Cheryl Riley

Cheryl Riley

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Closed

$479,900

($222,856 down)
FHA

3547 Gull Lake Dam Road, Brainerd, MN 56401

5
3
2,716 sqft
PITI Monthly
$1,665.51 /mo

Listing courtesy of: , RE/MAX Results - Nisswa

Assumed Rate

2.87%
7.15%

Principal & Interest

$1,146 /mo
$1,866 /mo

What's Special

DECK
MATURE TREES

6 bedroom 3 bath home on 10 Beautiful wooded acres. 40x30 insulated/heated shop! Located in the heart of the lakes Area Between Championship golf, Gull Lake public access and multiple restaurants! Updated home includes new kitchen, bathrooms, flooring doors, trim and 3 bedrooms on each level! The shop has its own driveway off the Gull River road. The 10 acres is very private with mature trees large yard and backyard deck.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.87
Remaining Loan Term
26 years, 5 months
Monthly PITI
$1,665.51/mo
Estimated Loan Balance
$342,937
Cash to close
$222,856
Interest Paid
$27,334

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Fiber Board
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 6
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer, Tank with Drainage Field
  • Water Source: Private, Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Fiber Board
  • Roof: Asphalt
Condition
  • Year Built: 1982
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Brainerd

Financial Details

  • Price per Sqft: $176.69
  • Tax Annual Amount: $1890
  • On Market Date: 2024-10-25T00:00:00.000Z
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 $222,856 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $222,856!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$257,044
Your Cash$222,856
Total Purchase Price:$479,900

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,146/mo
Traditional @ 7.15%
$1,936/mo
You save $790/month ($9,482/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6620587

Listing From: northstar

Last updated: 2024-11-26T19:20:02.000Z

© , 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

2.87%
7.15%

Principal & Interest

$1,146 /mo
$1,866 /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 $222,856 (46%)
You can enter any amount below - secondary financing will cover the difference if needed.
46%
$

You cover the entire equity of $222,856!

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

Loan Breakdown

Assumed Mortgage2.87% Sellers Rate
$257,044
Your Cash$222,856
Total Purchase Price:$479,900

Assumed vs Traditional Mortgage

Assumed @ 2.87%
$1,146/mo
Traditional @ 7.15%
$1,936/mo
You save $790/month ($9,482/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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