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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$475,000

($226,300 down)
FHA

5195 194th Street W, Farmington, MN 55024

4
4
2,459 sqft
PITI Monthly
$2,154.73 /mo

Listing courtesy of: , Keller Williams Preferred Rlty

Assumed Rate

3.9%
7.15%

Principal & Interest

$1,366 /mo
$1,956 /mo
$80,221 in interest paid off

What's Special

REMODELED
EFFICIENT
Your own personal oasis is calling you! This great two-story home with an in-ground pool calling your name. This property offers 4 bedrooms on the
upper level and 4 bathrooms. New siding, fascia, and gutter screens (2021), new energy efficient furnace and AC unit (2021), pool liner and pool heater
(2020), beautifully remodeled custom kitchen and stainless-steel appliances (2017), solid white interior doors on the upper and main level (2024), and
the list goes on. Set up a showing today!
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.9
Remaining Loan Term
22 years, 4 months
Monthly PITI
$2,154.73/mo
Estimated Loan Balance
$274,420
Cash to close
$226,300
Interest Paid
$80,221

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Privacy, Wood
Roof
  • Roof: Age Over 8 Years, Architectural Shingle
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: Below Ground, Heated

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age Over 8 Years, Architectural Shingle
Condition
  • Year Built: 1994
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Limerock Ridge
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Farmington

Financial Details

  • Price per Sqft: $193.17
  • Tax Annual Amount: $5000
  • On Market Date: Aug 23, 2024
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Savings Calculator

Current cash to close is $226,300 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$
0%20%50%

You cover the entire equity of $226,300!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$248,700
Your Cash$226,300
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,366/mo
Traditional @ 7.15%
$2,029/mo
You save $663/month ($7,957/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6591520

Listing From: northstar

Last updated: May 06, 2025 04:00pm

© 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

3.9%
7.15%

Principal & Interest

$1,366 /mo
$1,956 /mo
$80,221 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 $226,300 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$
0%20%50%

You cover the entire equity of $226,300!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$248,700
Your Cash$226,300
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,366/mo
Traditional @ 7.15%
$2,029/mo
You save $663/month ($7,957/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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