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125 Homewood Dr, Fairmont, MN, 56031

$790,000

Home List Price

$9,381*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
4,203 SqFt
$188/SqFt
House

Location

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125 Homewood Dr, Fairmont$790,000

Buyer Closing Credits

$9,381*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, Tuckunder Garage
Attached Garage3 spaces
Year Built1940
HeatingHot Water
CoolingCentral Air
BasementYes
WaterfrontLake Front, Lake
FireplaceBrick, Family Room, Gas, Living Room, Primary Bedroom
ViewLake, Other
MLS #6641034
StatusActive

About 125 Homewood Dr

Welcome to Homewood Drive, a Historic 4 Bed, 4 Bath Home on Beautiful Budd Lake! This renovated home is filled with character and charm! The intricate historic details remain with gorgeous chandeliers, majestic hardwood floors, a grand formal dining room, a cozy den or library, a stunning vintage stairway that welcomes you inside and more! The kitchen has been completely remodeled with new flooring, soft close drawers, granite countertops, stainless appliances and recessed lighting. The formal living room features high ceilings, a warm fireplace and wood floors. The large formal dining room is also filled with character, both rooms provide an intimate setting for you to enjoy friends and family. French doors off the dining room take you out to a 3 season porch to enjoy the seasons Minnesota has to offer. Make your way up the grand stairway to the bedrooms. The master bedroom is spacious, with a fireplace, amazing lake views, two walk in closets and a 3/4 bath. The other 3 bedrooms are also nice size, one with its own bathroom and the other 2 to share the 3rd bathroom. There is a second staircase to the upper level for ease & convenience. The lower level provides another place to entertain with a cozy family room, and an updated wet bar with granite bar top and plenty of seating. The lower level has a laundry room, a workshop, a pantry, a wine cellar and a carpeted flex room which would make a great fitness area or playroom. There is a 3rd garage off the lower level that could store a smaller car or a great place for lawn equipment and lake supplies! Outside you will enjoy a maintenance free deck with an outdoor cooking area and hot tub. An immaculate brand new double car garage was recently added with heated floors and ample space for entertaining if desired. The views from this home are absolutely amazing with it being one of the highest points in Fairmont. There is a walk up attic that could be made into another cozy historic nook. Come take a look to see for yourself the beauty, character & charm of this stunning home!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 4,203 SqFt

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Brick, Family Room, Gas, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Lake
  • View: Lake, Other

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, Tuckunder Garage

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: State St to Albion Ave to Homewood Dr home top of the hill lakeside

Price Information

Listing Price Info

Price Summary:

  • List Price: $790,000
  • Price Per SqFt: $188/SqFt

Tax Information:

  • Annual Amount: $5,968
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fairmont, MN.

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Fairmont, MN

City

Med. Sold Price

$182.9K

Med. Price/SqFt

$109

Avg. Days On Market

60

# of Sold Homes

12

125 Homewood Dr vs Fairmont

2 DAYS ON ROCKET

-58 Days

$790,000

+$607.1K More

$188/SqFt

+$79 More

KEY TAKEAWAY

This property is $607.1K more than the Median Sold Price and $79/SqFt more than other homes in Fairmont, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6641034

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

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Last updated on: 12/21/2024, 10:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 27, 2018Home Sold
$385,000
Oct 25, 2016Home Sold
$309,500

Tax History

YEARPROP. TAXASSESSMENT
2021$5,968$503,200
2020$5,968$436,800
2018$5,892$401,100
2017$4,627$341,700

History based on county public records data.

Payment Calculator

$4,010

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,435

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-806122
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 0.63 miles

  • Public District Grades PK-6

school-card-donut-806123
3
/10

  • Granada Huntley East Chain Elementary School

  • 300 Reynolds St

  • 6.99 miles

  • Public District Grades PK-5

school-card-donut-806124
4
/10

  • Truman Elementary School

  • 401 E 1st St S

  • 12.59 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,816. Most Fairmont, MN residents have annual incomes between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 125 Homewood Dr

What is the listing price of this property?

The listing price of 125 Homewood Dr property is $790,000.

What type of property is this?

The property 125 Homewood Dr is a house located in Fairmont, Minnesota, 56031.

Is this property for sale now?

Active Listing: 125 Homewood Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,968 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 27, 2018 for $385,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 125 Homewood Dr has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 125 Homewood Dr is 4,203 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 125 Homewood Dr is 1940.

Rocket Homes›Minnesota›Martin County›Fairmont›56031›125 Homewood Dr

This home is located at 125 Homewood Dr in Fairmont, MN and zip code 56031. This 4,203 square foot home was built in 1940. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $790,000.

While more than 4 listings in Fairmont, MN in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Fairmont, MN between October 2024 and November 2024 decreased by 3.6%. In November 2024 median list price was $182,900 and the average listing age was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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