Cheryl Riley

Cheryl Riley

Property SearchContact
primary-1
primary-2primary-3
Closed

$550,000

($248,246 down)
VA

11600 Layton Avenue S, Cottage Grove, MN 55033

4
3
3,429 sqft
PITI Monthly
$2,066.35 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,499 /mo
$2,269 /mo

What's Special

ENTERTAINMENT
DINING
SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
FIREPLACE
DECK
SPRINKLER SYSTEM
SAFE

Stunning 4 bed, 3 bath home with breathtaking Mississippi River views! Set on 1.3+ acres, this 3,400+ sq ft retreat features 3 main-level bedrooms, including a beautiful primary suite with private ¾ bath. The spacious living area w/ a wood burning fireplace opens to a massive deck and 3 season porch—perfect for entertaining—while the modern kitchen boasts stainless steel appliances and a whole-house water filtration system. Great formal dining area for friend & family gatherings. The upper level loft provides a great entertaining space, for movies & entertainment w/ another deck to enjoy river views! The lower level features a walkout w/ a spacious bedroom and oversized family room area, including a converted electric fireplace. Enjoy year-round comfort with multiple heated and insulated 2-car garages (attached and detached), sprinkler system & a new stamped concrete driveway. A hidden fence keeps pets safe. With 700+ feet of decking, a 3-season porch, and peaceful wildlife views, this home is a true gem that must be seen to be fully appreciated.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.45
Remaining Loan Term
25 years, 2 months
Monthly PITI
$2,066.35/mo
Estimated Loan Balance
$304,264
Cash to close
$248,246
Interest Paid
$53,351

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric, Family Room, Living Room, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Invisible
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer, Septic System Compliant - Yes
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1969
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Pine Coulee 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Cottage Grove

Financial Details

  • Price per Sqft: $160.4
  • Tax Annual Amount: $4803
  • 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.

Apply now

Savings Calculator

Current cash to close is $248,246 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $248,246!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$301,754
Your Cash$248,246
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,499/mo
Traditional @ 7.15%
$2,354/mo
You save $855/month ($10,254/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6690032

Listing From: northstar

Last updated: 2025-04-13T20:55:03.000Z

© , 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

3.45%
7.15%

Principal & Interest

$1,499 /mo
$2,269 /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 $248,246 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $248,246!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$301,754
Your Cash$248,246
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,499/mo
Traditional @ 7.15%
$2,354/mo
You save $855/month ($10,254/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.

equal-housing

American Allstar Realty © is committed to and abides by the Fair Housing Act of Equal Opportunity.