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$358,000

($76,623 down)
FHA

720 Cedar Lake Road S, Minneapolis, MN 55405

2
1
912 sqft
PITI Monthly
$2,501.18 /mo

Listing courtesy of: , LPT Realty, LLC

Assumed Rate

6.79%
7.15%

Principal & Interest

$1,854 /mo
$1,923 /mo

What's Special

LOCATION
DINING
SPACIOUS

Welcome to this adorable Bryn Mawr bungalow. Classic, traditional layout with two bedrooms and bathroom, spacious living room and dining room, with fabulous built-in buffet. Great eat in kitchen area with lovely bank of windows overlooking the back yard, stainless appliances and great work space. Location a 10! with proximity to Theodore Wirth, Cedar lake and trails, all of the cute shops and eateries of Bryn Mawr and the West End. with easy access for all your commutes!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.79
Remaining Loan Term
28 years, 11 months
Monthly PITI
$2,501.18/mo
Estimated Loan Balance
$297,962
Cash to close
$76,623
Interest Paid
$20,829

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Boiler, Radiator(s)
Features
  • Materials: Cedar, Shake Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link
Roof
  • Roof: Age 8 Years or Less, Architectural Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Water Source: City Water/Connected, City Water - In Street
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Cedar, Shake Siding
  • Roof: Age 8 Years or Less, Architectural Shingle
Condition
  • Year Built: 1921
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Thorpe Bros Glenwood Heights
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $392.54
  • Tax Annual Amount: $4403
  • On Market Date: 2025-04-26T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $76,623 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $76,623!

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

Loan Breakdown

Assumed Mortgage6.79% Sellers Rate
$281,377
Your Cash$76,623
Total Purchase Price:$358,000

Assumed vs Traditional Mortgage

Assumed @ 6.79%
$1,854/mo
Traditional @ 7.15%
$1,994/mo
You save $140/month ($1,685/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6709695

Listing From: northstar

Last updated: 2025-05-01T15:07:04.000Z

© , 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

6.79%
7.15%

Principal & Interest

$1,854 /mo
$1,923 /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 $76,623 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $76,623!

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

Loan Breakdown

Assumed Mortgage6.79% Sellers Rate
$281,377
Your Cash$76,623
Total Purchase Price:$358,000

Assumed vs Traditional Mortgage

Assumed @ 6.79%
$1,854/mo
Traditional @ 7.15%
$1,994/mo
You save $140/month ($1,685/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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