Cheryl Riley

Cheryl Riley

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Closed

$275,000

($29,659 down)
FHA

823 Russell Avenue N, Minneapolis, MN 55411

5
2
1,824 sqft
PITI Monthly
$1,775.66 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

2.98%
7.15%

Principal & Interest

$1,114 /mo
$1,790 /mo

What's Special

DINING
SPACIOUS
MODERN
HOME OFFICE
CHARMING
COZY

You'll want to kiss your landlord goodbye after seeing this stunner! Welcome to this beautifully updated 5-bedroom, 2-bathroom home in the charming Willard-Hay neighborhood of Minneapolis! Completely refreshed from top to bottom, this home is ready for you to move in and make it yours. On the main floor, you'll find a gorgeous, updated kitchen with modern finishes, a spacious living room perfect for entertaining, and an informal dining area to tie it all together. There's also a convenient main-floor bedroom—ideal for guests, a home office, or whatever suits your needs—plus a fully updated full bath. Head upstairs to discover three spacious bedrooms all on one level, offering the perfect layout for comfort and convenience. The basement features a cozy family room, a fifth bedroom, and a handy half bath—a perfect bonus space for movie nights, hobbies, or a quiet retreat. Located just blocks from Theo Wirth Park and a quick commute to downtown Minneapolis via Highway 55, this home gives you the best of both city convenience and neighborhood charm, Reach out today to learn more about the assumable 2.75 Interest rate or how to qualify for contract for deed financing! Don't wait—this gem won’t last long! Schedule your showing today and get ready to call this house "home"!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.98
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,775.66/mo
Estimated Loan Balance
$247,848
Cash to close
$29,659
Interest Paid
$27,846

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1900
Details
  • Builder:

Community & HOA

Community
  • Subdivision: A C Lorings Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $150.77
  • Tax Annual Amount: $3882
  • On Market Date: 2024-12-20T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $29,659 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
$

You cover the entire equity of $29,659!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$245,341
Your Cash$29,659
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,114/mo
Traditional @ 7.15%
$1,857/mo
You save $742/month ($8,906/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6638900

Listing From: northstar

Last updated: 2025-04-08T20:46:03.000Z

© , 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

2.98%
7.15%

Principal & Interest

$1,114 /mo
$1,790 /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 $29,659 (11%)
You can enter any amount below - secondary financing will cover the difference if needed.
11%
$

You cover the entire equity of $29,659!

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

Loan Breakdown

Assumed Mortgage2.98% Sellers Rate
$245,341
Your Cash$29,659
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 2.98%
$1,114/mo
Traditional @ 7.15%
$1,857/mo
You save $742/month ($8,906/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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