Laura Jewett

Laura Jewett

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Closed

$160,000

($61,148 down)
VA

310 Coventry Road, Hoyt Lakes, MN 55750

3
3
2,340 sqft
PITI Monthly
$744.34 /mo

Listing courtesy of: , GRAND PROPERTIES REAL ESTATE

Assumed Rate

2.94%
7.15%

Principal & Interest

$457 /mo
$737 /mo

What's Special

ENTERTAINMENT
DINING
SPACIOUS
WET BAR

This 3 bedroom 3 bathroom home has a great layout, lots of storage and multiple living areas for all of your entertainment needs. The main floor has fantastic natural light throughout, three bedrooms (2 easily accommodate king size beds), a spacious full bath off of the master bedroom, a half bath in the hallway, separate dining and living areas, and a comfortable kitchen with updated appliances and a separate pantry area. Off of the kitchen you can head on out into the 17x35ft garage that has plenty of room for all of the things. The Basement features a second living area and rec room complete with a wet bar, a 3/4 bath, a work bench area, and the laundry room. Fantastic major updates include a roof (8 years old), new furnace and water heater in 2023, the plumbing has been redone to PVC, electrical and insulation has been added (2023), and the exterior was painted in 2022. There is plenty of room to easily add another bedroom in the basement if you need the extra space. Seller Open to a Contract for Deed at 5% interest.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.94
Remaining Loan Term
25 years, 6 months
Monthly PITI
$744.34/mo
Estimated Loan Balance
$99,915
Cash to close
$61,148
Interest Paid
$13,744

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, Asphalt
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
  • Wood Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hoyt Lakes Sub 4
  • Features: Grab Bars In Bathroom
HOA
  • Has HOA: No
Location
  • Region: Hoyt Lakes

Financial Details

  • Price per Sqft: $68.38
  • Tax Annual Amount: $1654
  • On Market Date: 2025-01-05T00:00:00.000Z
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 $61,148 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $61,148!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$98,852
Your Cash$61,148
Total Purchase Price:$160,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$457/mo
Traditional @ 7.5%
$764/mo
You save $308/month ($3,695/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6645322

Listing From: northstar

Last updated: 2025-03-11T21:34:03.000Z

© , 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

2.94%
7.15%

Principal & Interest

$457 /mo
$737 /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 $61,148 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $61,148!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$98,852
Your Cash$61,148
Total Purchase Price:$160,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$457/mo
Traditional @ 7.5%
$764/mo
You save $308/month ($3,695/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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