701 E 1st St Fairmont, MN 56031
Estimated payment $604/month
About This Home
Charming 1920s two-story home offering approximately 1,484 square feet of living space on a corner lot in Fairmont. This 3-bedroom, 2-bathroom property features a spacious layout with a living room, dining area, kitchen, family room, and additional sitting room on the main level, plus three bedrooms and a full bath upstairs. The home includes original character with wood accents and a functional floor plan, along with a full basement providing extra storage space.
Listing Agent
TRUE REAL ESTATE Brokerage Phone: 507-345-8783 License #40666915 Listed on: 04/03/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $895
Year Built
- Built in 1920
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50x132
Parking
- Detached Garage
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- 1,506 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 231220420
Map
Home Values in the Area
Average Home Value in this Area
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 | $964 | $99,200 | $13,500 | $85,700 |
| 2024 | $688 | $99,400 | $13,500 | $85,900 |
| 2023 | $750 | $74,400 | $10,400 | $64,000 |
| 2022 | $638 | $76,400 | $11,200 | $65,200 |
| 2021 | $606 | $59,900 | $10,800 | $49,100 |
| 2020 | $542 | $59,900 | $10,800 | $49,100 |
| 2019 | $472 | $50,000 | $9,000 | $41,000 |
| 2018 | $430 | $37,200 | $7,800 | $29,400 |
| 2017 | $668 | $24,700 | $5,156 | $19,544 |
| 2016 | $706 | $27,500 | $5,764 | $21,736 |
| 2015 | $328 | $25,000 | $5,409 | $19,591 |
| 2013 | $344 | $22,100 | $5,091 | $17,009 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $99,000 | -- | $66 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $45,000 | Jenkinson Abstract Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $38,919 | FHA |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7039873
APN: 231220420
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