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Closed

$250,000

($84,291 down)
FHA

1115 Roosevelt Avenue, Detroit Lakes, MN 56501

3
2
3,808 sqft
PITI Monthly
$1,538 /mo

Listing courtesy of: , HomeSmart Adventure Realty

Assumed Rate

6.78%
7.15%

Principal & Interest

$1,083 /mo
$1,124 /mo

What's Special

REMODELED
SHOPPING

Come and see all that this newly remodeled home in the heart of Detroit Lakes has to offer. 5 Bedrooms and 3 bathrooms, new carpet, paint, vinyl plank flooring, brand new kitchen appliances, finished lower level with tile shower, brand new furnace, and new roof installed summer of 2024. The large fenced backyard is perfect for entertaining. Close to shopping and just a few blocks from the city beach and Detroit Lakes High School. Schedule a showing today!

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Assumption Snapshot

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Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.78
Remaining Loan Term
29 years, 0 months
Monthly PITI
$1,538/mo
Estimated Loan Balance
$179,929
Cash to close
$84,291
Interest Paid
$11,230

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Forced Air
Features
  • Materials: Engineered Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Engineered Wood
  • Roof: Asphalt
Condition
  • Year Built: 1944
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hol 4th Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Detroit Lakes

Financial Details

  • Price per Sqft: $65.65
  • Tax Annual Amount: $2248
  • On Market Date: 2024-08-28T00:00:00.000Z
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Savings Calculator

Current cash to close is $84,291 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $84,291!

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

Loan Breakdown

Assumed Mortgage6.78% Sellers Rate
$165,709
Your Cash$84,291
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 6.78%
$1,083/mo
Traditional @ 7.15%
$1,166/mo
You save $83/month ($998/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6592798

Listing From: northstar

Last updated: 2024-10-30T23:22:02.000Z

© , 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

6.78%
7.15%

Principal & Interest

$1,083 /mo
$1,124 /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

Upgrade to gain access

Get Access

Savings Calculator

Current cash to close is $84,291 (34%)
You can enter any amount below - secondary financing will cover the difference if needed.
34%
$

You cover the entire equity of $84,291!

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

Loan Breakdown

Assumed Mortgage6.78% Sellers Rate
$165,709
Your Cash$84,291
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 6.78%
$1,083/mo
Traditional @ 7.15%
$1,166/mo
You save $83/month ($998/year)

*Secondary financing rates are an estimated value based on input

equal-housing

UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.