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$435,000

($209,121 down)
FHA

10200 Upper 205th Street W, Lakeville, MN 55044

4
2
1,846 sqft
PITI Monthly
$1,675.34 /mo

Listing courtesy of: , Bridge Realty, LLC

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,042 /mo
$1,693 /mo

What's Special

LOCATION
DECK
PATIO
MATURE TREES
COZY

Welcome to your dream home! Step into comfort and convenience with this well-maintained 4-bedroom home in a prime location—just minutes from Lake Marion, scenic parks, and local schools. Recent upgrades make this home stand out: a brand-new roof (2024), refreshed landscaping for added curb appeal, a reworked deck perfect for summer gatherings, and brand-new laminate flooring in the basement. The fenced backyard is a true highlight, offering mature trees, two patios, and a cozy fire pit—ideal for entertaining or unwinding. Homes like this, in locations like this, don’t last long. See it for yourself!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.89
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,675.34/mo
Estimated Loan Balance
$227,858
Cash to close
$209,121
Interest Paid
$30,474

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
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
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1987
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Meadows West 3rd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Lakeville

Financial Details

  • Price per Sqft: $235.64
  • Tax Annual Amount: $3672
  • On Market Date: 2025-04-28T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $209,121 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $209,121!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$225,879
Your Cash$209,121
Total Purchase Price:$435,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,042/mo
Traditional @ 7.15%
$1,756/mo
You save $714/month ($8,568/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6706103

Listing From: northstar

Last updated: 2025-05-02T11:59:03.000Z

© , 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

2.89%
7.15%

Principal & Interest

$1,042 /mo
$1,693 /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 $209,121 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $209,121!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$225,879
Your Cash$209,121
Total Purchase Price:$435,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,042/mo
Traditional @ 7.15%
$1,756/mo
You save $714/month ($8,568/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Exit Realty
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899

© 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 Exit Realty 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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