Laura Jewett

Laura Jewett

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Pending

$355,000

($248,005 down)
FHA

705 12th Street, Farmington, MN 55024

4
2
1,870 sqft
PITI Monthly
$1,387.24 /mo

Listing courtesy of: , LPT Realty, LLC

Assumed Rate

4.25%
7.15%

Principal & Interest

$786 /mo
$1,080 /mo

What's Special

LOCATION
LARGE CENTER ISLAND
SHOPPING
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
VAULTED CEILINGS
HOME OFFICE
DECK

Beautifully Updated 4-Bedroom Home in a Prime Location! This beautifully updated four-bedroom, two-bathroom split-entry home offers the perfect blend of space, functionality, and modern charm. Thoughtfully designed with an open and inviting layout, the home features vaulted ceilings and a stunning kitchen with a large center island, granite countertops, and updated cabinetry. The kitchen and dining area flow seamlessly to the spacious deck through sliding doors, creating an ideal setting for summer BBQs, morning coffee, or outdoor entertaining. The upper level includes two well-sized bedrooms, while the lower level offers two additional bedrooms and a versatile living space that can serve as a family room, home office, or play area. Two well-appointed bathrooms add convenience and comfort. Outside, the fully fenced backyard boasts beautifully maintained landscaping and plenty of room for outdoor activities, gardening, or simply enjoying the fresh air in privacy. Nearby city trails provide a perfect opportunity for scenic walks and outdoor adventures. An attached two-car garage ensures ample storage. Conveniently located near parks, restaurants, and shopping, this home provides easy access to all the amenities you need. Don’t miss out on this incredible opportunity—make this beautiful home yours today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.25
Remaining Loan Term
15 years, 6 months
Monthly PITI
$1,387.24/mo
Estimated Loan Balance
$107,806
Cash to close
$248,005
Interest Paid
$83,974

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age Over 8 Years
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
  • Vinyl Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 2000
Details
  • Builder:

Community & HOA

Community
  • Subdivision: East Farmington 6th Add
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: First Service Residential
  • HOA Amenities: Unknown
  • HOA Fee: $500
  • HOA Frequency: $Annually
Location
  • Region: Farmington

Financial Details

  • Price per Sqft: $189.84
  • Tax Annual Amount: $4052
  • On Market Date: 2025-03-13T00:00:00.000Z
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 $248,005 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $248,005!

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

Loan Breakdown

Assumed Mortgage4.25% Sellers Rate
$106,995
Your Cash:$248,005
Total Purchase Price:$355,000

Assumed vs Traditional Mortgage

Assumed @ 4.25%
$786/mo
Traditional @ 7.5%
$1,120/mo
You save $334/month ($4,002/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6684353

Listing From: northstar

Last updated: 2025-03-14T16:20:04.000Z

© , 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

4.25%
7.15%

Principal & Interest

$786 /mo
$1,080 /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 $248,005 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $248,005!

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

Loan Breakdown

Assumed Mortgage4.25% Sellers Rate
$106,995
Your Cash:$248,005
Total Purchase Price:$355,000

Assumed vs Traditional Mortgage

Assumed @ 4.25%
$786/mo
Traditional @ 7.5%
$1,120/mo
You save $334/month ($4,002/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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