Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Pending

$349,900

($183,610 down)
FHA

4230 Lake Ridge Drive, Big Lake, MN 55309

3
2
2,364 sqft
PITI Monthly
$1,513.45 /mo

Listing courtesy of: , Reliance Realty Advisers, LLC

Assumed Rate

3.81%
7.15%

Principal & Interest

$914 /mo
$1,323 /mo

What's Special

DINING
SPACIOUS
FIREPLACE
PATIO
COZY

Welcome to 4230 Lake Ridge Drive! This inviting 3-bedroom, 2-bathroom modified two-story home, nestled in the heart of Big Lake, is sure to impress. Step inside to a bright and spacious foyer that leads into the open main level, featuring a beautiful new fireplace and updated flooring and lighting throughout. The dining area opens to a stunning three-season porch, offering the perfect place to enjoy Minnesota’s changing seasons – whether sipping coffee on crisp fall mornings or unwinding on warm summer evenings. The main floor also includes a convenient laundry room, a generous dining room, and a well-appointed kitchen with plenty of storage. Upstairs, you'll find three comfortable bedrooms and a full bath. The lower level offers an office space and a versatile flex room that could easily be converted into a fourth bedroom and bathroom, with the rough-in already in place. Outside, entertain on the concrete patio by the cozy fireplace in your fully fenced backyard. Recent updates include new siding, roof, main floor electric fireplace, flooring, and lighting. Don't miss your chance to make this stunning house your new home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.81
Remaining Loan Term
22 years, 7 months
Monthly PITI
$1,513.45/mo
Estimated Loan Balance
$172,858
Cash to close
$183,610
Interest Paid
$51,361

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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
  • Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1997
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lake Ridge Fourth Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Big Lake

Financial Details

  • Price per Sqft: $148.01
  • Tax Annual Amount: $3730
  • On Market Date: 2025-02-06T00:00:00.000Z
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 $183,610 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $183,610!

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

Loan Breakdown

Assumed Mortgage3.81% Sellers Rate
$166,290
Your Cash:$183,610
Total Purchase Price:$349,900

Assumed vs Traditional Mortgage

Assumed @ 3.81%
$914/mo
Traditional @ 7.5%
$1,372/mo
You save $458/month ($5,501/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6655027

Listing From: northstar

Last updated: 2025-03-21T23:17:03.000Z

© , 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

3.81%
7.15%

Principal & Interest

$914 /mo
$1,323 /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 $183,610 (52%)
You can enter any amount below - secondary financing will cover the difference if needed.
52%
$

You cover the entire equity of $183,610!

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

Loan Breakdown

Assumed Mortgage3.81% Sellers Rate
$166,290
Your Cash:$183,610
Total Purchase Price:$349,900

Assumed vs Traditional Mortgage

Assumed @ 3.81%
$914/mo
Traditional @ 7.5%
$1,372/mo
You save $458/month ($5,501/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.