Laura Jewett

Laura Jewett

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Closed

$525,000

($298,269 down)
VA

896 Gunflint Trail, Grand Marais, MN 55604

4
3
2,934 sqft
PITI Monthly
$1,660.06 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

3.96%
7.15%

Principal & Interest

$1,307 /mo
$1,858 /mo

What's Special

REMODELED
SERENE
DINING
MODERN
FIREPLACE
VAULTED CEILINGS
OUTDOOR LIVING SPACE
DECK
COZY

Nestled just two miles up the scenic Gunflint Trail from Grand Marais, this exquisite home offers a unique blend of rustic charm and modern amenities, set against the backdrop of Minnesota’s breathtaking wilderness. Spanning 4.75 lush acres adjacent to the Pincushion ski and hiking trails, this property promises an immersive nature experience while maintaining close proximity to town comforts. At the heart of the property sits a meticulously crafted main residence, boasting 2,154 finished square feet of living space across two floors, complemented by a 768-square-foot basement. The interior features a large living room with 10 foot ceilings and a beautiful white tiled fireplace, which provides warmth and ambiance, perfect for Minnesota’s snowy evenings. Adjacent to this, The remodeled kitchen is a chef’s delight, featuring granite and butcher block countertops, gas stove, breakfast bar, walk-in pantry and vaulted ceilings. The kitchen opens to the dining room that dazzles with its Carlton Peak rock chimney and expansive picture windows that frame stunning views of the surrounding woods. Upstairs, the home offers a versatile loft, with its wonderful built-ins, views to the kitchen and completely ideal for an office or TV room, along with a cozy bedroom with great vaulted ceilings. Unique touches like handmade doors and extensive woodwork throughout the home highlight its bespoke craftsmanship. The property is equipped with a high-efficiency propane boiler for hot water heat, combining both in-floor and baseboard systems, along with an air exchange system, ensuring comfort throughout the seasons. The walk-out basement enhances the living space with a huge sunroom, inviting the outside in. Outdoor living spaces include a wrap-around covered deck and a screened porch, perfect for enjoying the serene views of Lake Superior and the enveloping forest. The large wood shed and two-car garage, which features a newly remodeled attached heated guest house with a bedroom, a 3/4 bathroom, and a fully equipped kitchen, add practicality, charm, comfort and privacy for visitors. Not to be overlooked, the property includes a traditional log sauna, offering a genuine Northern Minnesota sauna experience. This property is a sanctuary for those who seek to combine rustic elegance with the adventure of the great outdoors. Whether skiing, hiking, or simply relaxing by the fire, this home is a perfect base for all your wilderness adventures. Request your showing for this spectacular home today!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.96
Remaining Loan Term
20 years, 10 months
Monthly PITI
$1,660.06/mo
Estimated Loan Balance
$228,947
Cash to close
$298,269
Interest Paid
$90,915

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Boiler, Fireplace(s), Radiant Floor, Other
Features
  • Materials: Cedar, Log, Log Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, Architecural Shingle, Pitched
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Mound Septic, Private Sewer, Septic System Compliant - Yes
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Cedar, Log, Log Siding
  • Roof: Age Over 8 Years, Architecural Shingle, Pitched
Condition
  • Year Built: 1979
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Partially Wheelchair
HOA
  • Has HOA: No
Location
  • Region: Grand Marais

Financial Details

  • Price per Sqft: $178.94
  • Tax Annual Amount: $2240
  • On Market Date: 2024-08-05T00:00:00.000Z
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 $298,269 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $298,269!

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

Loan Breakdown

Assumed Mortgage3.96% Sellers Rate
$226,731
Your Cash:$298,269
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.96%
$1,307/mo
Traditional @ 7.5%
$1,927/mo
You save $620/month ($7,442/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6576791

Listing From: northstar

Last updated: 2024-09-13T19:31:02.000Z

© , 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

3.96%
7.15%

Principal & Interest

$1,307 /mo
$1,858 /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 $298,269 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $298,269!

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

Loan Breakdown

Assumed Mortgage3.96% Sellers Rate
$226,731
Your Cash:$298,269
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.96%
$1,307/mo
Traditional @ 7.5%
$1,927/mo
You save $620/month ($7,442/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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