NOT LISTED FOR SALE

503 S Fairlakes Ave Fairmont, MN 56031

Estimated Value: $269,000 - $1,086,531

5 Beds
3 Baths
1,901 Sq Ft
$267/Sq Ft Est. Value

About This Home

This home is located at 503 S Fairlakes Ave, Fairmont, MN 56031 and is currently estimated at $507,883, approximately $267 per square foot. 503 S Fairlakes Ave is a home located in Martin County with nearby schools including Fairmont Elementary School, Fairmont Junior/Senior High School, and St. Paul Lutheran School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2021
Sold by
Daley Properties Minnesota Llc
Bought by
Hill Oxford Two Llc
Current Estimated Value
$507,883

Purchase Details

Closed on
Oct 31, 2007
Sold by
Cassem Jerry D and Cassem Theresa
Bought by
Daley Properties Minnesota Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.38%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
Hill Oxford Two Llc $884,621 Legacy Title
Daley Properties Minnesota Llc $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daley Properties Minnesota Llc $140,000
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 $3,756 $265,000 $27,100 $237,900
2024 $3,378 $273,800 $27,100 $246,700
2023 $3,616 $261,000 $30,100 $230,900
2022 $2,974 $259,800 $32,000 $227,800
2021 $2,846 $199,000 $30,300 $168,700
2020 $2,870 $199,000 $30,300 $168,700
2019 $2,800 $192,300 $29,300 $163,000
2018 $2,584 $172,900 $25,800 $147,100
2017 $2,320 $166,200 $24,800 $141,400
2016 $2,230 $166,200 $24,800 $141,400
2015 $2,025 $169,900 $24,800 $145,100
2013 $2,355 $170,000 $23,600 $146,400
Source: Public Records

Map

Minnesota Martin County Fairmont 56031

503 S Fairlakes Ave, Fairmont, MN

Not Listed for Sale

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