Laura Jewett

Laura Jewett

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Closed

$275,000

($106,560 down)
FHA

1801 Mechanic Avenue, Saint Paul, MN 55119

4
2
1,852 sqft
PITI Monthly
$1,529.84 /mo

Listing courtesy of: , Gerrety Real Estate Group LLC

Assumed Rate

3.92%
7.15%

Principal & Interest

$917 /mo
$1,310 /mo

What's Special

SHOPPING
DECK
PATIO

Welcome to 1801 Mechanic Ave. This home has much to offer! Many of the big ticket items were replaced in 2019. New roof on house and garage, new furnace and water heater, new patio and sidewalk, new deck and new insulation in the attic. The home has a second kitchen on the lower level (new refrigerator in 2023) with its own entrance. Could potentially be rented out. Includes 2 bedrooms and a full bath. Great space for teenage kids, mother-in-law apt., extended family or friends. The possibilities are endless! It needs some cosmetic work but is a very solid home. The home is located off White Bear Ave. and on a dead end street. Easy access to shopping, Hwy 36 and 694. This could be your new home! Schedule your showing today! ***Quick close possible***

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.92
Remaining Loan Term
22 years, 9 months
Monthly PITI
$1,529.84/mo
Estimated Loan Balance
$237,461
Cash to close
$106,560
Interest Paid
$51,310

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Fiber Board, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age 8 Years or Less
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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Fiber Board, Stucco
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1978
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hazel Park B
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Saint Paul

Financial Details

  • Price per Sqft: $148.49
  • Tax Annual Amount: $3495
  • On Market Date: 2024-08-27T00:00:00.000Z
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 $106,560 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $106,560!

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

Loan Breakdown

Assumed Mortgage3.92% Sellers Rate
$168,440
Your Cash$106,560
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 3.92%
$917/mo
Traditional @ 7.5%
$1,359/mo
You save $442/month ($5,301/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6593151

Listing From: northstar

Last updated: 2024-12-06T16:48:02.000Z

© , 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

3.92%
7.15%

Principal & Interest

$917 /mo
$1,310 /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 $106,560 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $106,560!

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

Loan Breakdown

Assumed Mortgage3.92% Sellers Rate
$168,440
Your Cash$106,560
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 3.92%
$917/mo
Traditional @ 7.5%
$1,359/mo
You save $442/month ($5,301/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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