Cheryl Riley

Cheryl Riley

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$339,900

($234,935 down)
FHA

1311 Scenic Heights Road NE, Alexandria, MN 56308

4
2
2,027 sqft
PITI Monthly
$1,128.95 /mo

Listing courtesy of: , Premier Real Estate Services

Assumed Rate

3.75%
7.15%

Principal & Interest

$685 /mo
$999 /mo

What's Special

SERENE
DINING
MOVE-IN READY
MATURE TREES
CHARMING
EFFICIENT

Immaculate home in a highly desirable neighborhood! Pride in ownership shines throughout this charming 4-bedroom, 2-bath rambler in Alexandria. With 1,961 sq ft of thoughtfully designed living space, this home offers comfort, functionality, and style. The bright kitchen and dining room overlook the backyard and offer serene views of the mature trees. The seller has completed numerous recent updates, including new windows, a water heater, and a water softener, making this home efficient, move-in ready and offering peace of mind for the next homeowner. Situated on nearly half an acre, there's plenty of room to enjoy outdoor living. A fenced-in garden area is already in place and ready for this year’s harvest—ideal for any green thumb or hobby gardener. The clean, two-stall attached garage offers convenience and ample space for vehicles or storage. Additionally, there's a handy storage shed—perfect for lawn equipment, outdoor toys, or tools. This home checks all the boxes and is ready for you to make it your own!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.75
Remaining Loan Term
17 years, 5 months
Monthly PITI
$1,128.95/mo
Estimated Loan Balance
$122,664
Cash to close
$234,935
Interest Paid
$60,507

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected, Drilled, Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Unknown
Condition
  • Year Built: 1985
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Scenic Heights 1st Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Alexandria

Financial Details

  • Price per Sqft: $167.69
  • Tax Annual Amount: $2274
  • On Market Date: 2025-04-07T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $234,935 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $234,935!

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

Loan Breakdown

Assumed Mortgage3.75% Sellers Rate
$104,965
Your Cash:$234,935
Total Purchase Price:$339,900

Assumed vs Traditional Mortgage

Assumed @ 3.75%
$685/mo
Traditional @ 7.15%
$1,036/mo
You save $351/month ($4,213/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6699108

Listing From: northstar

Last updated: 2025-04-11T10:07:03.000Z

© , 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

3.75%
7.15%

Principal & Interest

$685 /mo
$999 /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 $234,935 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $234,935!

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

Loan Breakdown

Assumed Mortgage3.75% Sellers Rate
$104,965
Your Cash:$234,935
Total Purchase Price:$339,900

Assumed vs Traditional Mortgage

Assumed @ 3.75%
$685/mo
Traditional @ 7.15%
$1,036/mo
You save $351/month ($4,213/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© 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 American Allstar Realty 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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