Laura Jewett

Laura Jewett

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Closed

$775,000

($437,915 down)
FHA

612 15th Avenue SW, Rochester, MN 55902

5
3
4,164 sqft
PITI Monthly
$2,530.83 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

2.81%
7.15%

Principal & Interest

$1,492 /mo
$2,449 /mo

What's Special

REMODELED
DINING
STAINLESS STEEL APPLIANCES
FIREPLACE
PATIO
PRIVATE BACKYARD
LANDSCAPED
CHARMING

Very charming & beautifully updated brick 2 story home in Old Southwest Rochester. Walk to the Mayo Clinic Campus, Downtown Rochester, & Folwell school. Pre-Inspected, neutral decor, very well maintained home in move-in condition, wood floors, 2 fireplaces, new architectural shingles, custom oak window casings. Beautifully landscaped lot with private backyard & patio. Brand new 2 car detached garage just being installed! Main floor features: Foyer, large living room with gas fireplace. Formal dining room currently used as an office, informal dining room, wonderful new kitchen with stainless steel appliances, family room with in floor heat & gas fireplace. Half bath, large bonus room with in floor heat & laundry. Lower level features: Newly remodeled large family room, bedroom, full bath & utility room. Upper level features: 4 bedrooms and full bathroom.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.81
Remaining Loan Term
26 years, 2 months
Monthly PITI
$2,530.83/mo
Estimated Loan Balance
$347,792
Cash to close
$437,915
Interest Paid
$37,445

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Radiant Floor
Features
  • Materials: Brick/Stone
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room, Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
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
  • Brick/Stone
  • Roof: Unknown
Condition
  • Year Built: 1938
Details
  • Builder:

Community & HOA

Community
  • Subdivision: City Lands
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $186.12
  • Tax Annual Amount: $6786
  • On Market Date: 2024-06-25T00:00:00.000Z
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 $437,915 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $437,915!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$337,085
Your Cash:$437,915
Total Purchase Price:$775,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,492/mo
Traditional @ 7.5%
$2,540/mo
You save $1,048/month ($12,582/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6556697

Listing From: northstar

Last updated: 2024-11-07T16:44:02.000Z

© , 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

2.81%
7.15%

Principal & Interest

$1,492 /mo
$2,449 /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 $437,915 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $437,915!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$337,085
Your Cash:$437,915
Total Purchase Price:$775,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$1,492/mo
Traditional @ 7.5%
$2,540/mo
You save $1,048/month ($12,582/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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