14 days on rocket

1400 Lake Ave, Fairmont, MN, 56031

$130,000

Home List Price

$1,544*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,215 SqFt
$107/SqFt
House

Location

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1400 Lake Ave, Fairmont$130,000

Buyer Closing Credits

$1,544*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage2 spaces
Year Built1949
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceWood Burning
MLS #6635125
StatusActive

About 1400 Lake Ave

Super cute 2 bedroom home just on the outskirts of town. The double garage offers ample space for vehicles or storage, and the shed adds extra room for tools, garden supplies or a workshop. The main fioor features a nice sized living room, dining room with a fireplace, open kitchen, main bedroom and full bath. There is a nice sized bedroom on the upper level as well. The floors have hardwood under the carpet. This is just a nice fixer upper that has the feel of country living but has the amenities of being in town. (Property does NOT include the quonset building)

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Living Area: 1,215 SqFt

Listing Office:

  • Office Name: CENTURY 21 Northland Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Follow w Blue Earth Ave which turns into Lake Ave until you get to County Rd 39 (4 way stop) It's the house on the corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $130,000
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $830
  • 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

1400 Lake Ave vs Fairmont

14 DAYS ON ROCKET

-46 Days

$130,000

-$52.9K Less

$107/SqFt

-$2 Less

KEY TAKEAWAY

This property is $52.9K less than the Median Sold Price and $2/SqFt less than other homes in Fairmont, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6635125

Listing Office:

  • Office Name: CENTURY 21 Northland Realty

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Last updated on: 12/11/2024, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$830$92,800
2020$830$100,600
2018$736$83,000
2017$621$53,200

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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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-1705104
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 2.23 miles

  • Public District Grades PK-6

school-card-donut-1705105
3
/10

  • Granada Huntley East Chain Elementary School

  • 300 Reynolds St

  • 7.84 miles

  • Public District Grades PK-5

school-card-donut-1705106
4
/10

  • Truman Elementary School

  • 401 E 1st St S

  • 11.90 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 $46,389. The majority of Fairmont, MN residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1400 Lake Ave

What is the listing price of this property?

The listing price of 1400 Lake Ave property is $130,000.

What type of property is this?

The property 1400 Lake Ave is a house located in Fairmont, Minnesota, 56031.

Is this property for sale now?

Active Listing: 1400 Lake Ave 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 $830 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1400 Lake Ave has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1400 Lake Ave is 1,215 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1400 Lake Ave is 1949.

Rocket Homes›Minnesota›Martin County›Fairmont›56031›1400 Lake Ave

This home is located at 1400 Lake Ave in Fairmont, MN and zip code 56031. This 1,215 square foot home was built in 1949. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $130,000.

Over 4 listings were sold over their listed price in November 2024 in Fairmont, MN. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Fairmont, MN decreased by 3.6% between October 2024 and November 2024. 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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