Laura Jewett

Laura Jewett

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$280,000

($200,932 down)
FHA

9038 Merrimac Lane N, Maple Grove, MN 55311

2
2
1,626 sqft
PITI Monthly
$1,058.37 /mo

Listing courtesy of: , Keller Williams Realty Integrity Lakes

Assumed Rate

4.5%
7.15%

Principal & Interest

$570 /mo
$760 /mo

What's Special

SERENE
CUL-DE-SAC

Enjoy the comfort of this 2-bedroom, 2-bath side-by-side condo with peaceful views of a pond and woods. Located on a private dead-end cul-de-sac, this home features an open floor plan with natural woodwork, an eat-in kitchen, 2nd-floor laundry, and a primary bedroom suite. Convenient 2-stall garage adds extra value. A serene retreat in Maple Grove with easy living at its finest! Contact us today to schedule a showing—you won’t want to miss this opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.5
Remaining Loan Term
16 years, 4 months
Monthly PITI
$1,058.37/mo
Estimated Loan Balance
$159,883
Cash to close
$200,932
Interest Paid
$60,039

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Family Room, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Asphalt
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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cic 0843 Copper Marsh Coach Homes
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Omega Property Management
  • HOA Amenities: Unknown
  • HOA Fee: $316
  • HOA Frequency: $Monthly
Location
  • Region: Maple Grove

Financial Details

  • Price per Sqft: $172.2
  • Tax Annual Amount: $3099
  • On Market Date: 2025-04-04T00:00:00.000Z
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 $200,932 (72%)
You can enter any amount below - secondary financing will cover the difference if needed.
72%
$

You cover the entire equity of $200,932!

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

Loan Breakdown

Assumed Mortgage4.5% Sellers Rate
$79,068
Your Cash:$200,932
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 4.5%
$570/mo
Traditional @ 7.5%
$789/mo
You save $218/month ($2,619/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6696945

Listing From: northstar

Last updated: 2025-04-04T16:58:03.000Z

© , 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

4.5%
7.15%

Principal & Interest

$570 /mo
$760 /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 $200,932 (72%)
You can enter any amount below - secondary financing will cover the difference if needed.
72%
$

You cover the entire equity of $200,932!

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

Loan Breakdown

Assumed Mortgage4.5% Sellers Rate
$79,068
Your Cash:$200,932
Total Purchase Price:$280,000

Assumed vs Traditional Mortgage

Assumed @ 4.5%
$570/mo
Traditional @ 7.5%
$789/mo
You save $218/month ($2,619/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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