Pending

$274,000

1020 S State St, Fairmont, MN 56031

4beds

2,605sqft

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Single Family

Built in 1959

9,670 Square Feet Lot

$268,800 Zestimate^®

$105/sqft

$-- HOA

What's special

Centrally located in town, this spacious 4+ bedroom home offers plenty of room to grow along with numerous updates throughout. The main level features a large kitchen with ample cabinet space, an informal dining area, three bedrooms, and a full bath. The lower level provides additional living space with a family room, laundry and storage area, an additional bedroom, and a ¾ bath. A unique bonus is the attached garage that has been converted into a salon space. Whether you continue its current use or transform it into a mother-in-law suite, home office, additional bedroom, or flex space, the possibilities are endless. Outside, you'll appreciate the impressive 24' x 35' heated and insulated garage built in the backyard—perfect for vehicles, hobbies, or extra storage. Additional updates include newer siding, windows, and shingles replaced in 2019. This versatile property combines comfort, functionality, and location all in one package.

42 days

180

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 1
3/4 bathrooms: 1
1/2 bathrooms: 1

Bathroom

Description: 3/4 Basement,Main Floor 1/2 Bath,Main Floor Full Bath

Dining room

Description: Informal Dining Room

Heating

Forced Air

Cooling

Central Air, Ductless Mini-Split

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator
Laundry: In Basement

Features

Basement: Block,Full,Partially Finished
Has fireplace: No

Interior area

Total structure area: 2,919
Total interior livable area: 2,605 sqft
Finished area above ground: 1,605
Finished area below ground: 1,000

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Insulated Garage
Garage spaces: 2
Details: Garage Dimensions (24x35)

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1

Lot

Size: 9,670 Square Feet
Dimensions: 9680
Features: Tree Coverage - Light

Details

Foundation area: 1314
Parcel number: 232360060
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Materials

Roof: Age 8 Years or Less,Asphalt

Condition

New construction: No
Year built: 1959

Utilities & green energy

Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: State Street

HOA

Has HOA: No

Location

Region: Fairmont

Financial & listing details

Price per square foot: $105/sqft
Tax assessed value: $224,800
Annual tax amount: $3,030
Date on market: 5/29/2026
Cumulative days on market: 33 days

Estimated market value

$268,800

$255,000 - $282,000

$2,184/mo

Price history

Date	Event	Price
6/29/2026	Pending sale	$274,000$105/sqft
Source: NorthstarMLS as distributed by MLS GRID #7083230 Report a problem
6/8/2026	Listed for sale	$274,000+87%$105/sqft
Source: NorthstarMLS as distributed by MLS GRID #7083230 Report a problem
6/22/2021	Sold	$146,500+17.3%$56/sqft
Source: NorthstarMLS as distributed by MLS GRID #5744479 Report a problem
5/24/2016	Listing removed	$124,900$48/sqft
Source: Cavers Realty #6022319 Report a problem
3/1/2016	Listed for sale	$124,900-47.9%$48/sqft
Source: Cavers Realty #6022319 Report a problem
5/7/2007	Sold	$239,800$92/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,788 +27.9%	$224,800 0%
2024	$2,180 +0.1%	$224,900 +22.1%
2023	$2,178 +50%	$184,200 +19.2%
2022	$1,452 +5.1%	$154,500 +31%
2021	$1,382 -4.4%	$117,900
2020	$1,446 +19.7%	$117,900 +16%
2018	$1,208 +14.7%	$101,600 +38.2%
2017	$1,053 +15.8%	$73,500 +12.2%
2016	$909 +1.3%	$65,500 -7.5%
2015	$897 -8.4%	$70,800 +8.1%
2013	$979 +5.6%	$65,500 -0.3%
2012	$927	$65,700
2011	--	--
2010	--	$94,400

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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