Dan Kaercher

Dan Kaercher

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Closed

$249,000

($78,244 down)
FHA

104 Riverside Avenue, Park Rapids, MN 56470

4
2
1,585 sqft
PITI Monthly
$1,229.13 /mo

Listing courtesy of: , Dane Arthur Real Estate Agency-Park Rapids

Assumed Rate

3.08%
7.15%

Principal & Interest

$780 /mo
$1,237 /mo

What's Special

SHOPPING
DINING

Welcome to 104 Riverside Ave on Fishhook River in the heart of Park Rapids. This vintage river home is situated within walking distance of downtown Park Rapids so you can enjoy 2nd Street Stage Summer Music, the Armory Arts and Events Center, the Christmas Tree Lighting, craft beer, a great cup of coffee, dining and shopping! The original boathouse still stands just a few feet from the river's edge. Many original architectural characteristics, including original hard wood floors, are visible again after the ongoing renovations were started. A lot of the work has already be done and this authentic Park Rapids original is ready to be finished any way you like it. Book your showing now!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.08
Remaining Loan Term
26 years, 4 months
Monthly PITI
$1,229.13/mo
Estimated Loan Balance
$172,114
Cash to close
$78,244
Interest Paid
$19,899

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Baseboard
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
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
  • Steel Siding
  • Roof: Unknown
Condition
  • Year Built: 1898
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Riverside Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Park Rapids

Financial Details

  • Price per Sqft: $157.1
  • Tax Annual Amount: $2034
  • On Market Date: 2024-10-01T00:00:00.000Z
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 $78,244 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $78,244!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$170,756
Your Cash$78,244
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$780/mo
Traditional @ 7.5%
$1,283/mo
You save $503/month ($6,035/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6611763

Listing From: northstar

Last updated: 2024-11-13T19:54:02.000Z

© , 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

3.08%
7.15%

Principal & Interest

$780 /mo
$1,237 /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 $78,244 (31%)
You can enter any amount below - secondary financing will cover the difference if needed.
31%
$

You cover the entire equity of $78,244!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$170,756
Your Cash$78,244
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$780/mo
Traditional @ 7.5%
$1,283/mo
You save $503/month ($6,035/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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