$349,900
($204,330 down)1016 Merrifield Street, Shakopee, MN 55379
PITI Monthly
Listing courtesy of: , RE/MAX Advantage Plus
Assumed Rate
4.04%
7.15%Principal & Interest
$895 /mo
$1,260 /moWhat's Special
Welcome home to your new house in a great Shakopee neighborhood! This beauty features an open concept main level with an updated kitchen, 3 bedrooms on the main level, an updated main level bathroom, new carpet, floors and an amazing flat backyard. The lower level has two additional bedrooms (one is non conforming and does not have a closet but does come with an amore) another family room, laundry with storage and an additional bathroom. Updates include new backyard concrete slabs, updated kitchen and bathroom and all new flooring and paint, garage door and painted exterior. Move in ready and a quick closing possible!
Assumption Snapshot
Type of Loan
FHA
Interest Rate
4.04
Remaining Loan Term
19 years, 8 months
Monthly PITI
$1,461.36/mo
Estimated Loan Balance
$145,974
Cash to close
$204,330
Interest Paid
$69,988
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
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: Chain Link, Wood
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: None
Construction
Type & Style
- Stories:
- Home type: Single Family Residence
- Architectural Style: Unknown
Materials
- Brick/Stone, Wood Siding
- Roof: Unknown
Condition
- Year Built: 1974
Details
- Builder:
Community & HOA
Community
- Subdivision:
- Features: None
HOA
- Has HOA: No
Location
- Region: Shakopee
Financial Details
- Price per Sqft: $172.7
- Tax Annual Amount: $3411
- On Market Date: 2025-05-01T00:00:00.000Z
Inquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $204,330!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: NST6705794
Listing From: northstar
Last updated: 2025-05-02T10:06:04.000Z
© , 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
4.04%
7.15%Principal & Interest
$895 /mo
$1,260 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $204,330!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899Resources
Apply to Assume© 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 Exit 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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