Laura Jewett

Laura Jewett

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Pending

$320,000

($51,854 down)
VA

734 E Academy Street, Owatonna, MN 55060

3
3
1,772 sqft
PITI Monthly
$1,428.5 /mo

Listing courtesy of: , Coldwell Banker River Valley, REALTORS

Assumed Rate

3.45%
7.15%

Principal & Interest

$1,273 /mo
$1,927 /mo

What's Special

REMODELED
LOCATION
SHOPPING
SPACIOUS
MODERN
FINISHED BASEMENT
FENCED YARD
CUL-DE-SAC
SAFE

Welcome to this delightful single-level home nestled in a peaceful cul-de-sac in Owatonna. This thoughtfully updated property offers three comfortable bedrooms and three bathrooms, including a specially equipped bathroom with a walk-in tub for enhanced accessibility. Recent improvements showcase a beautifully remodeled kitchen, updated windows throughout, and a newer furnace system, while the 2018 roof replacement ensures lasting protection. The home features an accessible entrance with a ramp, making it perfectly suited for residents with varying mobility needs. The spacious interior flows seamlessly, while the unfinished basement presents exciting possibilities for additional living space. Outside, you'll find a generously sized, fenced yard providing both privacy and security - perfect for children and pets to play safely. Car enthusiasts and storage seekers will appreciate the oversized three-stall garage, offering ample space for vehicles and storage. The property's location puts you within walking distance of Pillsbury Park and local schools, while grocery shopping and other amenities are just a short drive away. This well-maintained home combines modern updates with practical features, creating an ideal setting for comfortable, accessible living in a friendly neighborhood setting.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.45
Remaining Loan Term
26 years, 11 months
Monthly PITI
$1,428.5/mo
Estimated Loan Balance
$271,130
Cash to close
$51,854
Interest Paid
$29,452

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
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, Full
Roof
  • Roof: Age 8 Years or Less, Asphalt
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
  • Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 2008
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Morningside
  • Features: Grab Bars In Bathroom, Partially Wheelchair, Wheelchair Ramp(s)
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $180.59
  • Tax Annual Amount: $64
  • On Market Date: 2025-03-07T00:00:00.000Z
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 $51,854 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $51,854!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$268,146
Your Cash$51,854
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,273/mo
Traditional @ 7.5%
$1,999/mo
You save $726/month ($8,707/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6681335

Listing From: northstar

Last updated: 2025-03-11T13:58:03.000Z

© , 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

3.45%
7.15%

Principal & Interest

$1,273 /mo
$1,927 /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 $51,854 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $51,854!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$268,146
Your Cash$51,854
Total Purchase Price:$320,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$1,273/mo
Traditional @ 7.5%
$1,999/mo
You save $726/month ($8,707/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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