Laura Jewett

Laura Jewett

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Closed

$170,000

($16,550 down)
FHA

2818 Emerson Avenue N, Minneapolis, MN 55411

3
2
1,198 sqft
PITI Monthly
$1,374.65 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

6.11%
7.15%

Principal & Interest

$952 /mo
$1,060 /mo

What's Special

LOCATION
DINING
SPACIOUS
HARDWOOD FLOORS
FENCED YARD
CHARMING
AFFORDABLE

Come and enjoy this three-bedroom, two-bath, two-story home in a convenient Minneapolis location. The large eat-in kitchen includes a range, microwave, and a stainless refrigerator that has been replaced in recent years. The spacious formal dining room flows into the living room, featuring large windows and beautiful trim. A convenient main-floor half bath adds to the functionality. Upstairs, you'll find three bedrooms and a full bath connected to the primary bedroom. Additional highlights include hardwood floors, a charming three-season porch, a washer and dryer replaced in recent years, a fenced yard, and a detached garage with extra parking spaces. Come take a look at this affordable single-family home it won't last for long!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 8 months
Monthly PITI
$1,374.65/mo
Estimated Loan Balance
$153,790
Cash to close
$16,550
Interest Paid
$22,075

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
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
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $141.9
  • Tax Annual Amount: $1932
  • On Market Date: 2024-09-26T00:00:00.000Z
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 $16,550 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $16,550!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$153,450
Your Cash$16,550
Total Purchase Price:$170,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$952/mo
Traditional @ 7.5%
$1,100/mo
You save $148/month ($1,770/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6609370

Listing From: northstar

Last updated: 2024-12-06T19:08:02.000Z

© , 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

6.11%
7.15%

Principal & Interest

$952 /mo
$1,060 /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 $16,550 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $16,550!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$153,450
Your Cash$16,550
Total Purchase Price:$170,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$952/mo
Traditional @ 7.5%
$1,100/mo
You save $148/month ($1,770/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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