2 months on rocket

1961 Knollwood Dr, Fairmont, MN, 56031

$629,900

Home List Price

$7,480*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
4,551 SqFt
$138/SqFt
House
Schools Nearby

Location

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1961 Knollwood Dr, Fairmont$629,900

Buyer Closing Credits

$7,480*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Tuckunder Garage
Attached Garage3 spaces
Year Built1973
HeatingForced Air
CoolingCentral Air, Dual
BasementYes
WaterfrontLake Front
FireplaceGas, Wood Burning
MLS #6486607
StatusActive

About 1961 Knollwood Dr

Are you in search of a serene lakefront retreat with ample space and natural beauty? Look no further! This stunning 4-bedroom, 4-bathroom home offers everything you desire. With abundant character and generous entertaining areas, it's the epitome of comfort and space. Storage is plentiful, thanks to two additional garage spaces and a studio room off the attic, boasting breathtaking views of the lake. The office easily doubles as a 5th bedroom if needed. Outside, revel in the expansive wooded lot adorned with majestic trees and a tranquil ravine leading from the lake. Plus, the backyard's gentle slope ensures easy access to the water—no daunting staircases here! This is a must see!

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 4,551 SqFt

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Gas, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Tuckunder Garage

Lot Features

Lot Information:

  • Lot: Irregular Lot, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Dual

School Info

Assigned Schools Information:

  • Fairmont Jr./Sr. High School, Public District Grades 6-12
  • Fairmont Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Off Lair road, head south on Knollwood, house is on the lake side

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,900
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $7,284
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fairmont, MN.

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Fairmont, MN

City

Med. Sold Price

$190K

Med. Price/SqFt

$109

Avg. Days On Market

84

# of Sold Homes

9

1961 Knollwood Dr vs Fairmont

80 DAYS ON ROCKET

-4 Days

$629,900

+$439.9K More

$138/SqFt

+$28 More

KEY TAKEAWAY

This property is $439.9K more than the Median Sold Price and $28/SqFt more than other homes in Fairmont, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6486607

Listing Office:

  • Office Name: RE/MAX TOTAL REALTY

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Last updated on: 4/28/2024, 2:22:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,284$547,900
2020$7,284$483,300
2018$7,476$507,500
2017$5,777$426,500

History based on county public records data.

Payment Calculator

$3,211

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,955

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2330112
4
/10

  • Fairmont Elementary School

  • 714 Victoria St Ste 101

  • 1.90 miles

  • Public District Grades PK-6

High School

school-card-donut-2330113
5
/10

  • Fairmont Jr./Sr. High School

  • 900 Johnson St

  • 1.58 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,415. Most Fairmont, MN residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1961 Knollwood Dr

What is the listing price of this property?

The listing price of 1961 Knollwood Dr property is $629,900.

What type of property is this?

The property 1961 Knollwood Dr is a house located in Fairmont, Minnesota, 56031.

Is this property for sale now?

Active Listing: 1961 Knollwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1961 Knollwood Dr are:
Fairmont Elementary School: GreatSchools Rating 4/10
Fairmont Jr./Sr. High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,284 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1961 Knollwood Dr has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1961 Knollwood Dr is 4,551 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1961 Knollwood Dr is 1973.

Rocket Homes›Minnesota›Martin County›Fairmont›56031›1961 Knollwood Dr

This home is located at 1961 Knollwood Dr in Fairmont, MN and zip code 56031. This 4,551 square foot home was built in 1973. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $629,900.

While more than 2 listings in Fairmont, MN in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below. In March 2024 in Fairmont, MN there were 6.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $190,000, while the average time on the real estate market was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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