Dan Kaercher

Dan Kaercher

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$365,000

($249,725 down)
FHA

3040 Elliot Avenue, Minneapolis, MN 55407

4
3
2,750 sqft
PITI Monthly
$1,619.84 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

6%
7.15%

Principal & Interest

$1,001 /mo
$1,127 /mo

What's Special

ENTERTAINMENT
DINING
CHARMING

This charming home is situated just south of Uptown in vibrant Minneapolis, featuring 4 finished levels. This inviting residence boasts three bedrooms on one level, with a versatile attic that can serve as a fourth bedroom or an exciting kids' playroom. Just one block from the bustling global market and minutes from downtown. Convenient nearby bus routes and access to the light rail, Mall of America, and the airport. Endless dining and entertainment opportunities are at your fingertips!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6
Remaining Loan Term
14 years, 4 months
Monthly PITI
$1,619.84/mo
Estimated Loan Balance
$132,835
Cash to close
$249,725
Interest Paid
$136,499

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Hot Water
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Full, Wire, Wood
Roof
  • Roof: Asphalt
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: Asphalt
Condition
  • Year Built: 1909
Details
  • Builder:

Community & HOA

Community
  • Subdivision: The Erastus Byers Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $132.73
  • Tax Annual Amount: $4210
  • On Market Date: 2025-03-27T00:00:00.000Z
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 $249,725 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $249,725!

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

Loan Breakdown

Assumed Mortgage6% Sellers Rate
$115,275
Your Cash:$249,725
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 6%
$1,001/mo
Traditional @ 7.5%
$1,169/mo
You save $169/month ($2,024/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6691715

Listing From: northstar

Last updated: 2025-04-03T10:04:05.000Z

© , 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%
7.15%

Principal & Interest

$1,001 /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 $249,725 (68%)
You can enter any amount below - secondary financing will cover the difference if needed.
68%
$

You cover the entire equity of $249,725!

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

Loan Breakdown

Assumed Mortgage6% Sellers Rate
$115,275
Your Cash:$249,725
Total Purchase Price:$365,000

Assumed vs Traditional Mortgage

Assumed @ 6%
$1,001/mo
Traditional @ 7.5%
$1,169/mo
You save $169/month ($2,024/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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