$104,112 EMV

4 Beds   2 Baths   1,259 Sq. Ft.   Single-Family
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E 2nd St
Fairmont, MN 56031

Overview

This possible Bankruptcy asset is located at E 2nd St, Fairmont, MN 56031. It has 4 Beds 2 Baths , 1,259 sqft of living space. This property has an estimated market value of $104,112.
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Status: Active
Listing ID: 64269552
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Learn about E 2nd St in Fairmont, MN

This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,259 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Fairmont, specifically for E 2nd St and comparable listings. Based on this expert analysis, the estimated market value is $104,112. If purchased for rental purposes, the monthly rental rate could range between $760 and $1,020, 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 2nd St are updated daily along with others in Fairmont, Minnesota, ensuring you have the most current and accurate information.


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What is the city of Fairmont, MN like?

Fairmont is a welcoming city located in Martin County, Minnesota, known for its scenic beauty and rich cultural history. The city is surrounded by numerous lakes and parks, creating ample opportunities for outdoor recreation. The downtown area is vibrant, hosting various shops, restaurants, and community events throughout the year, making it a beautiful place to live for families and individuals alike.

The community of Fairmont boasts a strong educational system, with an emphasis on supporting students through advanced programs and extracurricular activities. Residents enjoy access to excellent health facilities, and there are several community services that support a high quality of life. With a friendly atmosphere and active engagement from community members, Fairmont is well-loved by its residents.

For those who love the outdoors, Fairmont provides opportunities for fishing, boating, hiking, and biking. The nearby Fairmont Aquatic Park is perfect for families looking to have fun during the warmer months. The city also hosts numerous sports leagues and recreational activities year-round, ensuring there is always something to do.

Nearby Schools

There are 3 schools in the area. Nearby schools include Fairmont High School and Fairmont Middle School.

Fairmont High School
Fairmont Middle School
Fairmont Elementary School

Nearby Attractions

There are plenty of activities near this property like Fairmont Aquatic Park, Fairmont Museum, and more.

Fairmont Aquatic Park
Fairmont Museum
Fairmont Library

What kind of public transportation is there?


Public transportation options include: Limited bus service is provided by Martin County Transit, which connects Fairmont to surrounding areas and nearby towns.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Gault Park, Sylvania Park and more.

Gault Park
Sylvania Park
Cameron Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Mediacom
CenturyLink
WebPass
Rental Chart
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for E 2nd St in Fairmont Minnesota
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Property Information

Public Records

Community & Neighborhood

This property in Fairmont, MN is located in the Goulds Subdivision.


Bankruptcy

The property located at E 2nd St in Fairmont, MN is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 25-33238. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 10-13-2025. This listing at E 2nd St in Fairmont, Minnesota is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. We highly recommend that you first contact Michael S. Dietz (court-appointed receiver / trustee) listed below (scroll down) under "Legal/Bankruptcy Information" sections to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee, like Michael S. Dietz, will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. Michael S. Dietz is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy a house that's part of a bankruptcy filing for sale in Fairmont, MN can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach Michael S. Dietz to pursue your deal.

Contact Michael S. Dietz to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Legal Information

Bankruptcy Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for E 2nd St located in Fairmont, MN is $890/month. Comparable homes around E 2nd St that are rentals have monthly ranges starting as low as $760 per month and as high as $1,020 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $1,020 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
10/13/25   Bankruptcy

Similar Homes Nearby Fairmont, MN


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E 2nd St
Fairmont, MN 56031

4 Beds   2 Baths   1,259 sq. ft.   Single-Family

$104,112 EMV

Status: Active Listing ID: 64269552

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=E-2nd-St-Fairmont-MN-56031/64269552_lid

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