Dan Kaercher

Dan Kaercher

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Pending

$369,000

($118,507 down)
FHA

1436 Nottingham Drive, Owatonna, MN 55060

4
3
2,344 sqft
PITI Monthly
$2,175.62 /mo

Listing courtesy of: , Berkshire Hathaway Advantage Real Estate

Assumed Rate

6.26%
7.15%

Principal & Interest

$1,580 /mo
$1,732 /mo

What's Special

DINING
SPACIOUS
MODERN
FIREPLACE
WALK-IN CLOSET
WET BAR
PATIO
LANDSCAPED
COZY

Beautifully updated property nestled in an established neighborhood, this spacious 2-story home is designed with large windows that flood the interior with natural light. Inside, you'll find an updated kitchen with new countertops and a walk-in pantry. The dining room boasts an open floor plan and patio access that is perfect for entertaining. The sunken living room, features a floor-to-ceiling brick fireplace that creates a cozy yet inviting setting for relaxing. The main floor benefits from the primary bedroom along with a full bathroom. Upstairs, you'll find two additional bedrooms and a full bathroom. The lower level offers a spacious bedroom, a ¾ bathroom with a walk-in shower, and a family room with a wet bar-ideal for a potential mother-in-law suite. This property also includes a host of modern updates including new heating and cooling systems installed in 2021, an air-to-air exchanger, a radon system and a tankless water heater. The home's interior is complemented by recessed lighting, ceiling fans, Pergo wood, and tiled floors as well as walk-in closets and built-ins throughout for added storage. The finished and heated 2-car garage includes an electric vehicle (E-V) charger. The beautifully landscaped and treed yard shows off the 6-foot backyard fence that ensures privacy and security. With a private and peaceful setting, this property offers the perfect balance of modern living and natural beauty. Don't miss the chance to make this your dream home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.26
Remaining Loan Term
28 years, 0 months
Monthly PITI
$2,175.62/mo
Estimated Loan Balance
$252,105
Cash to close
$118,507
Interest Paid
$31,739

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Metal Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Age Over 8 Years, 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: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Metal Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1984
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Sherwood Heights
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Owatonna

Financial Details

  • Price per Sqft: $157.42
  • Tax Annual Amount: $3932
  • On Market Date: 2025-03-10T00:00:00.000Z
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 $118,507 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $118,507!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$250,493
Your Cash$118,507
Total Purchase Price:$369,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$1,580/mo
Traditional @ 7.5%
$1,796/mo
You save $216/month ($2,591/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6682276

Listing From: northstar

Last updated: 2025-03-20T13:28:03.000Z

© , 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

6.26%
7.15%

Principal & Interest

$1,580 /mo
$1,732 /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 $118,507 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $118,507!

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

Loan Breakdown

Assumed Mortgage6.26% Sellers Rate
$250,493
Your Cash$118,507
Total Purchase Price:$369,000

Assumed vs Traditional Mortgage

Assumed @ 6.26%
$1,580/mo
Traditional @ 7.5%
$1,796/mo
You save $216/month ($2,591/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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