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1105 2nd St SE, Faribault, MN, 55021

4beds
3baths
2,378sqft
$398,000
$167price/sqft
$2,943/moest. monthly cost
$117,720/yrincome needed

About This Home

This brand-new 4-bed, 3-bath split-level home blends modern comfort with a clean, functional design. The bright main level features an open-concept kitchen, dining, and living space—perfect for everyday living and entertaining. Two bedrooms upstairs, including a comfortable primary suite with a private bath. The finished lower level adds two additional bedrooms, a full bath, and a spacious family room, offering flexible space for guests, work, or play. With low-maintenance materials, new-construction peace of mind, and a convenient location, this home is a great value and ready for you to move in and enjoy.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
2/10
Faribault Middle SchoolGrades 6-81.8 mi
4/10

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Concrete,Sump Pump,Walk-Out Access

Bathroom

  • Level: Upper
  • Area: 50
  • Dimensions: 5x10

Bathroom

  • Level: Lower
  • Area: 50
  • Dimensions: 5x10

Bedroom

  • Level: Upper
  • Area: 168
  • Dimensions: 14x12

Bedroom2

  • Level: Upper
  • Area: 110
  • Dimensions: 11x10

Bedroom3

  • Level: Lower
  • Area: 140
  • Dimensions: 10x14

Bedroom4

  • Level: Lower
  • Area: 165
  • Dimensions: 11x15

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Level: Upper
  • Area: 80
  • Dimensions: 10x8

Family Room

  • Level: Lower
  • Area: 324
  • Dimensions: 18x18

Features

  • Finished area below ground: 992
  • Finished area above ground: 1,189

Foyer

  • Level: Main
  • Area: 80
  • Dimensions: 10x8

Heating & Cooling

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

Interior Area

  • Total structure area: 2,378
  • Total interior livable area: 2,378 sqft

Living Room

  • Level: Upper
  • Area: 130
  • Dimensions: 13x10

Primary Bathroom

  • Level: Upper
  • Area: 56
  • Dimensions: 8x7

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1832428051
  • Zoning description: Residential-Single Family
  • Foundation area: 1189

Features

  • Levels: One and One Half
  • Stories: 1

Lot

  • Lot size: 0.25 Acres
  • Lot size dimensions: 73 x 150

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Winter Weather
Hail

FEMA Declared Disasters in Rice 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 $2,012$24,144
Home Insurance *$277$3,324
Property Taxes $454$5,448
Electricity $200$2,406
Total$2,943$35,316
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,902/yr
40% on housing$88,290/yr
45% on housing$78,480/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: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$167This listing

vs Other Active Listings

Avg $/sqft

ZIP 55021$158
Rice County$181

vs Homes Sold Last Month

Median $/sqft

ZIP 55021$154
Rice County$165

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
2026-03-21Price change$398,000
2026-03-10Listed for sale$404,000
2026-03-10Listing removed$409,000
2025-12-09Listed for sale$409,000
2024-03-26Sold$32,500
2024-03-01Pending sale$35,000
2023-06-30Price change$35,000
2022-07-26Listed for sale$36,500
2021-01-16Listing removed--
2020-07-17Listed for sale$332,750
2018-10-01Listing removed$35,900
2016-11-19Listed for sale$35,900
2016-08-12Listing removed$35,900
2015-09-05Listed for sale$35,900

New Construction

AgentMatt Braaten
BrokerageRES Realty

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