Cheryl Riley

Cheryl Riley

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$250,000

($109,776 down)
FHA

716 Auburn Place NW, Elk River, MN 55330

2
1
1,102 sqft
PITI Monthly
$1,214.35 /mo

Listing courtesy of: , Keller Williams Classic Realty

Assumed Rate

3.8%
7.15%

Principal & Interest

$737 /mo
$1,068 /mo

What's Special

FRESH PAINT
LUXURY
STAINLESS STEEL APPLIANCES
AFFORDABLE

Welcome Home to 716 Auburn Place! This IMMACULATE & ADORABLY Refreshed Single Level Home Sure to Impress! Boasting Bright & Cheery White Cabinetry-Gorgeous Granite Counter Tops-Stainless Steel Appliances-Wood Clad Peninsula-LED Recessed & ALL Newer Lighting Throughout-Luxury Vinyl Plank Flooring-Fresh Paint-New Interior Doors-Hardware-Shower Surround-Bath Vanity & More! You MUST See to Appreciate! This Home is AFFORDABLE & Beyond ADORABLE! Small Association is Self Managed! Nestled at the End of the Cul De Sac (Private to The Association) The Units Back Up to Single Family Homes! Generous Green Space Feels Like Your Own Yard! Growing a Garden Possible Here If You Maintain! This Home Offers So Much! *Note Watering is Homeowners Responsibility-Garbage & Water Are NOT Included in HOA Dues BUT Hazard Insurance IS Included! Enjoy the Benefits of a SMALL ASSOCIATION! Get Here Soon-This One is SPECIAL!!!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.8
Remaining Loan Term
24 years, 4 months
Monthly PITI
$1,214.35/mo
Estimated Loan Balance
$141,097
Cash to close
$109,776
Interest Paid
$32,217

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, Architectural Shingle, 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: Townhouse Side x Side
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Wood Siding
  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
Condition
  • Year Built: 1994
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Bruce Add
  • Features: No Stairs External, No Stairs Internal
HOA
  • Has HOA: Yes
  • HOA Name: Self Managed-Gretchen B. President
  • HOA Amenities: Unknown
  • HOA Fee: $300
  • HOA Frequency: $Monthly
Location
  • Region: Elk River

Financial Details

  • Price per Sqft: $226.86
  • Tax Annual Amount: $2588
  • On Market Date: 2025-04-11T00:00:00.000Z
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 $109,776 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $109,776!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$140,224
Your Cash$109,776
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$737/mo
Traditional @ 7.15%
$1,108/mo
You save $371/month ($4,451/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6700510

Listing From: northstar

Last updated: 2025-04-14T18:17:04.000Z

© , 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

3.8%
7.15%

Principal & Interest

$737 /mo
$1,068 /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 $109,776 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $109,776!

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

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$140,224
Your Cash$109,776
Total Purchase Price:$250,000

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$737/mo
Traditional @ 7.15%
$1,108/mo
You save $371/month ($4,451/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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