NOT LISTED FOR SALE

631 Shoreacres Dr Fairmont, MN 56031

Estimated Value: $650,000 - $710,750

3 Beds
3 Baths
3,808 Sq Ft
$177/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $660,000 $173 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,243/month

17 Days on Market

Highlights

  • 100 Feet of Waterfront
  • No HOA
  • Double Oven
  • Family Room with Fireplace
  • Home Gym
  • 2 Car Attached Garage

About This Home

As of November 2023

You are not going to want to miss the opportunity to own this stunning home on Budd Lake! Enjoy 100' of lakeshore and endless sun rises from just about any room in the house. One step in and you will feel right at home. The main floor has a comfortable open concept feel and features vaulted ceilings and large windows over looking the lake. The kitchen has beautiful Cambria counter tops and ample storage. You can access the maintenance free deck from the kitchen, perfect for entertaining and grilling. You will also find the primary bedroom with updated 3/4 bath, an additional bedroom plus a den with a gas fireplace as a focal point. This room could easily be converted into a bedroom. The basement houses a large family room with a wet bar, 3/4 bath, spacious bedroom plus a bonus room to use however you see fit. Laundry is also located on this level along with a bonus storage area that is a perfect place to store your boating gear.

Last Agent to Sell the Property

Vonnie Cone

RE/MAX TOTAL REALTY Listed on: 09/13/2023

RE/MAX TOTAL REALTY

Last Buyer's Agent

Julie Liljenquist

Edina Realty

Edina Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,318

Year Built

  • Built in 1974

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x136
  • 100 Feet of Waterfront
  • Lake Front
  • Many Trees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Utility Room Floor Drain
  • Home Gym

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Storage
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Shoreacres Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 232110280

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,318

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 3
  • Water Source: City Water/Connected
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1904
  • Water Body Name: Budd
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space, Walkout
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Water Heater, Microwave, Refrigerator
  • Fireplace Features: Family Room, Gas, Living Room
  • Living Area: 3808
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1904
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Foyer, Bedroom 1, Bedroom 2, Primary Bathroom, Family Room, Laundry, Exercise Room, Bedroom 3, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: East
  • PatioPorchType: Deck,Patio
  • Lake Bottom: Rocky
  • LakeChain: N
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Floor Drain, Garage Door Opener, Heated Garage

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 100x136
  • Lot Size Sq Ft: 13590.72
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 232110280
  • Tax Annual Amount: 8318
  • TaxWithAssessments: 8318.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Nov 13, 2023
Sold by
Gerhardt Jack R and Gerhardt Shelley R
Bought by
Hartke Bradley R and Hartke Elizabeth A
Seller's Agent
Vonnie Cone
RE/MAX TOTAL REALTY
Buyer's Agent
Julie Liljenquist
Edina Realty
List Price
$649,900
Sold Price
$660,000
Premium/Discount to List
$10,100
1.55%
Views
90
Current Estimated Value
$674,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,938
Avg. Annual Appreciation
1.07%

Purchase Details

Closed on
Jun 2, 2011
Sold by
Vuocolo Philip S and Vuocolo Michele L
Bought by
Gerhardt Jack R and Gerhardt Shelley R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2009
Sold by
Amy Barbara L and Amy Joseph N
Bought by
Vuocolo Phillip S and Vuocolo Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Simon Velda A
Bought by
Amy Barbara L

Purchase Details

Closed on
Nov 10, 2006
Sold by
Sween Sandra R and Sandra R Sween Revocable Trust
Bought by
Amy Barbara L

Purchase Details

Closed on
Apr 6, 2005
Sold by
Sween Sandra
Bought by
Sween Sanra R and The Sanra R Sween Revocable Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Hartke Bradley R $660,000 Title Team
Gerhardt Jack R $420,000 None Available
Vuocolo Phillip S $356,500 None Available
Amy Barbara L $229,900 None Available
Amy Barbara L -- None Available
Sween Sanra R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerhardt Jack R $330,000
Previous Owner Vuocolo Phillip S $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2023 11/14/23 Sold $660,000 +1.6% $173 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $649,900 -- $171 / 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 $8,348 $664,100 $190,000 $474,100
2024 $8,290 $616,700 $190,000 $426,700
2023 $8,318 $644,900 $154,000 $490,900
2022 $7,424 $585,600 $154,000 $431,600
2021 $6,186 $503,000 $154,000 $349,000
2020 $5,810 $438,200 $154,000 $284,200
2019 $5,668 $395,500 $140,000 $255,500
2018 $5,894 $401,200 $100,000 $301,200
2017 $4,620 $335,100 $98,097 $237,003
2016 $4,548 $343,600 $98,340 $245,260
2015 $4,269 $357,300 $98,702 $258,598
2013 $5,075 $365,800 $98,918 $266,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6433402

NorthstarMLS

APN: 232110280