Laura Jewett

Laura Jewett

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Closed

$349,000

($175,123 down)
VA

3551 Spain Place, Minneapolis, MN 55418

3
2
1,717 sqft
PITI Monthly
$1,347.96 /mo

Listing courtesy of: , Keller Williams Integrity Realty

Assumed Rate

2.81%
7.15%

Principal & Interest

$771 /mo
$1,266 /mo

What's Special

DINING
SPACIOUS
MODERN
PATIO
CHARMING
COZY

Welcome to this delightful 1950s rambler, ideally situated in the heart of Northeast Minneapolis. Perched on one of the largest lots in the neighborhood, this home offers a spacious and tranquil retreat while remaining conveniently close to the area's vibrant community. The main floor showcases an updated kitchen with a charming eat-in area, a dining room that flows seamlessly into a generously sized living room adorned with large windows for abundant natural light. Here, you’ll also find three comfortable bedrooms and a beautifully updated full bathroom. The inviting bonus sunroom is perfect for reading, watching movies, or serving as a versatile office, complete with a sliding glass door that opens onto your patio and expansive backyard. The lower level features a cozy family room, a third bedroom with egress, and an updated 3/4 bath. Additionally, there’s a laundry room and access to the larger attached one-car garage, enhancing convenience and functionality. Blending classic mid-century charm with modern amenities, this rambler is set on a large lot perfect for outdoor enjoyment. Whether you’re hosting gatherings in the spacious backyard, enjoying peaceful moments in the sunroom, or exploring the vibrant NE Minneapolis neighborhood, this home offers the perfect mix of comfort and convenience. Don’t miss your chance to make this exceptional property yours in one of Minneapolis’ most sought-after areas!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.81
Remaining Loan Term
26 years, 1 months
Monthly PITI
$1,347.96/mo
Estimated Loan Balance
$174,240
Cash to close
$175,123
Interest Paid
$19,757

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Metal Siding, Stucco, Vinyl Siding, Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years, Asphalt
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
  • Metal Siding, Stucco, Vinyl Siding, Wood Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lowrys Sub Columbia Heights
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $203.26
  • Tax Annual Amount: $5122
  • On Market Date: 2024-08-13T00:00:00.000Z
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 $175,123 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $175,123!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$173,877
Your Cash:$175,123
Total Purchase Price:$349,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$771/mo
Traditional @ 7.5%
$1,313/mo
You save $542/month ($6,504/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6576374

Listing From: northstar

Last updated: 2024-09-27T17:34:02.000Z

© , 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

2.81%
7.15%

Principal & Interest

$771 /mo
$1,266 /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 $175,123 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $175,123!

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

Loan Breakdown

Assumed Mortgage2.81% Sellers Rate
$173,877
Your Cash:$175,123
Total Purchase Price:$349,000

Assumed vs Traditional Mortgage

Assumed @ 2.81%
$771/mo
Traditional @ 7.5%
$1,313/mo
You save $542/month ($6,504/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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