Laura Jewett

Laura Jewett

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Closed

$289,900

($95,541 down)
FHA

3516 Cherry Lane UNIT E, Woodbury, MN 55129

2
2
1,670 sqft
PITI Monthly
$1,489.29 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

3.45%
7.15%

Principal & Interest

$913 /mo
$1,381 /mo

What's Special

OPEN CONCEPT
DINING
SPACIOUS
MOVE-IN READY
STAINLESS STEEL APPLIANCES
FIREPLACE
PATIO

This spacious 2 bedroom plus loft end unit in Bailey's Arbor features many upgrades. The main floor offers an open concept layout, ideal for entertaining. The kitchen includes a welcoming breakfast bar, upgraded stainless steel appliances, and 42-inch maple cabinets, leading out to a private patio. The main level also features a living room with a gas fireplace, a separate dining area, a half bath, and garage access. Upstairs, you'll find 2 bedrooms, an additional loft area, a full bath with dual sinks, and a separate laundry room with updated washer and dryer. Other updates include newer central air, water heater, refrigerator and main level flooring. New carpet throughout, freshly painted & brand new microwave. Additionally, residents can enjoy association amenities such as an outdoor pool, tennis and basketball courts, and walking paths. Truly move-in ready.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.45
Remaining Loan Term
26 years, 11 months
Monthly PITI
$1,489.29/mo
Estimated Loan Balance
$195,064
Cash to close
$95,541
Interest Paid
$21,112

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Asphalt, 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: Below Ground, Outdoor Pool, Shared

Construction

Type & Style
  • Stories:
  • Home type: Townhouse Quad/4 Corners
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Asphalt, Pitched
Condition
  • Year Built: 2005
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Bailey's Arbor
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: First Service Residential
  • HOA Amenities: Unknown
  • HOA Fee: $382
  • HOA Frequency: $Monthly
Location
  • Region: Woodbury

Financial Details

  • Price per Sqft: $173.59
  • Tax Annual Amount: $3381
  • On Market Date: 2024-08-19T00:00:00.000Z
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 $95,541 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $95,541!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$194,359
Your Cash$95,541
Total Purchase Price:$289,900

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$913/mo
Traditional @ 7.5%
$1,433/mo
You save $520/month ($6,242/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6588343

Listing From: northstar

Last updated: 2025-02-28T17:23:03.000Z

© , 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

3.45%
7.15%

Principal & Interest

$913 /mo
$1,381 /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 $95,541 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $95,541!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$194,359
Your Cash$95,541
Total Purchase Price:$289,900

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$913/mo
Traditional @ 7.5%
$1,433/mo
You save $520/month ($6,242/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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