Sold / Closed
$280,000

Sold price · Closed Jun 5, 2026

$158/sqft

Krahmers

503 Water Street, Fairmont, MN, 56031
3  Bedrooms2  Bathrooms1,893  Square Feet0.244  Acres
Days on market47
Year built1960
Garage spaces3
TypeResidential
Est. $5,970buyer credit when you buy with SODL

About this home

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.

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1960
LevelsThree Level Split
Living area1,893 sqft
Above-grade finished1,368 sqft
Below-grade finished525 sqft
Lot size0.244 acres (.244)
Days on market47
ListedApr 1, 2026
MLS #NST7047557
CountyMartin
SubdivisionKrahmers
Parcel #231600050

Facts & features

Interior

Bedrooms
3
Bathrooms
2
Bath breakdown
1 full / 1 3/4
Heating
Boiler, Fireplace(s)
Cooling
Central Air
Appliances
Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven

Property

Levels / stories
Three Level Split
Garage
3 spaces · 27x29 · 783 sqft
Parking features
Detached Garage, Tuckunder Garage
Patio & porch
Patio
Exterior features
Metal
Fencing
Partial

Construction

Property type
Residential
Property subtype
Single Family
Foundation
Block · 600 sqft
Roof
Asphalt
Year built
1960

Utilities

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

Community & HOA

Subdivision
Krahmers
HOA
No HOA
School district
2752 - Fairmont Area Schools
High school district
Fairmont Area Schools

Financial & listing details

Annual tax
$1,210 (2025)
Listed
Apr 1, 2026
Days on market
47
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths1
3/4 baths1
Half baths0
1/4 baths0
BasementBlock, Partially Finished, Storage Space
HeatingBoiler, Fireplace(s)
CoolingCentral Air
Fireplaces2
LaundryElectric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup
AppliancesDishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven
DiningInformal Dining Room, Kitchen/Dining Room, Living/Dining Room
AccessibilityNone
Special features3 BR on One Level

Exterior & lot

ExteriorMetal
RoofAsphalt
FoundationBlock
Foundation area600 sqft
Patio/porchPatio
Lot featuresTree Coverage - Medium
Road frontageCity Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingDetached Garage, Tuckunder Garage
Garage spaces3
Garage size783 sqft

Financial details

Annual taxes$1,210
Tax year2025
Taxes w/ assessments1210
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District2752 - Fairmont Area Schools
District number2752
District phone5072384234
High schoolFairmont Area Schools
SODL flat fee brokerage
$5,970Estimated buyer credit
SODL platform fee $3,000Your buyer credit $5,970

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

$1,772/mo
Principal & interest$1,571
Property taxes$101
Home insurance (est.)$100
%
$59,800
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

503 Water Street, Fairmont, MN, 56031

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Listing information

MLS #NST7047557
StatusClosed
Last updatedJun 5, 2026, 2:25 PM
Originally listedApr 1, 2026, 6:06 PM
Listing officeRE/MAX TOTAL 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.