Laura Jewett

Laura Jewett

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Closed

$240,000

($142,932 down)
FHA

1045 James Avenue N, Minneapolis, MN 55411

N/A
N/A
2,505 sqft
PITI Monthly
$1,147.78 /mo

Listing courtesy of: , Keller Williams Preferred Rlty

Assumed Rate

6.64%
7.15%

Principal & Interest

$626 /mo
$660 /mo

What's Special

SHOPPING
DINING
SPACIOUS
HOME OFFICE
GAME ROOM
INVESTMENT OPPORTUNITY

Welcome to 1045 James Avenue North, a versatile multi-housing home in Minneapolis that has been family-owned for over 65 years, offering ample space and flexibility. The first floor features three generously sized bedrooms, one bathroom, an eat-in kitchen, and a spacious living and dining area, making it ideal for family living or entertaining. On the second floor, you'll find two additional bedrooms, one bathroom, another eat-in kitchen, and comfortable living and dining spaces—perfect for multi-generational living or rental potential. The third floor offers even more possibilities, with several rooms that can easily be converted into a studio apartment, extra bedrooms, or custom spaces such as a home office or game room. Outside, the grassy backyard is perfect for outdoor activities, relaxation, or gardening. Located near I-94, Bethune Park, Barnes Park, and an array of local dining and shopping options, this property combines convenience with endless potential. With over 65 years of family history, this home is ready to welcome its next chapter, whether as a family home or investment opportunity.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.64
Remaining Loan Term
28 years, 11 months
Monthly PITI
$1,147.78/mo
Estimated Loan Balance
$97,333
Cash to close
$142,932
Interest Paid
$6,989

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Full
Roof
  • Roof: Age Over 8 Years, Pitched
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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: Duplex Up and Down
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Age Over 8 Years, Pitched
Condition
  • Year Built: 1914
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Oak Park Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $95.81
  • Tax Annual Amount: $3626
  • On Market Date: 2024-10-24T00:00:00.000Z
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 $142,932 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $142,932!

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

Loan Breakdown

Assumed Mortgage6.64% Sellers Rate
$97,068
Your Cash:$142,932
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 6.64%
$626/mo
Traditional @ 7.5%
$684/mo
You save $58/month ($695/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6605673

Listing From: northstar

Last updated: 2024-12-04T20:13:02.000Z

© , 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

6.64%
7.15%

Principal & Interest

$626 /mo
$660 /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 $142,932 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$

You cover the entire equity of $142,932!

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

Loan Breakdown

Assumed Mortgage6.64% Sellers Rate
$97,068
Your Cash:$142,932
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 6.64%
$626/mo
Traditional @ 7.5%
$684/mo
You save $58/month ($695/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© 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 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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