Dan Kaercher

Dan Kaercher

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Closed

$200,000

($36,674 down)
FHA

1404 Norwood Street, Red Wing, MN 55066

4
2
2,082 sqft
PITI Monthly
$1,471.85 /mo

Listing courtesy of: , RE/MAX Results Inc

Assumed Rate

4.37%
7.15%

Principal & Interest

$906 /mo
$1,226 /mo

What's Special

LOCATION
DINING
FINISHED BASEMENT

Bring your ideas and creativity to this fantastic location adjacent to public parks, and the city's splash pad! The main floor has 3 bedrooms, an office, open dining, kitchen, and living rooms and a bonus solarium space to explore your hobbies or entertain guests. The upper level has a massive main bedroom with master bath, and the unfinished basement and tuck under garages are waiting for your finishing touches to make them yours.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.37
Remaining Loan Term
24 years, 0 months
Monthly PITI
$1,471.85/mo
Estimated Loan Balance
$177,679
Cash to close
$36,674
Interest Paid
$45,118

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Fiber Board
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years
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
  • Fiber Board
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1930
Details
  • Builder:

Community & HOA

Community
  • Subdivision: South Side Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Red Wing

Financial Details

  • Price per Sqft: $96.06
  • Tax Annual Amount: $3448
  • 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.

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Savings Calculator

Current cash to close is $36,674 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $36,674!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$163,326
Your Cash$36,674
Total Purchase Price:$200,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$906/mo
Traditional @ 7.5%
$1,272/mo
You save $366/month ($4,392/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6611127

Listing From: northstar

Last updated: 2024-11-15T16:12:02.000Z

© , 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

4.37%
7.15%

Principal & Interest

$906 /mo
$1,226 /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 $36,674 (18%)
You can enter any amount below - secondary financing will cover the difference if needed.
18%
$

You cover the entire equity of $36,674!

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

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$163,326
Your Cash$36,674
Total Purchase Price:$200,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$906/mo
Traditional @ 7.5%
$1,272/mo
You save $366/month ($4,392/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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