Dan Kaercher

Dan Kaercher

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$255,000

($69,489 down)
VA

407 N Cedar Street, Luverne, MN 56156

4
2
2,086 sqft
PITI Monthly
$1,170.74 /mo

Listing courtesy of: , Real Estate Retrievers-Luverne

Assumed Rate

2.68%
7.15%

Principal & Interest

$826 /mo
$1,379 /mo

What's Special

SPACIOUS
MODERN
PATIO

Located in the city's heart, this beautiful four-bedroom 2, two-bath, two-story home is calling you home. This home features 9ft ceilings, gorgeous woodwork, panel doors, stained glass windows, and everything you love about character homes, with modern updates: carpeting in the upper level & primary bedroom, LVP flooring in the spacious living room and den, Custom kitchen by Country Cupboards, stainless steel gas stove, dishwasher microwave & fridge—large mud room with main floor laundry opening into your private fenced-in back yard with new cement patio. The main floor office or bedroom is connected to a 3/4 bath. The upper level boasts three spacious bedrooms with step-in closets, an updated full bath, and a walk-up attic with abundant storage space. A unique detached double garage with a gambrel roof, loft room above, endless possibilities for a fun space. Call today!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.68
Remaining Loan Term
25 years, 10 months
Monthly PITI
$1,170.74/mo
Estimated Loan Balance
$189,177
Cash to close
$69,489
Interest Paid
$21,757

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Window Unit(s)
  • Heating: Hot Water
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
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
  • Wood Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1911
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Warren & Kniss Second Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Luverne

Financial Details

  • Price per Sqft: $122.24
  • Tax Annual Amount: $2334
  • On Market Date: 2025-01-31T00:00:00.000Z
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 $69,489 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$

You cover the entire equity of $69,489!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$185,511
Your Cash$69,489
Total Purchase Price:$255,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$826/mo
Traditional @ 7.5%
$1,431/mo
You save $605/month ($7,256/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6655673

Listing From: northstar

Last updated: 2025-03-17T20:36:03.000Z

© , 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

2.68%
7.15%

Principal & Interest

$826 /mo
$1,379 /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 $69,489 (27%)
You can enter any amount below - secondary financing will cover the difference if needed.
27%
$

You cover the entire equity of $69,489!

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

Loan Breakdown

Assumed Mortgage2.68% Sellers Rate
$185,511
Your Cash$69,489
Total Purchase Price:$255,000

Assumed vs Traditional Mortgage

Assumed @ 2.68%
$826/mo
Traditional @ 7.5%
$1,431/mo
You save $605/month ($7,256/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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