Laura Jewett

Laura Jewett

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Closed

$424,900

($57,098 down)
VA

5870 Idlewood Road, Mound, MN 55364

4
3
2,130 sqft
PITI Monthly
$2,170.19 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

3.08%
7.15%

Principal & Interest

$1,687 /mo
$2,675 /mo

What's Special

STAINLESS STEEL APPLIANCES
FINISHED BASEMENT
PATIO
PRIVATE BACKYARD
FULLY FURNISHED

This is the perfect home for those wanting to spend time on Lake Minnetonka. This home is ideally situated on Idlewood Road, a quiet street just a block away from Lake Minnetonka and Highland Park and walking distance to Surfside swimming beach and boat launch. Also less than a mile away from the Dakota Trail and Lake Minnetonka Regional Park. Owners can apply for a boat slip on Lake Minnetonka through the City of Mound’s dock program which offers property owners an exclusive low-cost option for boat storage. The home has a large driveway, garage, and backyard that is perfect for storing your boats and other toys. The property offers unique opportunities as an accessory dwelling unit (ADU) has been built above the garage, offering a full separate living space including its own kitchen, bath, washer/dryer, and also comes fully furnished as pictured in the photos. This space offers views of Lake Minnetonka during winter-time. The ADU with its private patio offers privacy while being close to the main home. The main home features an updated bathroom on the main level, with two bedrooms on either side, and the upstairs offering another large bedroom and office area. The kitchen has been updated with new stainless steel appliances, including a powerful Viking range for those who enjoy cooking. The unfinished basement offers new owners the opportunity to create their own space, and features an egress window and bathroom to accommodate any potential updates. The home features a large and private backyard and storage shed, with a perfect patio and sitting area (patio furniture included) and is surrounded by wildflower gardens. This home is priced to sell and is ready for move-in.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.08
Remaining Loan Term
26 years, 1 months
Monthly PITI
$2,170.19/mo
Estimated Loan Balance
$368,543
Cash to close
$57,098
Interest Paid
$45,837

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, Asphalt, Pitched
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
  • Wood Siding
  • Roof: Age Over 8 Years, Asphalt, Pitched
Condition
  • Year Built: 1941
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $199.48
  • Tax Annual Amount: $3802
  • On Market Date: 2024-08-01T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $57,098 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $57,098!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$367,802
Your Cash$57,098
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,687/mo
Traditional @ 7.5%
$2,774/mo
You save $1,088/month ($13,051/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6552042

Listing From: northstar

Last updated: 2024-10-27T18:39:02.000Z

© , 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

3.08%
7.15%

Principal & Interest

$1,687 /mo
$2,675 /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 $57,098 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$

You cover the entire equity of $57,098!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$367,802
Your Cash$57,098
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,687/mo
Traditional @ 7.5%
$2,774/mo
You save $1,088/month ($13,051/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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