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$575,000

($193,187 down)
FHA

9205 198th Street W, Lakeville, MN 55044

4
4
2,950 sqft
PITI Monthly
$2,724.06 /mo

Listing courtesy of: , Coldwell Banker Burnet

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,816 /mo
$2,749 /mo

What's Special

DINING
MODERN
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
DOUBLE VANITY
SOAKING TUB
SEPARATE SHOWER
FLEX SPACE
DECK

Get ready—this Lakeville gem is about to hit the market! Built in 2014, this 4-bed, 4-bath home brings together modern style, smart design, and a layout that works for real life. Step inside to a show-stopping 2-story foyer with open staircases leading to both the upper and lower levels. Upstairs, you’ll love the open-concept vibe—complete with hand-scraped wood floors, upgraded light fixtures, and a bright living room that flows into the chef-inspired kitchen. Think stainless steel appliances, granite counters, custom backsplash, a huge island, and sleek ebony-toned cabinets. Plus, the dining area walks right out to a brand new deck—perfect for weekend hangouts and sunset dinners. The primary suite is your personal escape, with a walk-in closet and spa-style bath featuring a granite double vanity, soaking tub, heated tile floors and separate shower. A stunning laundry that actually makes laundry time fun – with upgraded machines and tons of storage. The powder bath is tucked here for convenience. Up a few steps and you’ll also find three more bedrooms, a full bath, flex space (hello, homework zone or creative nook! Downstairs? It’s game time. The lower level includes an oversized amusement room with space for a game table, fireplace with TV mount, trendy shiplap walls, and a bonus flex room with cool barn door access—ideal for a gym, office, or both. Step into a brand new bath featuring floor to ceiling custom tile – stunning. Don’t forget the garage—an oversized 3-stall, fully insulated space with a tall door perfect for lifted trucks or extra toys. It’s even prepped for heat! Modern finishes, smart spaces, and all the extras—this one’s a total vibe.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.45
Remaining Loan Term
26 years, 11 months
Monthly PITI
$2,724.06/mo
Estimated Loan Balance
$404,233
Cash to close
$193,187
Interest Paid
$42,015

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Engineered Wood
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Engineered Wood
  • Roof: Unknown
Condition
  • Year Built: 2014
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Donnelly Farm 4th Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Lakeville

Financial Details

  • Price per Sqft: $194.92
  • Tax Annual Amount: $5434
  • On Market Date: 2025-04-29T00:00:00.000Z
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 $193,187 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $193,187!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$381,813
Your Cash$193,187
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,816/mo
Traditional @ 7.15%
$2,851/mo
You save $1,035/month ($12,421/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6609758

Listing From: northstar

Last updated: 2025-05-03T02:24:03.000Z

© , 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

3.45%
7.15%

Principal & Interest

$1,816 /mo
$2,749 /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 $193,187 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $193,187!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$381,813
Your Cash$193,187
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,816/mo
Traditional @ 7.15%
$2,851/mo
You save $1,035/month ($12,421/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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