Dan Kaercher

Dan Kaercher

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Pending

$544,900

($365,865 down)
FHA

437 Penn Avenue S, Minneapolis, MN 55405

4
3
2,169 sqft
PITI Monthly
$1,862.75 /mo

Listing courtesy of: , Keller Williams Realty Integrity Lakes

Assumed Rate

3.44%
7.15%

Principal & Interest

$980 /mo
$1,486 /mo

What's Special

LOCATION
MODERN
HARDWOOD FLOORS
WALK-IN CLOSET
DECK

Just north of I-394, Bryn Mawr tucks tree-lined charm, scenic parks, and neighborhood favorites into an unbeatable Minneapolis location. At 437 Penn Avenue S, you're surrounded by trails, shops, and just minutes from downtown - a peaceful retreat with Cuppa Java at your doorstep. This 4-bedroom, 3-bathroom, 2,169-square-foot bungalow blends 1920s character with thoughtful modern updates: original hardwood floors, beautiful natural light, and a reimagined kitchen with quartz countertops, subway tile, and a coffee bar perfect for daily sips. The main level hosts two bedrooms, one with sliding doors to the backyard deck, plus a full bath with period charm. Upstairs, the primary suite features an office nook, a walk-in closet, and a private three-quarter bath - but the true highlight is just above. A built-in step ladder leads to the home's crown jewel: a breathtaking rooftop deck, where sweeping skyline views create an unforgettable backdrop for morning coffee, slow sunsets, and summer nights making core memories with your favorite people. The finished lower level adds a family room, fourth bedroom, additional three-quarter bath, and laundry room, while the detached 2-car garage stands ready for off-street parking and storage. With proudly maintained parks just steps away and a new light rail station arriving in 2026, this home is a rare blend of history, charm, modern convenience, and possibly the only sky deck in Bryn Mawr.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.44
Remaining Loan Term
21 years, 6 months
Monthly PITI
$1,862.75/mo
Estimated Loan Balance
$269,348
Cash to close
$365,865
Interest Paid
$58,615

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Ductless Mini-Split, Forced Air
Features
  • Materials: Stucco, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Partial
Roof
  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
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
  • Stucco, Wood Siding
  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
Condition
  • Year Built: 1922
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Thorpe Bros Bryn Mawr
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $251.22
  • Tax Annual Amount: $6720
  • On Market Date: 2025-03-12T00:00:00.000Z
Inquire about this property

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Apply to Assume

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Savings Calculator

Current cash to close is $365,865 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $365,865!

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

Loan Breakdown

Assumed Mortgage3.44% Sellers Rate
$179,035
Your Cash:$365,865
Total Purchase Price:$544,900

Assumed vs Traditional Mortgage

Assumed @ 3.44%
$980/mo
Traditional @ 7.5%
$1,541/mo
You save $561/month ($6,727/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6645705

Listing From: northstar

Last updated: 2025-03-30T22:25:04.000Z

© , 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

3.44%
7.15%

Principal & Interest

$980 /mo
$1,486 /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 $365,865 (67%)
You can enter any amount below - secondary financing will cover the difference if needed.
67%
$

You cover the entire equity of $365,865!

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

Loan Breakdown

Assumed Mortgage3.44% Sellers Rate
$179,035
Your Cash:$365,865
Total Purchase Price:$544,900

Assumed vs Traditional Mortgage

Assumed @ 3.44%
$980/mo
Traditional @ 7.5%
$1,541/mo
You save $561/month ($6,727/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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