Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$300,000

($74,980 down)
FHA

601 3rd Street, Farmington, MN 55024

3
1
1,908 sqft
PITI Monthly
$1,879.79 /mo

Listing courtesy of: , Compass

Assumed Rate

5.52%
7.15%

Principal & Interest

$1,320 /mo
$1,567 /mo

What's Special

ENTERTAINMENT
SPACIOUS
FENCED YARD
SAFE
CHARMING
COZY

Welcome to this charming single-family home in the heart of Farmington. This delightful residence offers three spacious bedrooms and one well-appointed bathroom, making it perfect for families or those seeking a cozy retreat. Situated on a desirable corner lot, the property boasts a fully fenced yard, providing both privacy and a safe space for outdoor activities. The highlight of the exterior is the detached two-car garage, offering ample storage and convenience for vehicles or hobbies. Inside, you'll find a warm, inviting atmosphere with plenty of natural light streaming through the windows. The layout is thoughtfully designed to maximize space and functionality, ensuring comfort and ease of living. Located just two blocks from downtown Farmington, you'll have easy access to a variety of shops, restaurants, and entertainment options. Whether you're enjoying a quiet evening at home or exploring the vibrant local scene, this home provides the perfect setting. Don't miss the opportunity to make this lovely house your new home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.52
Remaining Loan Term
27 years, 5 months
Monthly PITI
$1,879.79/mo
Estimated Loan Balance
$226,147
Cash to close
$74,980
Interest Paid
$32,516

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Fiber Cement
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, Pitched
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Water Source: City Water/Connected, City Water - In Street
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Fiber Cement
  • Roof: Age Over 8 Years, Pitched
Condition
  • Year Built: 1870
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $157.23
  • Tax Annual Amount: $2944
  • On Market Date: 2024-11-07T00:00:00.000Z
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 $74,980 (25%)
You can enter any amount below - secondary financing will cover the difference if needed.
25%
$

You cover the entire equity of $74,980!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$225,020
Your Cash$74,980
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,320/mo
Traditional @ 7.5%
$1,625/mo
You save $305/month ($3,662/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6628671

Listing From: northstar

Last updated: 2025-02-13T16:55:02.000Z

© , 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

5.52%
7.15%

Principal & Interest

$1,320 /mo
$1,567 /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 $74,980 (25%)
You can enter any amount below - secondary financing will cover the difference if needed.
25%
$

You cover the entire equity of $74,980!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$225,020
Your Cash$74,980
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$1,320/mo
Traditional @ 7.5%
$1,625/mo
You save $305/month ($3,662/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.