Laura Jewett

Laura Jewett

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Closed

$385,000

($222,821 down)
FHA

6367 Marx Avenue NE, Otsego, MN 55301

4
2
2,708 sqft
PITI Monthly
$1,589.69 /mo

Listing courtesy of: , Worth Clark Realty

Assumed Rate

4.12%
7.15%

Principal & Interest

$975 /mo
$1,360 /mo

What's Special

MINUTES AWAY
SHOPPING
DINING
SPACIOUS
MODERN
DECK
PATIO
LANDSCAPED
WALKING TRAILS
CHARMING

Back on the market!! Welcome home! This stunning 4-bedroom, 2-bathroom rambler is the epitome of modern comfort and convenience, nestled in a picturesque neighborhood with quick access to Hwy 94. The open-concept design effortlessly blends elegance and functionality, offering a spacious living environment ideal for both everyday living and entertaining. Step inside to discover freshly painted rooms and beautifully updated flooring throughout. The heart of the home is the expansive living area, where natural light floods through large windows, creating a warm and inviting atmosphere. The adjacent kitchen and dining spaces are perfect for hosting gatherings, and the seamless flow leads to a charming outdoor patio. The outdoor space is equally impressive. Imagine summer days spent lounging by the large above-ground pool, with ample potential to build your dream deck and create a backyard oasis. The patio is perfect for al fresco dining and entertaining guests against the backdrop of a beautifully landscaped yard. The home features a spacious, open basement offering endless possibilities. It includes a fourth bedroom and plenty of room for storage. Additionally, a potential third bathroom is already plumbed and ready for your finishing touches, allowing for easy customization to suit your needs. The convenience continues as this home offers 3 bedrooms on the main level, along with main level laundry for all your living needs available on one level. This property is ideally located close to the Albertville Outlet Mall, grocery shopping, walking trails, and parks, providing you with all the conveniences you need just minutes away. Families will appreciate the choice between two outstanding school districts: the Elk River School District ISD 728 or the highly acclaimed St. Michael-Albertville School District ISD 885, both school districts provide convenient bussing options for enrolled students. With numerous updates and thoughtful details throughout, this home is sure to impress. Don’t miss your opportunity to make this exceptional property your own. Set up your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.12
Remaining Loan Term
20 years, 0 months
Monthly PITI
$1,589.69/mo
Estimated Loan Balance
$162,595
Cash to close
$222,821
Interest Paid
$74,929

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Block, Brick Veneer, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: Above Ground

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Block, Brick Veneer, Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Otsego Preserve 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Otsego

Financial Details

  • Price per Sqft: $142.17
  • Tax Annual Amount: $3866
  • On Market Date: 2024-09-12T00:00:00.000Z
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 $222,821 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $222,821!

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

Loan Breakdown

Assumed Mortgage4.12% Sellers Rate
$162,179
Your Cash:$222,821
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 4.12%
$975/mo
Traditional @ 7.5%
$1,410/mo
You save $435/month ($5,223/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6601263

Listing From: northstar

Last updated: 2024-11-13T04:50:02.000Z

© , 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

4.12%
7.15%

Principal & Interest

$975 /mo
$1,360 /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 $222,821 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $222,821!

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

Loan Breakdown

Assumed Mortgage4.12% Sellers Rate
$162,179
Your Cash:$222,821
Total Purchase Price:$385,000

Assumed vs Traditional Mortgage

Assumed @ 4.12%
$975/mo
Traditional @ 7.5%
$1,410/mo
You save $435/month ($5,223/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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