Dan Kaercher

Dan Kaercher

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Closed

$189,900

($32,379 down)
FHA

806 N 5th Street, Mankato, MN 56001

3
1
1,356 sqft
PITI Monthly
$1,345.48 /mo

Listing courtesy of: , True Real Estate

Assumed Rate

6.09%
7.15%

Principal & Interest

$980 /mo
$1,094 /mo

What's Special

SPACIOUS
MODERN
HISTORIC
COZY

Take a look at this updated 3-bedroom charmer. Step through the inviting front door and be welcomed by a cozy drop zone, perfect for coats, shoes, and keeping things tidy. From there, enter the spacious living room featuring crisp white trim and large windows that flood the space with natural light, creating a bright and cheerful atmosphere. The updated kitchen is a true highlight, boasting ample cabinetry, newer appliances, and beautiful hardwood flooring. On the main floor, you'll also find a convenient bedroom and a laundry/mudroom, making day-to-day living a breeze. Head upstairs to discover two additional bedrooms and a full bathroom. The basement is unfinished. Outside, you'll love the deep lot with alley access, perfect for adding a future garage or storage shed. This property offers historic charm with modern updates—truly a must-see! Schedule your showing today and fall in love with this timeless beauty! Agent is related to the seller.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.09
Remaining Loan Term
27 years, 10 months
Monthly PITI
$1,345.48/mo
Estimated Loan Balance
$170,010
Cash to close
$32,379
Interest Paid
$21,092

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Aluminum Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Asphalt
Parking
  • Garage: No
  • Garage Spaces: 0
  • 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
  • Aluminum Siding
  • Roof: Asphalt
Condition
  • Year Built: 1916
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Waite & Roelofsons Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Mankato

Financial Details

  • Price per Sqft: $140.04
  • Tax Annual Amount: $1208
  • On Market Date: 2025-03-27T00:00:00.000Z
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 $32,379 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $32,379!

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

Loan Breakdown

Assumed Mortgage6.09% Sellers Rate
$157,521
Your Cash$32,379
Total Purchase Price:$189,900

Assumed vs Traditional Mortgage

Assumed @ 6.09%
$980/mo
Traditional @ 7.5%
$1,134/mo
You save $154/month ($1,850/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6692507

Listing From: northstar

Last updated: 2025-03-27T17:45:03.000Z

© , 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

6.09%
7.15%

Principal & Interest

$980 /mo
$1,094 /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 $32,379 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $32,379!

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

Loan Breakdown

Assumed Mortgage6.09% Sellers Rate
$157,521
Your Cash$32,379
Total Purchase Price:$189,900

Assumed vs Traditional Mortgage

Assumed @ 6.09%
$980/mo
Traditional @ 7.5%
$1,134/mo
You save $154/month ($1,850/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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