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$258,985

Listing Price

3beds

1.5baths

1,697sqft

29,229sqft lot

116 Water St, Fairmont, MN 56031

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

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For Sale

Off Market

Single Family

Home type

152.61

Price / sqft

1953

Year built

Home Details

Welcome home as you walk into this beautiful rambler in the heart of Fairmont! Enjoy a great floor plan with hardwood floors, 2 family rooms on the main level, along with 3 bedrooms and a full bath. Walk into a spacious formal living room with a large picture window with partial view of Budd Lake! The kitchen has gorgeous stainless steel appliances, a pantry closet, a counter island and a sky light to bring in natural daylight. It opens to the dining room and fireside family room to give it an open feel. Enjoy the cozy patio off the kitchen and fireside family room for easy access to grilling and entertaining. There is an extra lot next to this home that is included with the home. Great open area to enjoy! The bedrooms all have hardwood floors, ceiling fans, and full size cedar closets with mirrored doors and closet lights. Both bathrooms are newly remodeled with double sink vanities. The main level bath has a new shower/tub with a triple head shower mount. The lower level bath has a new double head shower mount. They both are equipped with temperature control valves and GFI separate circuit outlets. The partially finished basement is clean and ready to be finished just the way you want it, completely wired for an entertainment room and there is a backroom ready to be made into a bedroom, with the addition of an egress window. There is plenty of storage room and the washer, dryer and freezer come with the property if desired. The entire house has new windows (20

Interior Details

Square Feet
  • 1697

Bedrooms
  • 3

Bathrooms
  • 1.5

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Full

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    Wood (unspecified)

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 29229

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • Wood Siding

Foundation
  • N/A

Roof
  • Gable/hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$2,622

$49,900

$125,400

--%

$175,300

-1

$-1

$49,900

$125,400

--%

$175,300

2018

$69

$42,900

$105,900

--%

$148,800

2015

$-1

$0

$0

--%

$0

2015

$1,523

$32,653

$80,647

--%

$113,300

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Average Home Price in 56031

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$244,558

4 Beds

2 Baths

1,936 Sqft

10,454 Lot (sqft)

Sold 10/14/2026

$145,350

3 Beds

2 Baths

1,644 Sqft

9,583 Lot (sqft)

Sold 08/25/2026

$309,900

3 Beds

2 Baths

1,669 Sqft

12,720 Lot (sqft)

Sold 10/13/2026

$250,000

4 Beds

2 Baths

1,602 Sqft

8,799 Lot (sqft)

Sold 10/26/2026

$234,900

3 Beds

1 Baths

1,845 Sqft

8,799 Lot (sqft)

Sold 10/27/2026

$123,178

3 Beds

0.5 Baths

1,759 Sqft

13,721 Lot (sqft)

Sold 10/27/2026

$217,500

3 Beds

3 Baths

1,576 Sqft

5,663 Lot (sqft)

Sold 10/13/2026

$194,900

3 Beds

3 Baths

1,705 Sqft

7,536 Lot (sqft)

Sold 10/13/2026

$168,900

3 Beds

2 Baths

1,579 Sqft

7,928 Lot (sqft)

Sold 09/29/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
258,985
$
Down payment
51,797
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,553.91
$
HOA (Monthly)
0
$
PMI
0
$
$1,676
Your Payment
Total Monthly Payment:$1,676
Percent of Income:29%
Affordable:Yes

Details for 116 WATER ST

Property Debt

Foreclosure Contact Details