Dan Kaercher

Dan Kaercher

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Closed

$245,000

($114,784 down)
FHA

739 Lincoln Avenue NW, Faribault, MN 55021

4
2
1,988 sqft
PITI Monthly
$1,083.8 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

3.31%
7.15%

Principal & Interest

$674 /mo
$1,037 /mo

What's Special

LOCATION
DESIRED
DINING
SPACIOUS
HARDWOOD FLOORS
HISTORIC
CHARMING
COZY
AFFORDABLE

Welcome to this charming home nestled in a quiet location, conveniently close to I-35, schools, parks, and Historic Faribault Mainstreet/Downtown—perfect for both commuters and someone wanting a centralized location to Faribault & many nearby towns! This lovely property boasts a spacious corner lot with a large, fenced-in backyard, offering plenty of privacy and space for outdoor activities. Major updates have already been completed, making this home ready for you to add your personal touch. Just imagine...as you walk up the welcoming front porch, you’re greeted by a cozy spot perfect for sipping morning coffee or relaxing in the evening. The front door opens to reveal a warm, welcoming floor plan with gleaming hardwood floors that add a touch of elegance and warmth. On the main level, you’ll find a living room and formal dining area, that’s ideal for entertaining or unwinding after a long day. The kitchen is conveniently nearby, and provides access to the back yard through the back door which also makes unloading groceries from the garage a breeze. Don't miss the main floor bedroom, which could also be used as an office if desired. The home’s layout includes bedrooms on every level, providing excellent privacy and flexibility. The upper-level features two bedrooms with generous closet space, a full bathroom with a washer and dryer. No need to haul those clothes up and down. Downstairs you will find another living area with a small kitchenette, and this level has its own 3/4 bathroom and laundry, ensuring convenience and accessibility. This thoughtful design makes the home ideal for a potential roommate or extended family, offering privacy and personal space. The layout of this affordable home is functional, providing plenty of options for set up and use, but also exudes a cozy, welcoming vibe, making it an inviting place to settle in and enjoy relaxation and easy living! With just a little TLC, this home will truly shine and you have opportunity for easy equity building! Hurry before it's gone.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.31
Remaining Loan Term
25 years, 3 months
Monthly PITI
$1,083.8/mo
Estimated Loan Balance
$143,596
Cash to close
$114,784
Interest Paid
$22,991

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Full, Privacy, Wood
Roof
  • Roof: Asphalt, Pitched
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: Asphalt, Pitched
Condition
  • Year Built: 1926
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Gohlikes Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Faribault

Financial Details

  • Price per Sqft: $123.24
  • Tax Annual Amount: $1818
  • On Market Date: 2024-08-27T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $114,784 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $114,784!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$130,216
Your Cash$114,784
Total Purchase Price:$245,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$674/mo
Traditional @ 7.5%
$1,076/mo
You save $403/month ($4,830/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6593626

Listing From: northstar

Last updated: 2024-10-30T16:07:02.000Z

© , 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

3.31%
7.15%

Principal & Interest

$674 /mo
$1,037 /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 $114,784 (47%)
You can enter any amount below - secondary financing will cover the difference if needed.
47%
$

You cover the entire equity of $114,784!

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

Loan Breakdown

Assumed Mortgage3.31% Sellers Rate
$130,216
Your Cash$114,784
Total Purchase Price:$245,000

Assumed vs Traditional Mortgage

Assumed @ 3.31%
$674/mo
Traditional @ 7.5%
$1,076/mo
You save $403/month ($4,830/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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