From summer lake days to cozy evenings by the fireplace, this home fits the way you want to live. Enjoy access to Lake Sisseton and the Fairmont chain of lakes with this beautifully updated 4-bedroom, 3-bath home. The sale includes a 1/12 undivided interest in lake property, offering the opportunity to enjoy boating, fishing, and afternoon swims as part of your everyday lifestyle. There is space to place a boat and lift—making it easy to enjoy days on the water without the responsibilities of full lakefront ownership.
At the heart of the home is a remodeled kitchen designed for everyday living and easy entertaining. The kitchen features a large center island with seating and a dining area right in the space—perfect for morning coffee, family meals, or gathering with friends. Step directly from the kitchen onto the deck and enjoy summer evenings, grilling, and relaxed outdoor living.
Three bedrooms are conveniently located on the main floor, including the primary bedroom with a private full bath, along with an additional full bathroom and a comfortable living room.
The finished walk-out lower level expands your living space with a cozy family room featuring a gas fireplace, a fourth bedroom, a ¾ bathroom, laundry room, craft room, and abundant storage. A new sliding glass door brings in natural light and provides easy access to the backyard.
Recent updates include newer windows, shingles replaced in 2018 with new soffit, furnace and A/C (2014), fresh exterior paint and stain in 2025, and all bathrooms remodeled in 2024. An attached double-car garage completes this inviting, move-in-ready home.
Closed
$345,000
501 S Fairlakes Ave, Fairmont, MN 56031
4beds
3,674sqft
Single Family
Built in 1981
0.26 Acres Lot
$350,800 Zestimate®
$94/sqft
$2,409 Estimated rent
Home value
$350,800
Estimated sales range
Not available
$2,409/mo
Zestimate® history
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List your homeWhat's special
Attached double-car garageAbundant storageCraft roomLaundry roomNewer windows
Zillow last checked:
Listing updated:
Listed by:
Julie Liljenquist 507-399-1368,
Edina Realty
Bought with:
Kim Kreiss
EXIT Realty - Great Plains
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7000408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13 x 13
Bedroom 2
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Bedroom 3
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bedroom 4
- Level: Lower
- Area: 165 Square Feet
- Dimensions: 15 x 11
Family room
- Level: Lower
- Area: 558 Square Feet
- Dimensions: 31 x 18
Other
- Level: Lower
- Area: 98 Square Feet
- Dimensions: 14 x 7
Kitchen
- Level: Main
- Area: 368 Square Feet
- Dimensions: 23 x 16
Living room
- Level: Main
- Area: 368 Square Feet
- Dimensions: 23 x 16
Storage
- Level: Lower
- Area: 338 Square Feet
- Dimensions: 26 x 13
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
- Laundry: In Basement, Lower Level, Laundry Room, Sink
Features
- Basement: Daylight,Egress Window(s),Finished,Full,Storage Space,Sump Basket,Sump Pump,Tile Shower,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 3,674
- Total interior livable area: 3,674 sqft
- Finished area above ground: 2,094
- Finished area below ground: 1,242
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22 x 22)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Waterfront features: Association Access, Shared
Lot
- Size: 0.26 Acres
- Dimensions: 108 x 127
- Features: Tree Coverage - Light
Details
- Additional structures: Storage Shed
- Foundation area: 1580
- Parcel number: 232010060
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Reiman Fairlakes 2nd
HOA
- Has HOA: No
Location
- Region: Fairmont
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $64,700
- Annual tax amount: $3,887
- Date on market: 12/16/2025
- Cumulative days on market: 76 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $345,000-1.4%$94/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7000408 Report a problem | ||
| 3/1/2026 | Pending sale | $350,000$95/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000408 Report a problem | ||
| 12/16/2025 | Listed for sale | $350,000$95/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000408 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $740 +1.9% | $64,700 |
| 2024 | $726 +9.7% | $64,700 |
| 2023 | $662 -0.6% | $64,700 +22.3% |
| 2022 | $666 +3.7% | $52,900 +12.6% |
| 2021 | $642 +0.3% | $47,000 +14.1% |
| 2020 | $640 -8.3% | $41,200 |
| 2018 | $698 +88% | $41,200 +69.5% |
| 2017 | $371 +16% | $24,300 |
| 2016 | $320 +3.9% | $24,300 |
| 2015 | $308 +3.2% | $24,300 +19.7% |
| 2013 | $298 -7.4% | $20,300 |
| 2012 | $322 | $20,300 |
| 2011 | -- | -- |
| 2010 | -- | $20,300 |
Find assessor info on the county website
Neighborhood: 56031
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Nearby schools
GreatSchools rating
- 3/10Fairmont Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 6/10Fairmont High SchoolGrades: 7-12Distance: 1.4 mi
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- Minnesota
- Martin County
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