4 months on rocket

411 Willow St, Fairmont, MN, 56031

$62,500

Home List Price

$742*

Closing Credit

0 Baths
2,166 SqFt
$29/SqFt
Multi

Location

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411 Willow St, Fairmont$62,500

Buyer Closing Credits

$742*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingGravel
Year Built1920
HeatingBaseboard, Other
BasementYes
MLS #6584510
StatusActive

About 411 Willow St

Investment opportunity with 3 units, all with separate entrances. Sale includes adjacent vacant lot. Alley access to both properties for off-street parking. Electricity is metered separately. Owner pays for gas and water. Main floor: living room, dining room, kitchen, full bathroom, and 1 bedroom with passthrough to 2nd bedroom. Upstairs: Kitchen, Living room/Dining Room with balcony, full bathroom, 2 bedrooms, with adjoining door. Basement unit is a studio apartment with kitchen, 3/4 bathroom, and one large room for living and bedroom. Shared laundry for all units in basement. *NOTE: the Boiler lines froze which operate the main floor and upper floor heat-will need a new heating system. Basement level is baseboard electric heat. Property is being sold AS IS.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 2,166 SqFt

Listing Office:

  • Office Name: EXIT Realty - Great Plains

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Gravel

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Other

Other

Directions Information:

  • Directions: Albion Avenue to Willow St. Property on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $62,500
  • Price Per SqFt: $29/SqFt

Tax Information:

  • Annual Amount: $1,258
  • 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

411 Willow St vs Fairmont

131 DAYS ON ROCKET

+71 Days

$62,500

-$120.4K Less

$29/SqFt

-$80 Less

KEY TAKEAWAY

This property is $120.4K less than the Median Sold Price and $80/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: #6584510

Listing Office:

  • Office Name: EXIT Realty - Great Plains

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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

Aug 27, 2020Home Sold
$64,900
Jul 14, 2006Home Sold
$42,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,258$60,800
2020$1,258$60,800
2018$1,178$48,500
2017$834$50,900

History based on county public records data.

Payment Calculator

$379

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$254

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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-812546
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 0.32 miles

  • Public District Grades PK-6

school-card-donut-812547
3
/10

  • Granada Huntley East Chain Elementary School

  • 300 Reynolds St

  • 6.59 miles

  • Public District Grades PK-5

school-card-donut-812548
4
/10

  • Truman Elementary School

  • 401 E 1st St S

  • 12.33 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. Typical income of Fairmont, MN residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Martin County›Fairmont›56031›411 Willow St

This home is located at 411 Willow St in Fairmont, MN and zip code 56031. This 2,166 square foot home was built in 1920. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $62,500.

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. In November 2024 in Fairmont, MN there were 3.6% less homes for sale than in October 2024. Listings spent 60 days on the market in November 2024, and had a median list price of $182,900 during the same period.

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

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