Laura Jewett

Laura Jewett

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$319,500

($118,681 down)
FHA

1118 3rd Avenue SE, Rochester, MN 55904

5
3
2,312 sqft
PITI Monthly
$1,511.42 /mo

Listing courtesy of: , Re/Max Results

Assumed Rate

2.94%
7.15%

Principal & Interest

$974 /mo
$1,572 /mo

What's Special

LOCATION
HARDWOOD FLOORS

Location, location, location! Rare, must to see, this home is bigger that you imagine, In the middle of the city, just 5 minutes from downtown, near to the bus stop, and walking distance to nearby parks, schools, restaurants, trails, mall, groceries, golf course and much more. Step inside to discover the beautiful hardwood floors in the main level. This home offers 5 bedrooms + 3 extra rooms (office, studio, den)3 bathrooms. Second kitchen in lower level and a lot of storage space. 2 Car garage with a large storage. This is the unique home that you’ve been looking for. This home offers incredible potential for customization and growth, making it the perfect canvas for someone to transform into their dream space or investment property. Schedule your showing today before is gone!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,511.42/mo
Estimated Loan Balance
$211,274
Cash to close
$118,681
Interest Paid
$28,796

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • 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: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water - In Street
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Auditors A
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $138.19
  • Tax Annual Amount: $2676
  • On Market Date: 2025-02-13T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $118,681 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $118,681!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$200,819
Your Cash$118,681
Total Purchase Price:$319,500

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$974/mo
Traditional @ 7.5%
$1,630/mo
You save $657/month ($7,881/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6671306

Listing From: northstar

Last updated: 2025-04-04T16:58:03.000Z

© , 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

2.94%
7.15%

Principal & Interest

$974 /mo
$1,572 /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 $118,681 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $118,681!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$200,819
Your Cash$118,681
Total Purchase Price:$319,500

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$974/mo
Traditional @ 7.5%
$1,630/mo
You save $657/month ($7,881/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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