Dan Kaercher

Dan Kaercher

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Pending

$125,000

($62,709 down)
FHA

1616 E Oakland Avenue, Austin, MN 55912

2
2
1,230 sqft
PITI Monthly
$665.96 /mo

Listing courtesy of: , Bold North Real Estate LLC

Assumed Rate

4.01%
7.15%

Principal & Interest

$351 /mo
$497 /mo

What's Special

PATIO

Welcome to 1616 Oakland Ave E! Located one block from East Side Lake and a few minutes from downtown Austin (including the SPAM museum!) this home could not be situated any more conveniently. Neveln Elementary and Park are also a short walk away to the east. Outside the home you will immediately notice the amount of available yard space to enjoy, perfect for fall bonfires or letting the dogs run about. The concrete patio makes for comfortable seating with shade from the mature tree in the back. Inside features two living areas, ideal for relaxation or entertaining. The main level hosting both bedrooms is perfect for convenience, whereas the lower level with built-in bartop is great for hosting watch parties or socializing. Come see all this home and community has to offer. We are excited to welcome you home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.01
Remaining Loan Term
22 years, 3 months
Monthly PITI
$665.96/mo
Estimated Loan Balance
$31,500
Cash to close
$62,709
Interest Paid
$21,169

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Shake Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt
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
  • Shake Siding
  • Roof: Asphalt
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Oakwin Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Austin

Financial Details

  • Price per Sqft: $101.63
  • Tax Annual Amount: $1350
  • On Market Date: 2025-02-14T00:00:00.000Z
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 $62,709 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $62,709!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$62,291
Your Cash:$62,709
Total Purchase Price:$125,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$351/mo
Traditional @ 7.5%
$515/mo
You save $164/month ($1,964/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6658546

Listing From: northstar

Last updated: 2025-03-24T14:42:03.000Z

© , 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

4.01%
7.15%

Principal & Interest

$351 /mo
$497 /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 $62,709 (50%)
You can enter any amount below - secondary financing will cover the difference if needed.
50%
$

You cover the entire equity of $62,709!

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

Loan Breakdown

Assumed Mortgage4.01% Sellers Rate
$62,291
Your Cash:$62,709
Total Purchase Price:$125,000

Assumed vs Traditional Mortgage

Assumed @ 4.01%
$351/mo
Traditional @ 7.5%
$515/mo
You save $164/month ($1,964/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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