Laura Jewett

Laura Jewett

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Closed

$284,000

($163,431 down)
FHA

6540 Merrimac Lane N, Maple Grove, MN 55311

2
2
1,390 sqft
PITI Monthly
$1,481.38 /mo

Listing courtesy of: , Bridge Realty, LLC

Assumed Rate

5%
7.15%

Principal & Interest

$946 /mo
$1,191 /mo

What's Special

FRESH PAINT
SHOPPING
ENTERTAINMENT
DINING
SPACIOUS
MOVE-IN READY
PATIO

Welcome to this beautiful End unit townhome located in the heart of Maple Grove, providing easy access to parks, trails, shopping areas, and major roadways. It boasts a kitchen with plenty of cabinets and ample counter space. The family room is bright, open, and spacious. Fresh paint throughout, as well as new carpet. The dining area leads to the outdoor patio for y9our summertime entertainment. Upstairs, two bedrooms are situated on the upper level alongside a spacious full bath and a loft for your private office or workstations. Move-in ready. A must-see!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5
Remaining Loan Term
14 years, 6 months
Monthly PITI
$1,481.38/mo
Estimated Loan Balance
$121,011
Cash to close
$163,431
Interest Paid
$116,698

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Metal Siding, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Metal Siding, Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 2004
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cic 1159 Fieldstone Lodges
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Association Management Gassen
  • HOA Amenities: Unknown
  • HOA Fee: $320
  • HOA Frequency: $Monthly
Location
  • Region: Maple Grove

Financial Details

  • Price per Sqft: $204.32
  • Tax Annual Amount: $3121
  • On Market Date: 2024-08-09T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $163,431 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $163,431!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$120,569
Your Cash:$163,431
Total Purchase Price:$284,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$946/mo
Traditional @ 7.5%
$1,235/mo
You save $289/month ($3,465/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6583520

Listing From: northstar

Last updated: 2024-09-20T20:40:02.000Z

© , 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%
7.15%

Principal & Interest

$946 /mo
$1,191 /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 $163,431 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $163,431!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$120,569
Your Cash:$163,431
Total Purchase Price:$284,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$946/mo
Traditional @ 7.5%
$1,235/mo
You save $289/month ($3,465/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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