Laura Jewett

Laura Jewett

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Closed

$210,000

($134,467 down)
FHA

527 S Austin Avenue, Litchfield, MN 55355

3
1
1,160 sqft
PITI Monthly
$801.07 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

3.9%
7.15%

Principal & Interest

$417 /mo
$597 /mo

What's Special

This home is the SW corner of Litchfield near the hospital and clinics. 3 bedroom, 1 bath 1 1/2 story home. There is no basement. The bathroom shares space with the laundry room. The windows have been updated through the years. The home, the 14x16 garage and additional 24x34 shop have vinyl siding. The shop was built new in 2022 and has a steel roof, a 10x10 overhead door and is insulated and heated with in floor heat. The shop has a ceiling height of approximately 12' 8". There are two driveways and a nice sized corner lot. Ready for a new owner!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.9
Remaining Loan Term
22 years, 8 months
Monthly PITI
$801.07/mo
Estimated Loan Balance
$76,717
Cash to close
$134,467
Interest Paid
$23,500

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Baseboard
Features
  • Materials: Vinyl 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: 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: Age Over 8 Years
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Litchfield

Financial Details

  • Price per Sqft: $181.03
  • Tax Annual Amount: $2060
  • On Market Date: 2025-02-07T00:00:00.000Z
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 $134,467 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $134,467!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$75,533
Your Cash:$134,467
Total Purchase Price:$210,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$417/mo
Traditional @ 7.5%
$619/mo
You save $202/month ($2,427/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6657051

Listing From: northstar

Last updated: 2025-03-21T19:28:03.000Z

© , 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

3.9%
7.15%

Principal & Interest

$417 /mo
$597 /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 $134,467 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $134,467!

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

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$75,533
Your Cash:$134,467
Total Purchase Price:$210,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$417/mo
Traditional @ 7.5%
$619/mo
You save $202/month ($2,427/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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