Dan Kaercher

Dan Kaercher

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Pending

$168,500

($94,043 down)
FHA

601 King Street, Park Rapids, MN 56470

2
1
762 sqft
PITI Monthly
$680.96 /mo

Listing courtesy of: , Dane Arthur Real Estate Agency-Park Rapids

Assumed Rate

3.62%
7.15%

Principal & Interest

$382 /mo
$565 /mo

What's Special

Welcome to 601 King Street in Park Rapids, MN. This 2-bedroom, 1-bathroom home offers easy living with city amenities all within walking distance of Heartland Park. This property has a 3-stall attached garage, two over-sized heated stalls with a workbench and a third stall perfect for boats, bikes and lawn mowers. Located just two blocks from Heartland Park, residents can enjoy easy access to outdoor activities and community events. This is a great opportunity for a starter home, downsizing or rental home investor.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.62
Remaining Loan Term
24 years, 6 months
Monthly PITI
$680.96/mo
Estimated Loan Balance
$75,848
Cash to close
$94,043
Interest Paid
$15,775

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Ductless Mini-Split
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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
  • Vinyl Siding
  • Roof: Unknown
Condition
  • Year Built: 1920
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Auditors #2
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Park Rapids

Financial Details

  • Price per Sqft: $221.13
  • Tax Annual Amount: $1082
  • On Market Date: 2025-03-03T00:00:00.000Z
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 $94,043 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $94,043!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$74,457
Your Cash:$94,043
Total Purchase Price:$168,500

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$382/mo
Traditional @ 7.5%
$586/mo
You save $205/month ($2,459/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6679312

Listing From: northstar

Last updated: 2025-03-08T21:52:03.000Z

© , 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

3.62%
7.15%

Principal & Interest

$382 /mo
$565 /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 $94,043 (56%)
You can enter any amount below - secondary financing will cover the difference if needed.
56%
$

You cover the entire equity of $94,043!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$74,457
Your Cash:$94,043
Total Purchase Price:$168,500

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$382/mo
Traditional @ 7.5%
$586/mo
You save $205/month ($2,459/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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