Laura Jewett

Laura Jewett

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$499,999

($139,258 down)
FHA

3708 Park Avenue, Minneapolis, MN 55407

N/A
N/A
3,000 sqft
PITI Monthly
$2,619.79 /mo

Listing courtesy of: , Bridge Realty, LLC

Assumed Rate

3.06%
7.15%

Principal & Interest

$1,664 /mo
$2,645 /mo

What's Special

FIREPLACE
PATIO
COZY
INCOME POTENTIAL
RENTAL INCOME

This well-maintained property features beautiful woodwork and peaceful park views. The main floor unit offers an updated kitchen and bath, plus a one-year-old washer and dryer. The upstairs unit boasts an updated bath, gorgeous kitchen cabinets, and plenty of natural sunlight. Both units feature fireplaces for cozy evenings. The downstairs tenants have been long-term residents for nearly four years, while the upstairs tenants are in their seventh month. Both leases expire at the end of July.—great rental income potential. The upstairs unit rents for $1,500/month, and the downstairs unit rents for $1,850/month The basement offers possibilities for additional living space or even a separate unit with an egress window, adding more rental income potential. Enjoy the back patio and garden, along with private offsite parking and a shared two-car garage. This property is full of charm and offers excellent investment opportunities—don’t miss it!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.06
Remaining Loan Term
26 years, 4 months
Monthly PITI
$2,619.79/mo
Estimated Loan Balance
$362,224
Cash to close
$139,258
Interest Paid
$42,282

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Boiler
Features
  • Materials: Brick/Stone, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
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: Duplex Up and Down
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Stucco
  • Roof: Composition
Condition
  • Year Built: 1922
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $166.67
  • Tax Annual Amount: $6140
  • On Market Date: 2025-03-13T00:00:00.000Z
Inquire about this property

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Savings Calculator

Current cash to close is $139,258 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $139,258!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$360,741
Your Cash$139,258
Total Purchase Price:$499,999

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,664/mo
Traditional @ 7.5%
$2,744/mo
You save $1,080/month ($12,960/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6683652

Listing From: northstar

Last updated: 2025-03-26T17:13:03.000Z

© , 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

3.06%
7.15%

Principal & Interest

$1,664 /mo
$2,645 /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 $139,258 (28%)
You can enter any amount below - secondary financing will cover the difference if needed.
28%
$

You cover the entire equity of $139,258!

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

Loan Breakdown

Assumed Mortgage3.06% Sellers Rate
$360,741
Your Cash$139,258
Total Purchase Price:$499,999

Assumed vs Traditional Mortgage

Assumed @ 3.06%
$1,664/mo
Traditional @ 7.5%
$2,744/mo
You save $1,080/month ($12,960/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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