OFF MARKET

Off market may 2023 for $395K

$436,930

Est. refi paymentEst. refi $2,676/mo

•

—

sq ft

555 Lake Aires Rd, Fairmont, MN 56031

About this home

You’ve just stumbled across a rare find! Enjoy country living outside of city limits with the convenience of being close to town! This home is within walking distance to Cedar Creek Park. This home boasts 4 bedrooms and a total of 4 bathrooms. The main floor features a newer addition with an open concept kitchen, informal dining, and large family room along with a ¾ handicap accessible bathroom. Enjoy the natural light that beams in from the large windows overlooking the deck. The primary bedroom is on the main floor and has a private bath with large custom shower and walk in closet. Formal dining room (with fireplace), living room and additional bedroom also on the main. Upstairs houses 2 more bedrooms and full bath. The basement has a large family room, ½ bath and tons of storage.

Single-familyProperty Type

1922Year Built

2 acresLot Size

4 car garageParking

Listed by Yvonne Cone • RE/MAX TOTAL REALTY

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6344454

Redfin Estimate

$436,930

$41K since sold in May 2023$7,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 32.7% higher than the average sale price ($329K) of 6 comparable homes.

SOLD JUN 12, 2026
$438,000
A
3 beds2 baths— sq ft
767 Shoreacres Dr, Fairmont, MN 56031
SOLD SEP 30, 2026
$289,000
B
4 beds3 baths— sq ft
684 Shoreacres Dr, Fairmont, MN 56031
SOLD SEP 8, 2026
$262,500
C
4 beds3 baths— sq ft
3613 Cedar Park Rd, Fairmont, MN 56031
SOLD JUL 21, 2026
$350,000
D
4 beds3 baths— sq ft
1910 Knollwood Dr, Fairmont, MN 56031
SOLD JUN 12, 2026
$386,000
E
4 beds3 baths— sq ft
1600 S Prairie Ave, Fairmont, MN 56031
SOLD OCT 2, 2026
$250,000
F
3 beds3 baths— sq ft
1950 Knollwood Dr, Fairmont, MN 56031

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,351/mo

Redfin rental estimate

List your home for rent

Market trends in 56031, MN

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

97.1%

1.9% MoM

Median sale price

$189K

$97 MoM

Avg. days on market

45d

8 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 5 HRS AGO
$130,000
3 beds2 baths1,493 sq ft
222 Victoria St, Fairmont, MN 56031
NEW 17 HRS AGO
$174,900
2 beds2 baths1,182 sq ft
101 Albion Ave #307, Fairmont, MN 56031
COMING SOON
$424,900
3 beds2 baths1,838 sq ft
1410 Lucia Ave, Fairmont, MN 56031
$129,900
5 beds2 baths1,907 sq ft
1918 Albion Ave, Fairmont, MN 56031
See all

Provided by Redfin

Sale history for 555 Lake Aires Rd

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6344454

May 15, 2023

Sold

$395,500

Mar 30, 2023

Pending

—

Mar 23, 2023

Listed

$369,000

RASM #7031858

May 15, 2023

Sold

$395,500

Mar 23, 2023

Listed

$369,000

+45

Public Records

Mar 25, 2019

Sold

$273,000

NORTHSTARMLS as Distributed by MLS Grid #5166486

Feb 2, 2019

Listing Removed

—

Mar 27, 2017

Listed

$279,900

NORTHSTARMLS as Distributed by MLS Grid #5166190

Feb 2, 2019

Listing Removed

—

Sep 13, 2016

Listed

$324,900

Public Records

May 15, 2002

Sold

$105,000

Year

Property tax

Land + Additions

Assessment*

2026

$3,726 (+30.3%)

$70,000 + $339,800

$409,800

2025

$2,860 (+4.8%)

2024

$2,730 (−7.1%)

2023

$2,940 (+58.4%)

2022

$1,856 (+9.4%)

2021

$1,696 (+5.3%)

2020

$1,610 (−1.6%)

