1 month on rocket

989 Shoreacres Dr, Fairmont, MN, 56031

$289,000

Home List Price

$3,432*

Closing Credit

3 Bedrooms
1 Full Bath
1,403 SqFt
$206/SqFt
House

Location

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989 Shoreacres Dr, Fairmont$289,000

Buyer Closing Credits

$3,432*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete
Attached Garage1 space
Year Built1973
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front
ViewLake
MLS #6634581
StatusActive

About 989 Shoreacres Dr

Located on the shores of Budd Lake, this home offers great lake views and endless potential. With 2 bedrooms and a full bath on the main level, the layout features the kitchen and dining area, along with a living room that opens to the lakeside deck—perfect for taking in the serene scenery. The basement has an additional bedroom, a 3/4 bath, a family/rec room, and ample storage space in the laundry room. A single-car garage completes the package. While this home could use a little TLC to bring out its full potential, it’s an incredible opportunity to own a slice of lakefront living. Whether you're looking for a peaceful retreat or a project to make your own, this one is worth the look!!

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 1,403 SqFt

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Hwy 15, turn onto S State Street until you come to Lair Road, turn Right. At stop sign, turn right onto Shoreacres. Home is located on the Right side of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $289,000
  • Price Per SqFt: $206/SqFt

Tax Information:

  • Annual Amount: $2,080
  • 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

$180.9K

Med. Price/SqFt

$111

Avg. Days On Market

58

# of Sold Homes

8

989 Shoreacres Dr vs Fairmont

45 DAYS ON ROCKET

-13 Days

$289,000

+$108K More

$206/SqFt

+$95 More

KEY TAKEAWAY

This property is $108K more than the Median Sold Price and $95/SqFt more than other homes in Fairmont, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6634581

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

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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

Listing History

May 11, 2006Home Sold
$165,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,080$186,000
2020$2,080$158,600
2018$2,136$161,000
2017$1,537$109,700

History based on county public records data.

Payment Calculator

$1,510

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$933

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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-1086019
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 1.14 miles

  • Public District Grades PK-6

school-card-donut-1086020
3
/10

  • Granada Huntley East Chain Elementary School

  • 300 Reynolds St

  • 7.55 miles

  • Public District Grades PK-5

school-card-donut-1086021
4
/10

  • Truman Elementary School

  • 401 E 1st St S

  • 13.28 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 $72,816. Typical income of Fairmont, MN residents is between $35k-100k annually. 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 989 Shoreacres Dr

What is the listing price of this property?

The listing price of 989 Shoreacres Dr property is $289,000.

What type of property is this?

The property 989 Shoreacres Dr is a house located in Fairmont, Minnesota, 56031.

Is this property for sale now?

Active Listing: 989 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 $2,080 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 11, 2006 for $165,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 989 Shoreacres Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 989 Shoreacres Dr is 1,403 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 989 Shoreacres Dr is 1973.

Rocket Homes›Minnesota›Martin County›Fairmont›56031›989 Shoreacres Dr

This home is located at 989 Shoreacres Dr in Fairmont, MN and zip code 56031. This 1,403 square foot home was built in 1973. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 24, 2024 and is currently priced at $289,000.

Fairmont, MN housing market in December 2024 saw over 3 listings sold above listed price, more than 1 sold at listed price and over 4 sold below. The number of homes for sale in Fairmont, MN decreased by 11.5% between November 2024 and December 2024. While the average time on the market in December 2024 was 58 days, the median list price was $180,950.

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

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