Laura Jewett

Laura Jewett

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Closed

$265,900

($46,267 down)
FHA

523 NE 6th Avenue, Grand Rapids, MN 55744

5
2
1,888 sqft
PITI Monthly
$1,514.45 /mo

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

Assumed Rate

3.07%
7.15%

Principal & Interest

$994 /mo
$1,578 /mo

What's Special

REMODELED
DINING
SPACIOUS
INVESTMENT OPPORTUNITY

GREAT INVESTMENT OPPORTUNITY!!! Step inside this turn-key, beautifully remodeled property and feel immediately at home! Retaining much of its charm, this property has had every inch of it recently updated. This home is comprised of a main house which includes the main and upper levels as well as a separate finished lower level that could be used as a separate living space with private access as well as access from the kitchen on the main level. The main level features a sunlit, spacious living room with informal dining area and roomy kitchen with plenty of work space, a full bathroom and two bedrooms. Heading up the stairs, you’ll find a massive primary bedroom with tons of versatile space. Expecting long-term guests or looking for an income opportunity? Entering the lower level, you’ll find a living room, full bathroom, kitchen and two more bedrooms. This would make a fantastic rental, VRBO or guest house. Take a look today, this one won’t last long!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$1,514.45/mo
Estimated Loan Balance
$220,923
Cash to close
$46,267
Interest Paid
$23,097

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Wood Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Grand Rapids First Div
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Grand Rapids

Financial Details

  • Price per Sqft: $140.84
  • Tax Annual Amount: $2458
  • On Market Date: 2024-09-19T00:00:00.000Z
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 $46,267 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $46,267!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$219,633
Your Cash$46,267
Total Purchase Price:$265,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$994/mo
Traditional @ 7.5%
$1,637/mo
You save $643/month ($7,717/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6604876

Listing From: northstar

Last updated: 2025-01-08T20:39:02.000Z

© , 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

3.07%
7.15%

Principal & Interest

$994 /mo
$1,578 /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 $46,267 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $46,267!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$219,633
Your Cash$46,267
Total Purchase Price:$265,900

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$994/mo
Traditional @ 7.5%
$1,637/mo
You save $643/month ($7,717/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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