Laura Jewett

Laura Jewett

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Closed

$164,999

($34,803 down)
FHA

107 Memorial Drive NW, Hoffman, MN 56339

3
2
1,536 sqft
PITI Monthly
$1,166.94 /mo

Listing courtesy of: , Coldwell Banker Crown Realtors

Assumed Rate

6.27%
7.15%

Principal & Interest

$818 /mo
$895 /mo

What's Special

REMODELED
SPACIOUS
DECK

Come and take a look at this MUST SEE property for sale in Hoffman. Keep it as is and enjoy a 3 bed 2 bath Single family home, or buy this as your next rental property with the perfect duplex layout. The main floor offers 2 bedrooms, a bathroom, family room, and the kitchen with a lot of new updates throughout including the completely remodeled bathroom. The upstairs is currently being used as storage space but has a split entry that would allow you to make it a duplex or keep it as a single family home and add your finishing touches. Space is currently set up as a larger primary bedroom with a half bath, office space, and a family room area. Let your imagination run wild. Has a partially insulated attached garage with a enclosed breeze way that connects to the house and the back deck. Enjoy the view from the 12x22 deck as it looks over the very spacious and private back yard. Garden shed also goes with the property. Call today for a private showing.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.27
Remaining Loan Term
28 years, 0 months
Monthly PITI
$1,166.94/mo
Estimated Loan Balance
$130,873
Cash to close
$34,803
Interest Paid
$16,434

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1910
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hoffmans 2nd Auditors Sub
  • Features: Fully Wheelchair
HOA
  • Has HOA: No
Location
  • Region: Hoffman

Financial Details

  • Price per Sqft: $107.42
  • Tax Annual Amount: $1262
  • On Market Date: 2024-09-24T00:00:00.000Z
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 $34,803 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $34,803!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$130,196
Your Cash$34,803
Total Purchase Price:$164,999

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$818/mo
Traditional @ 7.5%
$929/mo
You save $111/month ($1,329/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6607395

Listing From: northstar

Last updated: 2024-12-05T01:14:02.000Z

© , 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

6.27%
7.15%

Principal & Interest

$818 /mo
$895 /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 $34,803 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $34,803!

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

Loan Breakdown

Assumed Mortgage6.27% Sellers Rate
$130,196
Your Cash$34,803
Total Purchase Price:$164,999

Assumed vs Traditional Mortgage

Assumed @ 6.27%
$818/mo
Traditional @ 7.5%
$929/mo
You save $111/month ($1,329/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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