Dan Kaercher

Dan Kaercher

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Closed

$550,000

($142,420 down)
FHA

5945 Oakland Avenue, Minneapolis, MN 55417

N/A
N/A
2,240 sqft
PITI Monthly
$3,038.83 /mo

Listing courtesy of: , Coldwell Banker Realty

Assumed Rate

3.62%
7.15%

Principal & Interest

$2,058 /mo
$3,050 /mo

What's Special

DINING
HARDWOOD FLOORS
DECK
FENCED YARD
CHARMING

2.875% Assumable FHA loan-must qualify. With its inviting layout and classic features, this property stands out- Units are two story mirror images of each other. The main level showcases hardwood floors that reflect natural light streaming in from three walls windows, creating a warm and welcoming atmosphere. The generous living room flows seamlessly into an open dining area, and a well-sized kitchen with access to a deck. Upstairs, hardwood floors continue into three comfortable bedrooms, accompanied by a full bath to complete second level. Each unit enjoys its own private basement with laundry facilities and extra storage space. Excellent opportunity for future expansion, finishing to create family room, rec space, or even a 4th bedroom with egress. Outside enjoy fresh landscaping, a fenced yard, a new concrete driveway and a two car garage. Diamond Lake is a charming neighborhood perfectly situated in South Minneapolis

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.62
Remaining Loan Term
25 years, 0 months
Monthly PITI
$3,038.83/mo
Estimated Loan Balance
$412,501
Cash to close
$142,420
Interest Paid
$77,801

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age Over 8 Years, 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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Duplex Side by Side
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Diamond Lake Terrace 3rd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $245.54
  • Tax Annual Amount: $5927
  • On Market Date: 2025-01-17T00:00:00.000Z
Inquire about this property

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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 $142,420 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $142,420!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$407,580
Your Cash$142,420
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$2,058/mo
Traditional @ 7.5%
$3,164/mo
You save $1,106/month ($13,268/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6650518

Listing From: northstar

Last updated: 2025-04-02T14:06:03.000Z

© , 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

3.62%
7.15%

Principal & Interest

$2,058 /mo
$3,050 /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 $142,420 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $142,420!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$407,580
Your Cash$142,420
Total Purchase Price:$550,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$2,058/mo
Traditional @ 7.5%
$3,164/mo
You save $1,106/month ($13,268/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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