Laura Jewett

Laura Jewett

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Closed

$490,500

($451,431 down)
VA

1616 E 57th Street, Minneapolis, MN 55417

4
2
1,620 sqft
PITI Monthly
$1,843.01 /mo

Listing courtesy of: , Realty Group LLC

Assumed Rate

7.16%
7.15%

Principal & Interest

$1,114 /mo
$1,112 /mo

What's Special

SHOPPING
ENTERTAINMENT
DINING
COZY
MOTIVATED SELLER
INVESTMENT OPPORTUNITY

Motivated Seller, Please bring all offers! Welcome to your next home nestled on a desirable corner lot near the beautiful Minnehaha Parkway! This property is perfectly situated just minutes from the scenic Lake Nokomis, offering abundant recreational opportunities, and a short drive from the Mall of America and the International Airport. This home boasts incredible potential, with plenty of space to build up or expand to create your dream living space. Recent updates include a new roof installed in July 2024 and a water heater and furnace replaced just 6 years ago, ensuring peace of mind for years to come. Enjoy the convenience of nearby shopping, dining, and entertainment options, with a variety of restaurants just moments away. Whether you're looking for a cozy retreat or a fantastic investment opportunity, this property offers it all. Don't miss out on this gem with endless possibilities!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
7.16
Remaining Loan Term
6 years, 6 months
Monthly PITI
$1,843.01/mo
Estimated Loan Balance
$95,411
Cash to close
$451,431
Interest Paid
$218,591

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Block, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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
  • Block, Stucco
  • Roof: Unknown
Condition
  • Year Built: 1952
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $302.78
  • Tax Annual Amount: $6754
  • On Market Date: 2024-08-11T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $451,431 (92%)
You can enter any amount below - secondary financing will cover the difference if needed.
92%
$

You cover the entire equity of $451,431!

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

Loan Breakdown

Assumed Mortgage7.16% Sellers Rate
$39,069
Your Cash:$451,431
Total Purchase Price:$490,500

Assumed vs Traditional Mortgage

Assumed @ 7.16%
$1,114/mo
Traditional @ 7.5%
$1,154/mo
You save $40/month ($484/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6582466

Listing From: northstar

Last updated: 2024-09-18T19:41:03.000Z

© , 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

7.16%
7.15%

Principal & Interest

$1,114 /mo
$1,112 /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 $451,431 (92%)
You can enter any amount below - secondary financing will cover the difference if needed.
92%
$

You cover the entire equity of $451,431!

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

Loan Breakdown

Assumed Mortgage7.16% Sellers Rate
$39,069
Your Cash:$451,431
Total Purchase Price:$490,500

Assumed vs Traditional Mortgage

Assumed @ 7.16%
$1,114/mo
Traditional @ 7.5%
$1,154/mo
You save $40/month ($484/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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