Dan Kaercher

Dan Kaercher

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Closed

$219,900

($73,460 down)
FHA

1321 Fair Street, Mankato, MN 56001

2
1
926 sqft
PITI Monthly
$1,356.09 /mo

Listing courtesy of: , American Way Realty

Assumed Rate

6.99%
7.15%

Principal & Interest

$977 /mo
$992 /mo

What's Special

SHOPPING
ENTERTAINMENT
SPACIOUS
MOVE-IN READY
LUXURY
FINISHED BASEMENT

Welcome to your new home! This beautifully maintained rambler is full of character and ready for its next owner. From the moment you step inside, you'll be greeted by design elements like classic shiplap, luxury vinyl plank flooring, and an inviting open floor plan, all set against a soothing color palette. The main floor offers two bedrooms and an updated full bath. The kitchen features butcher-block countertops, ample cupboard space, and stainless-steel appliances. Downstairs, the unfinished basement presents a fantastic opportunity to add even more living space to suit your needs with an egress window for possibility of a third bedroom. . Currently used for laundry and storage, it's a blank slate just waiting for your vision. Outside, you’ll love the spacious fenced backyard—ideal for entertaining, gardening, or simply relaxing. A single detached garage completes the package. This move-in ready gem is located in a fantastic neighborhood just blocks from shopping, medical facilities, and entertainment. Don't miss out on this one—call today to schedule your private tour!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.99
Remaining Loan Term
29 years, 2 months
Monthly PITI
$1,356.09/mo
Estimated Loan Balance
$146,685
Cash to close
$73,460
Interest Paid
$8,526

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
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: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: 1947
Details
  • Builder:

Community & HOA

Community
  • Subdivision: First Ext To East Mankato
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mankato

Financial Details

  • Price per Sqft: $237.47
  • Tax Annual Amount: $1506
  • On Market Date: 2024-09-26T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $73,460 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $73,460!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$146,440
Your Cash$73,460
Total Purchase Price:$219,900

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$977/mo
Traditional @ 7.5%
$1,029/mo
You save $53/month ($634/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6609466

Listing From: northstar

Last updated: 2024-12-09T15:41:02.000Z

© , 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

6.99%
7.15%

Principal & Interest

$977 /mo
$992 /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 $73,460 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $73,460!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$146,440
Your Cash$73,460
Total Purchase Price:$219,900

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$977/mo
Traditional @ 7.5%
$1,029/mo
You save $53/month ($634/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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