Laura Jewett

Laura Jewett

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Closed

$565,000

($307,989 down)
VA

16040 University Avenue NW, Andover, MN 55304

3
4
3,574 sqft
PITI Monthly
$2,283.53 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

3.5%
7.15%

Principal & Interest

$1,605 /mo
$2,415 /mo

What's Special

SPACIOUS
HARDWOOD FLOORS
DECK

This 3 bedroom, 4 bath home on nearly 10 acres with a main floor primary suite is spacious and accommodating. Hardwood floors add an elegant touch, while new carpet offers comfort and freshness up the stairs, hallway and master bedroom. An inground pool and sauna provide opportunities for relaxation and recreation, and a new deck is perfect for outdoor entertaining and enjoying the scenery. Additionally, a pole barn offers extra storage space or potential for various hobbies or projects. This combination of features would surely make for a wonderful place to call home. Pool was resurfaced and new liner installed. New septic is being escrowed by seller. Brand new roof 8/13/2024

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.5
Remaining Loan Term
17 years, 8 months
Monthly PITI
$2,283.53/mo
Estimated Loan Balance
$257,864
Cash to close
$307,989
Interest Paid
$133,653

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Metal Siding, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Wood
Roof
  • Roof: Age Over 8 Years, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer
  • Water Source: Private, Well
Pool
  • Has Pool: No
  • Pool Features: Below Ground, Heated, Outdoor Pool

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Metal Siding, Vinyl Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1983
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Andover

Financial Details

  • Price per Sqft: $158.09
  • Tax Annual Amount: $6137
  • On Market Date: 2024-11-22T00:00:00.000Z
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 $307,989 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $307,989!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$257,011
Your Cash:$307,989
Total Purchase Price:$565,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,605/mo
Traditional @ 7.5%
$2,505/mo
You save $899/month ($10,792/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6634433

Listing From: northstar

Last updated: 2025-01-23T15:05:02.000Z

© , 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

3.5%
7.15%

Principal & Interest

$1,605 /mo
$2,415 /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 $307,989 (55%)
You can enter any amount below - secondary financing will cover the difference if needed.
55%
$

You cover the entire equity of $307,989!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$257,011
Your Cash:$307,989
Total Purchase Price:$565,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,605/mo
Traditional @ 7.5%
$2,505/mo
You save $899/month ($10,792/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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