Dan Kaercher

Dan Kaercher

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Closed

$485,000

($200,164 down)
FHA

5525 Oliver Avenue S, Minneapolis, MN 55419

N/A
N/A
2,356 sqft
PITI Monthly
$2,647.01 /mo

Listing courtesy of: , Compass

Assumed Rate

3.6%
7.15%

Principal & Interest

$1,571 /mo
$2,334 /mo

What's Special

ENTERTAINMENT
DINING
MODERN
FENCED YARD

This stunning duplex offers a unique blend of modern living and timeless charm. One side has been owner occupied featuring 2 beds & has the potential for a third bedroom. Step inside to discover fresh decor throughout, enhancing the bright and airy feel of the space. The open-concept layout on one side of the duplex provides a seamless flow between the living, dining, and kitchen areas, perfect for entertaining. Bonus screened porch offers a tranquil retreat, ideal for enjoying your morning coffee or evening relaxation. The 2nd side has 3 beds. Both units have untapped potential for more square footage, allowing you to customize the space to your liking. The exterior is just as impressive, with a fenced yard, perfect for outdoor activities and gatherings. Parking will never be an issue with the included garage and additional parking spaces. Located in a great area, this duplex offers the best of city living with easy access to amenities, dining, and entertainment options.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.6
Remaining Loan Term
21 years, 4 months
Monthly PITI
$2,647.01/mo
Estimated Loan Balance
$286,973
Cash to close
$200,164
Interest Paid
$98,300

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Forced Air
Features
  • Materials: Brick/Stone
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Composite, Full, Privacy
Roof
  • Roof: Age 8 Years or Less
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: Duplex Side by Side
  • Architectural Style: Unknown
Materials
  • Brick/Stone
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $205.86
  • Tax Annual Amount: $7970
  • On Market Date: 2024-09-20T00:00:00.000Z
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 $200,164 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $200,164!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$284,836
Your Cash$200,164
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$1,571/mo
Traditional @ 7.5%
$2,421/mo
You save $850/month ($10,200/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6605710

Listing From: northstar

Last updated: 2024-10-07T20:39:02.000Z

© , 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

3.6%
7.15%

Principal & Interest

$1,571 /mo
$2,334 /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 $200,164 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $200,164!

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

Loan Breakdown

Assumed Mortgage3.6% Sellers Rate
$284,836
Your Cash$200,164
Total Purchase Price:$485,000

Assumed vs Traditional Mortgage

Assumed @ 3.6%
$1,571/mo
Traditional @ 7.5%
$2,421/mo
You save $850/month ($10,200/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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