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Closed
Closed

$345,000

($70,149 down)
FHA

8965 Olive Lane N, Maple Grove, MN 55311

4
3
2,220 sqft
PITI Monthly
$1,873.59 /mo

Listing courtesy of: , Fazendin REALTORS

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,215 /mo
$1,979 /mo
$28,989 in interest paid off

What's Special

SERENE
SHOPPING
DINING
SPACIOUS
GRANITE COUNTERTOPS
FIREPLACE
WALK-IN CLOSET
DECK
COZY
Welcome to this spacious 4 bedroom, 3 bath townhome boasting impressive flow, solid structure, and stylish finishes. As you enter the light and bright
main level, there is a living room with a cozy gas fireplace and a formal dining room with sliding doors to the newer deck with serene wetland views.
The kitchen has an updated backsplash and a center island with granite countertops. There is a walk-in closet for extra storage and a 1/2 bath when
you enter from the garage. The upper level includes 3 spacious bedrooms, a loft, a full bath, and a laundry closet. From the lower level, e... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$1,873.59/mo
Estimated Loan Balance
$275,407
Cash to close
$70,149
Interest Paid
$28,989

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: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less
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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1999
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cic 0843 Copper Marsh Coach Homes
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Omega Property Management
  • HOA Amenities: Unknown
  • HOA Fee: $316
  • HOA Frequency: $Monthly
Location
  • Region: Maple Grove

Financial Details

  • Price per Sqft: $155.41
  • Tax Annual Amount: $3612
  • On Market Date: Jun 11, 2024
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Savings Calculator

Current cash to close is $70,149 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$
0%20%50%

You cover the entire equity of $70,149!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$274,851
Your Cash$70,149
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,215/mo
Traditional @ 7.15%
$2,053/mo
You save $838/month ($10,056/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6546930

Listing From: northstar

Last updated: May 07, 2025 02:11am

© 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

2.87%
7.15%

Principal & Interest

$1,215 /mo
$1,979 /mo
$28,989 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 $70,149 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$
0%20%50%

You cover the entire equity of $70,149!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$274,851
Your Cash$70,149
Total Purchase Price:$345,000

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,215/mo
Traditional @ 7.15%
$2,053/mo
You save $838/month ($10,056/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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