OFF MARKET

Off Market Sep 2018 for $306K

$470,769

•

—

sq ft

492 W Lair Rd, Fairmont, MN 56031

About this home

If you are looking for a little bit of everything in a property.......you need to check this one out! This property sits on 1.7 acres (2 lots) and has lake view and access across Lair road. Currently no stairs to the lake. There is a barn with a loft that was used as an amazing entertaining place for both adults and kids. There is a double attached garage on the house along with a shop. The house has 3 bedrooms on the main with the master having 3 closets and a gas fireplace. The main floor also features a large living room and season porch and deck overlooking the lake. The basement is finished and is a walk-out. There is a non-legal bedroom and a 3/4 bath, bar and laundry area as well. This is such a tranquil spot! Don't miss out on this one!!

Single-familyProperty Type

1915Year Built

1.7 acresLot Size

2 car garageParking

Listed by Yvonne Cone • CENTURY 21 Northland Realty

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5190657

Redfin Estimate

$470,769

$165K since sold in September 2018$8,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 80% higher than the average sale price ($262K) of 6 comparable homes.

SOLD AUG 10, 2026
$182,500
A
3 beds3 baths— sq ft
848 S Park St, Fairmont, MN 56031
SOLD JUN 12, 2026
$438,000
B
3 beds2 baths— sq ft
767 Shoreacres Dr, Fairmont, MN 56031
SOLD JUL 9, 2026
$194,900
C
3 beds3 baths— sq ft
864 Redwood Dr, Fairmont, MN 56031
SOLD JUN 23, 2026
$300,000
D
4 beds2 baths— sq ft
966 Albion Ave, Fairmont, MN 56031
SOLD JUL 10, 2026
$255,000
E
6 beds2 baths— sq ft
1115 Albion Ave, Fairmont, MN 56031
SOLD JUN 30, 2026
$199,000
F
3 beds2 baths— sq ft
414 S Dewey St, Fairmont, MN 56031

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$2,049/mo

Redfin rental estimate

List your home for rent

Market trends in 56031, MN

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.2%

1.3% MoM

Median sale price

$160K

$14K MoM

Avg. days on market

47d

11 days MoM

Recently sold homes

12 MoM

New listings for sale

$125,000
2 beds1 bath1,374 sq ft
2679 Albion Ave #203, Fairmont, MN 56031
$37,000
1 bed1 bath608 sq ft
214 E 8th St, Fairmont, MN 56031
$254,500
4 beds3 baths2,857 sq ft
841 Redwood Dr, Fairmont, MN 56031
$244,900
5 beds2 baths2,539 sq ft
609 Washington Ave, Fairmont, MN 56031
$189,900
2 beds2 baths1,694 sq ft
455 Ward St, Fairmont, MN 56031
$434,900
3 beds3 baths2,266 sq ft
2526 Albion Ave, Fairmont, MN 56031
$849,000
4 beds4 baths3,432 sq ft
1210 Albion Ave, Fairmont, MN 56031
$189,000
3 beds2 baths2,158 sq ft
106 Webster St, Fairmont, MN 56031
$159,900
3 beds2 baths1,114 sq ft
127 Lake Park Blvd, Fairmont, MN 56031
See all

Provided by Redfin

Sale history for 492 W Lair Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5190657

Feb 2, 2019

Listing Removed

—

Sep 6, 2018

Sold

$306,000

May 16, 2018

Listed

$329,500

NORTHSTARMLS as Distributed by MLS Grid #5161503

Feb 2, 2019

Listing Removed

—

Mar 31, 2011

Listed

$320,000

Public Records

Sep 7, 2018

Sold

$306,000

NORTHSTARMLS as Distributed by MLS Grid #WCMN37789

Mar 31, 2011

Listed

$320,000

NORTHSTARMLS as Distributed by MLS Grid #RASM124059

Apr 2, 2010

Listed

$320,000

NORTHSTARMLS as Distributed by MLS Grid #RASM121010

Jun 4, 2009

Listed

$365,500

Year

Property tax

Land + Additions

Assessment*

2025

$590 (+67.6%)

$19,900 + $23,900

$43,800

2024

$352 (−10.7%)

2023

$394 (+13.2%)

2022

$348 (+12.3%)

2021

$310 (−3.1%)

$11,200 + $11,000

$22,200

2020

$320 (+2.6%)

$10,900 + $11,100

$22,000

2019

$312 (−16.1%)

$10,900 + $11,100

$22,000

2018

$372 (+7.5%)

$9,900 + $15,600

$25,500

2017

$346 (−22.8%)

$9,900 + $15,600

$25,500

2015

$448 (+1.8%)

$22,500 + $15,100

$37,600

2014

$440

$20,500 + $14,300

$34,800

Tax history for 492 W Lair Rd

Year

Property tax

Land + Additions

Assessment*

2025

$590 (+67.6%)

