Laura Jewett

Laura Jewett

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Closed

$245,000

($101,107 down)
FHA

5050 Russell Avenue N, Minneapolis, MN 55430

3
1
1,257 sqft
PITI Monthly
$1,298.72 /mo

Listing courtesy of: , HP Realty

Assumed Rate

3.88%
7.15%

Principal & Interest

$785 /mo
$1,127 /mo

What's Special

DINING
SPACIOUS
MOVE-IN READY
PATIO
CHARMING

Attn: 1st time and repeat buyers: ask about the $15,000 forgivable grant and down payment assistance per qualification. Priced to Sell -Quick Close Possible! Charming 1.5 Story! Move-in Ready-Great Condition! New vinyl plank flooring in LR and hallway. Newer furnace and a/c, newer washer and dryer, newer appliances including Dishwasher in KT! Updates in recent years include windows, siding and roofing. Ceiling fans in Bedrooms and Dining area. Upper level Bedroom has 2 closets (one is a walk in). Generous 2 Car Garage with storage and lighting in rafters! Endless opportunity in the unfinished lower level. Spacious yard with patio and full privacy fence. Check this one out and call it Home. Just minutes to Brooklyn Center shops and restaurants! This home is a fantastic opportunity.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.88
Remaining Loan Term
22 years, 7 months
Monthly PITI
$1,298.72/mo
Estimated Loan Balance
$144,212
Cash to close
$101,107
Interest Paid
$44,610

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Full, Wood
Roof
  • Roof: Asphalt, 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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Asphalt, Composition
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $194.91
  • Tax Annual Amount: $2941
  • On Market Date: 2024-09-01T00:00:00.000Z
Inquire about this property

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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 $101,107 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $101,107!

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

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$143,893
Your Cash$101,107
Total Purchase Price:$245,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$785/mo
Traditional @ 7.5%
$1,169/mo
You save $384/month ($4,608/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6595374

Listing From: northstar

Last updated: 2024-11-04T21:56:02.000Z

© , 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

3.88%
7.15%

Principal & Interest

$785 /mo
$1,127 /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 $101,107 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $101,107!

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

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$143,893
Your Cash$101,107
Total Purchase Price:$245,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$785/mo
Traditional @ 7.5%
$1,169/mo
You save $384/month ($4,608/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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