Laura Jewett

Laura Jewett

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Closed

$414,000

($272,630 down)
FHA

5812 Russell Avenue S, Minneapolis, MN 55410

3
1
1,520 sqft
PITI Monthly
$1,630.68 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

4%
7.15%

Principal & Interest

$956 /mo
$1,353 /mo

What's Special

LOCATION
SPACIOUS
DECK
COZY

This adorable Armatage Bungalow is perfection! Very large kitchen that opens up to a spacious deck overlooks a beautiful backyard. Updated wood heated flooring in lower level amusement room, 2 spacious bedrooms on main floor with large full bath and ample closet space. Cozy living room with wood flooring. Recent updates include: New fencing, new fans, new exterior doors, new wood floors on lower (heated) and 2nd floor, new water heater, new air conditioner and new landscaping. Upper level can be used as a 3rd bedroom or study area/library. Location, location, location, this is it!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4
Remaining Loan Term
16 years, 6 months
Monthly PITI
$1,630.68/mo
Estimated Loan Balance
$142,335
Cash to close
$272,630
Interest Paid
$93,053

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Full, Wood
Roof
  • Roof: Age Over 8 Years
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
  • Metal Siding, Vinyl Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1951
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $272.37
  • Tax Annual Amount: $4591
  • On Market Date: 2024-10-07T00:00:00.000Z
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 $272,630 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $272,630!

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

Loan Breakdown

Assumed Mortgage4% Sellers Rate
$141,370
Your Cash:$272,630
Total Purchase Price:$414,000

Assumed vs Traditional Mortgage

Assumed @ 4%
$956/mo
Traditional @ 7.5%
$1,403/mo
You save $447/month ($5,364/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6553167

Listing From: northstar

Last updated: 2024-11-26T23:01:02.000Z

© , 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%
7.15%

Principal & Interest

$956 /mo
$1,353 /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 $272,630 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $272,630!

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

Loan Breakdown

Assumed Mortgage4% Sellers Rate
$141,370
Your Cash:$272,630
Total Purchase Price:$414,000

Assumed vs Traditional Mortgage

Assumed @ 4%
$956/mo
Traditional @ 7.5%
$1,403/mo
You save $447/month ($5,364/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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