2 months on rocket

647 Shoreacres Dr, Fairmont, MN, 56031

$135,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
WaterfrontLake Front
ViewOther
MLS #6583210
StatusActive

About 647 Shoreacres Dr

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

School Info

Assigned Schools Information:

  • Fairmont Jr./Sr. High School, Public District Grades 6-12
  • Fairmont Elementary School, Public District Grades PK-6

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
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Housing Market Comparison

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

Med. Sold Price

$182.9K

Med. Price/SqFt

$107

Avg. Days On Market

60

# of Sold Homes

14

647 Shoreacres Dr vs Fairmont

89 DAYS ON ROCKET

+29 Days

$135,000

-$47.9K Less

KEY TAKEAWAY

This property is $47.9K less than the Median Sold Price in Fairmont, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6583210

Listing Office:

  • Office Name: EXIT Realty - Great Plains

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
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

$741

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$471

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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.

Elementary School

school-card-donut-2159487
4
/10
  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 1.13 miles

  • Public District Grades PK-6

High School

school-card-donut-2159488
5
/10
  • Fairmont Jr./Sr. High School

  • 900 Johnson St

  • 1.30 miles

  • Public District Grades 6-12

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. Most residents in this area 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 are the assigned schools for this property?

The assigned schools for 647 Shoreacres Dr are:
Fairmont Elementary School: GreatSchools Rating 4/10
Fairmont Jr./Sr. High School: GreatSchools Rating 5/10

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).
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Rocket HomesMinnesotaMartin CountyFairmont56031647 Shoreacres Dr

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 October 2024, from all listings sold in Fairmont, MN there were more than 7 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Fairmont, MN between September 2024 and October 2024 decreased by 6.7%. While the average time on the market in October 2024 was 60 days, the median list price was $182,900.

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

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