$19,900 + $23,900

$43,800

2024

$352 (−10.7%)

2023

$394 (+13.2%)

2022

$348 (+12.3%)

2021

$310 (−3.1%)

$11,200 + $11,000

$22,200

2020

$320 (+2.6%)

$10,900 + $11,100

$22,000

2019

$312 (−16.1%)

$10,900 + $11,100

$22,000

2018

$372 (+7.5%)

$9,900 + $15,600

$25,500

2017

$346 (−22.8%)

$9,900 + $15,600

$25,500

2015

$448 (+1.8%)

$22,500 + $15,100

$37,600

2014

$440

$20,500 + $14,300

$34,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.61 Acres

Year renovated

—

Sq. Ft.

1,144

Year built

1915

Style

Single Family Residential

County

Martin County

APN

230660010

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

Property details

Parking

Parking Information
Parking Features: Attached Garage, Detached, Asphalt, Garage Door Opener
Garage Spaces: 2

Interior

Bedroom Information
# of Bedrooms: 3

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 1
Description: 3/4 Basement,Main Floor Full Bath

Room 1 Information
Room Type: Dining Room
Room Dimensions: 12X10
Room Level: Main

Room 2 Information
Room Type: Family Room
Room Dimensions: 27X10

Room 3 Information
Room Type: Bedroom 1
Room Dimensions: 23X14
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 11X9
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Dimensions: 25X13
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 16X15
Room Level: Main

Room 7 Information
Room Type: Sun Room
Room Dimensions: 16X10
Room Level: Main

Room 8 Information
Room Type: Bedroom 3
Room Dimensions: 12X11
Room Level: Main

Basement Information
Basement Features: Block, Finished, Full, Walkout

Dining Room Information
Dining Room Features: Eat In Kitchen,Kitchen/Dining Room

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air

Interior Features
Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Sun Room
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Water Filtration System, Microwave, Range, Refrigerator, Trash Compactor, Washer

Exterior

Building Information
Construction Materials: Wood Siding
Roof: Asphalt

Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Water Body Name: Hall
Waterfront Num: 46003100
Lake Acres: 548
Lake Bottom: Rocky
Lake Classification: General Development
Lake Depth: 27
Waterfront Feet: 188
Road Between Waterfront And Home Y/N: Yes

Property Information
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Additional Garage, Storage Shed
Has Additional Parcels
Above Grade Finished Area: 1,556
Below Grade Finished Area: 1,192
Amenities: Cable,Ceiling Fan(s),Deck,Natural Woodwork,Porch,Washer/Dryer Hookup

Lot Information
Lot Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Lot Size Area: 1.7
Lot Size Units: Acres
Lot Size Dimensions: 113x228 & 212x236
Road Frontage Type: City Street, Curbs, Paved Streets

Financial

Tax Information
Tax Annual Amount: $3,906
Tax Year: 2018
Tax With Assessments: $3,906

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

School Information
High School District: Fairmont Area Schools
School District Number: 2752
School District Phone: 507-238-4234

Public facts

Beds: —
Baths: 1.0
Sq. Ft.: 1,144
Stories: 2.0
Lot Size: 0.61 acres
Style: Single Family Residential
Year Built: 1915
Year Renovated: —
County: Martin County
APN: 230660010

Home facts updated by county records on Jul 10, 2026

Other

Home Information
Living Area: 2748
Main Level Finished Area: 1556.0000
Building Area Total: 2748
Levels: One

Around this home

Schools

Fairmont Elementary School

Public PreK-6 • Assigned • 1.4mi

3/10

Fairmont High School

Public 7-12 • Assigned • 1.0mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Fairmont, MN • 56031

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

10.3 hrs

3.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 492 W Lair Rd

Data from public records.

Address	Redfin Estimate
451 West Lair Rd, Fairmont, MN 4 Beds \| 2 Baths \| 1638 Sq. Ft.	$263,924
1701 Knollwood Dr, Fairmont, MN 3 Beds \| 3 Baths \| 1952 Sq. Ft.	$407,709

Address	Redfin Estimate
600 West Lair Rd, Fairmont, MN 4 Beds \| 4 Baths \| 2537 Sq. Ft.	$548,803
1620 Knollwood Dr, Fairmont, MN 4 Beds \| 3 Baths \| 2530 Sq. Ft.	$425,476

Address	Redfin Estimate
552 West Lair Rd, Fairmont, MN 4 Beds \| 3 Baths \| 4930 Sq. Ft.	$765,618
1601 Patriot Dr, Fairmont, MN 4 Beds \| 2 Baths \| - Sq. Ft.	$456,510

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2018. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 56031, MN

Sale history for 492 W Lair Rd

Tax history for 492 W Lair Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 56031

Home values near 492 W Lair Rd

More real estate resources