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$270,000

($138,263 down)
FHA

20031 Heritage Drive, Lakeville, MN 55044

2
2
1,364 sqft
PITI Monthly
$1,228.9 /mo

Listing courtesy of: , Financially Free, LLC

Assumed Rate

3.57%
7.15%

Principal & Interest

$738 /mo
$1,100 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
WALK-IN CLOSET
PATIO
AFFORDABLE

Welcome to 20031 Heritage Drive — an excellent opportunity to own a well-maintained townhome in a prime Lakeville location at an affordable price! This 2-bedroom, 2-bathroom home offers a bright and open layout with great natural light, a spacious living area, and a functional kitchen with ample cabinet space. Enjoy the convenience of an attached garage, upper-level laundry, and a private patio space perfect for relaxing or entertaining. The primary bedroom features a large walk-in closet and plenty of room to unwind. Located just minutes from parks, trails, shopping, dining, and easy freeway access, this home offers low-maintenance living and a lifestyle of convenience. Whether you're looking for your first home, downsizing, or adding to your investment portfolio, this is a fantastic find.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.57
Remaining Loan Term
21 years, 3 months
Monthly PITI
$1,228.9/mo
Estimated Loan Balance
$159,577
Cash to close
$138,263
Interest Paid
$46,316

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 2004
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Heritage Walk
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: first service residential
  • HOA Amenities: Unknown
  • HOA Fee: $429
  • HOA Frequency: $Monthly
Location
  • Region: Lakeville

Financial Details

  • Price per Sqft: $197.95
  • Tax Annual Amount: $2708
  • On Market Date: 2025-04-23T00:00:00.000Z
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 $138,263 (51%)
You can enter any amount below - secondary financing will cover the difference if needed.
51%
$

You cover the entire equity of $138,263!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$131,737
Your Cash:$138,263
Total Purchase Price:$270,000

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$738/mo
Traditional @ 7.15%
$1,141/mo
You save $403/month ($4,840/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6705301

Listing From: northstar

Last updated: 2025-04-24T10:07:10.000Z

© , 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

3.57%
7.15%

Principal & Interest

$738 /mo
$1,100 /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 $138,263 (51%)
You can enter any amount below - secondary financing will cover the difference if needed.
51%
$

You cover the entire equity of $138,263!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$131,737
Your Cash:$138,263
Total Purchase Price:$270,000

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$738/mo
Traditional @ 7.15%
$1,141/mo
You save $403/month ($4,840/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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