2019

$1,636 (−3.9%)

2018

$1,702 (+15.2%)

$27,810 + $121,890

$149,700

2017

$1,478 (+10.3%)

$27,810 + $121,890

$149,700

2015

$1,340 (−2.6%)

$17,980 + $126,120

$144,100

2014

$1,376

$15,671 + $122,529

$138,200

Tax history for 555 Lake Aires Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,726 (+30.3%)

$70,000 + $339,800

$409,800

2025

$2,860 (+4.8%)

2024

$2,730 (−7.1%)

2023

$2,940 (+58.4%)

2022

$1,856 (+9.4%)

2021

$1,696 (+5.3%)

2020

$1,610 (−1.6%)

2019

$1,636 (−3.9%)

2018

$1,702 (+15.2%)

$27,810 + $121,890

$149,700

2017

$1,478 (+10.3%)

$27,810 + $121,890

$149,700

2015

$1,340 (−2.6%)

$17,980 + $126,120

$144,100

2014

$1,376

$15,671 + $122,529

$138,200

*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

1.25

Lot width

—

Lot depth

—

Lot size

1 Acre

Year renovated

—

Sq. Ft.

3,129

Year built

1922

Style

Single Family Residential

County

Martin County

APN

050311300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 2026.

Property details

Parking

Parking Information
Parking Features: Attached Garage, Detached, Gravel, Concrete, Garage Door Opener, Heated Garage, Multiple Garages, RV Access/Parking
Garage Spaces: 4
Garage Dimensions: 30x26
Garage Sq. Ft.: 780
Carport Spaces: 0

Interior

Bedroom Information
# of Bedrooms: 4

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
# of Half Baths (Total): 1
Description: 1/2 Basement,3/4 Primary,Private Primary,Main Floor 3/4 Bath

Room 1 Information
Room Type: Informal Dining Room
Room Dimensions: 13x16
Room Level: Main

Room 2 Information
Room Type: Living Room
Room Dimensions: 23x12
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Dimensions: 10x14
Room Level: Main

Room 4 Information
Room Type: Dining Room
Room Dimensions: 14x14
Room Level: Main

Room 5 Information
Room Type: Family Room
Room Dimensions: 17x12
Room Level: Main

Room 6 Information
Room Type: Bedroom 1
Room Dimensions: 14x13
Room Level: Main

Room 7 Information
Room Type: Bedroom 2
Room Dimensions: 13x14
Room Level: Main

Room 8 Information
Room Type: Bedroom 3
Room Dimensions: 9x10
Room Level: Upper

Room 9 Information
Room Type: Bedroom 4
Room Dimensions: 18x12
Room Level: Upper

Basement Information
Has Basement
Basement Features: Block, Partially Finished, Storage Space, Sump Pump

Dining Room Information
Dining Room Features: Informal Dining Room,Kitchen/Dining Room,Separate/Formal Dining Room

Other Rooms Information
Main Floor Bedroom,Main Floor Laundry,Renovated

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning

Heating & Cooling
Heating Information: Forced Air, Radiant Floor
Cooling Information: Central Air

Interior Features
Room Type: Informal Dining Room, Living Room, Kitchen, Dining Room, Family Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Appliances: Cooktop, Dishwasher, Double Oven, Exhaust Fan, Water Osmosis System, Refrigerator, Stainless Steel Appliances, Wall Oven, Water Softener Rented

Exterior

Building Information
Construction Materials: Vinyl Siding
Foundation Area: 1,608
Roof: Age Over 8 Years, Asphalt

Exterior Features
Patio Porch Type: Deck,Enclosed
Fencing: Partial

Property Information
Above Ground Total Sq. Ft.: 2,380
Below Ground Total Sq. Ft.: 1,608
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Property Sub Type Description: Acreage
Other Structures: Additional Garage
Accessibility Features: Fully Wheelchair, Partially Wheelchair, Wheelchair Ramp(s), Roll-In Shower
Has Additional Parcels
Above Grade Finished Area: 2,380
Below Grade Finished Area: 825
Amenities: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Paneled Doors,Washer/Dryer Hookup,Walk-In Closet

