Laura Jewett

Laura Jewett

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Pending

$399,900

($177,367 down)
FHA

2238 E 56th Street, Minneapolis, MN 55417

3
2
1,515 sqft
PITI Monthly
$1,947.69 /mo

Listing courtesy of: , Keller Williams Realty Integrity Lakes

Assumed Rate

4.33%
7.15%

Principal & Interest

$1,269 /mo
$1,726 /mo

What's Special

REMODELED
LOCATION
FRESH PAINT
SPACIOUS
MOVE-IN READY
MODERN
RENOVATED

Welcome to 2238 E 56th Street, a beautifully updated 3-bed, 2-bath home in one of Minneapolis’ most sought-after neighborhoods, just south of Lake Nokomis! Thoughtfully designed with modern updates while maintaining its timeless character, this home is truly move-in ready. Step inside to a stunning brand-new kitchen, featuring one-of-a-kind stone countertops, all-new Samsung wifi enabled appliances, fixtures, and custom cabinetry, a full 'to the studs' renovation and true showstopper! The main-level bath has been impeccably remodeled, blending the home’s original tile with fresh, modern touches, bold wallpaper, black accents, and a sleek vessel sink sitting atop a black dolomite countertop for added sophistication. Two bright and airy bedrooms on the main level provide comfortable living, while the lower level offers a spacious family room, an additional bedroom, and a second bath. The family room has been completely refreshed with brand-new carpet (2025), updated ceiling, and fresh paint. Two new egress windows in the lower level add bright light and a more open feeling. Additional upgrades include new wifi enabled Samsung washer and dryer (2023), a new furnace (2024), and brand-new air conditioning (2025), ensuring comfort for years to come. Outdoors, enjoy a private driveway, with plenty of additional parking plus a full 2 car garage. The long yard is fully fenced and you have the option to keep the moveable shed as a studio, workshop or yoga room. Plus, a brand-new roof is scheduled for installation in March 2025, making this home an incredible value! Enjoy easy access to Lake Nokomis (just 1 block away), Minnehaha Parkway, parks, trails, and top local spots like Riverview Café, Town Hall Tap, and Fat Lorenzo’s. A fully renovated home in a prime location; don’t miss this rare opportunity! Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.33
Remaining Loan Term
23 years, 1 months
Monthly PITI
$1,947.69/mo
Estimated Loan Balance
$283,461
Cash to close
$177,367
Interest Paid
$71,836

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1961
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $263.96
  • Tax Annual Amount: $4168
  • On Market Date: 2025-02-26T00:00:00.000Z
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 $177,367 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $177,367!

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

Loan Breakdown

Assumed Mortgage4.33% Sellers Rate
$222,533
Your Cash$177,367
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 4.33%
$1,269/mo
Traditional @ 7.5%
$1,791/mo
You save $521/month ($6,255/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6654619

Listing From: northstar

Last updated: 2025-03-11T15:55:03.000Z

© , 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

4.33%
7.15%

Principal & Interest

$1,269 /mo
$1,726 /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 $177,367 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $177,367!

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

Loan Breakdown

Assumed Mortgage4.33% Sellers Rate
$222,533
Your Cash$177,367
Total Purchase Price:$399,900

Assumed vs Traditional Mortgage

Assumed @ 4.33%
$1,269/mo
Traditional @ 7.5%
$1,791/mo
You save $521/month ($6,255/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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