Date
Details
Price
Change
Source
12/15/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$350,000
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Property Description
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.
Full Property Details
Full Property Details for 501 S Fairlakes Ave
General
- Price: $350,000
- Taxes: $3,887 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7000408
- Updated: 12/16/2025
- Added to Site: 34 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Gas
- Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Eat-in kitchen: Yes
- Dining Room: Breakfast Bar, Eat-In Kitchen, Kitchen/Dining Room
- Formal Dining Room: Breakfast Bar, Eat In Kitchen, Kitchen/Dining Room
- Laundry: In Basement, Lower Level, Laundry Room, Sink, In Basement, Lower Level, Laundry Room, Sink
Additional Information
- Amenities: Deck, Kitchen Center Island, Kitchen Window, Main Floor Primary Bedroom
Exterior
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 22 x 22
- Garage Spaces: 2
- Parking Features: Attached Garage, Concrete, Garage Door Opener
Location
- County: Martin
- Township: Fairmont
- Subdivision: Reiman Fairlakes 2nd
- Driving Directions: Go west on Woodland Ave., take a right onto Fairlakes. The house is on the right hand side.
School Information
- School District: 1239 - Fairmont Area Schools
- High School District: Fairmont Area Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Block
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Daylight/Lookout Windows, Egress Window(s), Finished, Full, Storage Space, Sump Basket, Sump Pump, Tile Shower, Walk-Out
- Foundation Size: 1580
- Roof: Asphalt
- Disability Access: None
- Square Feet: 3,336
- Above Ground: 2,094 Sq. Ft.
- Below Ground: 1,580 Sq. Ft.
- Year Built: 1981
Additional Structures
- Other Structures: Storage Shed
Lot Features
- Lot Size (Acres): 0.261
- Lot Dimensions: 108 x 127
- Zoning: Residential-Single Family
- Lot Description: Light Tree Coverage
Water Features
- Water Front Desc.: Association Access, Shared
Financial Considerations
- Tax Amount: $3,887
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash, Rural Development, USDA
Disclosures and Reports
- Legal Description: REIMAN FAIRLAKES 2ND LOT-006 BLOCK-001
- Property ID: 232010060
Listed by Edina Realty
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Listing agent
— 501 S Fairlakes Ave —
Edina Realty
NMLS#: 1598647
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Schools
Schools serving 501 S Fairlakes Ave
School District:Fairmont Area School District
| Name | Grades | Distance |
|---|---|---|
Fairmont Elementary School 714 Victoria Street, Fairmont, MN 56031 | PK-6 | 1.2 mi |
Fairmont High School 900 Johnson Street, Fairmont, MN 56031 | 7-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 S Fairlakes Ave
Tax History
Tax History for 501 S Fairlakes Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,956
11%
$304,700
—
2023
$3,572
-5%
$304,800
7%
2022
$3,752
25%
$285,700
2%
2021
$2,990
4%
$279,800
30%
2020
$2,868
—
$215,100
—
2019
$2,868
9%
$215,100
12%
2018
$2,638
16%
$192,700
17%
2017
$2,279
4%
$165,200
—
2015
$2,189
—
$165,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 S Fairlakes Ave
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- Single Family
- Active
- 3Beds
- 2Total Baths
- 1,990Sq. Ft.
Listed by Re/Max Total Realty
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,312Sq. Ft.
Listed by True Real Estate
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,244Sq. Ft.
Listed by EXIT Realty - Great Plains
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,682Sq. Ft.
Listed by Beycome Brokerage Realty LLC
- Single Family
- Active
- Updated 3 days ago
- 1Total Bath
Listed by Re/Max Total Realty
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 3,934Sq. Ft.
Listed by Beycome Brokerage Realty LLC
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- Single Family
- Closed
- 2Beds
- 1Total Bath
- 1,600Sq. Ft.
Listed by EXIT Realty - Great Plains
Sold by Re/Max Total Realty
Sold by Re/Max Total Realty
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,669Sq. Ft.
Listed by CENTURY 21 Northland Realty
Sold by Krueger Realty, Inc.
Sold by Krueger Realty, Inc.
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 2,543Sq. Ft.
Listed and Sold by Re/Max Total Realty
- Commercial
- Closed
- 4,600Sq. Ft.
- 0.21Acres
Listed by True Real Estate
Non-MLS
Non-MLS
501 S Fairlakes Avenue, Fairmont, MN 56031 (MLS# 7000408) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 501 S Fairlakes Avenue is currently listed for $350,000 and was received on December 15, 2025. Want to learn more about 501 S Fairlakes Avenue? Do you have questions about finding other Single Family real estate for sale in Fairmont? You can browse all Fairmont real estate or contact a Coldwell Banker agent to request more information.