Lot Information
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Dimensions: 2 acres
Road Frontage Type: City Street, Curbs, Paved Streets, Street Lights, Storm Sewer
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $2,104
Tax Year: 2022
Tax With Assessments: $2,104

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: Private
Electric: Circuit Breakers
Power Company Name: Federated Rural Electric
Sewer: Private Sewer, Tank with Drainage Field
Fuel: Natural Gas

Location

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

Location Information
Directions: Head West on Lake Aires Road, home is located on the south side of the road
Map Coordinate: 999-A1

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 3,129
Stories: 1.25
Lot Size: 1 acres
Style: Single Family Residential
Year Built: 1922
Year Renovated: —
County: Martin County
APN: 050311300

Home facts updated by county records on Sep 28, 2026

Other

Home Information
Living Area: 3205
Main Level Finished Area: 1608.0000
Building Area Total: 3988
Foundation Dimensions: 1608
Age Of Property: 103
Levels: One and One Half

Around this home

Schools

K - 12
Preschool & daycare

Fairmont Elementary School

Public PreK-6 • Assigned • 3.4mi

3/10

Fairmont High School

Public 7-12 • Assigned • 2.9mi

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 99° expected this year, 16 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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New listings for sale in 56031

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Home values near 555 Lake Aires Rd

Data from public records.

Address	Redfin Estimate
510 Lake Aires Rd, Fairmont, MN 4 Beds \| 3 Baths \| 1248 Sq. Ft.	$287,988
420 Lake Aires Rd, Fairmont, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$448,224
3815 Cedar Creek Ct, Fairmont, MN 4 Beds \| 4 Baths \| - Sq. Ft.	$413,633
102 Cedar Bluff Dr, Fairmont, MN 5 Beds \| 4 Baths \| 4149 Sq. Ft.	$716,601
3806 Cedar Creek Ct, Fairmont, MN 3 Beds \| 3 Baths \| 1891 Sq. Ft.	$328,121
3805 Cedar Park Rd, Fairmont, MN 4 Beds \| 3 Baths \| 1822 Sq. Ft.	$388,939
3817 Cedar Park Rd, Fairmont, MN 6 Beds \| 3 Baths \| 2575 Sq. Ft.	$436,601

Address	Redfin Estimate
561 Lake Aires Rd, Fairmont, MN 4 Beds \| 1 Baths \| 975 Sq. Ft.	$221,316
3823 Cedar Creek Ct, Fairmont, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$409,080
3814 Cedar Creek Ct, Fairmont, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$334,452
3810 West Amber Lake Dr, Fairmont, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$279,042
3810 Cedar Creek Ct, Fairmont, MN 3 Beds \| 3 Baths \| 1755 Sq. Ft.	$331,232
3824 Cedar Creek Ct, Fairmont, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$294,489
3819 Cedar Creek Ct, Fairmont, MN 4 Beds \| 4 Baths \| 3828 Sq. Ft.	$430,238

Address	Redfin Estimate
538 Lake Aires Rd, Fairmont, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$205,797
3818 Cedar Creek Ct, Fairmont, MN 4 Beds \| 2 Baths \| 2170 Sq. Ft.	$352,626
3814 West Amber Lake Dr, Fairmont, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$268,010
3816 West Amber Lake Dr, Fairmont, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$269,247
3811 Cedar Park Rd, Fairmont, MN 4 Beds \| 3 Baths \| 3077 Sq. Ft.	$463,580
3815 Cedar Park Rd, Fairmont, MN 3 Beds \| 3 Baths \| 1906 Sq. Ft.	$394,164
3811 Cedar Creek Ct, Fairmont, MN 3 Beds \| 3 Baths \| 2193 Sq. Ft.	$353,393

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2023. 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 555 Lake Aires Rd

Tax history for 555 Lake Aires 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 555 Lake Aires Rd

More real estate resources