Laura Jewett

Laura Jewett

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Closed

$365,000

($203,219 down)
FHA

3320 122nd Street W, Faribault, MN 55021

2
1
468 sqft
PITI Monthly
$1,439.69 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

6.64%
7.15%

Principal & Interest

$1,044 /mo
$1,100 /mo

What's Special

REMODELED
MODERN
HARDWOOD FLOORS
HISTORIC

Experience year-round living in this "mini home," future business opportunity, or family cabin—a rare chance to own coveted lakefront property in the Northfield School District! Located just 45 minutes from the Twin Cities and 15 minutes from Northfield's historic downtown, this is an incredible opportunity for you and future generations. Enjoy endless lake days with friends and family, and a perfect excuse for your kids to visit from one of the local colleges. After a day on the water, grab a meal at Boonies or explore Northfield’s vibrant art scene, bookstores, and modern amenities that many similar properties to this lack! This property offers the ideal blend of relaxation and adventure, with evenings by the fire pit, morning kayaking, scenic walks, and stargazing by the peaceful lake. In the summer, indulge in boating, fishing, and watersports; in the winter, enjoy cross-country skiing and ice fishing on the beautiful frozen lake. Though compact, this home is packed with features: hardwood floors, new windows and doors, a remodeled kitchen, built-in storage, a tiled shower, and a flexible floor plan. Other benefits include: a lakeside fire pit, FIBER OPTIC INTERNET, and the serenity of a dead-end road. The charm of this property extends to its expansive half-acre lot with 100 feet of shoreline on Circle Lake, a 1,000-acre lake just south of the Twin Cities. The flat backyard offers plenty of space for gardening, sports, and relaxation, with parking for 4–6 vehicles and additional potential RV space.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.64
Remaining Loan Term
28 years, 11 months
Monthly PITI
$1,439.69/mo
Estimated Loan Balance
$161,929
Cash to close
$203,219
Interest Paid
$11,648

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Baseboard
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Asphalt
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic System Compliant - No
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1964
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Faribault

Financial Details

  • Price per Sqft: $779.91
  • Tax Annual Amount: $1564
  • On Market Date: 2024-10-04T00:00:00.000Z
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 $203,219 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $203,219!

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

Loan Breakdown

Assumed Mortgage6.64% Sellers Rate
$161,781
Your Cash:$203,219
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 6.64%
$1,044/mo
Traditional @ 7.5%
$1,141/mo
You save $97/month ($1,158/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6613338

Listing From: northstar

Last updated: 2024-12-11T12:44:02.000Z

© , 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

6.64%
7.15%

Principal & Interest

$1,044 /mo
$1,100 /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 $203,219 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $203,219!

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

Loan Breakdown

Assumed Mortgage6.64% Sellers Rate
$161,781
Your Cash:$203,219
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 6.64%
$1,044/mo
Traditional @ 7.5%
$1,141/mo
You save $97/month ($1,158/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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