Laura Jewett

Laura Jewett

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Closed

$249,000

($56,703 down)
FHA

16614 Franklin Trail SE, Prior Lake, MN 55372

2
2
1,424 sqft
PITI Monthly
$1,393.55 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

3.16%
7.15%

Principal & Interest

$908 /mo
$1,426 /mo

What's Special

DINING
FIREPLACE
DECK
COZY

Wonderful opportunity with this lovely 2 bedroom, 2 bathroom town home near downtown Prior Lake! The main floor features an updated kitchen with SS appliances, granite counters and a center island. Open floor plan connecting the living room and dining room with an abundance of natural light! The upper level has 2 bedrooms with a fully updated bathroom. Enjoy a movie night in the lower level family room while next to the cozy gas fireplace. Lower level also has potential to add an additional 3rd bedroom. Enjoy grilling on the deck overlooking the large yard with plenty of space for yard games! Enjoy a short walk to downtown Prior Lake and numerous restaurants in the area as well as Lake Front Park! Do not miss out on this fantastic opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 4 months
Monthly PITI
$1,393.55/mo
Estimated Loan Balance
$193,894
Cash to close
$56,703
Interest Paid
$29,632

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Asphalt, Pitched
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: None

Construction

Type & Style
  • Stories:
  • Home type: Townhouse Quad/4 Corners
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Wood Siding
  • Roof: Asphalt, Pitched
Condition
  • Year Built: 1979
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Bluff Heights 2nd Addition
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: The Bluff Heights 2nd Addition
  • HOA Amenities: Unknown
  • HOA Fee: $200
  • HOA Frequency: $Monthly
Location
  • Region: Prior Lake

Financial Details

  • Price per Sqft: $174.86
  • Tax Annual Amount: $2228
  • On Market Date: 2024-09-19T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $56,703 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $56,703!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$192,297
Your Cash$56,703
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$908/mo
Traditional @ 7.5%
$1,479/mo
You save $571/month ($6,847/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6605023

Listing From: northstar

Last updated: 2024-11-06T13:40:02.000Z

© , 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

3.16%
7.15%

Principal & Interest

$908 /mo
$1,426 /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 $56,703 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $56,703!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$192,297
Your Cash$56,703
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$908/mo
Traditional @ 7.5%
$1,479/mo
You save $571/month ($6,847/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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