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$575,000

($150,985 down)
FHA

20766 Gemini Trail, Lakeville, MN 55044

5
4
3,713 sqft
PITI Monthly
$3,798.59 /mo

Listing courtesy of: , LPT Realty, LLC

Assumed Rate

6.9%
7.15%

Principal & Interest

$2,865 /mo
$2,938 /mo

What's Special

DINING
SPACIOUS
HARDWOOD FLOORS
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
DECK
COZY

Welcome to your next chapter in this jaw-dropping 5 bed, 4 bath, former model home tucked right in the heart of Lakeville! Impressive entry way opens to soaring ceilings. On the main level you will find a bright open floor plan featuring gleaming hardwood floors, living room with cozy gas fireplace, dining area that flows seamlessly to the maintenance-free deck—perfect for sunset hangouts or Sunday brunches. Chef’s kitchen is a s with granite countertops, stainless steel appliances, walk-in pantry, and a center island just waiting for your culinary creations. Upstairs, retreat to your spacious primary suite behind elegant French doors, complete with a walk-in closet and spa-like ensuite with a stone shower and soaking tub. Three more bedrooms and a full bath round out the upper level. Downstairs you’ll love the huge family room, 5th bedroom, 3/4 bath, and flex room ready for your gym, office, or game nights. Did we mention the convenient main level laundry room, 3-car attached garage and brand new privacy fence? This one checks all the boxes—come see it before someone else calls it "home!"

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.9
Remaining Loan Term
27 years, 7 months
Monthly PITI
$3,798.59/mo
Estimated Loan Balance
$425,282
Cash to close
$150,985
Interest Paid
$71,647

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Full, Privacy, Vinyl
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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
  • Brick/Stone, Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Spyglass 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Lakeville

Financial Details

  • Price per Sqft: $154.86
  • Tax Annual Amount: $5504
  • On Market Date: 2025-04-15T00:00:00.000Z
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 $150,985 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $150,985!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$424,015
Your Cash$150,985
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,865/mo
Traditional @ 7.15%
$3,048/mo
You save $183/month ($2,192/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6705027

Listing From: northstar

Last updated: 2025-05-01T13:50:04.000Z

© , 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

6.9%
7.15%

Principal & Interest

$2,865 /mo
$2,938 /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 $150,985 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $150,985!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$424,015
Your Cash$150,985
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$2,865/mo
Traditional @ 7.15%
$3,048/mo
You save $183/month ($2,192/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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