Dan Kaercher

Dan Kaercher

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Closed

$339,900

($48,825 down)
FHA

556 Phelps Street, Owatonna, MN 55060

4
3
3,229 sqft
PITI Monthly
$2,372.53 /mo

Listing courtesy of: , REI Real Estate & Prop Mgmt

Assumed Rate

4.98%
7.15%

Principal & Interest

$1,615 /mo
$2,036 /mo

What's Special

LOCATION
SERENE
SPACIOUS
MODERN
HARDWOOD FLOORS
FIREPLACE
MATURE TREES
COZY

**OPEN HOUSE: Friday Sep 13 11:00am to 1:00pm ** Stunning Rambler with Main Level Living in Prime Owatonna Location! Discover your dream home with this rambler offering expansive main level living. Step into a cozy living room with a wood-burning fireplace, complemented by a second fireplace in the lower-level family room. This home boasts four bedrooms on one level, ensuring convenience and comfort. The spacious chef's kitchen is a culinary delight, complete with a new dishwasher. A heated garage provides comfort during colder months. The newer roof, new lighting, and ceiling fans add to the home's appeal. Enjoy the huge newly fenced backyard, perfect for family gatherings and ample space for your pets to run. Relax in the solarium, ideal for gardening or unwinding with a book. The screened 3-season porch offers a serene space to enjoy the backyard. Storage will never be an issue with immense space up and downstairs. Beautiful hardwood floors add charm and character. Nestled on a quiet street with mature trees, this home offers the best location in Owatonna, just minutes from downtown. Don’t miss the opportunity to own this gem with ample storage and modern amenities. Your perfect home awaits! ??

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 2 months
Monthly PITI
$2,372.53/mo
Estimated Loan Balance
$300,344
Cash to close
$48,825
Interest Paid
$41,648

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • 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: Unknown
Roof
  • Roof: Age 8 Years or Less
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 8 Years or Less
Condition
  • Year Built: 1957
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $105.26
  • Tax Annual Amount: $4734
  • On Market Date: 2024-07-25T00:00:00.000Z
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 $48,825 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $48,825!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$291,075
Your Cash$48,825
Total Purchase Price:$339,900

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,615/mo
Traditional @ 7.5%
$2,112/mo
You save $497/month ($5,968/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6575889

Listing From: northstar

Last updated: 2024-12-10T14:40:02.000Z

© , 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

4.98%
7.15%

Principal & Interest

$1,615 /mo
$2,036 /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 $48,825 (14%)
You can enter any amount below - secondary financing will cover the difference if needed.
14%
$

You cover the entire equity of $48,825!

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

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$291,075
Your Cash$48,825
Total Purchase Price:$339,900

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$1,615/mo
Traditional @ 7.5%
$2,112/mo
You save $497/month ($5,968/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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