Cheryl Riley

Cheryl Riley

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Closed

$450,000

($199,740 down)
VA

720 Ivanhoe Drive, Watertown, MN 55388

5
4
3,702 sqft
PITI Monthly
$1,745.39 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

2.74%
7.15%

Principal & Interest

$1,120 /mo
$1,855 /mo

What's Special

LOCATION
SERENE
ENTERTAINMENT
DINING
SPACIOUS
MOVE-IN READY
MODERN
FIREPLACE
WET BAR
DECK
LANDSCAPED
CUL-DE-SAC
COZY

This beautifully updated home offers the perfect blend of modern convenience, elegant design, and a serene natural setting. Situated in a quiet cul-de-sac and backing to acres of scenic parkland, it provides a peaceful retreat while remaining close to all the amenities of the community. The outdoor space is a true highlight, featuring a spacious two-level deck perfect for summer barbecues, a beautifully landscaped yard ideal for gardening or outdoor dining, and plenty of room for entertainment. Enjoy canoeing and kayaking in your outdoor river oasis. Inside, the thoughtfully designed layout offers both comfort and functionality. The vaulted family room, with its cozy fireplace and expansive windows, invites relaxation while capturing picturesque backyard views. The gourmet kitchen is a chef’s dream, complete with an expansive island that’s perfect for hosting gatherings or casual meals. Upstairs, the home boasts four generously sized bedrooms, including a primary suite with a spa-like en-suite bath. The lower level adds even more living space, featuring a fifth bedroom, wet bar, and entertainment area, ideal for guests or additional recreational use. Recent updates, including a new roof, siding, windows, and gutters, ensure that this home is not only beautiful but also move-in ready. (See supplement for a full list of improvements. A rare combination of thoughtful updates, stunning views, and a prime location—this is a home not to be missed.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.74
Remaining Loan Term
26 years, 0 months
Monthly PITI
$1,745.39/mo
Estimated Loan Balance
$250,807
Cash to close
$199,740
Interest Paid
$28,790

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Invisible
Roof
  • Roof: Age 8 Years or Less, Asphalt
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Kings Meadows
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Watertown

Financial Details

  • Price per Sqft: $121.56
  • Tax Annual Amount: $5706
  • On Market Date: 2025-02-28T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $199,740 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $199,740!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$250,260
Your Cash$199,740
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,120/mo
Traditional @ 7.15%
$1,924/mo
You save $804/month ($9,653/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6673813

Listing From: northstar

Last updated: 2025-04-11T17:20:04.000Z

© , 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

2.74%
7.15%

Principal & Interest

$1,120 /mo
$1,855 /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 $199,740 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $199,740!

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

Loan Breakdown

Assumed Mortgage2.74% Sellers Rate
$250,260
Your Cash$199,740
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 2.74%
$1,120/mo
Traditional @ 7.15%
$1,924/mo
You save $804/month ($9,653/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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