Here's your chance to grab one of the last remaining lakefront vacant lots available on Budd Lake! If you have been searching for a lot to build your dream lake home, it's time to begin your dream! It all starts with purchasing land! The lot size is 165x78. No stairs to the lake at this time/lake bank is all natural. Beautiful sunrise views and 4th of July prime fireworks display viewing location!
Property Details
Property Features
Listing Office:
Office Name: EXIT Realty - Great Plains
Exterior Features
Exterior Information:
Waterfront: Lake Front
View: Other
Lot Features
Lot Information:
Lot: Many Trees
Other
Directions Information:
Directions: Woodland to Shoreacres-lot on the left side/lake side. Lair Rd to Shoreacres-lot on the right side/lake side.
Price Information
Listing Price Info
Price Summary:
List Price: $135,000
Tax Information:
Annual Amount: $974
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Fairmont, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/3/2024, 11:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$974
$66,800
2020
$974
$66,800
2018
$694
$47,700
2017
$646
$47,700
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$741
Per Month
Principal & Interest
$674
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$471
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Fairmont Elementary School
714 Victoria St Ste 101
Distance between this listing and this school1.10 miles
Public District Grades PK-6
3
/10
Granada Huntley East Chain Elementary School
300 Reynolds St
Distance between this listing and this school7.47 miles
Public District Grades PK-5
4
/10
Truman Elementary School
401 E 1st St S
Distance between this listing and this school12.83 miles
Public District Grades PK-6
Nearby Schools
4
/10
Granada Huntley East Chain Middle S
300 Reynolds St
Distance between this listing and this school7.47 miles
Public District Grades 6-8
4
/10
Martin County West Junior High School
16 W 5th St
Distance between this listing and this school12.83 miles
Public District Grades 7-8
4
/10
Blue Earth Area Middle School
315 E 6th St
Distance between this listing and this school18.82 miles
Public District Grades 6-7
Nearby Schools
5
/10
Fairmont Jr./Sr. High School
900 Johnson St
Distance between this listing and this school1.34 miles
Public District Grades 7-12
2
/10
Southern Plains Area Learning Center
1200 N Park St
Distance between this listing and this school1.67 miles
Public District Grades 8-12
4
/10
Granada Huntley East Chain High School
300 Reynolds St
Distance between this listing and this school7.47 miles
The neighbors living near this home have an average income of $72,816. Most Fairmont, MN residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 647 Shoreacres Dr
What is the listing price of this property?
The listing price of 647 Shoreacres Dr property is $135,000.
What type of property is this?
The property 647 Shoreacres Dr is land located in Fairmont, Minnesota, 56031.
Is this property for sale now?
Active Listing: 647 Shoreacres 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 $974 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 647 Shoreacres Dr in Fairmont, MN and zip code 56031. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $135,000.
In November 2024, from all listings sold in Fairmont, MN there were more than 4 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price. The number of listings in Fairmont, MN decreased by 3.6% between October 2024 and November 2024. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $182,900.
From Rocket Homes Real Estate and based on county public records data.