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Closed
Closed

$365,000

($59,471 down)
FHA

1537 Willow Drive, Red Wing, MN 55066

4
3
2,086 sqft
PITI Monthly
$2,252.8 /mo

Listing courtesy of: , Keller Williams Preferred Realty

Assumed Rate

4.17%
7.15%

Principal & Interest

$1,555 /mo
$2,155 /mo
$38,905 in interest paid off

What's Special

SERENE
DINING
SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
FIREPLACE
VAULTED CEILINGS
DECK
PATIO
COZY
Welcome to 1537 Willow Drive! This beautiful home boasts recent updates, including fresh flooring, new landscaping, modern bathroom fixtures, a tiled
shower, and more. The main level features an open floor plan with a cozy gas fireplace in the living room, a sleek kitchen equipped with stainless steel
appliances, a gas range, hard surface countertops, and a convenient pantry. Step into the spacious three-season porch with vaulted ceilings, offering
access to the relaxing patio. The dining room opens to a maintenance-free deck overlooking the serene backyard. This home offers 5 bed... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.17
Remaining Loan Term
27 years, 0 months
Monthly PITI
$2,252.8/mo
Estimated Loan Balance
$324,093
Cash to close
$59,471
Interest Paid
$38,905

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial, Privacy, Wood
Roof
  • Roof: Asphalt, Pitched
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
  • Brick/Stone, Wood Siding
  • Roof: Asphalt, Pitched
Condition
  • Year Built: 1971
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Birchwood Vlge Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Red Wing

Financial Details

  • Price per Sqft: $174.98
  • Tax Annual Amount: $3862
  • On Market Date: Sep 28, 2024
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Savings Calculator

Current cash to close is $59,471 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$
0%20%50%

You cover the entire equity of $59,471!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$305,529
Your Cash$59,471
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$1,555/mo
Traditional @ 7.15%
$2,236/mo
You save $681/month ($8,169/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6606408

Listing From: northstar

Last updated: Sep 30, 2024 08:05pm

© 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

4.17%
7.15%

Principal & Interest

$1,555 /mo
$2,155 /mo
$38,905 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 $59,471 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$
0%20%50%

You cover the entire equity of $59,471!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$305,529
Your Cash$59,471
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$1,555/mo
Traditional @ 7.15%
$2,236/mo
You save $681/month ($8,169/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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