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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$549,900

($70,077 down)
VA

20345 Gateway Drive, Lakeville, MN 55044

4
3
2,705 sqft
PITI Monthly
$3,792.93 /mo

Listing courtesy of: , Keller Williams Realty Integrity Lakes

Assumed Rate

6.81%
7.15%

Principal & Interest

$3,201 /mo
$3,313 /mo
$77,003 in interest paid off

What's Special

SERENE
ENTERTAINMENT
MODERN
FINISHED BASEMENT
WET BAR
DECK
Similar Lewis models currently sold by the builder—without a deck, gutters, or laundry—start at $580K or more. This home is an exceptional value!
Imagine moving into a home where everything is already in place—no waiting, no hassle. This nearly-new construction combines the ease of modern
living with the added benefit of thoughtful upgrades, ensuring both convenience and comfort. Plus, it comes with remaining builder warranties, giving
you peace of mind from day one. The sellers have invested over $50K in high-quality improvements that elevate this home beyond what ... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.81
Remaining Loan Term
27 years, 8 months
Monthly PITI
$3,792.93/mo
Estimated Loan Balance
$480,298
Cash to close
$70,077
Interest Paid
$77,003

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less, Rolled/Hot Mop
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer - In Street
  • 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, Vinyl Siding
  • Roof: Age 8 Years or Less, Rolled/Hot Mop
Condition
  • Year Built: 2022
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cedar Hills 2nd Add
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Associa Minnesota
  • HOA Amenities: Unknown
  • HOA Fee: $169
  • HOA Frequency: $Quarterly
Location
  • Region: Lakeville

Financial Details

  • Price per Sqft: $203.29
  • Tax Annual Amount: $5102
  • On Market Date: Jan 10, 2025
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Savings Calculator

Current cash to close is $70,077 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$
0%20%50%

You cover the entire equity of $70,077!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$479,823
Your Cash$70,077
Total Purchase Price:$549,900

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$3,201/mo
Traditional @ 7.15%
$3,437/mo
You save $235/month ($2,825/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6647103

Listing From: northstar

Last updated: Mar 03, 2025 02:59pm

© 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

6.81%
7.15%

Principal & Interest

$3,201 /mo
$3,313 /mo
$77,003 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 $70,077 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$
0%20%50%

You cover the entire equity of $70,077!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$479,823
Your Cash$70,077
Total Purchase Price:$549,900

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$3,201/mo
Traditional @ 7.15%
$3,437/mo
You save $235/month ($2,825/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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