$299,900
($157,382 down)3420 40th Avenue S, Minneapolis, MN 55406
PITI Monthly
Listing courtesy of: , Merck Real Estate Company, LLC
Assumed Rate
3.25%
7.15%Principal & Interest
$797 /mo
$1,236 /moWhat's Special
This happy home is ready for new adventures! Classic bungalow in the heart of Longfellow's Howe neighborhood. We have 2 bedrooms and 1 bath on the main floor. The lower level features a great flex space currently used as a primary non-conforming bedroom or use it as a spacious family room. There is an egress window. Additional lower room is used as a walk-in closet. There is room to finish more space. Plenty of storage in upper level. Take comfort knowing that many major mechanical systems have been replaced. New roof fall 2024 w/class 4 shingles, new high efficiency furnace and AC 2021, radon mitigation system, drain tiled and newer windows throughout. All this in an extremely walkable area close to parks and restuarants. Welcome home! Multiple offers received. Offers due 6pm Jan. 19th
Assumption Snapshot
Type of Loan
FHA
Interest Rate
3.25
Remaining Loan Term
20 years, 2 months
Monthly PITI
$1,413.81/mo
Estimated Loan Balance
$144,959
Cash to close
$157,382
Interest Paid
$52,236
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Cooling & Heating
- Cooling: Central Air
- Heating: Forced Air
Features
- Materials: Brick/Stone, Cedar, Stucco
- Community: Unknown
- Has Fireplace: No
- Fireplace Features: Unknown
- Flooring: Unknown
Exterior
Fencing
- Fencing: Unknown
Roof
- Roof: Age 8 Years or Less
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, Cedar, Stucco
- Roof: Age 8 Years or Less
Condition
- Year Built: 1925
Details
- Builder:
Community & HOA
Community
- Subdivision: Auditors Sub 236
- Features: None
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial Details
- Price per Sqft: $269.21
- Tax Annual Amount: $4050
- On Market Date: 2025-01-14T00:00:00.000Z
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You cover the entire equity of $157,382!
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Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: NST6648818
Listing From: northstar
Last updated: 2025-03-04T15:44:03.000Z
© , 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
3.25%
7.15%Principal & Interest
$797 /mo
$1,236 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $157,382!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000Resources
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