Laura Jewett

Laura Jewett

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Pending

$367,000

($18,504 down)
FHA

5528 1st Avenue S, Minneapolis, MN 55419

3
2
1,626 sqft
PITI Monthly
$2,979.63 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

6.36%
7.15%

Principal & Interest

$2,214 /mo
$2,401 /mo

What's Special

DINING
SPACIOUS
MODERN
HARDWOOD FLOORS
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
DECK
CHARMING
COZY

Step into this beautifully refreshed expansion bungalow nestled in the desirable Windom neighborhood of South Minneapolis, just south of Diamond Path. This delightful 1950s mid-century home offers 3 bedrooms and 2 bathrooms, blending classic charm with modern updates. The sunlit living room welcomes you with a bay window, coved ceilings, and gleaming oak hardwood floors. A graceful arched doorway leads to the eat-in kitchen, featuring newly enameled cabinetry, stainless steel appliances, and a south-facing atrium door that opens onto one of two spacious decks—perfect for outdoor dining and relaxation. The main floor includes two cozy bedrooms and a full bathroom. Upstairs, you'll discover a generous third bedroom, a versatile flex room (previously used as a non-conforming bedroom) ideal for a walk-in closet or office space, and ample storage. The finished lower level expands your living space with a comfortable family room with an electric fireplace console, an amusement room with an egress window and walk-in closet (perfect for guests), and a stylish bathroom with a Jacuzzi tub and separate walk-in shower. Outside, the property showcases stucco and newer cement board shake siding, along with maintenance-free soffits and fascia for effortless upkeep. The fully fenced backyard is designed for entertaining with two ground-level decks and a two-car garage featuring an attached 9x13 workshop. Located near Minnehaha Creek and charming local shops within walking distance, this home combines convenience with character.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.36
Remaining Loan Term
27 years, 10 months
Monthly PITI
$2,979.63/mo
Estimated Loan Balance
$366,268
Cash to close
$18,504
Interest Paid
$48,386

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Shake Siding, Stucco, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Full, Privacy, Wood
Roof
  • Roof: Asphalt, Pitched
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Shake Siding, Stucco, Vinyl Siding
  • Roof: Asphalt, Pitched
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Wallace Nicollet 55th St Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $225.71
  • Tax Annual Amount: $4366
  • On Market Date: 2024-09-25T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $18,504 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $18,504!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$348,496
Your Cash$18,504
Total Purchase Price:$367,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,214/mo
Traditional @ 7.5%
$2,490/mo
You save $276/month ($3,314/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6582783

Listing From: northstar

Last updated: 2025-03-19T21:47:03.000Z

© , 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

6.36%
7.15%

Principal & Interest

$2,214 /mo
$2,401 /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 $18,504 (5%)
You can enter any amount below - secondary financing will cover the difference if needed.
5%
$

You cover the entire equity of $18,504!

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

Loan Breakdown

Assumed Mortgage6.36% Sellers Rate
$348,496
Your Cash$18,504
Total Purchase Price:$367,000

Assumed vs Traditional Mortgage

Assumed @ 6.36%
$2,214/mo
Traditional @ 7.5%
$2,490/mo
You save $276/month ($3,314/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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