Laura Jewett

Laura Jewett

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Closed

$140,000

($60,139 down)
FHA

411 N Washington Street, Minneota, MN 56264

3
1
1,902 sqft
PITI Monthly
$849.98 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

6.54%
7.15%

Principal & Interest

$517 /mo
$550 /mo

What's Special

DINING
SPACIOUS
MODERN
HOME OFFICE
DECK
COZY

Welcome to this beautifully updated 3-bedroom, 1-bathroom home, offering a fantastic floor plan. Nestled on a spacious corner lot, this home boasts a blend of modern updates and timeless charm. Upon entry, a convenient side access leads directly into a large living room, creating a bright and open atmosphere. The adjoining dining area and kitchen overlook the living space, creating an easy flow for gatherings. The main floor also features three bedrooms and a full bathroom. A bonus room at the front of the home offers endless possibilities—ideal for a home office, playroom, or cozy den. The lower level expands your living space with a family room or workout area and includes a dedicated laundry space for added convenience. The home is equipped with forced air heating and central air conditioning. Outside, you’ll find a newly added 12x8 back deck, perfect for enjoying warm evenings or grilling with friends and family. The property also includes a massive 48x24 concrete floor shop/garage, offering ample space for storage, hobbies, or a workshop. This home is ready to welcome you—schedule a showing today and experience the comfort and versatility this Minneota gem has to offer!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.54
Remaining Loan Term
28 years, 1 months
Monthly PITI
$849.98/mo
Estimated Loan Balance
$80,341
Cash to close
$60,139
Interest Paid
$10,099

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age Over 8 Years, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision: 4th Railroad Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneota

Financial Details

  • Price per Sqft: $73.61
  • Tax Annual Amount: $1508
  • 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 $60,139 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $60,139!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$79,862
Your Cash$60,139
Total Purchase Price:$140,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$517/mo
Traditional @ 7.5%
$550/mo
You save $33/month ($399/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6644809

Listing From: northstar

Last updated: 2025-02-28T15:40:03.000Z

© , 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

6.54%
7.15%

Principal & Interest

$517 /mo
$550 /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 $60,139 (43%)
You can enter any amount below - secondary financing will cover the difference if needed.
43%
$

You cover the entire equity of $60,139!

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

Loan Breakdown

Assumed Mortgage6.54% Sellers Rate
$79,862
Your Cash$60,139
Total Purchase Price:$140,000

Assumed vs Traditional Mortgage

Assumed @ 6.54%
$517/mo
Traditional @ 7.5%
$550/mo
You save $33/month ($399/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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