Laura Jewett

Laura Jewett

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Closed

$185,000

($78,061 down)
FHA

123 River Woods Lane, Burnsville, MN 55337

3
2
1,408 sqft
PITI Monthly
$1,087.1 /mo

Listing courtesy of: , Engel & Volkers Prior Lake

Assumed Rate

4%
7.15%

Principal & Interest

$652 /mo
$922 /mo

What's Special

LOCATION
SPACIOUS
STAINLESS STEEL APPLIANCES
INVESTMENT OPPORTUNITY

Discover the potential in this spacious 3-bedroom townhome, perfect for adding your personal touch. This property is an excellent investment opportunity or equity builder, with similar layouts recently selling for $240,000 in the development. The kitchen features stainless steel appliances and an attractive tile backsplash. All bedrooms are conveniently located on one level and are nicely sized. The association offers a variety of amenities, including a pool, basketball and pickleball courts, mini golf, and sand volleyball courts. The location is ideal, with proximity to parks, disc golf courses, mountain biking, and cross-country trails. Enjoy easy access to stores, restaurants, and the MSP airport.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4
Remaining Loan Term
19 years, 2 months
Monthly PITI
$1,087.1/mo
Estimated Loan Balance
$120,640
Cash to close
$78,061
Interest Paid
$52,774

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
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: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • 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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Unknown
Condition
  • Year Built: 1973
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Townhouse Villages At River Woods 3rd A
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Townhouse Villages at River Woods
  • HOA Amenities: Unknown
  • HOA Fee: $338
  • HOA Frequency: $Monthly
Location
  • Region: Burnsville

Financial Details

  • Price per Sqft: $131.39
  • Tax Annual Amount: $2266
  • On Market Date: 2024-07-15T00:00:00.000Z
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 $78,061 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $78,061!

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

Loan Breakdown

Assumed Mortgage4% Sellers Rate
$106,939
Your Cash$78,061
Total Purchase Price:$185,000

Assumed vs Traditional Mortgage

Assumed @ 4%
$652/mo
Traditional @ 7.5%
$956/mo
You save $305/month ($3,655/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6570059

Listing From: northstar

Last updated: 2024-08-26T14:07:02.000Z

© , 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

4%
7.15%

Principal & Interest

$652 /mo
$922 /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 $78,061 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $78,061!

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

Loan Breakdown

Assumed Mortgage4% Sellers Rate
$106,939
Your Cash$78,061
Total Purchase Price:$185,000

Assumed vs Traditional Mortgage

Assumed @ 4%
$652/mo
Traditional @ 7.5%
$956/mo
You save $305/month ($3,655/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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