Laura Jewett

Laura Jewett

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Closed

$370,000

($254,401 down)
FHA

7316 Large Avenue NE, Otsego, MN 55301

4
2
2,305 sqft
PITI Monthly
$1,259.6 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

3.88%
7.15%

Principal & Interest

$726 /mo
$1,042 /mo

What's Special

REMODELED
LOCATION
SERENE
SHOPPING
DINING
SPACIOUS
DECK
CONVENIENT LOCATION

Beautiful 4 Bedroom, 2 Bathroom home with private and serene prairie views. This quality-built home has been well cared for and updated throughout. The large main living level features an open flow floorplan with large kitchen, informal dining space with access to the maintenance free deck, expansive living room, 3 spacious bedrooms and a full bathroom. The lower level is complete with a family room with bar area, one additional bedroom, a remodeled 3/4 bath with walk-in shower and laundry room. Spotless 3 car garage. Super convenient location – near shopping, dining, parks, trails and more! Quick access to freeways & highways for easy commuting.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.88
Remaining Loan Term
18 years, 1 months
Monthly PITI
$1,259.6/mo
Estimated Loan Balance
$115,950
Cash to close
$254,401
Interest Paid
$62,622

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt, Pitched
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone
  • Roof: Asphalt, Pitched
Condition
  • Year Built: 2010
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $160.52
  • Tax Annual Amount: $3290
  • On Market Date: 2024-07-09T00:00:00.000Z
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 $254,401 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $254,401!

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

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$115,599
Your Cash:$254,401
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$726/mo
Traditional @ 7.5%
$1,081/mo
You save $355/month ($4,260/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6565183

Listing From: northstar

Last updated: 2024-08-19T19:17:02.000Z

© , 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

3.88%
7.15%

Principal & Interest

$726 /mo
$1,042 /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 $254,401 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $254,401!

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

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$115,599
Your Cash:$254,401
Total Purchase Price:$370,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$726/mo
Traditional @ 7.5%
$1,081/mo
You save $355/month ($4,260/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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