Dan Kaercher

Dan Kaercher

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Closed

$389,900

($61,964 down)
FHA

3241 Cedar Avenue S, Minneapolis, MN 55407

N/A
N/A
3,000 sqft
PITI Monthly
$2,636.71 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

4.03%
7.15%

Principal & Interest

$1,797 /mo
$2,533 /mo

What's Special

PATIO

Back on market! Seller made it unailable for showing for a couple months in order to make some repairs. Unique Duplex with non-conforming front unit that could potentially be converted to triplex! FHA assumption possible at 3.5% interest rate for qualified buyers. Enjoy the peaceful backyard that is fully enclosed with a wooden fence and features a patio. Perfect for dog owners! This building has plenty of space including a partially finished full basement, a 12x12 flex room in the backyard and a workshop attached to garage. Units have been nicely maintained and are rent ready! This is the perfect spot for an owner who would like to cut their living expenses by occupying 1 unit.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.03
Remaining Loan Term
23 years, 0 months
Monthly PITI
$2,636.71/mo
Estimated Loan Balance
$328,629
Cash to close
$61,964
Interest Paid
$98,898

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Radiant
Features
  • Materials: Stucco
  • 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: 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: Duplex Up and Down
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1898
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $129.97
  • Tax Annual Amount: $5086
  • On Market Date: 2024-01-23T00:00:00.000Z
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 $61,964 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $61,964!

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

Loan Breakdown

Assumed Mortgage4.03% Sellers Rate
$327,936
Your Cash$61,964
Total Purchase Price:$389,900

Assumed vs Traditional Mortgage

Assumed @ 4.03%
$1,797/mo
Traditional @ 7.5%
$2,628/mo
You save $831/month ($9,967/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6480119

Listing From: northstar

Last updated: 2024-07-26T19:45:06.000Z

© , 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

4.03%
7.15%

Principal & Interest

$1,797 /mo
$2,533 /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 $61,964 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $61,964!

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

Loan Breakdown

Assumed Mortgage4.03% Sellers Rate
$327,936
Your Cash$61,964
Total Purchase Price:$389,900

Assumed vs Traditional Mortgage

Assumed @ 4.03%
$1,797/mo
Traditional @ 7.5%
$2,628/mo
You save $831/month ($9,967/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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