Laura Jewett

Laura Jewett

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Closed

$297,900

($124,062 down)
VA

500 Park Avenue S, Park Rapids, MN 56470

4
3
2,096 sqft
PITI Monthly
$1,502.72 /mo

Listing courtesy of: , Keller Williams Realty Professionals

Assumed Rate

6.9%
7.15%

Principal & Interest

$1,179 /mo
$1,209 /mo

What's Special

LOCATION

Classic American Foursquare home in Park Rapids! Built in 1929, the features include original woodwork details, wood floors and beautiful craftsmanship throughout. Fresh updates just completed and ready to occupy. 3+ bedroom home with a large detached garage and an upper level studio. Live in one and possibly rent the other! Fantastic location right next to Hugo's grocery store and just a short walk to Main Street. Depot Park is less than a block away and the hospital and clinic are 4 to southwest. Don't miss this great income property!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.9
Remaining Loan Term
27 years, 8 months
Monthly PITI
$1,502.72/mo
Estimated Loan Balance
$176,171
Cash to close
$124,062
Interest Paid
$28,477

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Stucco, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less
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
  • Stucco, Wood Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1929
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Rice & Cutlers Second Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Park Rapids

Financial Details

  • Price per Sqft: $142.13
  • Tax Annual Amount: $2086
  • On Market Date: 2024-08-16T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $124,062 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $124,062!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$173,838
Your Cash$124,062
Total Purchase Price:$297,900

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$1,179/mo
Traditional @ 7.5%
$1,254/mo
You save $75/month ($902/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6587340

Listing From: northstar

Last updated: 2024-09-03T18:14:02.000Z

© , 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

6.9%
7.15%

Principal & Interest

$1,179 /mo
$1,209 /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 $124,062 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $124,062!

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

Loan Breakdown

Assumed Mortgage6.9% Sellers Rate
$173,838
Your Cash$124,062
Total Purchase Price:$297,900

Assumed vs Traditional Mortgage

Assumed @ 6.9%
$1,179/mo
Traditional @ 7.5%
$1,254/mo
You save $75/month ($902/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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