Laura Jewett

Laura Jewett

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Closed

$475,000

($222,559 down)
VA

720 Ivanhoe Drive, Watertown, MN 55388

5
4
3,702 sqft
PITI Monthly
$1,762.06 /mo

Listing courtesy of: , MOVE

Assumed Rate

2.74%
7.15%

Principal & Interest

$1,120 /mo
$1,855 /mo

What's Special

ENTERTAINMENT
DINING
SPACIOUS
FIREPLACE
WET BAR
DECK
LANDSCAPED
CUL-DE-SAC
COZY

Welcome to 720 Ivanhoe Dr, a stunning gem nestled in the heart a cul-de-sac that backs to acres of parkland and offers a peaceful retreat in a vibrant community. In the last few years this home has new roof, siding, windows and gutters. (See supplement for list of recent improvements.) The spacious living areas are designed for entertaining, featuring a beautiful with an expansive island—ideal for hosting gatherings or casual family meals. The vaulted family room, anchored by a cozy fireplace, invites relaxation, while large windows frame picturesque views of the lush backyard. Upstairs, you’ll find 4 generously sized bedrooms, including a primary suite complete with a spa-like en-suite bathroom. The lower level features the 5th bedroom, wet bar and entertainment room. Step outside to the beautifully landscaped yard—perfect for outdoor dining, gardening, or simply enjoying a peaceful Minnesota evening. The large 2-level deck provides an ideal spot for summer BBQs, while the expansive yard offers plenty of space for kids or pets to play. Don’t miss the opportunity to make this exceptional property your forever home!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.74
Remaining Loan Term
26 years, 0 months
Monthly PITI
$1,762.06/mo
Estimated Loan Balance
$254,603
Cash to close
$222,559
Interest Paid
$28,790

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Invisible
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: None

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: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Kings Meadows
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Watertown

Financial Details

  • Price per Sqft: $128.31
  • Tax Annual Amount: $5706
  • On Market Date: 2024-10-04T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $222,559 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $222,559!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$252,441
Your Cash$222,559
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,120/mo
Traditional @ 7.5%
$1,924/mo
You save $804/month ($9,653/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6608688

Listing From: northstar

Last updated: 2025-01-26T19:52:02.000Z

© , 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

2.74%
7.15%

Principal & Interest

$1,120 /mo
$1,855 /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 $222,559 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $222,559!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$252,441
Your Cash$222,559
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,120/mo
Traditional @ 7.5%
$1,924/mo
You save $804/month ($9,653/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

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© 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.

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