Seller's Agent in 2025
Kim Kreiss
EXIT Realty - Great Plains
(507) 848-8102
200 in this area
314 Total Sales
411 Willow St Fairmont, MN 56031
5
Beds
3
Baths
2,166
Sq Ft
4,792
Sq Ft Lot
About This Home
As of February 2025Price is firm. Investment opportunity with 3 units, all with separate entrances. Sale includes adjacent vacant lot. Alley access to both properties for off-street parking. Electricity is metered separately. Owner pays for gas and water. Main floor: living room, dining room, kitchen, full bathroom, and 1 bedroom with passthrough to 2nd bedroom. Upstairs: Kitchen, Living room/Dining Room with balcony, full bathroom, 2 bedrooms, with adjoining door. Basement unit is a studio apartment with kitchen, 3/4 bathroom, and one large room for living and bedroom. Shared laundry for all units in basement. *NOTE: the Boiler lines froze which operate the main floor and upper floor heat-will need a new heating system. Basement level is baseboard electric heat. Property is being sold AS IS.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Home Design
- Triplex
Interior Spaces
- 1.5-Story Property
- Partially Finished Basement
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 48x100
- Baseboard Heating
Community Details
- 3 Units
- Ramsdale Subdivision
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas
- Assessor Parcel Number 231990140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2024
Closed on
Feb 14, 2025
Sold by
Nam Rithy and Roeun Khunary
Bought by
Love & Land Llc
Seller's Agent
Kim Kreiss
EXIT Realty - Great Plains
Buyer's Agent
Shane Nelson
Home Run Realty
List Price
$72,500
Sold Price
$50,000
Premium/Discount to List
-$22,500
-31.03%
Total Days on Market
172
Views
142
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
$55,333
Avg. Annual Appreciation
1006.25%
Purchase Details
Closed on
Aug 26, 2020
Sold by
Scheff Anthony C and Scheff Sharon M
Bought by
Nam Rithy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 14, 2006
Sold by
Meyer Stephanie Marie
Bought by
Scheff Anthony C and Scheff Sharon M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,800
Interest Rate
6.72%
Mortgage Type
New Conventional
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 | $50,000 | Near North Title | |
| Warranty Deed | $64,900 | Jenkinson Abstract Company | |
| Personal Reps Deed | $42,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $42,000 | New Conventional | |
| Previous Owner | $37,800 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $50,000 | 0.0% | $23 / Sq Ft |
| 01/31/2025 01/31/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $50,000 | -20.0% | $23 / Sq Ft |
| 09/26/2024 09/26/24 | Price Changed | $62,500 | -13.8% | $29 / Sq Ft |
| 08/12/2024 08/12/24 | For Sale | $72,500 | -- | $33 / Sq Ft |
Source: NorthstarMLS
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 | $1,460 | $126,600 | $7,200 | $119,400 |
| 2023 | $1,432 | $81,400 | $10,000 | $71,400 |
| 2022 | $1,288 | $73,700 | $11,100 | $62,600 |
| 2021 | $1,246 | $60,800 | $11,100 | $49,700 |
| 2020 | $1,258 | $60,800 | $11,100 | $49,700 |
| 2019 | $1,234 | $53,000 | $9,700 | $43,300 |
| 2018 | $1,178 | $48,500 | $8,900 | $39,600 |
| 2017 | $1,166 | $50,900 | $9,300 | $41,600 |
| 2016 | $1,100 | $48,500 | $8,900 | $39,600 |
| 2015 | $772 | $53,400 | $9,500 | $43,900 |
| 2013 | $1,014 | $60,700 | $8,700 | $52,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Kreiss
-
Shane Nelson
S
Buyer's Agent in 2025
Shane Nelson
Home Run Realty
(507) 720-8282
1 in this area
9 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6584510
APN: 231990140
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