1104 W Lake Drive 5 - Detroit Lakes, MN    |    MLS: 6786717
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$524,900
3
1 Full & 1 Half & 1 Three Quarter
1937
1908
pud
$524,900
3
1 Full & 1 Half & 1 Three Quarter
1937
1908
pud

This property was recently listed for sale.

If you are interested in moving to the Lake, this property offers an easy place to start the dream. The HOA fee of $300 per month covers the natural gas, sewer and water, snow removal and lawn care, dock install and removal. The views of Detroit Lake from this updated 3 bedroom updated Twin Home are hard to beat. The elevation not only provides the panoramic views, it also provides privacy and allows the Summer breezes to sweep through the area and assist in your relaxation. This property shares 190ft of shoreline and dock on Detroit Lake. The 2 stall garage was built in 2022 with GDO and 200 amp service for a hot tub and other appliances. #livethedreamnow

Mortgage Payments | Have a Question?
For informational purposes only: REMAX Lakes Region is not a mortgage lender. Contact Minuteman Mortgage directly for more information. The payments shown assume an Asking Price of $524,900 with a Down Payment of $104,980 and a Loan Amount of $419,920
  Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
  30 Year Fixed15 Year FixedFHA 30 Year FixedVA 30yr FixedUSDA Rural Housing
 Loan Amount: $419,920$419,920$515,393$536,185$530,202
 Down Payment: $104,980$104,980$18,372
^*FHA Minimum Down Payment - The down payment of $18,372 is 3.5% as FHA loans allow for lower down payments. You can change the down payment amount above.
$0
^**VA Minimum Down Payment - VA loans offer Servicemembers, Veterans, and eligible surviving spouses certain loan benefits. This includes zero down payment, lower costs and potentially more flexible qualifying guidelines. You can change the down payment amount with this display to help you understand the potential payment.
$0
^***USDA Minimum Down Payment - A USDA loan offers zero down payment, good market interest rates and potentially more flexible qualifying guidelines. You can change the down payment amount with this display to help you understand the potential payment.
   Term (Months): 360180360360360
   Interest Rate: 6.441%5.788%5.794%5.702%5.680%
   APR: 6.609%6.055%6.687%6.072%6.308%
   Points: 11111
   Principal & Interest: $2,638$3,496$3,022^*$3,113$3,071
   Property Taxes (Est.**): $525$525$525$525$525
   Homeowners Insurance: $150$150$150$150$150
   HOA/Dues/Fees: $300$300$300$300$300
   PMI: $0$0$231$0$155
Total Payment*: $3,613$4,471$4,228^*$4,088$4,201
TRID Info Icon Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. See page two for more disclosures.
TRID Info Icon Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. See page two for more disclosures.

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*Total payment includes an estimation of principal and interest payment, property taxes, HOA/dues/fees, home owners insurance and private mortgage insurance (PMI) if applicable. Monthly Payment amounts above are based on estimates, may be greater and may not apply to your situation and can change without notice. **Annual Taxes are estimated to be 1.20% of the list or purchase price. ^*FHA loans allow for a 3.5% Down Payment. ^**VA loans require proof of the veteran's eligibility status. ^**VA loans allow for a 0.0% Down Payment. ^***USDA loans allow for a 0.0% Down Payment. USDA Disclosure.
Loan Officer Brian Merritt

Brian Merritt

nmls ID 292485
Minuteman Mortgage
 Brian@MinutemanMtg.com
www.MyMinnesotaHomeLoan.com
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