$375,000
SOLD OCT 30, 2024

572 State Highway 15 Fairmont, MN 56031

3 Beds
1.5 Baths
1,152 Sq Ft
7.99 Acres

Recently Sold

$326 Per Sq Ft

5% Below List Price

118 Days on Market

Highlights

  • Multiple Garages
  • No HOA
  • Living Room
  • RV Access or Parking
  • 4 Car Attached Garage
  • Parking Storage or Cabinetry

About This Home

As of October 2024

Pristine acreage, almost 8 acres of bliss. The drive up the lane is stunning, the landscape and trees are amazing. Well maintained rambler home with a nice eat in kitchen then opening up to a very nice sized living area, all 3 bedrooms on the main level with a full bath. The basement is so clean and is an open canvas for you to make it yours. Outside you also are privilege to have a 3 stall garage with all the bells and whistles, 1 large steel machine shed and a smaller steel shed. All with electricity run to them. Garden area, 4 acres of alfalfa.

Last Agent to Sell the Property

Karen Mussmann

EXIT Realty - Great Plains Listed on: 07/24/2023

EXIT Realty - Great Plains

Last Buyer's Agent

Kim Kreiss

EXIT Realty - Great Plains

EXIT Realty - Great Plains

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,894

Year Built

  • Built in 1954

Lot Details

  • 7.99 Acre Lot
  • Lot Dimensions are 590x590

Parking

  • 4 Car Attached Garage
  • Multiple Garages
  • Parking Storage or Cabinetry
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • RV Access or Parking

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Utility Room Floor Drain

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 170090350

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,894

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 1152
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Full, Sump Pump, Unfinished
  • Living Area: 1152
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bedroom 3

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Deck,Patio

Garage/Parking

  • Parking Features: Attached Garage, Detached, Gravel, Electric, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, RV Access/Parking, Storage
  • Garage Square Feet: 896

Utilities

  • Heating: Forced Air
  • Sewer: Septic System Compliant - Yes
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fairmont Area Schools
  • SchoolDistrictNumber: 2752
  • SchoolDistrictPhone: 507-238-4234

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 590x590
  • Lot Size Sq Ft: 348044.4
  • Land Lease: No
  • PastureArea: 3
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 170090350
  • Tax Annual Amount: 1894
  • TaxWithAssessments: 1894.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Oct 30, 2024
Sold by
Keith Waterbury Revocable Trust and Wanda Waterbury Revocable Trust
Bought by
Madsen Heather and Madsen Benjamin
Seller's Agent
Karen Mussmann
EXIT Realty - Great Plains
Buyer's Agent
Kim Kreiss
EXIT Realty - Great Plains
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Views
824
Current Estimated Value
$483,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,093
Avg. Annual Appreciation
31.69%
Original Mortgage
$298,000
Outstanding Balance
$295,017
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$188,076
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $372,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $298,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2024 10/30/24 Sold $375,000 -5.1% $326 / Sq Ft
12/17/2023 12/17/23 For Sale $395,000 0.0% $343 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $395,000 -- $343 / Sq Ft
Source: NorthstarMLS

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 $2,288 $273,600 $122,900 $150,700
2024 $2,134 $292,800 $112,900 $179,900
2023 $1,948 $287,400 $112,900 $174,500
2022 $1,894 $225,600 $96,900 $128,700
2021 $1,802 $203,000 $84,900 $118,100
2020 $1,734 $203,000 $84,900 $118,100
2019 $1,602 $180,600 $70,900 $109,700
2018 $1,592 $173,100 $70,900 $102,200
2017 $1,324 $126,600 $40,515 $86,085
2016 $1,232 $126,600 $40,515 $86,085
2015 $1,061 $126,600 $40,515 $86,085
2013 $1,076 $101,200 $30,201 $70,999
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6407163

NorthstarMLS

APN: 170090350