Dan Kaercher

Dan Kaercher

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Closed

$295,000

($224,182 down)
FHA

4039 38th Avenue S, Minneapolis, MN 55406

2
1
1,697 sqft
PITI Monthly
$1,466.91 /mo

Listing courtesy of: , Level-One Realty

Assumed Rate

7.12%
7.15%

Principal & Interest

$1,001 /mo
$1,004 /mo

What's Special

DINING
SPACIOUS
HARDWOOD FLOORS
STAINLESS STEEL APPLIANCES
WALK-IN CLOSET
CHARMING

Welcome to this bright and spacious home in the sought-after Hiawatha neighborhood of South Minneapolis. It features newly refinished hardwood floors, an open floor plan, large dining room and kitchen featuring Scandinavian style cabinetry and stainless steel appliances, charming wood-paneled front porch, and a spacious first floor bedroom featuring new carpet and his & her walk-in closets. Upstairs is another bedroom and a large bonus area, with newly cleaned carpet and plenty of built-in storage. Freshly painted and cleaned, ready for you to move in! Outside, you’ll find newer insulated siding with farmhouse style trim, newer roof, 2-car garage, and a fenced in yard full of native perennials that are always in bloom! Walk or bike to grocery stores, theater, great shops and restaurants, light rail, Minnehaha falls, and more! Well maintained home with the same owner for over 20 years.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
7.12
Remaining Loan Term
7 years, 1 months
Monthly PITI
$1,466.91/mo
Estimated Loan Balance
$169,180
Cash to close
$224,182
Interest Paid
$193,311

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Full, Wood
Roof
  • Roof: Unknown
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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 1908
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Smith & Howes 1st Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $173.84
  • Tax Annual Amount: $2526
  • On Market Date: 2024-07-29T00:00:00.000Z
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 $224,182 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $224,182!

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

Loan Breakdown

Assumed Mortgage7.12% Sellers Rate
$70,818
Your Cash:$224,182
Total Purchase Price:$295,000

Assumed vs Traditional Mortgage

Assumed @ 7.12%
$1,001/mo
Traditional @ 7.5%
$1,042/mo
You save $40/month ($485/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6576519

Listing From: northstar

Last updated: 2024-09-08T00:11:02.000Z

© , 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

7.12%
7.15%

Principal & Interest

$1,001 /mo
$1,004 /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 $224,182 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $224,182!

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

Loan Breakdown

Assumed Mortgage7.12% Sellers Rate
$70,818
Your Cash:$224,182
Total Purchase Price:$295,000

Assumed vs Traditional Mortgage

Assumed @ 7.12%
$1,001/mo
Traditional @ 7.5%
$1,042/mo
You save $40/month ($485/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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