Laura Jewett

Laura Jewett

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Active

$424,900

($32,343 down)
VA

3509 Cedar Avenue S, Minneapolis, MN 55407

N/A
N/A
2,100 sqft
PITI Monthly
$2,563.99 /mo

Listing courtesy of: , Century 21 Moline Realty Inc

Assumed Rate

3.76%
7.15%

Principal & Interest

$1,924 /mo
$2,802 /mo

What's Special

INVESTORS
SPACIOUS
MODERN
HARDWOOD FLOORS
CHARMING
COZY

Discover this charming well-maintained, income-generating two-unit duplex, perfect for investors or multi-generational living. Located in a desirable neighborhood, this property offers two spacious, self-contained units, each with its own private entrance, utilities, and ample living space. Unit 1: This charming unit features two bedrooms and one bathroom, with a cozy living room, and a modern kitchen. Bright and airy, it offers a warm and inviting atmosphere, with hardwood floors, updated appliances, and large windows letting in plenty of natural light. Unit 2: The second unit offers three bedrooms and two bathrooms, featuring a similar layout with a spacious living area, fully equipped kitchen, and stylish finishes throughout. This unit is equally as inviting, with the perfect balance of comfort and functionality. Additional Features: •2018 updates include new A/C units, siding, roof, windows, kitchen and driveway repaved. •Blocks away from Powderhorn Park, easy access to highway, across the street from the iconic Matt’s Bar. Whether you're looking for an investment property or a place to live while renting out the other unit, this duplex offers the perfect balance of comfort, convenience, and potential income. Don’t miss out on this fantastic opportunity! Schedule a showing today!!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.76
Remaining Loan Term
27 years, 0 months
Monthly PITI
$2,563.99/mo
Estimated Loan Balance
$393,248
Cash to close
$32,343
Interest Paid
$45,524

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: Wood
Roof
  • Roof: Age 8 Years or Less
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 8 Years or Less
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Wilbers 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $202.33
  • Tax Annual Amount: $5882
  • On Market Date: 2025-02-12T00:00:00.000Z
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 $32,343 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $32,343!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$392,557
Your Cash$32,343
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,924/mo
Traditional @ 7.5%
$2,907/mo
You save $983/month ($11,795/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6671417

Listing From: northstar

Last updated: 2025-02-15T11:04:04.000Z

© , 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

3.76%
7.15%

Principal & Interest

$1,924 /mo
$2,802 /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 $32,343 (8%)
You can enter any amount below - secondary financing will cover the difference if needed.
8%
$

You cover the entire equity of $32,343!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$392,557
Your Cash$32,343
Total Purchase Price:$424,900

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,924/mo
Traditional @ 7.5%
$2,907/mo
You save $983/month ($11,795/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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