Laura Jewett

Laura Jewett

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Closed

$524,000

($74,365 down)
VA

401 Pike Lake Road, Grand Marais, MN 55604

2
2
2,240 sqft
PITI Monthly
$2,439.01 /mo

Listing courtesy of: , MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM

Assumed Rate

2.98%
7.15%

Principal & Interest

$2,026 /mo
$3,254 /mo

What's Special

MINUTES AWAY
DINING
SPACIOUS
DECK
BALCONY

Beautifully maintained log home near Grand Marais. This custom-built log home boasts character and quality beyond measure - custom made doors, handcrafted bathroom vanity, tigerwood flooring, and hand-picked local logs just to name a few. The home features 2 bedrooms, 2 bathrooms, vaulted ceiling, custom kitchen dining table, countertop and cabinets, panoramic picture windows, basement walkout, main floor bathroom with bubble tub, bedroom balcony and a two-stall detached garage with a beautiful pine tongue and groove heated bonus room. The wooded retreat is nestled on 2.88 acres of tall pines surrounded by The Superior National Forest. Enjoy the breathtaking views of wildlife, sunrises, sunsets and the spectacular Northern Lights from the spacious back deck. This home sits just minutes away from the Superior Hiking Trail and Cascade River waterfalls. Schedule your personal showing today to see for yourself!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$2,439.01/mo
Estimated Loan Balance
$451,447
Cash to close
$74,365
Interest Paid
$50,620

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Log
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Electric, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Mound Septic, Private Sewer
  • Water Source: Drilled, Private
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Log
  • Roof: Unknown
Condition
  • Year Built: 1989
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Grand Marais

Financial Details

  • Price per Sqft: $233.93
  • Tax Annual Amount: $2958
  • On Market Date: 2024-08-02T00:00:00.000Z
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 $74,365 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $74,365!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$449,635
Your Cash$74,365
Total Purchase Price:$524,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$2,026/mo
Traditional @ 7.5%
$3,375/mo
You save $1,349/month ($16,190/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6579961

Listing From: northstar

Last updated: 2024-11-04T21:03:02.000Z

© , 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

2.98%
7.15%

Principal & Interest

$2,026 /mo
$3,254 /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 $74,365 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $74,365!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$449,635
Your Cash$74,365
Total Purchase Price:$524,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$2,026/mo
Traditional @ 7.5%
$3,375/mo
You save $1,349/month ($16,190/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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