NOT LISTED FOR SALE

309 Lake Aires Rd Fairmont, MN 56031

Estimated Value: $589,000 - $750,000

6 Beds
3 Baths
4,579 Sq Ft
$140/Sq Ft Est. Value

About This Home

This home is located at 309 Lake Aires Rd, Fairmont, MN 56031 and is currently estimated at $641,397, approximately $140 per square foot. 309 Lake Aires Rd is a home located in Martin County with nearby schools including Fairmont Elementary School, Fairmont Junior/Senior High School, and Fairmont Christian School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2021
Sold by
Miller Ryan R and Miller Mindy J
Bought by
Long Ross M and Long Amy
Current Estimated Value
$641,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,750
Outstanding Balance
$420,207
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$193,735

Purchase Details

Closed on
Jun 11, 2016
Sold by
Fenrich Jeanann and Fenrich Jean Ann
Bought by
Miller Ryan R and Miller Mindy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Long Ross M $485,000 Jenkinson Abstract Company
Miller Ryan R $300,882 Jenkinson Abstract Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Ross M $460,750
Previous Owner Miller Ryan R $285,000
Previous Owner Miller Ryan R $279,000
Previous Owner Fenrich Jean Ann $166,500
Previous Owner Fenrich Gary R $85,000
Previous Owner Fenrich Gary R $103,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $5,360 $626,600 $114,800 $511,800
2024 $5,052 $628,700 $104,800 $523,900
2023 $5,314 $624,500 $104,800 $519,700
2022 $3,326 $562,800 $95,700 $467,100
2021 $3,146 $334,300 $89,400 $244,900
2020 $5,014 $332,600 $89,400 $243,200
2019 $5,078 $303,800 $60,600 $243,200
2018 $5,248 $306,200 $60,600 $245,600
2017 $2,672 $257,500 $26,664 $230,836
2016 $2,452 $246,300 $26,514 $219,786
2015 $2,399 $253,900 $26,616 $227,284
2013 $2,725 $248,800 $23,515 $225,285
Source: Public Records

Map

Minnesota Martin County Fairmont 56031

309 Lake Aires Rd, Fairmont, MN

This home is located at 309 Lake Aires Rd, Fairmont, MN 56031 and is currently estimated at $641,397, approximately $140 per square foot. 309 Lake Aires Rd is a home located in Martin County with nearby schools including Fairmont Elementary School, Fairmont Junior/Senior High School, and Fairmont Christian School.

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