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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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primary-2primary-3
Closed
Closed

$695,000

($421,606 down)
VA

537 W Faribault Street, Duluth, MN 55803

4
3
2,688 sqft
PITI Monthly
$2,197.68 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

2.6%
7.15%

Principal & Interest

$1,413 /mo
$2,232 /mo
$35,815 in interest paid off

What's Special

OPEN CONCEPT
SHOPPING
FIREPLACE
PATIO
MATURE TREES
Privately tucked away amongst the mature trees you will find this meticulously cared for 4 bedroom/ 3 bath home. Enjoy the open concept on the
main floor with an eat-in kitchen, large living room featuring a corner stone fireplace, bay windows overlooking the secluded back-yard, and a walk-out
to the gorgeous patio. Upper level comes complete with 4 bedrooms, and a den that could easily be a 5th bedroom if needed (no egress). Primary
bedroom contains a private en-suite with a heated floor. In-floor heat through-out the main level including the attached garage. Garage ... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.6
Remaining Loan Term
20 years, 3 months
Monthly PITI
$2,197.68/mo
Estimated Loan Balance
$283,241
Cash to close
$421,606
Interest Paid
$35,815

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Boiler, Forced Air, Radiant Floor
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • 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
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Steel Siding
  • Roof: Unknown
Condition
  • Year Built: 2008
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Colmans Second Acre Tr Add To Duluth
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Duluth

Financial Details

  • Price per Sqft: $258.56
  • Tax Annual Amount: $7413
  • On Market Date: Jul 17, 2024
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Savings Calculator

Current cash to close is $421,606 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$
0%20%50%

You cover the entire equity of $421,606!

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

Loan Breakdown

Assumed Mortgage2.6% Sellers Rate
$273,394
Your Cash:$421,606
Total Purchase Price:$695,000

Assumed vs Traditional Mortgage

Assumed @ 2.6%
$1,413/mo
Traditional @ 7.15%
$2,306/mo
You save $893/month ($10,715/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6570913

Listing From: northstar

Last updated: May 06, 2025 08:26am

© 2025, 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

2.6%
7.15%

Principal & Interest

$1,413 /mo
$2,232 /mo
$35,815 in interest paid off
Inquire about this property
​
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​
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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 $421,606 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$
0%20%50%

You cover the entire equity of $421,606!

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

Loan Breakdown

Assumed Mortgage2.6% Sellers Rate
$273,394
Your Cash:$421,606
Total Purchase Price:$695,000

Assumed vs Traditional Mortgage

Assumed @ 2.6%
$1,413/mo
Traditional @ 7.15%
$2,306/mo
You save $893/month ($10,715/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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