Seller's Agent in 2025
Vonnie Cone
RE/MAX
(507) 848-0114
201 in this area
346 Total Sales
114 E 8th St Fairmont, MN 56031
4
Beds
3
Baths
2,462
Sq Ft
9,583
Sq Ft Lot
Highlights
- Laundry Facilities
- Many Trees
- Wood Siding
About This Home
As of May 2025Income-Generating Triplex with Separate Entrances! Discover a prime investment opportunity with this, perfectly designed for steady rental income. This property features three distinct units: Unit 1 offers a spacious main-floor kitchen and dining area, with two bedrooms and a full bath located on the second level—ideal for tenants seeking extra space. Unit 2 is a cozy upper-level unit featuring one bedroom, a 3⁄4 bath, and an additional flexible room perfect for use as an office or potential second bedroom. Unit 3 is a main-floor, rear-facing unit with a dine-in kitchen, comfortable living room, one bedroom, and a full bath—perfect for those who prefer single-level living. All three units have separate entrances for privacy and convenience, while a shared basement provides ample storage space and a common laundry area. Tenants enjoy access to a detached 24x24 garage, adding extra value. Tentants pay their own electric bill, owner takes care of gas and water. Financials are available upon request. Don't miss this opportunity to add a solid, income-producing asset to your portfolio. Schedule a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,514
Year Built
- Built in 1915
Parking
- 2 Car Garage
Home Design
- Triplex
- Wood Siding
Interior Spaces
- 2,462 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- Many Trees
- Boiler Heating System
Listing and Financial Details
- The owner pays for gas, repairs, snow removal
- Assessor Parcel Number 231200040
Community Details
Overview
- 3 Units
- Garlicks Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2025
Closed on
May 22, 2025
Sold by
Marzolf Adam
Bought by
Sanchez Eliseo
Seller's Agent
Vonnie Cone
RE/MAX TOTAL REALTY
Buyer's Agent
Mike Blow
Re/Max Advantage Plus
List Price
$79,000
Sold Price
$71,000
Premium/Discount to List
-$8,000
-10.13%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,287
Avg. Annual Appreciation
6.99%
Purchase Details
Closed on
Sep 15, 2020
Sold by
Hall Lake Cabons & Rentals Llc
Bought by
Marzolf Adam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,625
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 9, 2007
Sold by
Thomas Lorraine W
Bought by
Hall Lake Cabins And Rentals Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.54%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $71,000 | First American Title | |
| Warranty Deed | $67,500 | Jenkinson Abstract Co | |
| Warranty Deed | $37,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,625 | New Conventional | |
| Previous Owner | $40,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Sold | $71,000 | -10.1% | $29 / Sq Ft |
| 05/12/2025 05/12/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $79,000 | -- | $32 / Sq Ft |
Source: NorthstarMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,514 | $87,800 | $4,900 | $82,900 |
| 2024 | $1,146 | $88,000 | $4,900 | $83,100 |
| 2023 | $1,352 | $70,000 | $7,700 | $62,300 |
| 2022 | $1,048 | $77,100 | $8,300 | $68,800 |
| 2021 | $954 | $55,000 | $7,300 | $47,700 |
| 2020 | $888 | $51,800 | $6,900 | $44,900 |
| 2019 | $846 | $46,100 | $6,100 | $40,000 |
| 2018 | $724 | $45,000 | $5,900 | $39,100 |
| 2017 | $632 | $41,500 | $5,400 | $36,100 |
| 2016 | $546 | $36,700 | $4,700 | $32,000 |
| 2015 | $407 | $34,200 | $4,900 | $29,300 |
| 2013 | $495 | $35,800 | $5,100 | $30,700 |
Source: Public Records
Agents Affiliated with this Home
-
Vonnie Cone
-
Mike Blow
Buyer's Agent in 2025
Mike Blow
RE/MAX
(507) 497-8602
1 in this area
32 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6716888
APN: 231200040
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