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$270,000

($172,622 down)
FHA

2522 Thomas Avenue N, Minneapolis, MN 55411

3
2
2,218 sqft
PITI Monthly
$1,256.25 /mo

Listing courtesy of: , Kris Lindahl Real Estate

Assumed Rate

5%
7.15%

Principal & Interest

$791 /mo
$995 /mo

What's Special

SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
DECK
FENCED YARD
COZY

If you love the character of an older home but want the comfort of modern updates, this 1915 gem has the best of both worlds. Step inside to a bright, open main level where original charm meets thoughtful upgrades—recessed lighting adds a warm, modern touch, while the layout gives you both a cozy living room and a separate family room to spread out and relax. The kitchen features stainless steel appliances, a breakfast bar perfect for casual meals. All three bedrooms are conveniently located on the upper level, giving you a quiet place to unwind. The full basement offers added living space and room for storage. Out back, a spacious deck is great for entertaining, and the fenced yard leads to a large, detached 2-car garage. Just blocks from the Theodore Wirth Parkway and Glenview Terrace Park, you’ll love the blend of peaceful neighborhood charm and easy access to the outdoors.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5
Remaining Loan Term
14 years, 5 months
Monthly PITI
$1,256.25/mo
Estimated Loan Balance
$98,525
Cash to close
$172,622
Interest Paid
$97,946

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • 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: Chain Link, Full
Roof
  • Roof: Unknown
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: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 1915
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Subd Ferrants 1st Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $121.73
  • Tax Annual Amount: $2530
  • On Market Date: 2025-04-24T00:00:00.000Z
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 $172,622 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $172,622!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$97,378
Your Cash:$172,622
Total Purchase Price:$270,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$791/mo
Traditional @ 7.15%
$1,032/mo
You save $241/month ($2,896/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6707403

Listing From: northstar

Last updated: 2025-04-28T15:52:03.000Z

© , 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

5%
7.15%

Principal & Interest

$791 /mo
$995 /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 $172,622 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $172,622!

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

Loan Breakdown

Assumed Mortgage5% Sellers Rate
$97,378
Your Cash:$172,622
Total Purchase Price:$270,000

Assumed vs Traditional Mortgage

Assumed @ 5%
$791/mo
Traditional @ 7.15%
$1,032/mo
You save $241/month ($2,896/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Exit Realty
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899

© 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 Exit 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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