Laura Jewett

Laura Jewett

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Closed

$330,000

($175,486 down)
FHA

4837 Lanark Road, Mound, MN 55364

3
2
1,437 sqft
PITI Monthly
$1,431.45 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

3.6%
7.15%

Principal & Interest

$861 /mo
$1,279 /mo

What's Special

DESIRED
SHOPPING
DINING
WALK-IN CLOSET
CHARMING

Located just a few blocks from beautiful Lake Minnetonka, this updated split level home is ready for a new buyer! You’re welcomed to brand new carpet & newer plank flooring w/ an open floorplan on the upper level. Kitchen hosts new SS appliances & maple cabinetry. Primary suite complete with private, full bath & walk-in closet. Other key updates include newer Renewal by Andersen sliding glass doors & dining room window, knockdown ceilings, newer garage door + opener. Peace of mind with seller provided one year home warranty with accepted offer. Located in desired Westonka School district w/ multiple nearby parks & access to public boat launch. Just minutes to the lake, shopping & charming lakefront restaurants. Opportunity awaits…Come explore!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.6
Remaining Loan Term
21 years, 4 months
Monthly PITI
$1,431.45/mo
Estimated Loan Balance
$157,264
Cash to close
$175,486
Interest Paid
$53,869

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
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: Unknown
Roof
  • Roof: Unknown
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: Unknown
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Arden
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mound

Financial Details

  • Price per Sqft: $229.65
  • Tax Annual Amount: $3434
  • On Market Date: 2025-01-15T00:00:00.000Z
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 $175,486 (53%)
You can enter any amount below - secondary financing will cover the difference if needed.
53%
$

You cover the entire equity of $175,486!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$154,514
Your Cash:$175,486
Total Purchase Price:$330,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$861/mo
Traditional @ 7.5%
$1,327/mo
You save $466/month ($5,590/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6613304

Listing From: northstar

Last updated: 2025-02-14T20:57:02.000Z

© , 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

3.6%
7.15%

Principal & Interest

$861 /mo
$1,279 /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 $175,486 (53%)
You can enter any amount below - secondary financing will cover the difference if needed.
53%
$

You cover the entire equity of $175,486!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$154,514
Your Cash:$175,486
Total Purchase Price:$330,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$861/mo
Traditional @ 7.5%
$1,327/mo
You save $466/month ($5,590/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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