V
Seller's Agent in 2025
Vonnie Cone
RE/MAX
114 E 8th St Fairmont, MN 56031
Estimated Value: $72,578 - $74,000
4
Beds
3
Baths
2,462
Sq Ft
$30/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Detached Garage
- Eat-In Kitchen
- 22 Acre Lot
- Porch
- Woodwork
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!
Last Agent to Sell the Property
Vonnie Cone
RE/MAX TOTAL REALTY License #20548089 Listed on: 05/07/2025
Last Buyer's Agent
Non Member
Non-Member
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,514
Year Built
- Built in 1915
Lot Details
- 22 Acre Lot
- Landscaped with Trees
Home Design
- Triplex
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 2,462 Sq Ft Home
- 2-Story Property
- Woodwork
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- Detached Garage
- 1 Parking Space Included
- Garage Door Opener
- Gravel Driveway
- Off-Street Parking
- RV Access or Parking
Outdoor Features
- Porch
Location
- Ground Level
- Upper Level
Utilities
- Window Unit Cooling System
- Boiler Heating System
Community Details
- 3 Units
- Gross Income $22,200
Listing and Financial Details
- Tenant pays for cable TV, electric, trash
- The owner pays for fuel, lawn, snow, water/sewer
- Assessor Parcel Number 231200040
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2025
Closed on
May 22, 2025
Sold by
Bought by
Seller's Agent
Vonnie Cone
RE/MAX TOTAL REALTY
Buyer's Agent
Non Member
Non-Member
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
$6,355
Avg. Annual Appreciation
2.75%
Purchase Details
Closed on
Sep 15, 2020
Sold by
Bought by
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
0.028%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 9, 2007
Sold by
Bought by
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
0.0654%
Mortgage Type
Future Advance Clause Open End Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $71,000 | First American Title | ||
| $67,500 | Jenkinson Abstract Co | ||
| $37,500 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $50,625 | ||
| Closed | $40,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Sold | $71,000 | -10.1% | $29 / Sq Ft |
| 05/27/2025 05/27/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $79,000 | -- | $32 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,648 | $86,100 | $4,900 | $81,200 |
| 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
-
-
N
Buyer's Agent in 2025
Non Member
Non-Member
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037392
APN: 231200040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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