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$299,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,893 Sq. Ft.
  • 3 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 503 Water St

General

  • Price: $299,000
  • Taxes: $1,210 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7047557
  • Updated: 4/2/2026
  • Added to Site: 2 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Gas, Wood-Burning
  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Formal Dining Room: Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Laundry: Electric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup, Electric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Garage Description: 27 x 29
  • Garage Spaces: 3
  • Parking Features: Detached Garage, Tuckunder Garage

Location

  • County: Martin
  • Township: Fairmont
  • Subdivision: Krahmers
  • Driving Directions: Head South on S Prairie until you come to water Street, turn East onto water and the house is mid block.

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: Boiler, Fireplace(s)
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Partially Finished, Storage Space
  • Foundation Size: 600
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 1,893
  • Above Ground: 1,368 Sq. Ft.
  • Below Ground: 600 Sq. Ft.
  • Finished Down/Base.: 1,968 Sq. Ft.
  • Year Built: 1960

Additional Structures

  • Other Structures: Storage Shed

Lot Features

  • Lot Size (Acres): 0.244
  • Lot Dimensions: .244
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $1,210
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash, Rural Development, USDA

Disclosures and Reports

  • Legal Description: KRAHMERS LOT-005 BLOCK-001
  • Property ID: 231600050

Listed by Re/Max Total Realty

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— 503 Water St —

  • Re/Max Total Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 503 Water St

School District:Fairmont Area School District
NameGradesDistance
Fairmont Elementary School
714 Victoria Street, Fairmont, MN 56031
PK-60.4 mi
Fairmont High School
900 Johnson Street, Fairmont, MN 56031
7-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/01/2026
Listed
$299,000
49.5%
MLS
9/29/2021
Sold
$200,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 503 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,210
-50%
$213,600
-9%
2023
$2,402
-8%
$234,800
17%
2022
$2,614
24%
$200,500
-1%
2021
$2,114
6%
$203,000
27%
2020
$1,994
—
$159,900
5%
2019
$1,994
16%
$152,800
14%
2018
$1,716
18%
$134,200
30%
2017
$1,451
13%
$103,200
10%
2015
$1,279
—
$94,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Re/Max Total Realty

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503 Water Street, Fairmont, MN 56031 (MLS# 7047557) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 503 Water Street is currently listed for $299,000 and was received on April 01, 2026. Want to learn more about 503 Water Street? 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.

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