Dan Kaercher

Dan Kaercher

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Closed

$389,900

($154,885 down)
FHA

8225 Parell Avenue NE, Otsego, MN 55330

3
2
2,080 sqft
PITI Monthly
$2,003.96 /mo

Listing courtesy of: , Counselor Realty, Inc

Assumed Rate

4.2%
7.15%

Principal & Interest

$1,344 /mo
$1,856 /mo

What's Special

LOCATION
FIREPLACE
WET BAR
DECK
PATIO
SPRINKLER SYSTEM

Awesome "Otsego" Neighborhood!!!*Good Size 4-Level w/3 BR's Up*Big Kitchen w/See thru to 3rd Level * Jumbo Family Room w/WALKOUT-Fireplace-WET BAR Area*Great for Entertaining*Huge Upper Level Walk-Thru Bath w/Jetted Tub & Shower*Vaulted Main Level Ceiling*Boot Bench in Foyer*Entire 4th Level Unfinished w/Lookout Window for Possible 4th BR*Great Setting w/Large FENCED Back Yard w/Small Wildlife Pond in Rear Outside of Fence*Deck off Kitchen & Patio off Walkout*3/4 Bath Down*3-Car Garage*Lawn Sprinkler System*Air Exchanger*Lots of Kitchen Cabinets*You'll Love this Location*QUICK POSSESSION AVAILABLE!!!* Please check out the photos...

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.2
Remaining Loan Term
22 years, 2 months
Monthly PITI
$2,003.96/mo
Estimated Loan Balance
$254,104
Cash to close
$154,885
Interest Paid
$83,893

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick Veneer, Metal Siding, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years
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: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Brick Veneer, Metal Siding, Vinyl Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 2001
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Pheasant Ridge 3rd Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Otsego

Financial Details

  • Price per Sqft: $187.45
  • Tax Annual Amount: $3784
  • On Market Date: 2024-10-24T00:00:00.000Z
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 $154,885 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $154,885!

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

Loan Breakdown

Assumed Mortgage4.2% Sellers Rate
$235,015
Your Cash$154,885
Total Purchase Price:$389,900

Assumed vs Traditional Mortgage

Assumed @ 4.2%
$1,344/mo
Traditional @ 7.5%
$1,925/mo
You save $581/month ($6,977/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6622189

Listing From: northstar

Last updated: 2025-01-23T19:14:02.000Z

© , 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

4.2%
7.15%

Principal & Interest

$1,344 /mo
$1,856 /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 $154,885 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $154,885!

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

Loan Breakdown

Assumed Mortgage4.2% Sellers Rate
$235,015
Your Cash$154,885
Total Purchase Price:$389,900

Assumed vs Traditional Mortgage

Assumed @ 4.2%
$1,344/mo
Traditional @ 7.5%
$1,925/mo
You save $581/month ($6,977/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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