$109,178 EMV

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N Prairie Ave
Fairmont, MN 56031

Overview

This possible Bankruptcy asset is located at N Prairie Ave, Fairmont, MN 56031. This property has an estimated market value of $109,178.
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Status: Active
Listing ID: 63722923
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Learn about N Prairie Ave in Fairmont, MN

Our team of real estate experts has conducted a thorough analysis of the current market conditions in Fairmont, specifically for N Prairie Ave and comparable listings. Based on this expert analysis, the estimated market value is $109,178. If purchased for rental purposes, the monthly rental rate could range between $700 and $940, 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 N Prairie Ave are updated daily along with others in Fairmont, Minnesota, ensuring you have the most current and accurate information.


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.

Find out more about this property on N Prairie Ave
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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
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for N Prairie Ave in Fairmont Minnesota
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Property Information

Bankruptcy

The property located at N Prairie Ave in Fairmont, MN is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 25-31915. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 06-20-2025. This listing at N Prairie Ave 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 N Prairie Ave located in Fairmont, MN is $820/month. Comparable homes around N Prairie Ave that are rentals have monthly ranges starting as low as $700 per month and as high as $940 per month. An owner looking to use this property as an investment could bring a return in the area of $700 - $940 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
06/20/25   Bankruptcy

Similar Homes Nearby Fairmont, MN


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N Prairie Ave
Fairmont, MN 56031

$109,178 EMV

Status: Active Listing ID: 63722923

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Property Description

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Listing URL

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