Laura Jewett

Laura Jewett

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Pending

$400,000

($168,723 down)
VA

5851 Mcquade Road, Duluth, MN 55804

4
3
2,697 sqft
PITI Monthly
$1,305.46 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

2.89%
7.15%

Principal & Interest

$1,064 /mo
$1,729 /mo

What's Special

SERENE

Nestled in the tranquil Lakewood area of Duluth, 5851 McQuade Rd beckons with its serene surroundings and ample space to roam. This inviting split-entry home features 4 bedrooms, 3 bathrooms, and a heated 2-stall attached garage for year-round comfort. With a compliant septic system, new roof in 2021, and a versatile pole building offering heated and insulated space, convenience meets peace of mind. Recent updates, including a luxurious primary bathroom remodel, new tiled floors, and a stylishly constructed bar, enhance the home's charm and functionality. Embrace the essence of quiet living while reveling in the vast 10-acre expanse that awaits exploration and enjoyment. Welcome home to your private sanctuary in Lakewood.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.89
Remaining Loan Term
25 years, 8 months
Monthly PITI
$1,305.46/mo
Estimated Loan Balance
$243,254
Cash to close
$168,723
Interest Paid
$30,577

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Boiler
Features
  • Materials: Other
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 6
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer
  • Water Source: Private
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Other
  • Roof: Unknown
Condition
  • Year Built: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lakewood Town Of
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Duluth

Financial Details

  • Price per Sqft: $148.31
  • Tax Annual Amount: $1093
  • On Market Date: 2025-03-21T00:00:00.000Z
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 $168,723 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $168,723!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$231,277
Your Cash$168,723
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,064/mo
Traditional @ 7.5%
$1,794/mo
You save $729/month ($8,753/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6689303

Listing From: northstar

Last updated: 2025-04-03T19:51:03.000Z

© , 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

2.89%
7.15%

Principal & Interest

$1,064 /mo
$1,729 /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 $168,723 (42%)
You can enter any amount below - secondary financing will cover the difference if needed.
42%
$

You cover the entire equity of $168,723!

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

Loan Breakdown

Assumed Mortgage2.89% Sellers Rate
$231,277
Your Cash$168,723
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 2.89%
$1,064/mo
Traditional @ 7.5%
$1,794/mo
You save $729/month ($8,753/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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