$89,900
Original price: $99,900
2 Beds
1 Bath
1,260 sqft
316 E 2nd St, Fairmont, MN 56031
Est. Mortgage $613/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1890
$71/sqft
Open Parking
Local Information
- Map ViewExplore the area around 316 E 2nd St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Conveniently located close to downtown, this home offers easy access to shopping, dining, parks, and local amenities. The spacious basement provides endless possibilities—whether you're looking to create additional living space, a home office, workout room, or simply enjoy abundant storage. With room to grow and customize, this property is ready for you to make it your own.
Last check for updates: about 21 hours ago
Listing courtesy of Karen L Mussmann, (507) 236-4811
EXIT Realty - Great Plains
Source: NorthstarMLS as distributed by MLS GRID, MLS#7118387
Also Listed on EXIT Realty broker feed, NorthstarMLS as distributed by MLS GRID.
Home Details for 316 E 2nd St
|
|---|
MLS Status: Active |
|
|---|
Interior Details Basement: FullNumber of Rooms: 4Types of Rooms: Bedroom, Bedroom 2, Kitchen, Living Room |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 1260 Square FeetFoundation Area: 1260 |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Fireplace |
Gas & Electric Gas: Natural Gas |
Levels, Entrance, & Accessibility Stories: 1Levels: OneAccessibility: None |
View No View |
|
|---|
Exterior Home Features Patio / Porch: Front Porch |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street |
Frontage Not on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 1260 Square Feet |
|
|---|
Cumulative Days on Market: 1Days on Market: 40 |
|
|---|
Year Built Year Built: 1890 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 230401720 |
|
|---|
Price List Price: $89,900Price Per Sqft: $71 |
|
|---|
Direction & Address City: FairmontCommunity: Village/Fairmont |
School Information High School District: Fairmont Area Schools |
|
|---|
Listing Agent Listing ID: 7118387 |
|
|---|
Building Area Building Area: 2520 Square Feet |
|
|---|
No HOAHOA Fee: No HOA Fee |
|
|---|
Lot Area: 7405.2 sqft |
|
|---|
Contingencies: None |
|
|---|
BasementMls Number: 7118387Above Grade Unfinished Area: 1260 |
Foreclosure Information
Foreclosure Information
9/1/2045 Foreclosed $40,752 The lender has taken ownership of this property through a Foreclosure Auction |
Legal Details
Foreclosure Type Non-Judicial |
Parcel Number 230401720 |
Around this home
What Locals Say about Fairmont
At least 12 Trulia users voted on each feature.
100 % Say there's holiday spirit
92 % Say kids play outside
90 % Say parking is easy
88 % Say streets are well-lit
88 % Say yards are well-kept
86 % Say it's dog friendly
82 % Say it's quiet
82 % Say car is needed
74 % Say people would walk alone at night
71 % Say there are sidewalks
65 % Say neighbors are friendly
53 % Say it's walkable to restaurants
53 % Say they plan to stay for at least 5 years
42 % Say it's walkable to grocery stores
29 % Say there's wildlife
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Fairmont
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
73
2MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Single-Family Home | $50,000 | 02/18/26 | 2 | 1 | 945 | |
0.29 | Single-Family Home | $67,000 | 02/18/26 | 3 | 1 | 1,249 | |
0.43 | Single-Family Home | $84,000 | 06/26/26 | 2 | 1 | 1,344 | |
0.37 | Single-Family Home | $40,000 | 09/12/25 | 2 | 1 | 696 | |
0.17 | Single-Family Home | $92,000 | 05/08/26 | 2 | 2 | 1,614 | |
0.23 | Single-Family Home | $85,000 | 07/21/26 | 2 | 1 | 875 | |
0.38 | Single-Family Home | $74,500 | 12/19/25 | 2 | 1 | 841 | |
0.26 | Single-Family Home | $75,000 | 02/09/26 | 3 | 1.5 | 1,277 | |
0.24 | Single-Family Home | $95,000 | 12/08/25 | 3 | 2 | 1,330 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $191,800 | 2 | 2.5 | 2,134 | Off Market | |
0.07 | $144,600 | 4 | 2 | 2,023 | Off Market | |
0.10 | $150,600 | 3 | 2 | 2,092 | Off Market | |
0.06 | $224,500 | 5 | 2.5 | 2,940 | Off Market | |
0.09 | $169,500 | 4 | 2.5 | 2,098 | Off Market | |
0.14 | $106,700 | 3 | 1 | 1,276 | Off Market | |
0.17 | $113,900 | 2 | 1.5 | 741 | Off Market | |
0.19 | $101,100 | 3 | 1 | 1,504 | Off Market | |
0.17 | $45,000 | 3 | 2 | 1,020 | For Sale | |
0.21 | $167,200 | 4 | 3 | 2,322 | Off Market | |
0.22 | - | 3 | 1 | 1,890 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 1, 2026 Source: NorthstarMLS as distributed by MLS GRID #7118387 | PriceChange | $89,900 Price decreased by 10% |
Jul 30, 2026 Source: NorthstarMLS as distributed by MLS GRID #7118387 | Listed For Sale | $99,900 |
Jan 6, 2026 Source: N/A | Sold | $40,752 |
Dec 13, 2016 Source: N/A | Sold | $35,000 |
Sep 27, 2015 Source: Agent Provided | ListingRemoved | $47,900 |
Jun 30, 2015 Source: Agent Provided | Listed For Sale | $47,900 |
Oct 5, 2013 Source: Agent Provided | ListingRemoved | $45,000 |
Sep 25, 2013 Source: Agent Provided | PriceChange | $45,000 Price decreased by 4% |
Apr 11, 2013 Source: Agent Provided | PriceChange | $46,900 Price decreased by 6% |
Mar 19, 2013 Source: Agent Provided | Listed For Sale | $49,900 |
Aug 14, 2007 Source: N/A | Sold | $49,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,128 | $78,600 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Karen L Mussmann, EXIT Realty - Great Plains
Agent Phone: (507) 236-4811
Based on information submitted to the MLS GRID as of 2026-09-07 16:53:00 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
Similar Homes You May Like
AUCTION
AUCTION1.19 ACRES
See more homes for sale inFairmont
New Listings near 316 E 2nd St
Frequently asked questions about 316 E 2nd St
- What is the estimated monthly payment for 316 E 2nd St?Based on a $89,900 list price with 20% down at today's rates, the estimated monthly payment for 316 E 2nd St in Fairmont, MN is approximately $625 (about $477 principal & interest, $73 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Fairmont?Residents describe Fairmont, MN as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Fairmont, MN.
- What are the closest schools to 316 E 2nd St?The closest schools to 316 E 2nd St in Fairmont, MN are Fairmont Elementary School (Pre-K, rated 3/10), Fairmont High School (Middle, rated 6/10).
- Does 316 E 2nd St have air conditioning?Yes, 316 E 2nd St in Fairmont, MN has air conditioning.
- How big is the lot at 316 E 2nd St?The lot at 316 E 2nd St in Fairmont, MN is about 0.17 acres (7,405 sq ft).
- Does 316 E 2nd St have parking?Yes, 316 E 2nd St in Fairmont, MN has on-site parking.
316 E 2nd St, Fairmont, MN 56031 is a 2 bedroom, 1 bathroom, 1,260 sqft single-family home built in 1890. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jul 30, 2026. The MLS # for this home is MLS# 7118387.