Laura Jewett

Laura Jewett

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Closed

$445,000

($35,176 down)
FHA

11977 71st Street NE, Otsego, MN 55301

5
3
2,580 sqft
PITI Monthly
$3,471.31 /mo

Listing courtesy of: , Keller Williams Classic Rlty NW

Assumed Rate

6.36%
7.15%

Principal & Interest

$2,630 /mo
$2,852 /mo

What's Special

MASTER SUITE
DECK
FENCED YARD
COMMUNITY POOL
CUL-DE-SAC

Welcome home to this wonderful property that is loaded w/top of the line features & upgrades! Located in the heart of Otsego in Martin Farms, you get access to 2 community pools, a park w/a basketball court, tot-lot, soccer field & seasonal social events. As you pull in your drive off the cul-de-sac, you are greeted by an elegant front porch! As you step in, the main level is surrounded by windows to your kitchen & living room area that offers a new composite deck, gazebo w/ privacy screen, deck furniture, & gas grill to stay! Don’t forget your fully fenced yard w/ irrigation! Kitchen offers white cabinets, quartz countertops, SS appliances and huge center island perfect for entertaining. Main level offers master suite w/an add’l bed, 2 full baths & laundry. Large lower level offers 3 bedrooms w/ 3rd full bath & tons of additional space for storage! This home fits the parameters as a model home and it shows wonderfully! Come check us out as we are currently adding the 4th & 5th bed to the lower level!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.36
Remaining Loan Term
27 years, 10 months
Monthly PITI
$3,471.31/mo
Estimated Loan Balance
$415,253
Cash to close
$35,176
Interest Paid
$57,476

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age 8 Years or Less, 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: Below Ground, Heated, Outdoor Pool, Shared

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 2020
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Martin Farms 6th Add
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Associa MN
  • HOA Amenities: Unknown
  • HOA Fee: $198
  • HOA Frequency: $Quarterly
Location
  • Region: Otsego

Financial Details

  • Price per Sqft: $172.48
  • Tax Annual Amount: $4708
  • On Market Date: 2024-05-07T00:00:00.000Z
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 $35,176 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $35,176!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$409,824
Your Cash$35,176
Total Purchase Price:$445,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,630/mo
Traditional @ 7.5%
$2,958/mo
You save $328/month ($3,936/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6532373

Listing From: northstar

Last updated: 2024-09-30T13:51:02.000Z

© , 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

6.36%
7.15%

Principal & Interest

$2,630 /mo
$2,852 /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 $35,176 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $35,176!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$409,824
Your Cash$35,176
Total Purchase Price:$445,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,630/mo
Traditional @ 7.5%
$2,958/mo
You save $328/month ($3,936/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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