Listed at
$350,000
$105/sqft

Reiman Fairlakes 2nd

501 S Fairlakes Avenue, Fairmont, MN, 56031
4  Bedrooms3  Bathrooms3,336  Square Feet0.261  Acres
Days on market287
Year built1981
Garage spaces2
TypeResidential
Est. $7,500buyer credit when you buy with SODL
Interested?

Pick a date to request a showing

Cancel anytime, free.

About this home

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.

Contact us

Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1981
LevelsOne
Living area3,336 sqft
Above-grade finished2,094 sqft
Below-grade finished1,242 sqft
Lot size0.261 acres (108 x 127)
Days on market287
ListedDec 15, 2025
MLS #NST7000408
CountyMartin
SubdivisionReiman Fairlakes 2nd
Parcel #232010060

Facts & features

Interior

Bedrooms
4
Bathrooms
3
Bath breakdown
2 full / 1 3/4
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator

Property

Levels / stories
One
Garage
2 spaces · 22 x 22 · 484 sqft
Parking features
Attached Garage, Concrete, Garage Door Opener
Patio & porch
Deck
Other structures
Storage Shed
Waterfront
Association Access, Shared

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Block
Foundation
1,580 sqft
Roof
Asphalt
Year built
1981

Utilities

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

Community & HOA

Subdivision
Reiman Fairlakes 2nd
HOA
No HOA
School district
Fairmont Area Schools

Financial & listing details

Annual tax
$3,887 (2025)
Tax with assessments
3572
Listed
Dec 15, 2025
Days on market
287 · 76 cumulative
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths2
3/4 baths1
Half baths0
1/4 baths0
BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space, Sump Basket, Sump Pump, Tile Shower, Walkout
HeatingForced Air
CoolingCentral Air
Fireplaces1
LaundryIn Basement, Lower Level, Laundry Room, Sink
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
DiningBreakfast Bar, Eat In Kitchen, Kitchen/Dining Room
AmenitiesDeck, Kitchen Center Island, Kitchen Window, Main Floor Primary Bedroom
AccessibilityNone
Special features3 BR on One Level, Main Floor Primary, Main Floor Bedroom, Primary Bdr Suite

Exterior & lot

RoofAsphalt
Foundation area1,580 sqft
Patio/porchDeck
Lot featuresTree Coverage - Light
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Garage Door Opener
Garage spaces2
Garage size484 sqft

Financial details

Annual taxes$3,887
Tax year2025
Taxes w/ assessments3572
Assessment pendingUnknown
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1239
District phone5072384234
High schoolFairmont Area Schools
SODL flat fee brokerage
$7,500Estimated buyer credit
SODL platform fee $3,000Your buyer credit $7,500

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.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$2,280/mo
Principal & interest$1,839
Property taxes$324
Home insurance (est.)$117
%
$70,000
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.

Location

501 S Fairlakes Avenue, Fairmont, MN, 56031

Comparable homes

Listing information

MLS #NST7000408
StatusPending
Last updatedMar 1, 2026, 7:04 PM
Originally listedDec 15, 2025, 11:29 PM
Listing officeEdina Realty

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.