Dan Kaercher

Dan Kaercher

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Closed

$675,000

($473,511 down)
FHA

1161 NW 40th St, Miami, FL 33127

3
2
1,236 sqft
PITI Monthly
$1,736.46 /mo

Listing courtesy of: Tamer Sibai, Biscayne Bay Realty

Assumed Rate

4.55%
7.15%

Principal & Interest

$1,151 /mo
$1,525 /mo

What's Special

LOCATION
MODERN

Excellent Location in a desirable neighborhood. This beautifully upgraded home offers modern amenities. Featuring a new roof and aluminum picket fence with dual side-entry gates, the home is elevated 40-45 feet above sea level for added peace of mind. Enjoy LED ceiling fans with remote control, a CrawlSeal™ encapsulated crawl space, and a CrawlDrain™ drainage system. The foundation is reinforced with IntelliJack™ posts for stability, and durable crawl space doors that won’t rust or rot. Include new PVC plumbing, a Samsung washer/dryer, a reverse osmosis water filtration system, and a ready-to-use burglar alarm system.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.55
Remaining Loan Term
23 years, 6 months
Monthly PITI
$1,736.46/mo
Estimated Loan Balance
$201,875
Cash to close
$473,511
Interest Paid
$63,088

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir, CeilingFans, WallWindowUnits
  • Heating: WallFurnace
Features
  • Materials: Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Other
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Other
  • Water Source: Other
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory
Materials
  • Block
  • Roof: Other
Condition
  • Year Built: 1947
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Covington Manor
  • Features: NonGated, StreetLights
HOA
  • Has HOA: No
Location
  • Region: Miami

Financial Details

  • Price per Sqft: $546.12
  • Tax Annual Amount: $3106
  • On Market Date: 2024-09-06T00:00:00.000Z
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 $473,511 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $473,511!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$201,489
Your Cash:$473,511
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$1,151/mo
Traditional @ 7.5%
$1,582/mo
You save $431/month ($5,174/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10458285

Listing From:

Last updated: 2024-09-30T20:40:06.000Z

© , FTL. 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

4.55%
7.15%

Principal & Interest

$1,151 /mo
$1,525 /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 $473,511 (70%)
You can enter any amount below - secondary financing will cover the difference if needed.
70%
$

You cover the entire equity of $473,511!

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

Loan Breakdown

Assumed Mortgage4.55% Sellers Rate
$201,489
Your Cash:$473,511
Total Purchase Price:$675,000

Assumed vs Traditional Mortgage

Assumed @ 4.55%
$1,151/mo
Traditional @ 7.5%
$1,582/mo
You save $431/month ($5,174/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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