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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$340,000

($110,609 down)
FHA

14061 Timothy Avenue NE, Prior Lake, MN 55372

4
2
1,880 sqft
PITI Monthly
$1,804.43 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

3.7%
7.15%

Principal & Interest

$1,164 /mo
$1,708 /mo
$46,648 in interest paid off

What's Special

OPEN CONCEPT
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
DECK
PATIO
Fantastic opportunity for a rambler home on .34 of an acre with an option to Boudin's Manor Association that offers access to the private boat launch
and pavilion on Lower Prior Lake. This 1,880-square-foot home has three bedrooms on the main level with open concept living/kitchen and dining. The
bright, white, kitchen has stainless steel appliances (new dishwasher in 2023) and granite counter at the kitchen island. Spacious deck overlooks the
fenced backyard and a concrete patio. The lower level has a 12' x 22' primary bedroom with egress/lookout windows, a three-quarter bat... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.7
Remaining Loan Term
24 years, 9 months
Monthly PITI
$1,804.43/mo
Estimated Loan Balance
$246,897
Cash to close
$110,609
Interest Paid
$46,648

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Asphalt
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
  • Metal Siding
  • Roof: Asphalt
Condition
  • Year Built: 1977
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Boudins Manor 4th Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Prior Lake

Financial Details

  • Price per Sqft: $180.85
  • Tax Annual Amount: $3739
  • On Market Date: Sep 19, 2024
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Savings Calculator

Current cash to close is $110,609 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
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0%20%50%

You cover the entire equity of $110,609!

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

Loan Breakdown

Assumed Mortgage3.7% Sellers Rate
$229,391
Your Cash$110,609
Total Purchase Price:$340,000

Assumed vs Traditional Mortgage

Assumed @ 3.7%
$1,164/mo
Traditional @ 7.15%
$1,771/mo
You save $608/month ($7,291/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6603969

Listing From: northstar

Last updated: Dec 13, 2024 03:42pm

© 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

3.7%
7.15%

Principal & Interest

$1,164 /mo
$1,708 /mo
$46,648 in interest paid off
Inquire about this property
​
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​
​
​

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 $110,609 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$
0%20%50%

You cover the entire equity of $110,609!

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

Loan Breakdown

Assumed Mortgage3.7% Sellers Rate
$229,391
Your Cash$110,609
Total Purchase Price:$340,000

Assumed vs Traditional Mortgage

Assumed @ 3.7%
$1,164/mo
Traditional @ 7.15%
$1,771/mo
You save $608/month ($7,291/year)

*Secondary financing rates are an estimated value based on input

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