$91,658 EMV

Single-Family
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E 11th St
Fairmont, MN 56031

Overview

This Single-Family Foreclosure is located at E 11th St, Fairmont, MN 56031. This property is currently bank owned with an estimated market value of $91,658.
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Status: Active
Listing ID: 63556059
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Learn about E 11th St in Fairmont, MN

This single-family property is available as a foreclosure at E 11th St. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Fairmont, specifically for E 11th St and comparable listings. Based on this expert analysis, the estimated market value is $91,658. If purchased for rental purposes, the monthly rental rate could range between $730 and $991, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on E 11th St are updated daily along with others in Fairmont, Minnesota, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for E 11th St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

E 11th St in Fairmont Minnesota Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on E 11th St
View Foreclosure Status
05/01/25
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
03/07/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Fairmont, MN like?

Fairmont, located in southern Minnesota, is known for its beautiful lakes and vibrant community. The city is often referred to as the 'City of Lakes' due to its proximity to several lakes, making it a perfect spot for outdoor enthusiasts and those who enjoy recreational activities such as boating, fishing, and swimming. The well-maintained parks and trails provide excellent opportunities for walking, biking, and enjoying nature.

The community is family-friendly with a strong sense of belonging. Fairmont boasts a variety of local shops, restaurants, and cultural events that reflect its rich history and community spirit. The annual Fairmont Rotary Fun Days and the Martin County Fair are highlights of the local social calendar.

Educational opportunities in Fairmont are substantial, with a strong public school system and nearby higher education institutions. The city promotes a healthy lifestyle with numerous sports and recreational programs available for residents of all ages.

Nearby Schools

There are 4 schools in the area. Nearby schools include Fairmont High School and Fairmont Elementary School.

Fairmont High School
Fairmont Elementary School
Fairmont Junior High School
St. John Vianney School

Nearby Attractions

There are plenty of activities near this property like Fairmont Community Center, Fairmont Library, and more.

Fairmont Community Center
Fairmont Library
Martin County Courthouse
Sanford Fairmont Medical Center

What kind of public transportation is there?


Public transportation options include: Local taxi services, Charter bus services to nearby cities, Limited regional transportation options. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Sculpture Park, East Chain City Park and more.

Sculpture Park
East Chain City Park
Marble City Park
Gordon D. Kuehn Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
US Cellular

Internet Providers

Mediacom
CenturyLink
Eyota Broadband
Rental Chart
View Rental and Market Value
for E 11th St in Fairmont Minnesota
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Property Information

Community & Neighborhood

This property in Fairmont, MN is located in the Lake George Subdivision.


Foreclosure

The property located at E 11th St in Fairmont, MN is listed as a Foreclosure

Properties like E 11th St in Fairmont, Minnesota listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Fairmont, MN. The longer lenders own properties like this on E 11th St, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for E 11th St located in Fairmont, MN is $860/month. Comparable homes around E 11th St that are rentals have monthly ranges starting as low as $730 per month and as high as $991 per month. An owner looking to use this property as an investment could bring a return in the area of $730 - $991 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
05/01/25   Foreclosure
03/07/25 05/01/25 Preforeclosure
03/05/25 05/01/25 Preforeclosure

Similar Homes Nearby Fairmont, MN


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E 11th St
Fairmont, MN 56031

Single-Family

$91,658 EMV

Status: Active Listing ID: 63556059

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=E-11th-St-Fairmont-MN-56031/63556059_lid

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