Cheryl Riley

Cheryl Riley

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$115,000

($47,407 down)
FHA

109 3rd Street, Lyle, MN 55953

2
1
988 sqft
PITI Monthly
$579.55 /mo

Listing courtesy of: , Land Resource Mgmt & Rlty Inc.

Assumed Rate

2.96%
7.15%

Principal & Interest

$309 /mo
$497 /mo

What's Special

LOCATION
AFFORDABLE

2 bedroom, 1 bathroom home on a quiet corner lot in Lyle, MN. All living on one level, updated flooring/trim, installed fence around yard. Great location near the edge of town! Come see all this affordable property has to offer!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.96
Remaining Loan Term
26 years, 3 months
Monthly PITI
$579.55/mo
Estimated Loan Balance
$74,022
Cash to close
$47,407
Interest Paid
$7,852

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Forced Air
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Steel Siding
  • Roof: Asphalt
Condition
  • Year Built: 1903
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Lyle

Financial Details

  • Price per Sqft: $116.4
  • Tax Annual Amount: $822
  • On Market Date: 2025-04-08T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $47,407 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $47,407!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$67,593
Your Cash$47,407
Total Purchase Price:$115,000

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$309/mo
Traditional @ 7.15%
$516/mo
You save $207/month ($2,484/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6701273

Listing From: northstar

Last updated: 2025-04-15T10:03:04.000Z

© , 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

2.96%
7.15%

Principal & Interest

$309 /mo
$497 /mo
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 $47,407 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $47,407!

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

Loan Breakdown

Assumed Mortgage2.96% Sellers Rate
$67,593
Your Cash$47,407
Total Purchase Price:$115,000

Assumed vs Traditional Mortgage

Assumed @ 2.96%
$309/mo
Traditional @ 7.15%
$516/mo
You save $207/month ($2,484/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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