Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $1,224 (2025).

What school district is this property in?

This property is in the 2752 - Fairmont Area Schools school district.

How long has this property been on the market?

This property has been listed for 61 days.

Listed at

$89,900

$71/sqft

Village/Fairmont

316 E 2nd Street, Fairmont, MN, 56031

2 Bedrooms1 Bathroom1,260 Square Feet0.17 Acres

Days on market61

Year built1890

ParkingOn-Street Parking Only

TypeResidential

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About this home

Conveniently located close to downtown, this home offers easy access to shopping, dining, parks, and local amenities. The spacious basement provides endless possibilities—whether you're looking to create additional living space, a home office, workout room, or simply enjoy abundant storage. With room to grow and customize, this property is ready for you to make it your own.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1890

LevelsOne

Living area1,260 sqft

Above-grade finished1,260 sqft

Below-grade finished0 sqft

Lot size0.17 acres (54x128)

Days on market61

ListedJul 29, 2026

MLS #NST7118387

CountyMartin

SubdivisionVillage/Fairmont

Parcel #230401720

Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Bath breakdown: 1 full
Heating: Forced Air
Cooling: Central Air
Basement: Full · 0 sqft finished

Property

Levels / stories: One
Parking features: On-Street Parking Only
Patio & porch: Front Porch
Exterior features: Wood
Lot size: 0.17 acres
Lot dimensions: 54x128

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 1,260 sqft
Year built: 1890

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Community & HOA

Subdivision: Village/Fairmont
HOA: No HOA
School district: 2752 - Fairmont Area Schools
High school district: Fairmont Area Schools

Financial & listing details

Annual tax: $1,224 (2025)
Listed: Jul 29, 2026
Days on market: 61 · 1 cumulative
Lender owned: Yes
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths1

3/4 baths0

Half baths0

1/4 baths0

BasementFull

HeatingForced Air

CoolingCentral Air

AccessibilityNone

Exterior & lot

ExteriorWood

FoundationBlock

Foundation area1,260 sqft

Patio/porchFront Porch

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingOn-Street Parking Only

Garage spaces0

Financial details

Annual taxes$1,224

Tax year2025

Taxes w/ assessments1224

Assessment pendingNo

Down payment resourceYes

Lender ownedYes

Short saleNo

ForeclosureNo

Schools

District2752 - Fairmont Area Schools

District number2752

District phone5072384234

High schoolFairmont Area Schools

SODL flat fee brokerage

$0Estimated buyer credit

SODL platform fee $2,697Your buyer credit $0

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

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Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

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Estimated monthly payment

$604/mo

Principal & interest$472

Property taxes$102

Home insurance (est.)$30

Down payment

$17,980

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.