Dan Kaercher

Dan Kaercher

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Closed

$275,000

($87,174 down)
FHA

1007 Alexander Court, Montrose, MN 55363

3
2
1,351 sqft
PITI Monthly
$1,386 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

2.83%
7.15%

Principal & Interest

$840 /mo
$1,376 /mo

What's Special

DINING
MOVE-IN READY
DECK
PATIO
CHARMING

Welcome to this move-in ready detached townhome nestled in a charming Montrose neighborhood. Enjoy the convenience of the association taking care of the yard work and snow removal allowing you to relax and enjoy your surroundings. This home boasts 3 bedroom and 2 bathrooms on one level, a vaulted ceiling in the living room, patio door off the dining room for future deck, gas oven and a granite island countertop in the kitchen. The unfinished lower level presents possibilities for additional living space and a walkout to the backyard. The oversized heated 2.5 stall garage is a bonus feature offering ample room for storage or a workshop. Fantastic opportunity to make this beautiful place your new home.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.83
Remaining Loan Term
25 years, 11 months
Monthly PITI
$1,386/mo
Estimated Loan Balance
$193,290
Cash to close
$87,174
Interest Paid
$22,503

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less, Asphalt
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: Townhouse Detached
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 2018
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Forest Creek
  • Features: None
HOA
  • Has HOA: Yes
  • HOA Name: Forest Creek Homeowners Association
  • HOA Amenities: Unknown
  • HOA Fee: $148
  • HOA Frequency: $Monthly
Location
  • Region: Montrose

Financial Details

  • Price per Sqft: $203.55
  • Tax Annual Amount: $3018
  • On Market Date: 2024-08-19T00:00:00.000Z
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 $87,174 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $87,174!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$187,826
Your Cash$87,174
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$840/mo
Traditional @ 7.5%
$1,427/mo
You save $587/month ($7,042/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6588677

Listing From: northstar

Last updated: 2024-09-23T15:08:02.000Z

© , 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

2.83%
7.15%

Principal & Interest

$840 /mo
$1,376 /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 $87,174 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $87,174!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$187,826
Your Cash$87,174
Total Purchase Price:$275,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$840/mo
Traditional @ 7.5%
$1,427/mo
You save $587/month ($7,042/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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