Laura Jewett

Laura Jewett

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Closed

$699,000

($235,108 down)
VA

1558 Echo Ridge Road SW, Rochester, MN 55902

5
4
3,460 sqft
PITI Monthly
$2,992.6 /mo

Listing courtesy of: , Upside Real Estate

Assumed Rate

3.23%
7.15%

Principal & Interest

$2,204 /mo
$3,429 /mo

What's Special

SPACIOUS
HARDWOOD FLOORS
STAINLESS STEEL APPLIANCES
FIREPLACE
PATIO

This beautifully maintained 5-bedroom, 4-bathroom home offers a wealth of features, including a covered back patio with an outdoor brick fireplace and a heated 3-car garage, all set in a spacious fenced in yard. The main level showcases hardwood floors, recessed lighting, and a gas fireplace framed by built-ins, while the kitchen is highlighted by granite counters, stainless steel appliances, and a sizable corner pantry. Upstairs, you'll find a primary suite complete with a luxurious bathroom and three additional bedrooms near a convenient laundry room. The finished lower level offers egress windows, a family room, a fifth bedroom, and ample storage, while the home is equipped with a furnace humidifier, radon mitigation system, and two-zone climate control for added comfort.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.23
Remaining Loan Term
25 years, 5 months
Monthly PITI
$2,992.6/mo
Estimated Loan Balance
$466,743
Cash to close
$235,108
Interest Paid
$71,647

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Brick, Fireplace Footings, Gas, Living Room, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Full, Wood
Roof
  • Roof: Asphalt
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
  • Brick/Stone, Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 2011
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Echo Ridge
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $202.02
  • Tax Annual Amount: $7464
  • On Market Date: 2024-10-02T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $235,108 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $235,108!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$463,892
Your Cash$235,108
Total Purchase Price:$699,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$2,204/mo
Traditional @ 7.5%
$3,557/mo
You save $1,353/month ($16,234/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6610127

Listing From: northstar

Last updated: 2024-11-01T16:58:02.000Z

© , 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

$2,204 /mo
$3,429 /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 $235,108 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $235,108!

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

Loan Breakdown

Assumed Mortgage3.23% Sellers Rate
$463,892
Your Cash$235,108
Total Purchase Price:$699,000

Assumed vs Traditional Mortgage

Assumed @ 3.23%
$2,204/mo
Traditional @ 7.5%
$3,557/mo
You save $1,353/month ($16,234/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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