Dan Kaercher

Dan Kaercher

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Closed

$325,000

($77,445 down)
FHA

3157 Lake Ridge Drive, Big Lake, MN 55309

3
2
1,770 sqft
PITI Monthly
$1,762.89 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

3.08%
7.15%

Principal & Interest

$1,138 /mo
$1,804 /mo

What's Special

SPACIOUS
VAULTED CEILINGS
DECK
SAFE
COZY

This beautifully updated 3-bedroom, 2-bath home that backs up to a large park, offering beautiful views and direct access to open green space for relaxation and recreation. The spacious deck is perfect for entertaining while enjoying the scenic park views, and the fully privacy-fenced backyard provides a safe and private area for outdoor activities. Experience the charm and comfort of this inviting home, featuring elegant wood floors and striking vaulted ceilings that create an open and airy ambiance. The spacious family room in the basement is perfect for gatherings and showcases a dry bar, adding a touch of sophistication for entertaining. Whether hosting friends or enjoying cozy nights in, this space is designed to cater to your lifestyle. Don’t miss out on the perfect blend of style and function in this warm and welcoming home.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.08
Remaining Loan Term
26 years, 2 months
Monthly PITI
$1,762.89/mo
Estimated Loan Balance
$251,526
Cash to close
$77,445
Interest Paid
$30,285

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
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: Full, Privacy
Roof
  • Roof: Age 8 Years or Less, 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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1997
Details
  • Builder:

Community & HOA

Community
  • Subdivision: The Shores Of Lake Mitchell
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Big Lake

Financial Details

  • Price per Sqft: $183.62
  • Tax Annual Amount: $3434
  • On Market Date: 2024-11-08T00:00:00.000Z
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 $77,445 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $77,445!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$247,555
Your Cash$77,445
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,138/mo
Traditional @ 7.5%
$1,871/mo
You save $734/month ($8,802/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6629159

Listing From: northstar

Last updated: 2025-01-21T15:29:02.000Z

© , 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

3.08%
7.15%

Principal & Interest

$1,138 /mo
$1,804 /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 $77,445 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $77,445!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$247,555
Your Cash$77,445
Total Purchase Price:$325,000

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$1,138/mo
Traditional @ 7.5%
$1,871/mo
You save $734/month ($8,802/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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