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CondominiumResidential

601 Shoreacres Dr

FAIRMONT, MN 56031
44 ft²
Lot SizeThe size of the land the home sits on, from county records.
1983
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 19833 floors29 units972–3,500 ft²
$6.8M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$224K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$199
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+86.4%vs the Fairmont ZIP median sale $/ft² ($107)

Sales Performance

$343K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+89.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
6.9%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+3.6%per yeartypical hold 6.0 yrsfrom 11 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20062008201120142019202120232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20062008201120142019202120232026

24 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$152K$213K$274K$335K972 ft²1,478 ft²1,983 ft²2,489 ft²2,994 ft²3,500 ft²
1 bd2 bd
1 bed
15 units
2 bed
14 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 0.5 ba · 973 ft²
6 units
1 bd · 0.5 ba · 972 ft²
4 units
2 bd · 2 ba · 1,442 ft²
3 units
1 bd · 0.5 ba · 1,077 ft²
2 units
2 bd · 2 ba · 1,451 ft²
2 units
One-off layouts
12 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$152K–$166K
2 units
$189K–$194K
2 units
$209K–$219K
4 units
$221K–$224K
14 units
$249K–$249K
1 unit
$284K–$289K
2 units
$326K–$335K
4 units

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$203/ft²
Floor 2
$190/ft²
Floor 3
$177/ft²
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·04
$219/ft²
Line ·06
$217/ft²
Line ·07
$209/ft²
Line ·08
$191/ft²
Line ·01
$186/ft²
Line ·02
$177/ft²
Line ·03
$175/ft²
Line ·09
$175/ft²
Line ·05
$156/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.69%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.31%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.12.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.80%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.15%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$290,763
Median tax billThe middle annual property tax bill among the building's units.$3,964
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 107Sep 29, 2026$310,000Unit 102Sep 18, 2026$375,000Unit 110Aug 6, 2025$181,000Unit 103May 26, 2023$287,000Unit 204May 25, 2022$185,000Unit 110Sep 13, 2021$138,500Unit 206Jul 9, 2021$280,000Unit 107Oct 13, 2020$135,000Unit 309Jul 20, 2020$139,900Unit 208Apr 13, 2020$215,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.24 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyMARTIN
Lot (acres)The size of the land the home sits on, from county records.0.00
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Builtup (layered Asphalt)
HeatingThe type of heating system in the home.Hot Water
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Fairmont Elementary SchoolC+
Elementary · Grades PK–6 · 1.1 mi
M
Fairmont Jr./Sr. High SchoolC
Middle · Grades 7–12 · 1.4 mi

District: Fairmont Area School District

Neighborhood · ZIP 56031These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.115
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.96
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.9

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.11,702
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.74 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$68,928
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$78,737
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

601 Shoreacres Dr # 101
1 bd · 0.5 ba · 973 ft²
$166K
601 Shoreacres Dr # 102
2 bd · 2 ba · 1,442 ft²
$326K
601 Shoreacres Dr # 103
2 bd · 2 ba · 1,451 ft²
$329K
601 Shoreacres Dr # 104
1 bd · 0.5 ba · 972 ft²
$224K
601 Shoreacres Dr # 105
1 bd · 0.5 ba · 1,077 ft²
$224K
601 Shoreacres Dr # 106
1 bd · 0.5 ba · 1,077 ft²
$224K
601 Shoreacres Dr # 107
1 bd · 1.3 ba · 972 ft²
$249K
601 Shoreacres Dr # 108
2 bd · 0.5 ba · 1,451 ft²
$224K
601 Shoreacres Dr # 109
2 bd · 1 ba · 1,442 ft²
$224K
601 Shoreacres Dr # 110
1 bd · 0.5 ba · 973 ft²
$189K
601 Shoreacres Dr # 201
1 bd · 0.5 ba · 973 ft²
$152K
601 Shoreacres Dr # 202
2 bd · 2 ba · 1,442 ft²
$224K
601 Shoreacres Dr # 203
2 bd · 1 ba · 1,451 ft²
$224K
601 Shoreacres Dr # 204
1 bd · 0.5 ba · 972 ft²
$221K
601 Shoreacres Dr # 205
2 bd · 2 ba · 1,484 ft²
$289K
601 Shoreacres Dr # 206
2 bd · 1 ba · 1,484 ft²
$331K
601 Shoreacres Dr # 207
1 bd · 1.5 ba · 972 ft²
$219K
601 Shoreacres Dr # 208
2 bd · 2 ba · 1,451 ft²
$284K
601 Shoreacres Dr # 209
2 bd · 2 ba · 1,442 ft²
$224K
601 Shoreacres Dr # 210
1 bd · 0.5 ba · 973 ft²
$209K
601 Shoreacres Dr # 301
1 bd · 0.5 ba · 973 ft²
$224K
601 Shoreacres Dr # 302
2 bd · 1 ba · 1,502 ft²
$224K
601 Shoreacres Dr # 303
1 bd · 2 ba · 1,547 ft²
$224K
601 Shoreacres Dr # 304
1 bd · 0.5 ba · 972 ft²
$194K
601 Shoreacres Dr # 305
2 bd · 0.5 ba · 3,500 ft²
$224K
601 Shoreacres Dr # 306
1 bd · 0.5 ba · 972 ft²
$213K
601 Shoreacres Dr # 307
2 bd · 2 ba · 1,547 ft²
$224K
601 Shoreacres Dr # 308
2 bd · 2 ba · 1,502 ft²
$335K
601 Shoreacres Dr # 309
1 bd · 0.5 ba · 973 ft²
$209K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 601 Shoreacres Dr

How many units are in 601 Shoreacres Dr, Fairmont, MN?

601 Shoreacres Dr, Fairmont, MN has 29 residential units across 3 floors, built in 1983, according to county assessor records.

What is a unit at 601 Shoreacres Dr, Fairmont, MN worth?

The median TopHap Estimate across the 29 units at 601 Shoreacres Dr, Fairmont, MN is $224,204. That works out to $199 per square foot. Units run from 972 to 3,500 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 601 Shoreacres Dr, Fairmont, MN expensive for Fairmont?

Units at 601 Shoreacres Dr, Fairmont, MN carry a median of $199 per square foot, 86% above the Fairmont median of $107 per square foot.

How often do units sell at 601 Shoreacres Dr, Fairmont, MN?

2 units at 601 Shoreacres Dr, Fairmont, MN sold in the last 12 months, out of 24 recorded arms-length sales all time. That is a turnover rate of 6.9% of the building per year. The median sale over that period was $343K.

Have units at 601 Shoreacres Dr, Fairmont, MN appreciated?

Across 11 repeat sales of the same unit, 601 Shoreacres Dr, Fairmont, MN returned a median 3.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.0 years.

What floor plans does 601 Shoreacres Dr, Fairmont, MN have?

The most common plan at 601 Shoreacres Dr, Fairmont, MN is a 1-bedroom of 973 square feet, repeated 6 times, with a median estimate of $199,131. TopHap identifies 5 recurring plans in the building.

More homes on Shoreacres Dr

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Assigned schools

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