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$374,898

($162,503 down)
FHA

9662 Hale Avenue S, Cottage Grove, MN 55016

3
2
1,811 sqft
PITI Monthly
$1,671.97 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

3.02%
7.15%

Principal & Interest

$998 /mo
$1,595 /mo

What's Special

LOCATION
MOVE-IN READY
MODERN
CONVENIENT LOCATION
CHARMING

Step into comfort and style with this charming 3 bedroom, 2 bathroom split-level home, featuring a 2 stall garage and a fenced backyard that is perfect for pets, play, or entertaining. The heart of the home is a nicely updated kitchen with modern finishes and a functional layout, making meal prep or hosting a gathering a breeze. The open and inviting living areas flow effortlessly, creating a warm and welcoming space for everyday living. Gaze upon the massive primary bedroom retreat complete with direct access to an updated pass-through bathroom, showcasing a beautiful tile shower surround for a spa-like feel. With thoughtful updates throughout and a convenient location close to schools and parks, this move-in ready home awaits you.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.02
Remaining Loan Term
25 years, 5 months
Monthly PITI
$1,671.97/mo
Estimated Loan Balance
$214,239
Cash to close
$162,503
Interest Paid
$31,114

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • 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: Chain Link, Wood
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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 1996
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Cottage Grove

Financial Details

  • Price per Sqft: $207.01
  • Tax Annual Amount: $4276
  • On Market Date: 2025-04-25T00:00:00.000Z
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 $162,503 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $162,503!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$212,395
Your Cash$162,503
Total Purchase Price:$374,898

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$998/mo
Traditional @ 7.15%
$1,655/mo
You save $656/month ($7,876/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6707210

Listing From: northstar

Last updated: 2025-05-02T10:07:03.000Z

© , 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

3.02%
7.15%

Principal & Interest

$998 /mo
$1,595 /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 $162,503 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $162,503!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$212,395
Your Cash$162,503
Total Purchase Price:$374,898

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$998/mo
Traditional @ 7.15%
$1,655/mo
You save $656/month ($7,876/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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