Dan Kaercher

Dan Kaercher

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Closed

$324,900

($79,222 down)
FHA

3325 31st Avenue S, Minneapolis, MN 55406

2
2
1,132 sqft
PITI Monthly
$1,767.2 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

2.94%
7.15%

Principal & Interest

$1,130 /mo
$1,824 /mo

What's Special

SPACIOUS
HARDWOOD FLOORS
CHARMING

Charming Longfellow neighborhood cottage is a must see! It offers the perfect combination of comfort and convenience. Quintessential South Minneapolis home equipped with a large front porch, beautiful stained glass windows and hardwood floors throughout the home. Spacious kitchen with a walk-in pantry. Two bedrooms on the upper level with a full bathroom that includes laundry and plenty of closet space. Nice fenced-in backyard and a two car garage with an additional lean-to shed that offer extra storage space. New roof (April 2024), new range, refrigerator, original woodwork and built-ins. Walking distance to local coffee shops, restaurants and retail. Schedule your private showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 7 months
Monthly PITI
$1,767.2/mo
Estimated Loan Balance
$248,297
Cash to close
$79,222
Interest Paid
$33,414

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Fiber Board
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Privacy, Wood
Roof
  • Roof: Age 8 Years or Less, Architectural Shingle
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
  • Fiber Board
  • Roof: Age 8 Years or Less, Architectural Shingle
Condition
  • Year Built: 1910
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Rollins 2nd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $287.01
  • Tax Annual Amount: $3555
  • On Market Date: 2024-11-30T00:00:00.000Z
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 $79,222 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $79,222!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$245,678
Your Cash$79,222
Total Purchase Price:$324,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,130/mo
Traditional @ 7.5%
$1,892/mo
You save $762/month ($9,144/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6635383

Listing From: northstar

Last updated: 2025-01-21T15:42:02.000Z

© , 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

2.94%
7.15%

Principal & Interest

$1,130 /mo
$1,824 /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 $79,222 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $79,222!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$245,678
Your Cash$79,222
Total Purchase Price:$324,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$1,130/mo
Traditional @ 7.5%
$1,892/mo
You save $762/month ($9,144/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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