Laura Jewett

Laura Jewett

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Closed

$544,000

($41,184 down)
FHA

1940 Aloha Avenue, Shakopee, MN 55379

5
4
2,386 sqft
PITI Monthly
$3,893.37 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

6.82%
7.15%

Principal & Interest

$3,296 /mo
$3,408 /mo

What's Special

MODERN
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FINISHED BASEMENT
DECK
WALKING TRAILS
COZY

This home has all the perks of a brand-new construction, plus added luxuries not found in nearby builds. Updates include a freshly finished basement boasting a 5th bedroom and 4th bathroom, gutters, a brand new deck, a shed next to the 3-car garage, and more! Inside, a modern kitchen with white cabinets, granite countertops, and stainless steel appliances opens to a cozy family room and new deck. Upstairs features four bedrooms, two bathrooms, and even the laundry room, strategically situated for maximum convenience. And let's not forget the perks of the neighborhood - with a community park and walking trails just waiting to be explored. This home blends comfort, convenience, and style, just waiting for you to call it home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.82
Remaining Loan Term
29 years, 1 months
Monthly PITI
$3,893.37/mo
Estimated Loan Balance
$504,117
Cash to close
$41,184
Interest Paid
$31,406

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: Electric, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, 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: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 2023
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Amberglen
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Shakopee

Financial Details

  • Price per Sqft: $228
  • Tax Annual Amount: $880
  • On Market Date: 2024-03-13T00:00:00.000Z
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 $41,184 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $41,184!

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

Loan Breakdown

Assumed Mortgage6.82% Sellers Rate
$502,816
Your Cash$41,184
Total Purchase Price:$544,000

Assumed vs Traditional Mortgage

Assumed @ 6.82%
$3,296/mo
Traditional @ 7.5%
$3,535/mo
You save $239/month ($2,865/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6502766

Listing From: northstar

Last updated: 2024-08-23T21:27:02.000Z

© , 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

6.82%
7.15%

Principal & Interest

$3,296 /mo
$3,408 /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 $41,184 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $41,184!

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

Loan Breakdown

Assumed Mortgage6.82% Sellers Rate
$502,816
Your Cash$41,184
Total Purchase Price:$544,000

Assumed vs Traditional Mortgage

Assumed @ 6.82%
$3,296/mo
Traditional @ 7.5%
$3,535/mo
You save $239/month ($2,865/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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