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227 Elm St, Fairmont, MN, 56031

$84,900

Home List Price

$1,008*

Closing Credit

2 Bedrooms
1 Full Bath
889 SqFt
$96/SqFt
House

Location

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227 Elm St, Fairmont$84,900

Buyer Closing Credits

$1,008*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Year Built1915
HeatingForced Air
CoolingNone
BasementYes
MLS #6645144
StatusActive

About 227 Elm St

This charming 2BR/2BA home offers practical living at a great price! Fresh interior paint throughout! The main floor includes the large kitchen with ample cabinetry and counter space with room for a small table and chairs. The adjoining dining/living room is filled with natural light. A convenient 3/4 bath with tile floors, and back door entry (also with tile floors) completes the main level. Upstairs, you'll find two cozy bedrooms and a versatile flex room that could easily serve as an office, or potential third bedroom. There is a full bathroom upstairs as well. The basement features laundry along with room for storage. Off street parking next to the house, plus alley access in back. Take advantage of the home's central location—just down the street from the Red Rock Center, a convenience store, and more. This home is ideal for those seeking both comfort and proximity to local amenities. All appliances stay. No garage. Great starter home-here's your chance to buy instead of rent!

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Living Area: 889 SqFt

Listing Office:

  • Office Name: EXIT Realty - Great Plains

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Refrigerator, Oven, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Gravel

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: E Blue Earth Ave, turn East on S Elm just before the Red Rock Center-house in first block on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $84,900
  • Price Per SqFt: $96/SqFt
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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

$180.9K

Med. Price/SqFt

$111

Avg. Days On Market

58

# of Sold Homes

8

227 Elm St vs Fairmont

1 DAY ON ROCKET

-57 Days

$84,900

-$96K Less

$96/SqFt

-$15 Less

KEY TAKEAWAY

This property is $96K less than the Median Sold Price and $15/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: #6645144

Listing Office:

  • Office Name: EXIT Realty - Great Plains

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Last updated on: 1/7/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-986255
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 0.47 miles

  • Public District Grades PK-6

school-card-donut-986256
3
/10

  • Granada Huntley East Chain Elementary School

  • 300 Reynolds St

  • 6.52 miles

  • Public District Grades PK-5

school-card-donut-986257
4
/10

  • Truman Elementary School

  • 401 E 1st St S

  • 12.14 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 $45,441. Residents of Fairmont, MN typically earn between $35k-100k each year. The majority of families are 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 227 Elm St

What is the listing price of this property?

The listing price of 227 Elm St property is $84,900.

What type of property is this?

The property 227 Elm St is a house located in Fairmont, Minnesota, 56031.

Is this property for sale now?

Active Listing: 227 Elm St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 227 Elm St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 227 Elm St is 889 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 227 Elm St is 1915.

Rocket Homes›Minnesota›Martin County›Fairmont›56031›227 Elm St

This home is located at 227 Elm St in Fairmont, MN and zip code 56031. This 889 square foot home was built in 1915. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 06, 2025 and is currently priced at $84,900.

Over 3 listings were sold over their listed price in December 2024 in Fairmont, MN. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Fairmont, MN between November 2024 and December 2024 decreased by 11.5%. Listings spent 58 days on the market in December 2024, and had a median list price of $180,950 during the same period.

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

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