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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$349,999

($159,889 down)
FHA

8647 Gatewater Drive, Monticello, MN 55362

4
2
2,229 sqft
PITI Monthly
$1,645.23 /mo

Listing courtesy of: , West Metro Real Estate Group

Assumed Rate

3.9%
7.15%

Principal & Interest

$1,047 /mo
$1,499 /mo
$61,460 in interest paid off

What's Special

DESIRED
SHOPPING
FIREPLACE
VAULTED CEILINGS
DECK
Highly desired area in Carlisle Village with Quality Built home and Open Floor Plan. Beautiful tiled entry. New carpet entire upper level accents the
gorgeous hardwood floor. Kitchen provides separate granite island, pantry cabinet with pull out drawers. Vaulted Ceilings. Four Bedrooms (3 upper
level) 1 full bath and 1 walk-in large tiled shower 3/4 bath in lower level. Huge family room with stunning gas fireplace & surround speaker system with
built-ins. Walkout to your backyard of apple trees, pond and 20x8 custom paver fire-pit. Tons of Natural Lighting to brighten your home. ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.9
Remaining Loan Term
22 years, 4 months
Monthly PITI
$1,645.23/mo
Estimated Loan Balance
$196,379
Cash to close
$159,889
Interest Paid
$61,460

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Decorative, Family Room, Gas, Insert
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age Over 8 Years
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 2005
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Carlisle Village
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Monticello

Financial Details

  • Price per Sqft: $157.02
  • Tax Annual Amount: $3496
  • On Market Date: Sep 20, 2024
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Savings Calculator

Current cash to close is $159,889 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
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0%20%50%

You cover the entire equity of $159,889!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$190,110
Your Cash$159,889
Total Purchase Price:$349,999

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,047/mo
Traditional @ 7.15%
$1,555/mo
You save $508/month ($6,096/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6605743

Listing From: northstar

Last updated: May 06, 2025 07:48pm

© 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

$1,047 /mo
$1,499 /mo
$61,460 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 $159,889 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$
0%20%50%

You cover the entire equity of $159,889!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$190,110
Your Cash$159,889
Total Purchase Price:$349,999

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,047/mo
Traditional @ 7.15%
$1,555/mo
You save $508/month ($6,096/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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