Laura Jewett

Laura Jewett

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Closed

$175,000

($76,450 down)
FHA

1127 5th Street NW, Elk River, MN 55330

2
1
1,157 sqft
PITI Monthly
$846.11 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

3.23%
7.15%

Principal & Interest

$468 /mo
$728 /mo

What's Special

SHOPPING
DINING
SPACIOUS
WALK-IN CLOSET
PARKS NEARBY
CHARMING

Welcome to 1127 5th Street NW, a charming one & a half story single family home in the heart of Elk River! This beautifully updated home offers over 1,100 finished square feet, featuring 2 bedrooms & 1 bathroom. The main level boasts a spacious living room, large dining room, full bathroom, bedroom, & a kitchen with newer appliances, new hardwood laminate flooring, & an in-kitchen dining area leading to a wonderful mud room/laundry space perfect for any season! The upper level includes a versatile loft space & a large bedroom with a walk-in closet. This meticulously maintained home has been refreshed with new kitchen flooring, countertops, new paint & more! Enjoy the larger driveway & the big backyard, perfect for outdoor activities. Located within walking distance of downtown Elk River & The Mississippi River, you’ll have great highway access, multiple parks nearby, wonderful local shopping, & restaurants just a stroll away. Don’t miss this fantastic opportunity to own a lovely home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.23
Remaining Loan Term
25 years, 4 months
Monthly PITI
$846.11/mo
Estimated Loan Balance
$98,955
Cash to close
$76,450
Interest Paid
$15,483

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Forced Air
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt, Pitched
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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: Asphalt, Pitched
Condition
  • Year Built: 1890
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Houltons Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Elk River

Financial Details

  • Price per Sqft: $151.25
  • Tax Annual Amount: $1818
  • On Market Date: 2024-07-04T00:00:00.000Z
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 $76,450 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $76,450!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$98,550
Your Cash$76,450
Total Purchase Price:$175,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$468/mo
Traditional @ 7.5%
$756/mo
You save $287/month ($3,449/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6502404

Listing From: northstar

Last updated: 2024-09-05T13:15:02.000Z

© , 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

3.23%
7.15%

Principal & Interest

$468 /mo
$728 /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 $76,450 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $76,450!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$98,550
Your Cash$76,450
Total Purchase Price:$175,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$468/mo
Traditional @ 7.5%
$756/mo
You save $287/month ($3,449/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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