Sold-inner office

$260,000

989 Shoreacres Dr, Fairmont, MN 56031

3beds

1,760sqft

Single Family Residence

Built in 1973

7,405 Square Feet Lot

$271,100 Zestimate^®

$148/sqft

$1,543 Estimated rent

Home value

$271,100

Estimated sales range

Not available

$1,543/mo

Zestimate^® history

Owner options

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$1,543/mo

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$1,543/mo

Rent Zestimate^®

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$1,652/mo

Est. payment

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$1,652/mo

Est. payment

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What's special

Kitchen and dining areaGreat lake views

Located on the shores of Budd Lake, this home offers great lake views and endless potential. With 2 bedrooms and a full bath on the main level, the layout features the kitchen and dining area, along with a living room that opens to the lakeside deck—perfect for taking in the serene scenery. The basement has an additional bedroom, a 3/4 bath, a family/rec room, and ample storage space in the laundry room. A single-car garage completes the package. While this home could use a little TLC to bring out its full potential, it’s an incredible opportunity to own a slice of lakefront living. Whether you're looking for a peaceful retreat or a project to make your own, this one is worth the look!!

Facts & features

Interior

Bedrooms & bathrooms

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

Bedroom

Level: Main
Area: 121
Dimensions: 11 x 11

Bedroom 1

Level: Main
Area: 132
Dimensions: 12 x 11

Bedroom 2

Level: Basement
Area: 126
Dimensions: 14 x 9

Dining room

Features: Breakfast Nook, Combine with Kitchen
Level: Main
Area: 90
Dimensions: 9 x 10

Family room

Level: Basement
Area: 308
Dimensions: 28 x 11

Kitchen

Level: Main

Living room

Level: Main
Area: 198
Dimensions: 18 x 11

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Microwave, Refrigerator
Laundry: Washer/Dryer Hookups

Features

Ceiling Fan(s), Natural Woodwork, Bath Description: 3/4 Basement, Main Floor Full Bath, Main Floor Bedrooms
Windows: Window Coverings
Basement: Egress Windows,Partially Finished,Block,Full

Interior area

Total structure area: 1,403
Total interior livable area: 1,760 sqft
Finished area above ground: 880
Finished area below ground: 523

Property

Parking

Total spaces: 1
Parking features: Concrete, Attached
Attached garage spaces: 1

Features

Levels: Two
Stories: 2
Patio & porch: Deck
On waterfront: Yes
Waterfront features: Lake Front
Body of water: Budd
Frontage type: Waterfront
Frontage length: Water Frontage: 50

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 150
Features: Accessible Shoreline, Landscaped, Tree Coverage - Medium, Paved

Details

Foundation area: 880
Parcel number: 231610080

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame/Wood, Vinyl Siding
Roof: Asphalt

Condition

Previously Owned
New construction: No
Year built: 1973

Utilities & green energy

Electric: Circuit Breakers
Sewer: City
Water: Public

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Fairmont

Financial & listing details

Price per square foot: $148/sqft
Tax assessed value: $238,200
Annual tax amount: $3,420
Date on market: 1/31/2025
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
2/21/2025	Sold	$260,000-10%$148/sqft
Source: RASM #7036397 Report a problem
1/20/2025	Pending sale	$289,000$164/sqft
Source: NorthstarMLS as distributed by MLS GRID #6634581 Report a problem
12/12/2024	Price change	$289,000-3.3%$164/sqft
Source: RASM #7036397 Report a problem
11/23/2024	Listed for sale	$299,000+81.2%$170/sqft
Source: NorthstarMLS as distributed by MLS GRID #6634581 Report a problem
5/11/2006	Sold	$165,000$94/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,176 -7.1%	$238,200 -5.4%
2024	$3,420 +33.6%	$251,700 -8.5%
2023	$2,560 +1.4%	$275,100 +38%
2022	$2,524 +26.5%	$199,300 +7.2%
2021	$1,996 -4%	$186,000 +17.5%
2020	$2,080 -2.6%	$158,300 -1.7%
2018	$2,136 +39%	$161,000 +46.8%
2017	$1,537 +2.3%	$109,700 -1.9%
2016	$1,503 +5.6%	$111,800 -3.2%
2015	$1,423 -17.9%	$115,500 -4.4%
2013	$1,733 -10.4%	$120,800 -15.7%
2012	$1,935	$143,300
2011	--	--
2010	--	$149,500