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 $952 (2025).

What school district is this property in?

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

Does this home have a garage?

Yes, this home has a 1-car garage.

How long has this property been on the market?

This property has been listed for 54 days.

Listed at

$117,000

$97/sqft

Gilberts

720 E 3rd Street, Fairmont, MN, 56031

3 Bedrooms2 Bathrooms1,204 Square Feet0.151 Acres

Days on market54

Year built1920

Garage spaces1

TypeResidential

Est. $510buyer credit when you buy with SODL

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About this home

This inviting home offers updated flooring, a spacious living area, and a layout that feels both comfortable and functional. With 2 bedrooms and 2 baths, it’s sized right for everyday living while still offering room to grow. A usable basement adds storage, hobby space, or future finishing potential, and the large upstairs area provides a flexible bonus space for work, play, or guests. Outside, the detached garage delivers convenience and extra storage. A solid, versatile home with features that fit a wide range of needs.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1920

LevelsOne and One Half

Living area1,204 sqft

Above-grade finished1,204 sqft

Below-grade finished0 sqft

Lot size0.151 acres (54x122)

Days on market54

ListedMay 28, 2026

MLS #NST7082853

CountyMartin

SubdivisionGilberts

Parcel #231210210

Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Bath breakdown: 1 full / 1 half
Heating: Forced Air
Cooling: Central Air
Basement: Block · 0 sqft finished

Property

Levels / stories: One and One Half
Garage: 1 space · 384 sqft
Parking features: Detached Garage
Exterior features: Stucco
Lot size: 0.151 acres
Lot dimensions: 54x122

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 1,088 sqft
Year built: 1920

Utilities

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

Community & HOA

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

Financial & listing details

Annual tax: $952 (2025)
Listed: May 28, 2026
Days on market: 54 · 32 cumulative
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths0

Half baths1

1/4 baths0

BasementBlock

HeatingForced Air

CoolingCentral Air

AccessibilityNone

Exterior & lot

ExteriorStucco

FoundationBlock

Foundation area1,088 sqft

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage

Garage spaces1

Garage size384 sqft

Financial details

Annual taxes$952

Tax year2025

Taxes w/ assessments952

Assessment pendingUnknown

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

$510Estimated buyer credit

SODL platform fee $3,000Your buyer credit $510

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.

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

$733/mo

Principal & interest$615

Property taxes$79

Home insurance (est.)$39

Down payment

$23,400

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.