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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$199,900

($119,479 down)
FHA

131 Riverside Avenue, Owatonna, MN 55060

4
2
1,739 sqft
PITI Monthly
$823.88 /mo

Listing courtesy of: , RE/MAX Venture

Assumed Rate

4.44%
7.15%

Principal & Interest

$459 /mo
$616 /mo
$26,613 in interest paid off

What's Special

DINING
COZY
DON’T BE FOOLED by the curbside view of this property! Walking through the front door of the neat and well-maintained home, you’ll find a
comfortable living room featuring a bright bow window, followed by the dining room and kitchen, with 2 bedrooms and a full bath rounding out the
main floor. Head downstairs to another 2 bedrooms, a cozy game/reading nook, and a half bath that is complemented by a shower in the adjacent
laundry room. BUT WAIT! The lower level back door then leads to the 720 sq ft 3-stall garage, with plenty of room for vehicles and worksh... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.44
Remaining Loan Term
23 years, 0 months
Monthly PITI
$823.88/mo
Estimated Loan Balance
$84,267
Cash to close
$119,479
Interest Paid
$26,613

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Other
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Other
  • Roof: Asphalt
Condition
  • Year Built: 1929
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Riverside
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $114.95
  • Tax Annual Amount: $1804
  • On Market Date: Sep 20, 2024
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Savings Calculator

Current cash to close is $119,479 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$
0%20%50%

You cover the entire equity of $119,479!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$80,421
Your Cash:$119,479
Total Purchase Price:$199,900

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$459/mo
Traditional @ 7.15%
$639/mo
You save $180/month ($2,161/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6605312

Listing From: northstar

Last updated: Jan 02, 2025 05:00pm

© 2025, 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

4.44%
7.15%

Principal & Interest

$459 /mo
$616 /mo
$26,613 in interest paid off
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 $119,479 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$
0%20%50%

You cover the entire equity of $119,479!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$80,421
Your Cash:$119,479
Total Purchase Price:$199,900

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$459/mo
Traditional @ 7.15%
$639/mo
You save $180/month ($2,161/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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