Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$488,500

($161,427 down)
FHA

185 Hickory Lane NE, Owatonna, MN 55060

5
4
3,021 sqft
PITI Monthly
$2,439.86 /mo

Listing courtesy of: , Berkshire Hathaway Advantage Real Estate

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,474 /mo
$2,367 /mo

What's Special

ENTERTAINMENT
HOME OFFICE
DECK

Welcome to Hickory Lane! This well appointed and meticulously designed 5-bedroom, 3-bathroom, single-level home offers over 3,000 square feet of quality finishes, stylish accents, and comfortable living. The finished lower level is a highlight, featuring two bedrooms, a versatile bonus room ideal for a home office, playroom, or crafting space, and a stunning entertainment room with built-ins that create a high-end, pub-like atmosphere complimented by a beautiful stone archway, solid surfaces, and built-in wine storage. Outside, entertain guests on the deck, and enjoy ultimate privacy and tranquility in the backyard lined with a natural screen creating a setting with no backyard neighbors aside from occasional wildlife visitors. The oversized 3-stall garage is perfect for vehicles, equipment, and toys. This home truly has it all: space, quality, storage, and style...start packing, your new home is ready and waiting!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$2,439.86/mo
Estimated Loan Balance
$342,465
Cash to close
$161,427
Interest Paid
$36,822

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Steel Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Steel Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 2008
Details
  • Builder:

Community & HOA

Community
  • Subdivision: North Bluff Estates
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $161.7
  • Tax Annual Amount: $6616
  • On Market Date: 2024-08-07T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $161,427 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $161,427!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$327,073
Your Cash$161,427
Total Purchase Price:$488,500

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,474/mo
Traditional @ 7.5%
$2,455/mo
You save $981/month ($11,777/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6582274

Listing From: northstar

Last updated: 2024-09-20T15:22:02.000Z

© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,474 /mo
$2,367 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $161,427 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $161,427!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$327,073
Your Cash$161,427
Total Purchase Price:$488,500

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,474/mo
Traditional @ 7.5%
$2,455/mo
You save $981/month ($11,777/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

Powered By UMe.

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.