$355,000
($89,380 down)20117 State 226, Park Rapids, MN 56470
PITI Monthly
Listing courtesy of: , Coldwell Banker Crown Realtors
Assumed Rate
5.41%
7.15%Principal & Interest
$1,544 /mo
$1,856 /moWhat's Special
Welcome to this incredible country property. Nestled on a scenic, wooded lot, this spacious 5 bedroom, 3 bathroom home provides a tranquil retreat while being just minutes from the charming town of Dorset where you will have easy access to restaurants, local shops, and the areas many outdoor activities. Whether you are looking for a peaceful family home, a place to run your business or both, this property is full of possibilities! Property offers the perfect blend of comfort, convenience and so much potential with the additional commercial shop. The shop is very spacious, has water connected and would be great for a business, hobbyist, or storage. Property also has several other out buildings for storage, for horses, and an outdoor wood boiler. A great potential for commercial use!
Assumption Snapshot
Type of Loan
FHA
Interest Rate
5.41
Remaining Loan Term
27 years, 6 months
Monthly PITI
$2,031.14/mo
Estimated Loan Balance
$268,005
Cash to close
$89,380
Interest Paid
$36,531
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Cooling & Heating
- Cooling: Central Air
- Heating: Baseboard, Forced Air, Fireplace(s), Outdoor Boiler
Features
- Materials: Brick/Stone, Wood Siding
- Community: Unknown
- Has Fireplace: Yes
- Fireplace Features: Brick, Living Room, Wood Burning
- Flooring: Unknown
Exterior
Fencing
- Fencing: Full, Wood
Roof
- Roof: Age 8 Years or Less
Parking
- Garage: Yes
- Garage Spaces: 2
- Carport: No
- Carport Spaces:
Water
- Sewer: Holding Tank, Private Sewer, Tank with Drainage Field
- Water Source: Submersible - 4 Inch, Private, Well
Pool
- Has Pool: No
- Pool Features: None
Construction
Type & Style
- Stories:
- Home type: Single Family Residence
- Architectural Style: Unknown
Materials
- Brick/Stone, Wood Siding
- Roof: Age 8 Years or Less
Condition
- Year Built: 1973
Details
- Builder:
Community & HOA
Community
- Subdivision:
- Features: Grab Bars In Bathroom
HOA
- Has HOA: No
Location
- Region: Park Rapids
Financial Details
- Price per Sqft: $208.58
- Tax Annual Amount: $1706
- On Market Date: 2025-01-09T00:00:00.000Z
Inquire about this property
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Fill out an application to explore financing options for assuming this loan.
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You cover the entire equity of $89,380!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: NST6647032
Listing From: northstar
Last updated: 2025-03-19T17:45:03.000Z
© , 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
5.41%
7.15%Principal & Interest
$1,544 /mo
$1,856 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $89,380!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000Resources
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