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$315,000

($71,838 down)
FHA

1640 9th Avenue SE, Rochester, MN 55904

4
2
1,828 sqft
PITI Monthly
$1,823.1 /mo

Listing courtesy of: , Re/Max Results

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,126 /mo
$1,791 /mo

What's Special

DINING
SPACIOUS
LUXURY
STAINLESS STEEL APPLIANCES
DECK
FENCED YARD

Welcome to this beautifully maintained home nestled in the peaceful Meadow Park neighborhood, surrounded by other well-kept residences. Enjoy a low-maintenance, fully fenced yard with raised garden beds and a generously sized deck, accessible from the informal dining area. This home offers numerous updates, including brand-new carpet installed in April 2025, a high-efficiency furnace and air conditioning system added in 2022, and updated electrical service. According to Rochester Building Permit records and previous listing data, the windows, siding, and roof were all updated in 2011.Inside, you will find easy-to-maintain luxury vinyl plank flooring, stainless steel appliances, recently painted cherry wood cabinets, and abundant counter space, including a convenient snack bar. One of the most delightful features of this home is the natural sunlight that fills the space throughout the morning and afternoon. The lower level includes a spacious family room, a full bathroom, two additional bedrooms, and a laundry area—washer and dryer are included. The oversized two-car garage measures 24 by 26 feet, offering a total of 624 square feet. Situated on a spacious corner lot with attractive landscaping and excellent curb appeal, this four-bedroom, two-bathroom home is sure to impress. It is within walking distance of Ben Franklin Elementary School, city trails, Jean and Carl Frank Canine Park, and local coffee shops. Downtown Rochester is just a 10-minute drive away, offering access to Mayo Clinic, a variety of restaurants, the farmers market, and the popular summer event, Thursdays on First.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 2 months
Monthly PITI
$1,823.1/mo
Estimated Loan Balance
$245,174
Cash to close
$71,838
Interest Paid
$29,863

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • 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, Full
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: 1970
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Meadow Park 4th Sub-Torrens
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Rochester

Financial Details

  • Price per Sqft: $172.32
  • Tax Annual Amount: $4308
  • On Market Date: 2025-04-30T00:00:00.000Z
Inquire about this property

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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 $71,838 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $71,838!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$243,162
Your Cash$71,838
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,126/mo
Traditional @ 7.15%
$1,857/mo
You save $731/month ($8,772/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6711046

Listing From: northstar

Last updated: 2025-05-02T21:44:03.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,126 /mo
$1,791 /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 $71,838 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $71,838!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$243,162
Your Cash$71,838
Total Purchase Price:$315,000

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,126/mo
Traditional @ 7.15%
$1,857/mo
You save $731/month ($8,772/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.

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