Laura Jewett

Laura Jewett

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Closed

$309,900

($139,301 down)
VA

3 2nd Avenue SW, Faribault, MN 55021

4
3
2,793 sqft
PITI Monthly
$1,408.72 /mo

Listing courtesy of: , Keller Williams Select Realty

Assumed Rate

4.44%
7.15%

Principal & Interest

$974 /mo
$1,307 /mo

What's Special

SPACIOUS
MODERN
HISTORIC
CHARMING

Step into this charming 4-bedroom, 3-bathroom Victorian-style that beautifully blends timeless character with modern updates. Close to the main strip in downtown Faribault, this spacious layout offers an updated kitchen perfect for entertaining, while three generously sized bedrooms are conveniently located on one level for easy living. Outside, you’ll find a huge detached 2-car garage, offering plenty of space for parking and storage. Relax and enjoy the outdoors on the inviting covered porch, perfect for morning coffee or evening gatherings. Recent updates throughout the home enhance its appeal, while preserving its historic charm. With a price that's truly a steal, this home is ready for its new owners to move in and make it their own. Don’t miss the opportunity to own this gem at an unbeatable value!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
4.44
Remaining Loan Term
23 years, 1 months
Monthly PITI
$1,408.72/mo
Estimated Loan Balance
$170,940
Cash to close
$139,301
Interest Paid
$55,831

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: 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
  • Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $110.96
  • Tax Annual Amount: $3422
  • On Market Date: 2024-09-11T00:00:00.000Z
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 $139,301 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $139,301!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$170,599
Your Cash$139,301
Total Purchase Price:$309,900

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$974/mo
Traditional @ 7.5%
$1,356/mo
You save $382/month ($4,585/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6592691

Listing From: northstar

Last updated: 2024-11-08T20:40:02.000Z

© , 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

4.44%
7.15%

Principal & Interest

$974 /mo
$1,307 /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 $139,301 (45%)
You can enter any amount below - secondary financing will cover the difference if needed.
45%
$

You cover the entire equity of $139,301!

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

Loan Breakdown

Assumed Mortgage4.44% Sellers Rate
$170,599
Your Cash$139,301
Total Purchase Price:$309,900

Assumed vs Traditional Mortgage

Assumed @ 4.44%
$974/mo
Traditional @ 7.5%
$1,356/mo
You save $382/month ($4,585/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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