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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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$590,000

($260,621 down)
FHA

2925 Sunset Boulevard, Minneapolis, MN 55416

N/A
N/A
3,687 sqft
PITI Monthly
$2,989.68 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

3.5%
7.15%

Principal & Interest

$1,883 /mo
$2,833 /mo
$127,512 in interest paid off

What's Special

LOCATION
SPACIOUS
PATIO
LOCATION, LOCATION, LOCATION! This high-demand duplex is a cash-flowing dream with incredible potential. Zoned as a duplex, it also features a
possible third unit in the basement—just add zoning and egress for even more income! Previously owner-occupied with no current rent rolls, this is the
perfect chance to set your own rates. The property boasts a spacious fenced backyard and patio, ideal for entertaining. Whether you’re an investor or
looking to house-hack, this well-maintained property in a sought-after neighborhood won’t stay on the market long. Rents and Expenses a... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.5
Remaining Loan Term
20 years, 4 months
Monthly PITI
$2,989.68/mo
Estimated Loan Balance
$384,260
Cash to close
$260,621
Interest Paid
$127,512

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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 Up and Down
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1929
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Auditors Sub 220
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $160.02
  • Tax Annual Amount: $7711
  • On Market Date: Apr 01, 2025
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Savings Calculator

Current cash to close is $260,621 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$
0%20%50%

You cover the entire equity of $260,621!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$329,379
Your Cash$260,621
Total Purchase Price:$590,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,883/mo
Traditional @ 7.15%
$2,938/mo
You save $1,055/month ($12,660/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6695956

Listing From: northstar

Last updated: Apr 17, 2025 02:05am

© 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

3.5%
7.15%

Principal & Interest

$1,883 /mo
$2,833 /mo
$127,512 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 $260,621 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$
0%20%50%

You cover the entire equity of $260,621!

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

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$329,379
Your Cash$260,621
Total Purchase Price:$590,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,883/mo
Traditional @ 7.15%
$2,938/mo
You save $1,055/month ($12,660/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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