Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$660,000

($56,725 down)
VA

740 Portland Avenue UNIT 1618, Minneapolis, MN 55415

3
2
1,705 sqft
PITI Monthly
$3,835.96 /mo

Listing courtesy of: , Keller Williams Select Realty

Assumed Rate

3.64%
7.15%

Principal & Interest

$3,059 /mo
$4,523 /mo

What's Special

LUXURY
WALK-IN CLOSET

Offering an enticing 3.5% assumable mortgage for the savvy buyers. Welcome to the epitome of urban elegance! Explore the unparalleled luxury of this 3-bed, 2-bath penthouse in the esteemed Portland Tower. Ideally positioned on the corner of Portland Ave and Eighth, this residence is stone's throw away from iconic destinations such as the US Bank Stadium, Target Field, Target Center, and the vibrant downtown scene. Step inside to discover a culinary haven with a custom kitchen, where every detail is meticulously crafted for the discerning chef. The open floorplan provides a seamless flow, allowing you to entertain while soaking in panoramic views of downtown Minneapolis and US Bank Stadium. The primary bedroom is a sanctuary of serenity, featuring a generously sized walk-in closet capable of accommodating everyone's wardrobe needs. The private ensuite is a beautifully appointed retreat, elevating your daily routine to a spa-like experience. Come check out this condo for yourself!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.64
Remaining Loan Term
24 years, 9 months
Monthly PITI
$3,835.96/mo
Estimated Loan Balance
$605,723
Cash to close
$56,725
Interest Paid
$121,476

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Baseboard, Forced Air, Fireplace(s)
Features
  • Materials: Brick/Stone, Steel Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Decorative, Electric, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Concrete, Flat, Rubber, Tar/Gravel
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: High Rise
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Steel Siding
  • Roof: Concrete, Flat, Rubber, Tar/Gravel
Condition
  • Year Built: 2016
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Cic 2028 Portland Tower Condo
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: First Service Residential
  • HOA Amenities: Unknown
  • HOA Fee: $1007
  • HOA Frequency: $Monthly
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $387.1
  • Tax Annual Amount: $7319
  • On Market Date: 2024-01-26T00:00:00.000Z
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 $56,725 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $56,725!

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

Loan Breakdown

Assumed Mortgage3.64% Sellers Rate
$603,275
Your Cash$56,725
Total Purchase Price:$660,000

Assumed vs Traditional Mortgage

Assumed @ 3.64%
$3,059/mo
Traditional @ 7.5%
$4,691/mo
You save $1,632/month ($19,581/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6481717

Listing From: northstar

Last updated: 2024-09-24T20:20:02.000Z

© , 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

3.64%
7.15%

Principal & Interest

$3,059 /mo
$4,523 /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 $56,725 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $56,725!

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

Loan Breakdown

Assumed Mortgage3.64% Sellers Rate
$603,275
Your Cash$56,725
Total Purchase Price:$660,000

Assumed vs Traditional Mortgage

Assumed @ 3.64%
$3,059/mo
Traditional @ 7.5%
$4,691/mo
You save $1,632/month ($19,581/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

Powered By UMe.

© 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.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.