2702 Park Ave NW, Faribault, MN, 55021
About This Home
Welcome home to this beautifully crafted 2025 new build, where thoughtful design and premium finishes come together in perfect harmony. Located in a developed neighborhood surrounded by mature trees, this home offers the comfort of an established community with all the benefits of brand-new construction. Step inside to find 9-foot ceilings that create a sense of openness and light throughout. The kitchen is a true showstopper—featuring granite countertops, a tiled backsplash, and high-end finishes that blend elegance with everyday functionality. Retreat to the stunning master suite, where you’ll find what a stunner the walk-in closet truly is—spacious, beautifully designed, and perfectly suited for both style and organization. The spa-inspired master bathroom is equally impressive, complete with custom tile work and premium fixtures. Every detail has been designed for comfort and style, from the solid panel doors to the seamless flow of living spaces. And truly, this entire home is absolutely gorgeous from top to bottom. Enjoy ultimate year-round comfort with Wirsbo in-floor heat complemented by central heating and cooling. The home’s ICF foundation ensures exceptional energy efficiency and durability for decades to come. Outside, you’ll find a stamped concrete patio and sidewalk—perfect for entertaining or relaxing—and seamless gutters for low-maintenance living. The three-car garage is insulated and sheetrocked, offering plenty of space for vehicles, storage, or a workshop. Built with care and quality in every corner, this home also includes 30-year architectural shingles and 200-amp electrical service, ensuring reliability and peace of mind. Experience the best of new construction in a neighborhood that already feels like home. Schedule your private showing today and fall in love with every detail of this 2025 masterpiece!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- New construction: Yes
- Year built: 2025
Materials
- Roof: Age 8 Years or Less,Architectural Shingle
- Construction materials: Concrete
Other
- Builder name: CHRISTOPHER TODD BAKKEN
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator,Stainless Steel Appliance(s)
- Laundry features: Main Level,In Unit
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Number of fireplaces: 1
- Fireplace features: Electric,Family Room
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,617
Heating & Cooling
- Heating features: Forced Air,In-Floor Heating
- Cooling features: Central Air
Interior Area
- Total structure area: 1,617
- Total interior livable area: 1,617 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1824279003
- Zoning description: Residential-Single Family
- Foundation area: 1617
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Patio
- Fencing: None
Lot
- Lot size: 0.26 Acres
- Lot size dimensions: 94.87 x 94.87 x 134.92 x 107.01
Parking
- Total spaces: 3
- Parking features: Attached,Concrete
- 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
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Cold Wave
- Winter Weather
- Heat Wave
- Ice Storm
- Lightning
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 | $2,022 | $24,264 |
| Home Insurance * | $278 | $3,336 |
| Property Taxes | $344 | $4,128 |
| Electricity | $170 | $2,050 |
| Total | $2,814 | $33,768 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Price change | $414,900 |
| 2026-02-24 | Listed for sale | $419,900 |
| 2022-06-07 | Sold | $35,000 |
| 2022-04-26 | Pending sale | $39,900 |
| 2022-03-16 | Price change | $39,900 |
| 2022-02-25 | Pending sale | $47,000 |
| 2021-08-01 | Listed for sale | $47,000 |
| 2019-06-14 | Sold | $30,000 |
| 2018-10-01 | Price change | $34,900 |
| 2018-06-04 | Listed for sale | $39,900 |
| 2016-09-20 | Sold | $20,000 |
| 2014-07-15 | Sold | $45,000 |
| 2000-10-24 | Sold | $45,000 |
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