Laura Jewett

Laura Jewett

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Closed

$399,900

($114,431 down)
VA

438 2nd Avenue W, Shakopee, MN 55379

3
1
2,475 sqft
PITI Monthly
$2,434.48 /mo

Listing courtesy of: , Keller Williams Select Realty

Assumed Rate

7.62%
7.15%

Principal & Interest

$2,038 /mo
$1,946 /mo

What's Special

MODERN
RENOVATED
LUXURY
HARDWOOD FLOORS
HISTORIC

This beautiful 1896 home has been restored to its former glory with only a few necessary modern updates! It's been fitted with a fully renovated kitchen and bathroom from floor to ceiling, new kitchen/laundry appliances, HVAC system, refinished original hardwood floors and luxury vinyl throughout the home. Within walking distance of regional trails along the river, parks, and local shops/restaurants in the lively historic Shakopee downtown area.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
7.62
Remaining Loan Term
28 years, 8 months
Monthly PITI
$2,434.48/mo
Estimated Loan Balance
$286,791
Cash to close
$114,431
Interest Paid
$29,103

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Age 8 Years or Less, 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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1896
Details
  • Builder:

Community & HOA

Community
  • Subdivision: City Of Shakopee
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Shakopee

Financial Details

  • Price per Sqft: $161.58
  • Tax Annual Amount: $2959
  • On Market Date: 2024-11-30T00:00:00.000Z
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 $114,431 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $114,431!

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

Loan Breakdown

Assumed Mortgage7.62% Sellers Rate
$285,469
Your Cash$114,431
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 7.62%
$2,038/mo
Traditional @ 7.5%
$2,018/mo
You save $-20/month ($-237/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6636331

Listing From: northstar

Last updated: 2025-02-27T17:43:03.000Z

© , 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

7.62%
7.15%

Principal & Interest

$2,038 /mo
$1,946 /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 $114,431 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $114,431!

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

Loan Breakdown

Assumed Mortgage7.62% Sellers Rate
$285,469
Your Cash$114,431
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 7.62%
$2,038/mo
Traditional @ 7.5%
$2,018/mo
You save $-20/month ($-237/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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