This home's estimate is 76% higher than the average sale price ($274K) of 6 comparable homes.
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- Sale & tax history
- Property details
- Neighborhood
- Climate
322 Lake Aires Rd, Fairmont, MN 56031
About this home
INCOME AWAITS YOU! This is a beautiful property nestled on the lake with a breathtaking view. Private Amber Lake makes this a great spot to fish, boat, or just lay on the lake and relax. Yes it needs some updating but this could be the perfect spot to live and rent the rest out or just be a great landlord with a beautiful place for the tenants. The bedrooms are magnificent with size there are ceiling fans in just about every room. Each unit has its own laundry and utility. West upper unit and lower unit have their own attached garage. Tons of storage also. *This is a Fannie Mae HomePath property. *Purchase this property for as little as 3% down. *This property is approved for HomePath Renovation Mortgage Financing.
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Last updated October 2026
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Sale history for 322 Lake Aires Rd
Tax history for 322 Lake Aires Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Attached Garage, Gravel, Concrete, Tuckunder Garage
- Garage Spaces: 3
Interior
- Basement Information
- Basement Features: Block, Finished, Full, Walkout
- Heating & Cooling
- Heating Information: Forced Air
Exterior
- Building Information
- Construction Materials: Wood Siding
- Foundation Area: 1,598
- Roof: Asphalt
- Waterfront Information
- On Waterfront
- Waterfront Features: Lake Front
- Water Body Name: Amber
- Waterfront Num: 46003400
- Lake Acres: 182
- Lake Bottom: Sand
- Lake Classification: General Development
- Lake Depth: 19
- Road Between Waterfront And Home Y/N: No
- Property Information
- FractionalOwnershipYN: No
- Property Type: Residential Income
- Property Sub Type: Triplex
- Above Grade Finished Area: 2,400
- Below Grade Finished Area: 1,598
- Lot Information
- Lot Features: Accessible Shoreline, Tree Coverage - Light
- Lot Size Units: Acres
- Lot Size Dimensions: 138x105
- Road Frontage Type: City Street, Curbs, Paved Streets
Financial
- Tax Information
- Tax Annual Amount: $4,206
- Tax Year: 2012
- Tax With Assessments: $4,206
- Lease / Rent Details
- RentalLicense Y/N: No
- Tenant Pays: Cable TV, Electricity, Janitorial Service, Grounds Care, Snow Removal, Trash Collection, Water
Utilities
- Utility Information
- Water Source: City Water/Connected
- Sewer: City Sewer/Connected
- Fuel: Natural Gas
Location
- Multi-Family Financial Information
- Owner Pays: Repairs, Snow Removal
- Multi-Unit Information
- # of Units (Total): 3
- Unit Type 1 Information
- Sq. Ft.: 1,200
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Dryer, Range
- Unit Type 3 Information
- Sq. Ft.: 1,598
- # of Rooms Total: 5
- # of Bedrooms: 1
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Dishwasher
- Unit Type 4 Information
- Sq. Ft.: 1,200
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Range
- School Information
- High School District: Fairmont Area Schools
- School District Number: 2752
- School District Phone: 507-238-4234
- Location Information
- Directions: Highway 15 South to Lake Aires Rd Go West property will be on the right.
Public facts
- Beds: 4
- Baths: 4.0
- Sq. Ft.: 3,250
- Stories: 1.0
- Lot Size: 0.36 acres
- Style: Single Family Residential
- Year Built: 1958
- Year Renovated: —
- County: Martin County
- APN: 232300270
Other
- Home Information
- Living Area: 3998
- Levels: Two
Around this home
Schools
Public PreK-6 • Assigned • 3.2mi
Public 7-12 • Assigned • 2.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 98° expected this year, 16 days in 30 years
Minor risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 10.3 hours in June and 3.9 hours in December, which is comparable to the U.S. average for solar exposure.
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Home values near 322 Lake Aires Rd
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5 Beds | 6 Baths | - Sq. Ft. | $980,807 |
3 Beds | 3 Baths | 2250 Sq. Ft. | $506,722 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | - Sq. Ft. | $470,565 |
3 Beds | 2 Baths | 2292 Sq. Ft. | $437,090 |
| Address | Redfin Estimate |
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3 Beds | 3 Baths | 2048 Sq. Ft. | $366,828 |
3 Beds | 3 Baths | 2921 Sq. Ft. | $606,637 |
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