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Closed
Closed

$525,000

($298,269 down)
VA

896 Gunflint Trail, Grand Marais, MN 55604

4
3
2,934 sqft
PITI Monthly
$1,660.06 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

3.96%
7.15%

Principal & Interest

$1,307 /mo
$1,858 /mo
$91,649 in interest paid off

What's Special

REMODELED
SERENE
DINING
MODERN
FIREPLACE
VAULTED CEILINGS
OUTDOOR LIVING SPACE
DECK
COZY
Nestled just two miles up the scenic Gunflint Trail from Grand Marais, this exquisite home offers a unique blend of rustic charm and modern amenities,
set against the backdrop of Minnesota’s breathtaking wilderness. Spanning 4.75 lush acres adjacent to the Pincushion ski and hiking trails, this property
promises an immersive nature experience while maintaining close proximity to town comforts. At the heart of the property sits a meticulously crafted
main residence, boasting 2,154 finished square feet of living space across two floors, complemented by a 768-square-foot basement. The... Show more
... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.96
Remaining Loan Term
20 years, 9 months
Monthly PITI
$1,660.06/mo
Estimated Loan Balance
$228,947
Cash to close
$298,269
Interest Paid
$91,649

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Boiler, Fireplace(s), Radiant Floor, Other
Features
  • Materials: Cedar, Log, Log Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, Architecural Shingle, Pitched
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Mound Septic, Private Sewer, Septic System Compliant - Yes
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Cedar, Log, Log Siding
  • Roof: Age Over 8 Years, Architecural Shingle, Pitched
Condition
  • Year Built: 1979
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Partially Wheelchair
HOA
  • Has HOA: No
Location
  • Region: Grand Marais

Financial Details

  • Price per Sqft: $178.94
  • Tax Annual Amount: $2240
  • On Market Date: Aug 05, 2024
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Savings Calculator

Current cash to close is $298,269 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$
0%20%50%

You cover the entire equity of $298,269!

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

Loan Breakdown

Assumed Mortgage3.96% Sellers Rate
$226,731
Your Cash:$298,269
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.96%
$1,307/mo
Traditional @ 7.15%
$1,927/mo
You save $620/month ($7,442/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6576791

Listing From: northstar

Last updated: Sep 13, 2024 07:31pm

© 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

3.96%
7.15%

Principal & Interest

$1,307 /mo
$1,858 /mo
$91,649 in interest paid off
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 $298,269 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$
0%20%50%

You cover the entire equity of $298,269!

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

Loan Breakdown

Assumed Mortgage3.96% Sellers Rate
$226,731
Your Cash:$298,269
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.96%
$1,307/mo
Traditional @ 7.15%
$1,927/mo
You save $620/month ($7,442/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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