Cheryl Riley

Cheryl Riley

Property SearchContact
primary-1
primary-2primary-3
Active

$294,900

($99,203 down)
FHA

400 Kim Lane, Owatonna, MN 55060

4
2
1,901 sqft
PITI Monthly
$1,547.17 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

3.76%
7.15%

Principal & Interest

$962 /mo
$1,402 /mo

What's Special

LOCATION
SHOPPING
DINING
SPACIOUS
MODERN
DECK
PRIVATE BACKYARD

Welcome to this beautifully updated 4-bedroom, 2-bathroom home, ideally located within walking distance to all amenities you could possibly need. Offering both modern comfort and privacy, this home is perfect for those seeking a functional layout with space for everyone. Whether you're commuting or looking to be close to shopping, dining, schools, and parks, this location provides easy access to everything you need to make life convenient and enjoyable. The home boasts a unique and well-thought-out floor plan that balances open spaces with privacy. The spacious living areas flow seamlessly into one another, creating the perfect environment for both everyday living and entertaining. Each of the four bedrooms is generously sized, offering plenty of room for rest and relaxation. Step outside to your own private backyard oasis, where you can enjoy summer evenings on the spacious deck. The beautiful yard offers plenty of space for outdoor activities, gardening, or simply unwinding in peace. The attached 2-car garage adds extra convenience, providing ample storage and protection from the elements. With its prime location, functional layout, and outdoor space, this home is ready to offer you a lifestyle of comfort and ease. Don’t miss the opportunity to make this house your forever home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.76
Remaining Loan Term
27 years, 0 months
Monthly PITI
$1,547.17/mo
Estimated Loan Balance
$207,570
Cash to close
$99,203
Interest Paid
$22,775

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Architectural Shingle
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
  • Vinyl Siding
  • Roof: Architectural Shingle
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Radels Country Club # 4
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $155.13
  • Tax Annual Amount: $3452
  • On Market Date: 2025-04-07T00:00:00.000Z
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 $99,203 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $99,203!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$195,697
Your Cash$99,203
Total Purchase Price:$294,900

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$962/mo
Traditional @ 7.15%
$1,454/mo
You save $492/month ($5,901/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6695992

Listing From: northstar

Last updated: 2025-04-13T16:30:03.000Z

© , 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

3.76%
7.15%

Principal & Interest

$962 /mo
$1,402 /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 $99,203 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $99,203!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$195,697
Your Cash$99,203
Total Purchase Price:$294,900

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$962/mo
Traditional @ 7.15%
$1,454/mo
You save $492/month ($5,901/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.