318 318 S Elm St Fairmont, MN 56031
4
Beds
3.5
Baths
1,822
Sq Ft
0.26
Acres
Highlights
- Bathroom on Main Level
- Water Softener is Owned
- Electric Fireplace
- Forced Air Heating and Cooling System
- Storage Shed
- 3-minute walk to Ward Park
About This Home
As of May 2025Don't miss out on viewing this home to see the numerous updates throughout. There are four bedrooms and four bathrooms, the upstairs has 3-bedrooms a 3/4 bath and bonus area, downstairs is the primary bedroom with primary bathroom, the kitchen has new cabinets and stainless appliances, there are laundry hookups on the main level as well as the basement.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,046
Year Built
- Built in 1910
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 75x150
Parking
- Gravel Driveway
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,822 Sq Ft Home
- 2-Story Property
- Electric Fireplace
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bathroom is a Full Bathroom
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Outdoor Features
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Water Softener is Owned
Listing and Financial Details
- Assessor Parcel Number 232560340
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2025
Closed on
May 12, 2025
Sold by
Jordan Derek A and Jordan Rachel M
Bought by
Saunders Brandi L and Rasche Jesse J
Seller's Agent
Wade Barslou
RE/MAX TOTAL REALTY
Buyer's Agent
Alexander Phippen
TRUE REAL ESTATE
List Price
$169,000
Sold Price
$165,000
Premium/Discount to List
-$4,000
-2.37%
Total Days on Market
3
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.99%
Original Mortgage
$154,800
Outstanding Balance
$154,800
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$4,999
Purchase Details
Closed on
Sep 19, 2023
Sold by
Kaduce Robert
Bought by
Jordan Derek A and Jordan Rachel M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 5, 2008
Sold by
Citifinacial Services Inc
Bought by
Kaduce Robert and Kaduce Janis
Purchase Details
Closed on
Jul 3, 2005
Sold by
Eberhart Aron Daniel and Munson Jeremy Geroge
Bought by
Toluso Development Corp
Similar Homes in Fairmont, MN
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 | $165,000 | None Listed On Document | |
| Warranty Deed | $164,000 | The Title Team | |
| Limited Warranty Deed | $16,000 | None Available | |
| Deed | $39,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $154,800 | New Conventional | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $27,912 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | Sold | $165,000 | -2.4% | $91 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/29/2025 03/29/25 | For Sale | $169,000 | -- | $93 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,046 | $130,300 | $16,900 | $113,400 |
| 2023 | $976 | $71,200 | $20,000 | $51,200 |
| 2022 | $902 | $66,500 | $21,200 | $45,300 |
| 2021 | $862 | $57,100 | $21,200 | $35,900 |
| 2020 | $792 | $56,800 | $21,200 | $35,600 |
| 2019 | $790 | $49,600 | $18,500 | $31,100 |
| 2018 | $746 | $46,500 | $16,900 | $29,600 |
| 2017 | $730 | $48,800 | $17,700 | $31,100 |
| 2016 | $674 | $46,500 | $16,900 | $29,600 |
| 2015 | $609 | $51,000 | $18,200 | $32,800 |
| 2013 | $653 | $47,200 | $16,600 | $30,600 |
Source: Public Records
Agents Affiliated with this Home
-
Wade Barslou
Seller's Agent in 2025
Wade Barslou
RE/MAX
(507) 525-0507
18 in this area
211 Total Sales
-
Alexander Phippen
Buyer's Agent in 2025
Alexander Phippen
TRUE REAL ESTATE
(507) 525-6022
23 in this area
165 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037020
APN: 232560340
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