Laura Jewett

Laura Jewett

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Closed

$505,000

($216,497 down)
FHA

1035 Meadow Lane, Waconia, MN 55387

5
4
2,560 sqft
PITI Monthly
$2,497.11 /mo

Listing courtesy of: , Keller Williams Premier Realty Lake Minnetonka

Assumed Rate

4.01%
7.15%

Principal & Interest

$1,616 /mo
$2,284 /mo

What's Special

SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
FIREPLACE
FINISHED BASEMENT
DECK
FAMILY-FRIENDLY
COZY

Welcome to this spacious 5-bed, 4-bath home located in the highly sought-after Interlaken neighborhood! Just one block from Interlaken Park, this home offers access to green spaces and a family-friendly community. The large yard and easy access to Highways 5 and 10 make commuting simple and outdoor living enjoyable. At the heart of the home is a modern kitchen with quartz countertops and stainless steel appliances, including a gas stove, dishwasher, and microwave (2013), along with a newer fridge (2021). The living room features built-ins and a cozy fireplace, adding both character and functionality. Step outside to relax under the pergola on the maintenance-free deck, perfect for entertaining. The finished basement provides additional living space, and the heated garage ensures comfort and convenience during colder months. With decorative accents throughout, this warm and inviting home is close to neighborhood parks and just minutes from the shops and restaurants in downtown Waconia. This is the perfect place to call home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.01
Remaining Loan Term
22 years, 3 months
Monthly PITI
$2,497.11/mo
Estimated Loan Balance
$291,091
Cash to close
$216,497
Interest Paid
$97,379

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Brick, Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Water Source: City Water/Connected, City Water - In Street
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 2013
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Interlaken 5th Add
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Gassen Management
  • HOA Amenities: Unknown
  • HOA Fee: $150
  • HOA Frequency: $Annually
Location
  • Region: Waconia

Financial Details

  • Price per Sqft: $197.27
  • Tax Annual Amount: $5694
  • On Market Date: 2024-10-07T00:00:00.000Z
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 $216,497 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $216,497!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$288,503
Your Cash$216,497
Total Purchase Price:$505,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$1,616/mo
Traditional @ 7.5%
$2,369/mo
You save $753/month ($9,033/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6617849

Listing From: northstar

Last updated: 2024-11-18T16:56:02.000Z

© , 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

4.01%
7.15%

Principal & Interest

$1,616 /mo
$2,284 /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 $216,497 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $216,497!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$288,503
Your Cash$216,497
Total Purchase Price:$505,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$1,616/mo
Traditional @ 7.5%
$2,369/mo
You save $753/month ($9,033/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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