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243 Meadow Ln, Elko New Market, MN, 55020

2beds
2baths
1,451sqft
$424,990
$293price/sqft
$2,907/moest. monthly cost
$116,280/yrincome needed

About This Home

Parkway Meadows is a welcoming community characterized by gentle rolling hills, abundant green space, and picturesque holding ponds woven throughout the neighborhood. Discover the Birch plan, just one of many thoughtfully designed options available as you personalize your ideal patio villa home. This low-maintenance villa offers two bedrooms, two bathrooms, and a versatile den that is perfect for a home office or additional living space. The open kitchen features a center island, walk-in pantry, stainless steel appliances, and elegant quartz countertops which are ideal for both everyday living and entertaining. The private owner’s suite includes a spacious walk-in closet and an en suite bath with a double-sink vanity and convenient linen storage. A three-car garage provides ample room for vehicles and extra storage. This is just one of several patio villa plans available to build, offering flexibility to suit a variety of lifestyles. With so many options to choose from, Parkway Meadows truly has something for everyone.

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

6/10
Eagle ViewGrades K-51.3 mi
8/10
New Prague Middle SchoolGrades 6-811.5 mi
9/10

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Age 8 Years or Less,Asphalt

Other

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Humidifier,Microwave,Range,Refrigerator
  • Laundry features: Main Level

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Bedroom2

  • Level: Main
  • Area: 180
  • Dimensions: 12x15

Bedrooms & Bathrooms

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

Den

  • Level: Main
  • Area: 108
  • Dimensions: 12x9

Dining Room

  • Level: Main
  • Area: 108
  • Dimensions: 12x9

Family Room

  • Level: Main
  • Area: 154
  • Dimensions: 11x14

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,451

Heating & Cooling

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

Interior Area

  • Total structure area: 1,451
  • Total interior livable area: 1,451 sqft

Kitchen

  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 230760280
  • Zoning description: Residential-Single Family
  • Foundation area: 1451

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 65 x 142 x 65 x 137

Parking

  • Total spaces: 3
  • Parking features: Attached,Asphalt,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

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 $2,148$25,776
Home Insurance *$253$3,036
Property Taxes $336$4,032
Electricity $170$2,050
Total$2,907$34,884
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$99,668/yr
40% on housing$87,210/yr
45% on housing$77,520/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

$293This listing

vs Other Active Listings

Avg $/sqft

ZIP 55020$245
Scott County$207

vs Homes Sold Last Month

Median $/sqft

ZIP 55020$189
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
2026-05-02Listed for sale$424,990

For Sale by Agent

AgentLynn Lake
BrokerageM/I Homes

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