Laura Jewett

Laura Jewett

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Closed

$210,000

($48,449 down)
VA

18 2nd Street NW, Madelia, MN 56062

3
2
1,394 sqft
PITI Monthly
$1,077.89 /mo

Listing courtesy of: , Real Broker, LLC

Assumed Rate

3.06%
7.15%

Principal & Interest

$741 /mo
$1,177 /mo

What's Special

SHOPPING
DINING
SPACIOUS
MOVE-IN READY
RENOVATED
DECK
PATIO

Welcome to this completely renovated farmhouse-style home, located near downtown shopping and restaurants. Home provides an inviting 16x8 front porch, which leads into the living room which is compete with board and batton paneling, electric fire place and plenty of sunlight. Home continues to dining room with iron accented light fixture and access to the deck. Next, the updated kitchen features new cabinetry, high-end appliances, and under-cabinet lighting. Additionally the main floor is completed with a three-quarter bathroom with its custom subway tiled shower. Then the laundry room has its own space with built in shelving and hanging station. Upstairs opens to loft area leading to three spacious bedrooms, two large closets, and a full oversized bathroom with custom tile work. The heated 24x24 garage with workbench and adjacent 16x12 storage shed both have steel roofs. Additional exterior features include off street parking in the back via the alley, concrete patio with metal roof overhang in back of garage, built in fire pit, a 19x12 wood deck with decorative open metal gazebo. This home is more that move-in ready—schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.06
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,077.89/mo
Estimated Loan Balance
$163,506
Cash to close
$48,449
Interest Paid
$18,819

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Electric
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt, Metal, 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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Asphalt, Metal, Pitched
Condition
  • Year Built: 1890
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Haycrafts Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Madelia

Financial Details

  • Price per Sqft: $150.65
  • Tax Annual Amount: $2247
  • On Market Date: 2024-12-27T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $48,449 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $48,449!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$161,551
Your Cash$48,449
Total Purchase Price:$210,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$741/mo
Traditional @ 7.5%
$1,221/mo
You save $481/month ($5,768/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6643045

Listing From: northstar

Last updated: 2025-03-04T15:09:03.000Z

© , 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

3.06%
7.15%

Principal & Interest

$741 /mo
$1,177 /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 $48,449 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $48,449!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$161,551
Your Cash$48,449
Total Purchase Price:$210,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$741/mo
Traditional @ 7.5%
$1,221/mo
You save $481/month ($5,768/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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