Property SearchContact
primary-1
primary-2primary-3
Active

$354,500

($327,162 down)
FHA

1058 Falcon Road SE, Rochester, MN 55904

3
2
2,020 sqft
PITI Monthly
$621.18 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

2.81%
7.15%

Principal & Interest

$124 /mo
$203 /mo

What's Special

DINING
SPACIOUS
HARDWOOD FLOORS
VAULTED CEILINGS
WALK-IN CLOSET
DECK
COZY

From the inviting curb appeal to the thoughtfully designed interior, this home offers comfort and function at every turn. Step into a bright, open living room with soaring vaulted ceilings. Just a few steps up, you'll find a spacious, open—concept kitchen featuring abundant cabinetry, a generous pantry, and a center island—perfect for cooking and entertaining. The adjoining dining area flows seamlessly to a private deck with a wooded view, ideal for enjoying long summer evenings. Beautiful hardwood floors run throughout this level, which includes two well-sized bedrooms. The large primary bedroom features a walk-in closet and private access to the full bath. Main floor laundry adds everyday convenience. The lower level offers a cozy, cabin-like ambiance with a warm family room and a third bedroom with a spacious walk-in closet. Storage is plentiful with two interior storage rooms, a crawl space beneath the living room, and two exterior sheds—one of which is finished with drywall, house-style windows, and a loft area, making it perfect for a workshop or creative studio. Tucked against a lush, wooded backdrop, this home offers backyard privacy and peaceful views. Don't miss this amazing opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.81
Remaining Loan Term
25 years, 11 months
Monthly PITI
$621.18/mo
Estimated Loan Balance
$43,021
Cash to close
$327,162
Interest Paid
$3,302

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: 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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Valley Side Estates 3
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $175.5
  • Tax Annual Amount: $3912
  • On Market Date: 2025-04-29T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $327,162 (92%)
You can enter any amount below - secondary financing will cover the difference if needed.
92%
$

You cover the entire equity of $327,162!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$27,338
Your Cash:$327,162
Total Purchase Price:$354,500

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$124/mo
Traditional @ 7.15%
$211/mo
You save $87/month ($1,045/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6703181

Listing From: northstar

Last updated: 2025-05-02T20:19:04.000Z

© , 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

2.81%
7.15%

Principal & Interest

$124 /mo
$203 /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 $327,162 (92%)
You can enter any amount below - secondary financing will cover the difference if needed.
92%
$

You cover the entire equity of $327,162!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$27,338
Your Cash:$327,162
Total Purchase Price:$354,500

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$124/mo
Traditional @ 7.15%
$211/mo
You save $87/month ($1,045/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Exit Realty
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899

© 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.

equal-housing

Exit Realty © is committed to and abides by the Fair Housing Act of Equal Opportunity.