Move-in ready and packed with updates, this multi-level split home is one you won’t want to miss! The main floor features new LVP flooring, while the upper level offers new carpet throughout. The kitchen has been refreshed with newer countertops and fresh cabinet pulls along with appliances, creating a clean and updated feel. You’ll also appreciate the newer windows throughout most of the home, with the exception of the large living room picture window. All three bedrooms are conveniently located on the upper level along with a full bath. On the lower level, you’ll find a mudroom, a 3/4 bath, the basement has a large family room and an additional room that could easily become a 4th bedroom with the addition of an egress window. New LED lighting brightens the living room, and the garage space is a standout with both a tuck-under garage and an impressive 27x29 detached garage with electric in-floor heat.
Closed
$280,000
503 Water St, Fairmont, MN 56031
3beds
1,968sqft
Single Family
Built in 1960
10,628.64 Square Feet Lot
$280,100 Zestimate®
$142/sqft
$1,527 Estimated rent
Home value
$280,100
Estimated sales range
Not available
$1,527/mo
Zestimate® history
Owner options
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$1,527/mo
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$1,712/mo
Est. payment
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Est. payment
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List your homeWhat's special
New lvp flooringTuck-under garageMulti-level split home
Zillow last checked:
Listing updated:
Listed by:
Vonnie Cone 507-848-0114,
RE/MAX TOTAL REALTY
Bought with:
Wade A Barslou
RE/MAX Total Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7047557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 99 Square Feet
- Dimensions: 9x11
Bedroom 2
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 11x13
Bathroom
- Level: Upper
- Area: 72 Square Feet
- Dimensions: 8x9
Bathroom
- Level: Lower
- Area: 35 Square Feet
- Dimensions: 5x7
Bonus room
- Level: Lower
- Area: 154 Square Feet
- Dimensions: 14x11
Dining room
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11x8
Family room
- Level: Lower
- Area: 325 Square Feet
- Dimensions: 25x13
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Laundry
- Level: Lower
- Area: 240 Square Feet
- Dimensions: 12x20
Living room
- Level: Main
- Area: 325 Square Feet
- Dimensions: 25x13
Heating
- Boiler, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven
- Laundry: Electric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup
Features
- Basement: Block,Partially Finished,Storage Space
- Number of fireplaces: 2
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 1,968
- Total interior livable area: 1,968 sqft
- Finished area above ground: 1,368
- Finished area below ground: 525
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Tuckunder Garage
- Attached garage spaces: 3
- Details: Garage Dimensions (27x29)
Accessibility
- Accessibility features: None
Features
- Levels: Three Level Split
- Patio & porch: Patio
- Fencing: Partial
Lot
- Size: 10,628 sqft
- Dimensions: .244
- Features: Tree Coverage - Medium
Details
- Additional structures: Storage Shed
- Foundation area: 600
- Parcel number: 231600050
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Fairmont
- Subdivision: Krahmers
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $280,000-6.4%$142/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7047557 Report a problem | ||
| 5/18/2026 | Pending sale | $299,000$152/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7047557 Report a problem | ||
| 4/1/2026 | Listed for sale | $299,000+49.5%$152/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7047557 Report a problem | ||
| 9/29/2021 | Sold | $200,000+5.3%$102/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6070980 Report a problem | ||
| 8/2/2021 | Pending sale | $189,900$96/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6070980 Report a problem | ||
| 7/27/2021 | Listed for sale | $189,900$96/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6070980 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,210 -49.6% | $213,600 -9% |
| 2024 | $2,402 -8.1% | $234,800 +17.1% |
| 2023 | $2,614 +21.2% | $200,500 -1.2% |
| 2022 | $2,157 +13% | $203,000 +27% |
| 2021 | $1,908 -4.3% | $159,900 +4.6% |
| 2020 | $1,994 +16.2% | $152,800 +13.9% |
| 2018 | $1,716 +18.3% | $134,200 +30% |
| 2017 | $1,451 +13.4% | $103,200 +9.6% |
| 2016 | $1,279 +7.2% | $94,200 -2% |
| 2015 | $1,193 -5.5% | $96,100 +11.4% |
| 2013 | $1,263 +6% | $86,300 +0.9% |
| 2012 | $1,191 | $85,500 |
| 2011 | -- | -- |
| 2010 | -- | $112,600 |
Find assessor info on the county website
Neighborhood: 56031
Nearby schools
GreatSchools rating
- 3/10Fairmont Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 6/10Fairmont High SchoolGrades: 7-12Distance: 0.4 mi
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- Minnesota
- Martin County
- Fairmont
- 56031
- 503 Water St
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