Cheryl Riley

Cheryl Riley

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$435,000

($207,599 down)
FHA

5383 County Road 6 SW, Howard Lake, MN 55349

2
2
1,800 sqft
PITI Monthly
$1,615.82 /mo

Listing courtesy of: , Keller Williams Integrity NW

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,088 /mo
$1,708 /mo

What's Special

REMODELED
FRESH PAINT
SPACIOUS
MODERN
FIREPLACE
FINISHED BASEMENT
WET BAR
PATIO
COZY
RENTAL INCOME

Enjoy lake life at its finest with this beautifully updated 2-bedroom, 2-bath home offering 120 feet of prime sandy shoreline on Howard Lake. Step inside to a completely remodeled interior featuring brand-new appliances, fresh paint, new flooring, modern bathrooms, updated lighting, fans, updated boiler and water softener. The main level offers convenient laundry, a cozy wood-burning fireplace (set up for an electric insert), and a spacious open layout perfect for everyday living. Downstairs, you'll find a fully finished basement with a wet bar, additional laundry units, and a second fireplace—also ready for an electric insert—making it an ideal setup for a mother-in-law suite or potential rental income. Relax on the beautiful front patio or entertain in the fully fenced backyard. The oversized 2-car garage provides plenty of storage, and the expanded driveway offers even more parking space for guests. Whether you’re looking for a year-round home or the perfect lakeside getaway, this property offers the ideal blend of comfort, flexibility, and lakeshore charm. Come see what lake life has to offer!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 4 months
Monthly PITI
$1,615.82/mo
Estimated Loan Balance
$114,431
Cash to close
$207,599
Interest Paid
$35,489

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Boiler, Fireplace(s), Hot Water
Features
  • Materials: Brick/Stone, Fiber Board
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Brick, Family Room, Insert, Living Room, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Partial
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer, Tank with Drainage Field
  • Water Source: Private, Well
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Fiber Board
  • Roof: Asphalt
Condition
  • Year Built: 1962
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lakeview
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Howard Lake

Financial Details

  • Price per Sqft: $241.67
  • Tax Annual Amount: $2386
  • On Market Date: 2025-04-07T00:00:00.000Z
Inquire about this property

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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 $207,599 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $207,599!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$227,401
Your Cash$207,599
Total Purchase Price:$435,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,088/mo
Traditional @ 7.15%
$1,771/mo
You save $683/month ($8,201/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6698317

Listing From: northstar

Last updated: 2025-04-14T01:49:03.000Z

© , 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

3.16%
7.15%

Principal & Interest

$1,088 /mo
$1,708 /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 $207,599 (48%)
You can enter any amount below - secondary financing will cover the difference if needed.
48%
$

You cover the entire equity of $207,599!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$227,401
Your Cash$207,599
Total Purchase Price:$435,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,088/mo
Traditional @ 7.15%
$1,771/mo
You save $683/month ($8,201/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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