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Closed
Closed

$275,000

($114,767 down)
FHA

1689 Covington Lane, Eagan, MN 55122

3
2
1,412 sqft
PITI Monthly
$1,405.71 /mo

Listing courtesy of: , Forsalebyweb.com

Assumed Rate

4.01%
7.15%

Principal & Interest

$892 /mo
$1,260 /mo
$53,722 in interest paid off

What's Special

MINUTES AWAY
SHOPPING
ENTERTAINMENT
SPACIOUS
MASTER SUITE
DECK
FAMILY-FRIENDLY
COZY
Step into your dream home in the heart of Eagan, where comfort meets convenience. This 3bd, 2bath townhome boasts a spacious third room that can
be your master suite or cozy living room. Located just minutes away from all the shopping and entertainment you could desire, including the Mall of
America and the MN Zoo, this home offers the perfect balance of excitement and tranquility. But what truly sets this property apart is the O-M-G
Kitchen, a food enthusiast's dream come true. With new kitchen cabinets, quartz countertops, marble backsplash, farmhouse sink, and up... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.01
Remaining Loan Term
22 years, 3 months
Monthly PITI
$1,405.71/mo
Estimated Loan Balance
$160,588
Cash to close
$114,767
Interest Paid
$53,722

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Brick, Family Room, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, 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: Townhouse Quad/4 Corners
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt, Pitched
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Johnny Cake Ridge 2nd Add
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: First Services Residential
  • HOA Amenities: Unknown
  • HOA Fee: $275
  • HOA Frequency: $Monthly
Location
  • Region: Eagan

Financial Details

  • Price per Sqft: $194.76
  • Tax Annual Amount: $2782
  • On Market Date: Aug 30, 2024
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Savings Calculator

Current cash to close is $114,767 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$
0%20%50%

You cover the entire equity of $114,767!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$160,233
Your Cash$114,767
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$892/mo
Traditional @ 7.15%
$1,307/mo
You save $415/month ($4,983/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6594628

Listing From: northstar

Last updated: Oct 22, 2024 03:02pm

© 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

4.01%
7.15%

Principal & Interest

$892 /mo
$1,260 /mo
$53,722 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 $114,767 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$
0%20%50%

You cover the entire equity of $114,767!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$160,233
Your Cash$114,767
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$892/mo
Traditional @ 7.15%
$1,307/mo
You save $415/month ($4,983/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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