Dan Kaercher

Dan Kaercher

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Closed

$324,999

($68,622 down)
FHA

8902 Grospoint Avenue S, Cottage Grove, MN 55016

3
2
1,670 sqft
PITI Monthly
$1,866.46 /mo

Listing courtesy of: , Kris Lindahl Real Estate

Assumed Rate

3.76%
7.15%

Principal & Interest

$1,252 /mo
$1,824 /mo

What's Special

DINING
SPACIOUS
HARDWOOD FLOORS
FIREPLACE
PATIO
CHARMING
COZY

Welcome to your new home with many recent updates added! This charming one-level, three-bedroom, two-bathroom property offers incredible potential and versatility. The spacious basement features a workshop that can easily be transformed into a home gym, office, or creative space. The dining room could also be converted back into a fourth bedroom, allowing you to increase the home's value and customize it to suit your needs. At the back of the two-stall garage, you'll find a large, heated workshop—perfect for hobbies, projects, or extra storage. Inside, the main floor boasts beautiful hardwood floors throughout, adding warmth and elegance to every room. You'll find two generously sized bedrooms, a full bath, and one of two inviting family rooms. This family room is enhanced by an electric fireplace, creating a cozy atmosphere for relaxation and gatherings. The lower level is equally impressive, featuring a third bedroom and a convenient 3/4 bath. The second family room in the basement includes a wood-burning stove, making it an ideal spot for unwinding on chilly evenings. Step outside to a fully fenced-in backyard with a large patio, offering privacy and plenty of space for outdoor activities, gardening, or simply enjoying the fresh air. With thoughtful updates, this home can truly shine and become the perfect haven for you. Updates: newer aluminum siding, 2023 dishwasher, 2022 Washer and dryer plus another 15 recent updates!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.76
Remaining Loan Term
27 years, 0 months
Monthly PITI
$1,866.46/mo
Estimated Loan Balance
$261,653
Cash to close
$68,622
Interest Paid
$29,628

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Metal Siding, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Family Room, Wood Burning Stove
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Partial
Roof
  • Roof: Asphalt
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
  • Metal Siding, Vinyl Siding
  • Roof: Asphalt
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Thompsons Grove Add 04
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Cottage Grove

Financial Details

  • Price per Sqft: $194.61
  • Tax Annual Amount: $3278
  • On Market Date: 2024-12-12T00:00:00.000Z
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 $68,622 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $68,622!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$256,377
Your Cash$68,622
Total Purchase Price:$324,999

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,252/mo
Traditional @ 7.5%
$1,892/mo
You save $640/month ($7,676/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6633996

Listing From: northstar

Last updated: 2025-03-17T15:34:03.000Z

© , 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

3.76%
7.15%

Principal & Interest

$1,252 /mo
$1,824 /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 $68,622 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $68,622!

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

Loan Breakdown

Assumed Mortgage3.76% Sellers Rate
$256,377
Your Cash$68,622
Total Purchase Price:$324,999

Assumed vs Traditional Mortgage

Assumed @ 3.76%
$1,252/mo
Traditional @ 7.5%
$1,892/mo
You save $640/month ($7,676/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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