main
  • Area: 156
  • Dimensions: 12 x 13

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,351
  • Total interior livable area: 2,351 sqft

Loft

  • Level: Upper
  • Area: 360
  • Dimensions: 20 x 18

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 230760150
  • Zoning description: Residential-Single Family
  • Foundation area: 1775

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 0.23 sqft
  • Lot size dimensions: 63 x 130 x 77 x 130

Parking

  • Total spaces: 3
  • Parking features: Attached
  • 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
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Tornado
Hail
Heat Wave
Winter Weather

FEMA Declared Disasters in Scott County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $2,720$32,640
Home Insurance *$377$4,524
Property Taxes $425$5,100
Electricity $198$2,379
Total$3,720$44,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$127,542/yr
40% on housing$111,600/yr
45% on housing$99,200/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$229This listing

vs Other Active Listings

Avg $/sqft

ZIP 55054$206
Scott County$207

vs Homes Sold Last Month

Median $/sqft

ZIP 55054$179
Scott County$204

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)

Price History

DateEventPrice
2026-05-12Price change$575,000
2026-05-12Listed for sale$580,505
2026-05-12Listing removed$580,505
2026-04-30Listed for sale$580,505
2026-04-30Listing removed$580,505
2026-01-06Listed for sale$580,505
2026-01-05Listing removed$580,505
2025-11-23Listed for sale$580,505
2025-11-23Listing removed$580,505
2025-09-29Listed for sale$580,505

New Construction Spec

AgentLynn Lake
BrokerageM/I Homes

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