Dan Kaercher

Dan Kaercher

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Closed

$395,000

($39,881 down)
FHA

4531 Manchester Road, Mound, MN 55364

5
3
2,220 sqft
PITI Monthly
$3,087.25 /mo

Listing courtesy of: , Keller Williams Select Realty

Assumed Rate

6.99%
7.15%

Principal & Interest

$2,364 /mo
$2,402 /mo

What's Special

SPACIOUS
HISTORIC

Lake Life is waiting for you! A quick walk to Lake Minnetonka, and 2 minutes from the nearest boat launch, this home is the perfect balance of charm and opportunity. The upper two bedrooms have a magical “treehouse” feel while the spacious primary with en-suite gives a more luxurious experience. Additional two bedrooms on second floor offer plenty of space for office, guest beds, or any needs you may have. This historic home has been loved and maintained through every owner (basement water protection, beautiful wood floors on second level, newer windows, and so much more!), yet still has room to make it your own! The large shed outside is fully insulated, with heat and electric, ready for finishing touches: she-shed, workshop, guest studio, YOU decide! Ask about the City of Mound Dock Program!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.99
Remaining Loan Term
29 years, 3 months
Monthly PITI
$3,087.25/mo
Estimated Loan Balance
$355,413
Cash to close
$39,881
Interest Paid
$18,586

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Full, Privacy
Roof
  • Roof: 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
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1918
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Lake Minnetonka Trails
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mound

Financial Details

  • Price per Sqft: $177.93
  • Tax Annual Amount: $3854
  • On Market Date: 2024-08-02T00:00:00.000Z
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 $39,881 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $39,881!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$355,119
Your Cash$39,881
Total Purchase Price:$395,000

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$2,364/mo
Traditional @ 7.5%
$2,492/mo
You save $128/month ($1,535/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6566549

Listing From: northstar

Last updated: 2024-09-19T18:05:02.000Z

© , 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

6.99%
7.15%

Principal & Interest

$2,364 /mo
$2,402 /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 $39,881 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $39,881!

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

Loan Breakdown

Assumed Mortgage6.99% Sellers Rate
$355,119
Your Cash$39,881
Total Purchase Price:$395,000

Assumed vs Traditional Mortgage

Assumed @ 6.99%
$2,364/mo
Traditional @ 7.5%
$2,492/mo
You save $128/month ($1,535/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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