NOT LISTED FOR SALE

722 E 3rd St Fairmont, MN 56031

Estimated Value: $79,000 - $111,000

3 Beds
2 Baths
1,330 Sq Ft
$74/Sq Ft Est. Value

Last Sold January 17, 2024

Last sale price $72,500 $55 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $576/month

6 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • The kitchen features windows
  • Loft
  • Stainless Steel Appliances
  • Walk-In Closet

About This Home

As of January 2024

Amazing find! 3BR/2BA with main floor living! This cheery yellow house has some great updates including, some newer windows, roof, plumbing, vinyl flooring, fresh paint and more! The layout of the main floor includes the living room with built-ins, a large informal dining room that could be split to add an office area or another seating area, the large kitchen with stainless steel appliances that stay, main floor bedroom, one full bath without shower, and 3/4 bath-shower only-with laundry. You will be surprised at all the storage on the main floor! Upstairs are two bedrooms, one is really large with a big walk-in closet, a little room that might be a good spot for a 1/2 bath, and a good sized landing area. The upstairs needs a bit more love but the wallpaper was all taken down and has been freshly painted on the walls and ceiling. The basement is unfinished with a small cellar area. Outside is a one car detached garage with covered patio for grilling. Shared driveway. Steel siding.

Last Agent to Sell the Property

Kim Kreiss

EXIT Realty - Great Plains Listed on: 12/14/2023

EXIT Realty - Great Plains

Last Buyer's Agent

Kim Kreiss

EXIT Realty - Great Plains Listed on: 12/14/2023

EXIT Realty - Great Plains

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $771

Year Built

  • Built in 1927

Lot Details

  • 6,578 Sq Ft Lot
  • Lot Dimensions are 54x122
  • Few Trees

Parking

  • 1 Car Garage
  • Shared Driveway

Home Design

  • Steel Siding

Interior Spaces

  • 1,330 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Loft
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Gilberts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 231210200

Home Details

Home Type

Single Family

Est. Annual Taxes

$771

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1927
  • Above Grade Finished Sq Ft: 1330
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Appliances: Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 1330
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Walk In Closet, Loft

Beds/Baths

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

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Detached, Shared Driveway

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Kitchen Window,Main Floor Primary Bedroom,Patio,Walk-In Closet

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 54x122
  • Lot Size Sq Ft: 6577.56
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 231210200
  • Tax Annual Amount: 771
  • TaxWithAssessments: 840.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 17, 2024
Sold by
Koster Jeffrey P
Bought by
Rank Tanner J
Seller's Agent
Kim Kreiss
EXIT Realty - Great Plains
Buyer's Agent
Kim Kreiss
EXIT Realty - Great Plains
List Price
$74,900
Sold Price
$72,500
Premium/Discount to List
-$2,400
-3.2%
Views
67
Current Estimated Value
$99,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,561
Avg. Annual Appreciation
19.17%
Original Mortgage
$68,600
Outstanding Balance
$67,418
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$31,643

Purchase Details

Closed on
Sep 15, 2016
Sold by
Spangler Carol Carol
Bought by
Koster Jeffrey Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,838
Interest Rate
3.5%

Purchase Details

Closed on
Jun 10, 2016
Sold by
Swanson Deborah and Swanson Roger
Bought by
Spangler Carol A
Source: Public Records

Range of Values:

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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
Rank Tanner J $72,500 Title Team
Koster Jeffrey P $32,836 Title Team
Koster Jeffrey Jeffrey $32,800 --
Koster Jeffrey P $32,837 None Available
Spangler Carol A $25,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rank Tanner J $68,600
Previous Owner Koster Jeffrey Jeffrey $32,838
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2024 01/17/24 Sold $72,500 -3.2% $55 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $74,900 -- $56 / 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 $680 $69,700 $14,200 $55,500
2024 $710 $69,800 $14,200 $55,600
2023 $840 $76,600 $10,800 $65,800
2022 $690 $82,400 $11,500 $70,900
2021 $654 $65,400 $11,200 $54,200
2020 $586 $65,200 $11,200 $54,000
2019 $534 $54,600 $9,300 $45,300
2018 $486 $42,900 $8,000 $34,900
2017 $496 $28,600 $5,347 $23,253
2016 $1,260 $52,700 $9,900 $42,800
2015 $615 $51,600 $9,200 $42,400
2013 $711 $51,400 $8,800 $42,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6468708

NorthstarMLS

APN: 231210200