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Closed
Closed

$374,900

($102,115 down)
FHA

8241 83rd Street S, Cottage Grove, MN 55016

5
3
2,741 sqft
PITI Monthly
$2,042.33 /mo

Listing courtesy of: , Keller Williams Integrity Realty

Assumed Rate

2.9%
7.15%

Principal & Interest

$1,213 /mo
$1,968 /mo
$28,477 in interest paid off

What's Special

SHOPPING
FIREPLACE
Magnificent 2 stories homes located in the heart of Cottage Grove. It comes with 5 large bedrooms on the same level, 3 bathrooms, a loft on upper
level, wood-burning fireplaces, double AC and furnaces, a big in-ground pool with new liner/heater, brand new roof and sidings, granite counter, new
appliances, new garage door, and a great sun room on main level. This home is situated near schools, parks, shopping centers, and easy access to
highways.
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.9
Remaining Loan Term
26 years, 6 months
Monthly PITI
$2,042.33/mo
Estimated Loan Balance
$288,703
Cash to close
$102,115
Interest Paid
$28,477

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
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
  • Wood Siding
  • Roof: Unknown
Condition
  • Year Built: 1962
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Thompson Grove Estates 1st Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Cottage Grove

Financial Details

  • Price per Sqft: $136.77
  • Tax Annual Amount: $5680
  • On Market Date: Oct 10, 2024
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Savings Calculator

Current cash to close is $102,115 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$
0%20%50%

You cover the entire equity of $102,115!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$272,785
Your Cash$102,115
Total Purchase Price:$374,900

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,213/mo
Traditional @ 7.15%
$2,041/mo
You save $828/month ($9,941/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6615908

Listing From: northstar

Last updated: Nov 21, 2024 08:45pm

© 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

2.9%
7.15%

Principal & Interest

$1,213 /mo
$1,968 /mo
$28,477 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 $102,115 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$
0%20%50%

You cover the entire equity of $102,115!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$272,785
Your Cash$102,115
Total Purchase Price:$374,900

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,213/mo
Traditional @ 7.15%
$2,041/mo
You save $828/month ($9,941/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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