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$285,000

($26,549 down)
VA

118 S Division Street, Mankato, MN 56001

3
3
2,210 sqft
PITI Monthly
$1,525.27 /mo

Listing courtesy of: , Realty Executives Associates

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,166 /mo
$1,900 /mo

What's Special

LOCATION
SERENE
DINING
SPACIOUS
PATIO
MATURE TREES
TENNIS COURTS
PLAYGROUND
CHARMING

Charming 3-Bedroom, 3-Bath Home with Scenic Ravine Views in Mankato Hilltop Nestled on a picturesque ravine lot in Mankato's sought-after Hilltop area, this 3-bedroom, 3-bath home offers both comfort and convenience. With a wide-open main floor, the spacious living room boasts large windows that frame stunning backyard views, flooding the space with natural light. The informal dining area flows seamlessly into the eat-in kitchen, which features expansive cabinetry and generous counter space, perfect for cooking and entertaining. The main level includes two bedrooms, including the primary suite with a private ¾ bath, as well as an additional full bathroom. Downstairs, the oversized family room provides ample space for relaxation, gatherings, or even a home theater setup. The lower level also features a half bath, a third bedroom, and a large laundry/storage/mechanical room—complete with a second kitchen, offering added versatility for guests or extended family. Step outside to the concrete patio, where you can relax by the firepit, entertain, or simply take in the peaceful views of the ravine and mature trees. The backyard also features a storage shed, providing additional space for outdoor equipment. The current owners have cherished their time outdoors, enjoying the serene landscape and privacy of this unique lot. Additional highlights include a newer A/C and furnace, Water Heater and drain tile installation around the foundation by the previous owner for enhanced protection against the elements. Conveniently located just blocks from Bethany College, Mayo Health Care Facility, parks, tennis courts, and playgrounds, this home offers the perfect blend of tranquility and accessibility. Don't miss this rare opportunity to own a home in one of Mankato's most desirable locations!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.87
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,525.27/mo
Estimated Loan Balance
$263,327
Cash to close
$26,549
Interest Paid
$28,450

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer - In Street
  • Water Source: City Water - In Street
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Marsh & Bros Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mankato

Financial Details

  • Price per Sqft: $128.96
  • Tax Annual Amount: $2506
  • On Market Date: 2025-04-07T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $26,549 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $26,549!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$258,451
Your Cash$26,549
Total Purchase Price:$285,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,166/mo
Traditional @ 7.15%
$1,971/mo
You save $804/month ($9,654/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6709753

Listing From: northstar

Last updated: 2025-04-26T10:18:07.000Z

© , 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

2.87%
7.15%

Principal & Interest

$1,166 /mo
$1,900 /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 $26,549 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $26,549!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$258,451
Your Cash$26,549
Total Purchase Price:$285,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,166/mo
Traditional @ 7.15%
$1,971/mo
You save $804/month ($9,654/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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