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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$275,000

($106,560 down)
FHA

1801 Mechanic Avenue, Saint Paul, MN 55119

4
2
1,852 sqft
PITI Monthly
$1,529.84 /mo

Listing courtesy of: , Gerrety Real Estate Group LLC

Assumed Rate

3.92%
7.15%

Principal & Interest

$917 /mo
$1,310 /mo
$51,850 in interest paid off

What's Special

SHOPPING
DECK
PATIO
Welcome to 1801 Mechanic Ave. This home has much to offer! Many of the big ticket items were replaced in 2019. New roof on house and garage, new
furnace and water heater, new patio and sidewalk, new deck and new insulation in the attic. The home has a second kitchen on the lower level (new
refrigerator in 2023) with its own entrance. Could potentially be rented out. Includes 2 bedrooms and a full bath. Great space for teenage kids,
mother-in-law apt., extended family or friends. The possibilities are endless! It needs some cosmetic work but is a very solid home. The ho... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.92
Remaining Loan Term
22 years, 8 months
Monthly PITI
$1,529.84/mo
Estimated Loan Balance
$237,461
Cash to close
$106,560
Interest Paid
$51,850

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Fiber Board, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Fiber Board, Stucco
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1978
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hazel Park B
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Saint Paul

Financial Details

  • Price per Sqft: $148.49
  • Tax Annual Amount: $3495
  • On Market Date: Aug 27, 2024
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Savings Calculator

Current cash to close is $106,560 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
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0%20%50%

You cover the entire equity of $106,560!

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

Loan Breakdown

Assumed Mortgage3.92% Sellers Rate
$168,440
Your Cash$106,560
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 3.92%
$917/mo
Traditional @ 7.15%
$1,359/mo
You save $442/month ($5,301/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6593151

Listing From: northstar

Last updated: Dec 06, 2024 04:48pm

© 2025, 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

3.92%
7.15%

Principal & Interest

$917 /mo
$1,310 /mo
$51,850 in interest paid off
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 $106,560 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$
0%20%50%

You cover the entire equity of $106,560!

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

Loan Breakdown

Assumed Mortgage3.92% Sellers Rate
$168,440
Your Cash$106,560
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 3.92%
$917/mo
Traditional @ 7.15%
$1,359/mo
You save $442/month ($5,301/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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