Laura Jewett

Laura Jewett

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Closed

$424,900

($107,542 down)
VA

123 7th Street NE, Melrose, MN 56352

5
4
4,935 sqft
PITI Monthly
$1,643.95 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

2.9%
7.15%

Principal & Interest

$1,402 /mo
$2,275 /mo

What's Special

MODERN
FINISHED BASEMENT

This stunning 5-bedroom, 4-bathroom home offers an abundance of space, perfect for comfortable living and entertaining. The large backyard is ideal for outdoor gatherings, gardening, or simply relaxing in your own private space. Inside, you'll find a bright, open floor plan with plenty of natural light, and the finished basement provides additional living or recreational space. The property boasts a brand-new roof (2023), ensuring peace of mind and low maintenance. With ample room for everyone, this home combines modern updates with versatile space, ready to accommodate your lifestyle needs. Don't miss out on this inviting property!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.9
Remaining Loan Term
26 years, 8 months
Monthly PITI
$1,643.95/mo
Estimated Loan Balance
$318,624
Cash to close
$107,542
Interest Paid
$31,424

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt, Other
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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
  • Steel Siding
  • Roof: Asphalt, Other
Condition
  • Year Built: 1995
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Melrose Highlands III
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Melrose

Financial Details

  • Price per Sqft: $86.1
  • Tax Annual Amount: $1100
  • On Market Date: 2024-08-16T00:00:00.000Z
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 $107,542 (25%)
You can enter any amount below - secondary financing will cover the difference if needed.
25%
$

You cover the entire equity of $107,542!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$317,358
Your Cash$107,542
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,402/mo
Traditional @ 7.5%
$2,360/mo
You save $958/month ($11,496/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6570451

Listing From: northstar

Last updated: 2024-10-31T16:50:02.000Z

© , 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

2.9%
7.15%

Principal & Interest

$1,402 /mo
$2,275 /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 $107,542 (25%)
You can enter any amount below - secondary financing will cover the difference if needed.
25%
$

You cover the entire equity of $107,542!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$317,358
Your Cash$107,542
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$1,402/mo
Traditional @ 7.5%
$2,360/mo
You save $958/month ($11,496/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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