Dan Kaercher

Dan Kaercher

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Closed

$249,000

($102,151 down)
FHA

520 E Elm Street, Mankato, MN 56001

4
2
1,952 sqft
PITI Monthly
$1,111.73 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

3.02%
7.15%

Principal & Interest

$680 /mo
$1,087 /mo

What's Special

INVESTORS
NEW STOVE
SPACIOUS
MODERN
RENOVATED
FIREPLACE
COZY

This clean 4-bed, 2-bath home in central Mankato with a 5-unrelated rental license is a fantastic opportunity for both homeowners and investors alike. Featuring a spacious walk-out basement and numerous updates, this property offers comfort, convenience, and modern living. The main floor has a spacious living room, two large bedrooms, and a full bathroom. Enjoy brand new kitchen appliances and a new AC, all installed in the summer of 2024. The staircase leading to the basement has been upgraded with fresh carpet. The large family room in the basement features a cozy fireplace, bar, and 3/4 tiled bath. Two newly renovated bedrooms feature durable waterproof, mold-resistant laminate flooring, and the family room has also been updated with the same high-quality flooring. Individual heaters in the bedrooms allow for customizable heat setting. A large utility/laundry room and an expansive concrete storage room complete the lower level, with walk-out access to a private parking in the backyard. PLEASE NOTE: 5-unrelated rental license; New Attic A/C Unit (Summer 2024); New Refrigerator (2024), New Stove (2024), New Dishwasher (2024), New Staircase Carpeting (2024), Radon Mitigation System installed during previous purchase; 200 AMP electrical service.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.02
Remaining Loan Term
25 years, 5 months
Monthly PITI
$1,111.73/mo
Estimated Loan Balance
$201,783
Cash to close
$102,151
Interest Paid
$21,191

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Baseboard, Space Heater
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Full Masonry, Wood Burning
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Age Over 8 Years, 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
  • Wood Siding
  • Roof: Age Over 8 Years, Asphalt
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mankato

Financial Details

  • Price per Sqft: $127.56
  • Tax Annual Amount: $2014
  • On Market Date: 2024-09-16T00:00:00.000Z
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 $102,151 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $102,151!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$146,849
Your Cash$102,151
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$680/mo
Traditional @ 7.5%
$1,127/mo
You save $447/month ($5,365/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6602313

Listing From: northstar

Last updated: 2024-10-29T14:42:02.000Z

© , 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

3.02%
7.15%

Principal & Interest

$680 /mo
$1,087 /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 $102,151 (41%)
You can enter any amount below - secondary financing will cover the difference if needed.
41%
$

You cover the entire equity of $102,151!

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

Loan Breakdown

Assumed Mortgage3.02% Sellers Rate
$146,849
Your Cash$102,151
Total Purchase Price:$249,000

Assumed vs Traditional Mortgage

Assumed @ 3.02%
$680/mo
Traditional @ 7.5%
$1,127/mo
You save $447/month ($5,365/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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