Laura Jewett

Laura Jewett

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Closed

$198,000

($45,490 down)
FHA

3743 Colfax Avenue N, Minneapolis, MN 55412

2
1
986 sqft
PITI Monthly
$1,257.68 /mo

Listing courtesy of: , Compass

Assumed Rate

4.14%
7.15%

Principal & Interest

$820 /mo
$1,141 /mo

What's Special

LOCATION
MODERN
CHARMING
COZY

Welcome to your charming oasis at 3743 North Colfax Avenue, Minneapolis! This adorable 2-bedroom, 1-bathroom home boasts just under a 1000 square feet of cozy living space, perfect for anyone looking for comfort and style. Step inside to find a warm and inviting living area, ideal for relaxing after a long day. This updated and modern kitchen is a delightful space to whip up your favorite meals, with plenty of room for your culinary adventures. Both bedrooms offer a comfortable retreat, with ample closet space for all your storage needs. The upstairs bedroom has a large multi- purpose bonus room for additional storage or large closet. The full basement is a versatile space, ready for your personal touch—think home gym, workshop, or extra storage. With forced air heating and a wall unit for cooling, you’ll be comfortable all year round. Outside, this Minneapolis city lot provides plenty of space for outdoor activities or simply enjoying a sunny day. The detached parking offers convenience and additional storage options. Don’t miss out on this gem in a great location. Schedule a viewing today and envision your new life at 3743 North Colfax Avenue!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.14
Remaining Loan Term
24 years, 3 months
Monthly PITI
$1,257.68/mo
Estimated Loan Balance
$156,720
Cash to close
$45,490
Interest Paid
$38,125

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
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
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 1917
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $200.81
  • Tax Annual Amount: $2017
  • On Market Date: 2024-08-29T00:00:00.000Z
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 $45,490 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $45,490!

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

Loan Breakdown

Assumed Mortgage4.14% Sellers Rate
$152,510
Your Cash$45,490
Total Purchase Price:$198,000

Assumed vs Traditional Mortgage

Assumed @ 4.14%
$820/mo
Traditional @ 7.5%
$1,183/mo
You save $363/month ($4,359/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6594578

Listing From: northstar

Last updated: 2024-12-23T21:46:02.000Z

© , 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

4.14%
7.15%

Principal & Interest

$820 /mo
$1,141 /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 $45,490 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $45,490!

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

Loan Breakdown

Assumed Mortgage4.14% Sellers Rate
$152,510
Your Cash$45,490
Total Purchase Price:$198,000

Assumed vs Traditional Mortgage

Assumed @ 4.14%
$820/mo
Traditional @ 7.5%
$1,183/mo
You save $363/month ($4,359/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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