303 Lake Ave, Fairmont, MN, 56031
About This Home
Truly a one-of-a-kind lakefront home on Lake Sisseton, with historic charm and modern conveniences. 65 feet of shoreline with gradual, terraced lake bank. 5BR/3BA, over 3,000 finished sqft, breathtaking lake views and several outdoor seating areas on the front porch and in the backyard. The foyer greets you with a stunning original staircase and ornate room divider that showcase the home's preserved architecture. Living room features an electric fireplace and original pocket doors that open to the formal dining room. Spacious kitchen includes a pantry, laundry area, and staircase leading to an upstairs bedroom. Breakfast bar, ¾ bath and great room (dining area, electric fireplace, sliding doors to the backyard oasis) complete the main level. Upstairs: 4BR/1 full BA. Two adjoining bedrooms are separated by original room-divider doors. Another bedroom offers access to a potential balcony with lake views. Two bedrooms also provide access to the walk-up attic, where the fifth bedroom is located. Basement: storage, utilities, exercise space, sauna, half bath, and workshop. Outside: lakeside living with hot tub room and outdoor kitchen. Historic former garage is now two storage areas with an attic. This is lake life at its BEST! Don't miss it!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1943
Materials
- Roof: Age 8 Years or Less,Flat,Metal,Rubber
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Water Softener Owned
- Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup
Basement
- Has basement: Yes
- Basement: Block,Full
Bedroom
- Level: Second
- Area: 165
- Dimensions: 15x11
Bedroom2
- Level: Second
- Area: 133.21
- Dimensions: 12.11x11
Bedroom3
- Level: Second
- Area: 119.9
- Dimensions: 11x10.9
Bedroom4
- Level: Second
- Area: 152.95
- Dimensions: 13.3x11.5
Bedroom5
- Level: Third
- Area: 677.28
- Dimensions: 27.2x24.9
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
- Area: 162.5
- Dimensions: 13x12.5
Exercise Room
- Level: Basement
- Area: 258.03
- Dimensions: 18.3x14.10
Features
- Number of fireplaces: 2
- Fireplace features: Electric,Family Room,Living Room
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 3,129
Foyer
- Level: Main
- Area: 166.498
- Dimensions: 14.11x11.8
Great Room
- Level: Main
- Area: 344.72
- Dimensions: 27.8x12.4
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 4,029
- Total interior livable area: 3,129 sqft
Kitchen
- Level: Main
- Area: 146.52
- Dimensions: 13.2x11.10
Laundry
- Level: Main
- Area: 31.98
- Dimensions: 7.8x4.10
Living Room
- Level: Main
- Area: 195
- Dimensions: 15x13
Storage
- Level: Basement
- Area: 40
- Dimensions: 10x4
Utility Room
- Level: Basement
- Area: 121.2
- Dimensions: 12x10.1
Workshop
- Level: Basement
- Area: 321.86
- Dimensions: 26.6x12.10
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 230401050
- Zoning description: Residential-Single Family
- Foundation area: 900
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Front Porch,Patio
- Has spa: Yes
- Spa features: Hot Tub
- Fencing: Partial,Privacy,Wood
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake Front,Waterfront Elevation(26-40),Lake Bottom(Rocky,Soft)
- Frontage length: Water Frontage: 65
Lot
- Lot size: 0.31 Acres
- Lot size dimensions: 210 x 65 x 200 x 65
Parking
- Parking features: Concrete,Off Site,Storage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Strong Wind
- Tornado
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters in Martin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,350 | $28,200 |
| Home Insurance * | $466 | $5,592 |
| Property Taxes | $482 | $5,784 |
| Electricity | $263 | $3,166 |
| Total | $3,561 | $42,732 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Price change | $464,900 |
| 2026-06-15 | Listed for sale | $489,900 |
| 2016-02-25 | Sold | $65,200 |
| 2016-01-22 | Price change | $84,500 |
| 2015-12-22 | Price change | $10,000 |
| 2015-11-23 | Price change | $84,500 |
| 2015-10-18 | Price change | $104,500 |
| 2015-09-04 | Listed for sale | $121,400 |
| 2014-10-15 | Sold | $91,269 |
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