Dan Kaercher

Dan Kaercher

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$319,900

($196,175 down)
FHA

701 S Gilman Avenue, Litchfield, MN 55355

4
2
1,890 sqft
PITI Monthly
$1,232.67 /mo

Listing courtesy of: , HOMESTEAD ROAD

Assumed Rate

3.57%
7.15%

Principal & Interest

$689 /mo
$1,028 /mo

What's Special

FRESH PAINT
SPACIOUS
MODERN
DECK
PATIO

The home was completely rebuilt on top of the existing foundation in 2020! This clean, refreshed 4-bedroom, 2-bathroom split-level home offers modern living in a convenient layout. Although it was rebuilt in 2020, It has been recently refreshed with fresh paint and carpet. The upper level features an open floor plan connecting the kitchen and living room, with 2 bedrooms and a full bathroom. The lower level boasts a 3/4 bathroom and 2 more bedrooms, including a spacious room that can double as a recreational area. Enjoy outdoor living with a rear deck, patio, and a shed for additional storage. The home also includes a one-stall attached garage and an additional one-stall detached garage with a workshop inside.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.57
Remaining Loan Term
21 years, 4 months
Monthly PITI
$1,232.67/mo
Estimated Loan Balance
$126,261
Cash to close
$196,175
Interest Paid
$42,906

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ductless Mini-Split
  • Heating: Baseboard
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • 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
  • Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1977
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Melodie Heights
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Litchfield

Financial Details

  • Price per Sqft: $169.26
  • Tax Annual Amount: $3426
  • On Market Date: 2025-03-19T00:00:00.000Z
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 $196,175 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $196,175!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$123,725
Your Cash:$196,175
Total Purchase Price:$319,900

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$689/mo
Traditional @ 7.5%
$1,066/mo
You save $377/month ($4,522/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6688053

Listing From: northstar

Last updated: 2025-04-02T17:43:03.000Z

© , 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

3.57%
7.15%

Principal & Interest

$689 /mo
$1,028 /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 $196,175 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $196,175!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$123,725
Your Cash:$196,175
Total Purchase Price:$319,900

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$689/mo
Traditional @ 7.5%
$1,066/mo
You save $377/month ($4,522/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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