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Closed
Closed

$385,000

($222,821 down)
FHA

6367 Marx Avenue NE, Otsego, MN 55301

4
2
2,708 sqft
PITI Monthly
$1,589.69 /mo

Listing courtesy of: , Worth Clark Realty

Assumed Rate

4.12%
7.15%

Principal & Interest

$975 /mo
$1,360 /mo
$75,476 in interest paid off

What's Special

MINUTES AWAY
SHOPPING
DINING
SPACIOUS
MODERN
DECK
PATIO
LANDSCAPED
WALKING TRAILS
CHARMING
Back on the market!! Welcome home! This stunning 4-bedroom, 2-bathroom rambler is the epitome of modern comfort and convenience, nestled in a
picturesque neighborhood with quick access to Hwy 94. The open-concept design effortlessly blends elegance and functionality, offering a spacious
living environment ideal for both everyday living and entertaining. Step inside to discover freshly painted rooms and beautifully updated flooring
throughout. The heart of the home is the expansive living area, where natural light floods through large windows, creating a warm and in... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.12
Remaining Loan Term
19 years, 11 months
Monthly PITI
$1,589.69/mo
Estimated Loan Balance
$162,595
Cash to close
$222,821
Interest Paid
$75,476

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Block, Brick Veneer, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less
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: Above Ground

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Block, Brick Veneer, Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Otsego Preserve 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Otsego

Financial Details

  • Price per Sqft: $142.17
  • Tax Annual Amount: $3866
  • On Market Date: Sep 12, 2024
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Savings Calculator

Current cash to close is $222,821 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$
0%20%50%

You cover the entire equity of $222,821!

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

Loan Breakdown

Assumed Mortgage4.12% Sellers Rate
$162,179
Your Cash:$222,821
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 4.12%
$975/mo
Traditional @ 7.15%
$1,410/mo
You save $435/month ($5,223/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6601263

Listing From: northstar

Last updated: May 06, 2025 05:58pm

© 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

4.12%
7.15%

Principal & Interest

$975 /mo
$1,360 /mo
$75,476 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 $222,821 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$
0%20%50%

You cover the entire equity of $222,821!

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

Loan Breakdown

Assumed Mortgage4.12% Sellers Rate
$162,179
Your Cash:$222,821
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 4.12%
$975/mo
Traditional @ 7.15%
$1,410/mo
You save $435/month ($5,223/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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