Lori Gustafson

445 Lake Avenue # 101

Fairmont, MN
$ 542,000 Beds 3 Baths 2 Sq 1,614
Monthly Estimate* How much can I afford?

Beautiful Home on Lake Sisseton, located next to The Marina Lodge. This three-bedroom, two-bath residence features an open-concept design with stunning views of the lake! The kitchen has Cambria counters, stainless appliances & beautiful cabinets which is open to the cozy living room with a gas fireplace and sliding glass doors out to a patio with a second fireplace to enjoy! A perfect place to relax and entertain friends & family. Enjoy one level living with one bedroom, a full bath and laundry all conveniently located on the main level. Upstairs you will find another family room and/ or office/den, complete with sliding glass doors to an outdoor deck, another serene place to enjoy the lake. Two additional bedrooms and a 3/4 bath are also located on the upper level. The lower level features a versatile room that can be converted into an additional family area and/or bedroom, making this home perfect for a family, second residence or even a VRBO. Two parking spots are reserved for this home and there is a shared dock, with slip rental available. This home is part of a Common Interest Community with shared common spaces, and the lawncare/snow removal is taken care of with the association. Come take a look and become a part of the Sisseton Lakeshore Community!

Single Family

  • Price
  • $ 542,000
  • City
  • Fairmont
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARTIN
  • Half Bathrooms
  • 0
  • Area
  • Marina Add
  • Lot Size
  • Zip
  • 56031
  • Sqr Footage
  • 1,614
  • Year Built
  • 2018
  • Taxes
  • $ 3762
  • Style
  • Single Family
  • MLS#
  • 7045899
Listed By: RE/MAX TOTAL REALTY
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1614
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Composition
Appliances Dishwasher,Disposal,Dryer,Water Osmosis System,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer,Water Softener Owned
HOA Fee 112.5
Association Fee Includes Lawn Care,Parking,Shared Amenities,Snow Removal
Construction Materials Concrete,Frame
Year Built 2018
Electric Circuit Breakers
View Lake,West
Levels Two
Unit Number 101
Property Subtype Single Family
Tax Year 2025
Waterfront Features Dock,Lake Front,Lake View
Accessibility None
Assoc Fee Paid Per Monthly
County Martin
New Construction No
Property Type Residential
Association Amenities Dock,Other
HOA Yes
Contingency None
Subdivision Name Marina Add
Full Baths 1
Directions Take State st to E 4th St take a right on Lake Ave,one block on the west side of the street
City Fairmont
Association Name The Sisseton Lakeshores
High School District Fairmont Area Schools
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3762
Additional Parcels Y/N No
Standard Status Active
Lender Owned Not Disclosed
Amenities Unit Balcony,Ceiling Fan(s),Deck,Dock,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Patio,Boat Slip,Vaulted Ceiling(s),Washer/Dryer Hookup
PostalCity Fairmont

Interior Features

Basement Concrete,Unfinished
Total Fireplaces 2
Fireplace Features Brick,Family Room,Gas,Living Room,Other
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1614
3/4 Baths 1
Laundry Features In Hall,Main Level,In Unit
Total Bedrooms 3
Total Baths 2
Bath Desc Main Floor Full Bath,Upper Level 3/4 Bath
Dining Room Description Eat In Kitchen,Informal Dining Room,Living/Dining Room
Fuel Natural Gas

Exterior Features

Parking Features Assigned,Parking Lot,Paved Lot,Open
Lot Features Accessible Shoreline,Tree Coverage - Medium
Water Source City Water/Connected
Building Area Total 2319
Waterfront Y/N Yes
Foundation Area 705
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/31/2026 Listed $542,000

Property vs Zip Code Average in 56031

Price
AVG $300K
$540K
Taxes
AVG $3,025
$3,762
Year Built
AVG 1959
2018
Visits
AVG 64
179
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

445 Lake Avenue # 101 Fairmont, MN is a Single Family Home for sale at $542000 with 1614 sqft and a lot size of Acre(s). 445 Lake Avenue # 101 Fairmont has 3 bedrooms, 2 baths and was built in 2018. The property's zip code is 56031 which is in Fairmont, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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