Laura Jewett

Laura Jewett

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Closed

$189,900

($80,326 down)
FHA

1004 S Elm Avenue, Owatonna, MN 55060

2
2
1,048 sqft
PITI Monthly
$940.55 /mo

Listing courtesy of: , RE/MAX Venture

Assumed Rate

3.77%
7.15%

Principal & Interest

$563 /mo
$820 /mo

What's Special

REMODELED
DINING
MODERN
HARDWOOD FLOORS
FIREPLACE
CHARMING
COZY

This charming stucco home offers a perfect blend of character and modern updates! Step inside to find beautiful hardwood floors that flow seamlessly through the dining, living room and bedrooms. This remodeled kitchen is a must see. Featuring new cabinetry, updated appliances including a gas stove, and stylish concrete countertops, the backsplash and color palate choices are delightful. One can’t help but appreciate the natural light in the living space, plus newer windows! Cozy up in front of the fireplace, enjoy parking in your two stall garage, and this home’s exterior is freshly painted. Don’t miss out on this cozy, yet functional property!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.77
Remaining Loan Term
24 years, 7 months
Monthly PITI
$940.55/mo
Estimated Loan Balance
$116,387
Cash to close
$80,326
Interest Paid
$23,510

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, 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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1927
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Phelps Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $181.2
  • Tax Annual Amount: $1694
  • On Market Date: 2024-10-15T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $80,326 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $80,326!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$109,574
Your Cash$80,326
Total Purchase Price:$189,900

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$563/mo
Traditional @ 7.5%
$850/mo
You save $287/month ($3,442/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6616315

Listing From: northstar

Last updated: 2024-11-27T16:54:02.000Z

© , 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

3.77%
7.15%

Principal & Interest

$563 /mo
$820 /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 $80,326 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $80,326!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$109,574
Your Cash$80,326
Total Purchase Price:$189,900

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$563/mo
Traditional @ 7.5%
$850/mo
You save $287/month ($3,442/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© 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 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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