Laura Jewett

Laura Jewett

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Closed

$399,850

($271,537 down)
FHA

824 Park Street W, Cannon Falls, MN 55009

N/A
N/A
2,902 sqft
PITI Monthly
$1,260.25 /mo

Listing courtesy of: , Lawrence Realty Inc.

Assumed Rate

2.75%
7.15%

Principal & Interest

$671 /mo
$1,110 /mo

What's Special

LOCATION
SERENE
SPACIOUS
MOVE-IN READY
DECK
INCOME POTENTIAL
RENTAL INCOME

This exceptional residence, situated on an exquisite corner lot in a serene neighborhood, offers a unique blend of versatility and charm. The property features two distinct living spaces, each with its own private entrance, making it ideal for a range of lifestyle needs or rental opportunities. The freshly updated exterior, including newly painted decking and a screened-in porch, is complemented by meticulously refreshed landscaping, with new mulch and vibrant foliage enhancing its curb appeal. One of the upstairs bedrooms opens onto a private deck, providing a peaceful retreat for relaxation. The property is move-in ready, requiring no additional work, and is perfectly suited for tenants. Its prime location, close to the city yet surrounded by the tranquility of small towns, has already attracted significant interest. Whether you're looking for a multi-generational living arrangement, rental income potential, or simply a spacious home with abundant possibilities, this property is a rare find in a highly desirable area.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.75
Remaining Loan Term
20 years, 5 months
Monthly PITI
$1,260.25/mo
Estimated Loan Balance
$179,890
Cash to close
$271,537
Interest Paid
$38,479

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Forced Air
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age Over 8 Years, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: Duplex Up and Down
  • Architectural Style: Unknown
Materials
  • Steel Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1981
Details
  • Builder:

Community & HOA

Community
  • Subdivision: City/Cannon Falls
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Cannon Falls

Financial Details

  • Price per Sqft: $137.78
  • Tax Annual Amount: $3876
  • On Market Date: 2024-05-15T00:00:00.000Z
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 $271,537 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $271,537!

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

Loan Breakdown

Assumed Mortgage2.75% Sellers Rate
$128,313
Your Cash:$271,537
Total Purchase Price:$399,850

Assumed vs Traditional Mortgage

Assumed @ 2.75%
$671/mo
Traditional @ 7.5%
$1,151/mo
You save $480/month ($5,765/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6537013

Listing From: northstar

Last updated: 2024-10-25T21:35:02.000Z

© , 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

2.75%
7.15%

Principal & Interest

$671 /mo
$1,110 /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 $271,537 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $271,537!

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

Loan Breakdown

Assumed Mortgage2.75% Sellers Rate
$128,313
Your Cash:$271,537
Total Purchase Price:$399,850

Assumed vs Traditional Mortgage

Assumed @ 2.75%
$671/mo
Traditional @ 7.5%
$1,151/mo
You save $480/month ($5,765/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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