Laura Jewett

Laura Jewett

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Closed

$243,000

($70,570 down)
VA

2607 17th Avenue NW, Rochester, MN 55901

2
1
1,040 sqft
PITI Monthly
$1,159.67 /mo

Listing courtesy of: , Re/Max Results

Assumed Rate

2.77%
7.15%

Principal & Interest

$778 /mo
$1,283 /mo

What's Special

FRESH PAINT
ENTERTAINMENT
SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
PET-FRIENDLY

Nestled in the heart of Elton Hills, this move-in-ready 2-bedroom, 1-bath home with an attached garage boasts numerous modern updates such as fresh paint throughout, professionally cleaned carpet, stainless steel appliances, contemporary door hardware , light fixtures, and window shades which enhance both functionality and aesthetics. The unfinished lower level, already equipped with plumbing, presents an excellent opportunity to expand the living space. This area offers the potential to develop an entertainment zone, an additional bathroom, and even a third bedroom possibility, thereby increasing the home's value and accommodating future growth. The spacious backyard, featuring a fire pit, serves as an ideal setting for entertaining guests and provides a pet-friendly environment. These features make this property an excellent choice for first-time buyers seeking a harmonious blend of comfort, modern amenities, and future expansion potential. Added bonus is that this home is situated on the city bus line for convenient commuting to downtown Rochester and offering an assumable loan at 2.72% interest rate. Reach out for more details.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.77
Remaining Loan Term
25 years, 9 months
Monthly PITI
$1,159.67/mo
Estimated Loan Balance
$175,063
Cash to close
$70,570
Interest Paid
$21,331

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
Condition
  • Year Built: 1957
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Elton Hills 1st-Torrens
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $233.65
  • Tax Annual Amount: $2784
  • On Market Date: 2025-02-12T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $70,570 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $70,570!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$172,430
Your Cash$70,570
Total Purchase Price:$243,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$778/mo
Traditional @ 7.5%
$1,331/mo
You save $553/month ($6,641/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6658305

Listing From: northstar

Last updated: 2025-03-07T21:17:03.000Z

© , 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

2.77%
7.15%

Principal & Interest

$778 /mo
$1,283 /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 $70,570 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $70,570!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$172,430
Your Cash$70,570
Total Purchase Price:$243,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$778/mo
Traditional @ 7.5%
$1,331/mo
You save $553/month ($6,641/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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