Laura Jewett

Laura Jewett

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

$250,000

($85,360 down)
FHA

725 Summit Avenue, Saint Paul Park, MN 55071

2
1
865 sqft
PITI Monthly
$1,248.2 /mo

Listing courtesy of: , Keller Williams Preferred Rlty

Assumed Rate

3.06%
7.15%

Principal & Interest

$743 /mo
$1,181 /mo

What's Special

LOCATION
MODERN
FINISHED BASEMENT

Welcome to this delightful 2-bedroom, 1-bathroom home nestled in the heart of St. Paul Park! This property is brimming with charm and modern updates, making it the perfect place to call home. Step onto the cute front porch, ideal for enjoying your morning coffee or unwinding after a long day. Inside, you’ll find a warm and inviting living space with thoughtful updates throughout. The oversized 2-car garage provides ample storage as well as parking, a rare find in this area! The fully fenced backyard, complete with a sturdy wood privacy fence, offers the perfect setting for entertaining, gardening, or letting pets and kids play freely. An unfinished basement adds incredible potential for extra storage or a workshop. Its fantastic location provides easy access to local parks and roads, ensuring convenience is always at your fingertips. With many updates already taken care of, this home is ready for you to move in and start making memories. Don’t miss the opportunity to own this gem!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
27 years, 0 months
Monthly PITI
$1,248.2/mo
Estimated Loan Balance
$167,511
Cash to close
$85,360
Interest Paid
$15,560

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
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: Full, Privacy, Wood
Roof
  • Roof: Age Over 8 Years, Asphalt, Pitched
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Age Over 8 Years, Asphalt, Pitched
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

Community
  • Subdivision: St Paul Park Div 03
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Saint Paul Park

Financial Details

  • Price per Sqft: $289.02
  • Tax Annual Amount: $2778
  • On Market Date: 2025-01-06T00:00:00.000Z
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 $85,360 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $85,360!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$164,640
Your Cash$85,360
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$743/mo
Traditional @ 7.5%
$1,225/mo
You save $482/month ($5,786/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6618535

Listing From: northstar

Last updated: 2025-02-13T22:20:02.000Z

© , 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

3.06%
7.15%

Principal & Interest

$743 /mo
$1,181 /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 $85,360 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $85,360!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$164,640
Your Cash$85,360
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$743/mo
Traditional @ 7.5%
$1,225/mo
You save $482/month ($5,786/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.