The Cheapest House » Portland

The cheapest house in Portland

John — Thu, 06 May 2010 06:14:38 +0000

Here is a list of houses in Portland that are actually for sale under $125,000.

Windermere Real Estate

Portland Area Home $114,900 7/5 10:40A

Address: 6840 SE 67TH AVE, Portland, OR 97206, MLS: 9090153 , Bedrooms: 2, Bathrooms: 1.00 , Building Size: 1,500 sqft, Lot Size: 0.18 acres, Year Built: 1913, Listing Courtesy of: RMLS / Newdoor Real. […]
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Portland Area Home $123,000 7/6 11:10A

Address: 8126 SE 64TH AVE, Portland, OR 97206, MLS: 10035539 , Bedrooms: 3, Bathrooms: 1.00 , Building Size: 1,779 sqft, Lot Size: 0.11 acres, Year Built: 1959, Listing Courtesy of: RMLS / Stellar Rea. […]
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Portland Area Home $99,900 7/27 5:42P

Address: 2636 SE 87th ST, Portland, OR 97266, MLS: 10061613 , Bedrooms: 1, Bathrooms: 1.00 , Building Size: 624 sqft, Lot Size: 0.14 acres, Year Built: 1926, Listing Courtesy of: RMLS / Keller William. […]
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Portland Area Home $117,500 7/10 11:41A

Address: 6103 SE 85TH AVE, Portland, OR 97266, MLS: 10011732 , Bedrooms: 2, Bathrooms: 1.00 , Building Size: 824 sqft, Lot Size: 0.09 acres, Year Built: 1922, Listing Courtesy of: RMLS / Realty Soluti. […]
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Portland Area Home $99,900 7/26 6:11P

Address: 12104 SE MILL CT, Portland, OR 97216, MLS: 10061278 , Bedrooms: 3, Bathrooms: 1.00 , Building Size: 1,008 sqft, Lot Size: 0.17 acres, Year Built: 1940, Listing Courtesy of: RMLS / Oregon Firs. […]
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Portland Area Home $125,000 7/16 4:12P

Address: 17839 SE MAIN ST, Portland, OR 97233, MLS: 10058527 , Bedrooms: 3, Bathrooms: 1.00 , Building Size: 1,000 sqft, Lot Size: 0.16 acres, Year Built: 1958, Listing Courtesy of: RMLS / Elite Realt. […]
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Portland Area Home $99,900 7/22 5:13P

Address: 2433 SE 85TH AVE, Portland, OR 97216, MLS: 10039366 , Bedrooms: 3, Bathrooms: 1.00 , Building Size: 1,496 sqft, Lot Size: 0.11 acres, Year Built: 1948, Listing Courtesy of: RMLS / John L. Sco. […]
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Portland Area Home $115,000 7/13 3:13P

Address: 8703 N CRAWFORD ST, Portland, OR 97203, MLS: 10057395 , Bedrooms: 2, Bathrooms: 2.10 , Building Size: 1,316 sqft, Lot Size: 0.02 acres, Year Built: 2001, Listing Courtesy of: RMLS / Keller Wi. […]
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The New Homebuyer’s Tax Credit

John — Fri, 27 Feb 2009 03:52:15 +0000

So, the stimulus package changed the first time homebuyer’s tax credit up a little bit. Those of us who were hoping for a credit for all were disappointed, but if you haven’t owned a primary residence in the last three years, you might be in luck. You have the next 12 months to find a purchase a primary residence for yourself and get a tax credit. The tax credit is at most $8,000, depending on your income level and the price of the house. Since most houses out there are going to cost more than $80,000, it probably depends on your income.

I’m sure your friendly neighborhood real estate agent will have all the information you’ll need if you are in the market for a new house.

Permanent Affordability?

John — Wed, 05 Nov 2008 01:38:35 +0000

There is a condo project in Portland, OR that has several units for sale with a catch. If you buy a unit that is priced under $105,000 and take advantage of a $2,500 grant, you will be bound by a covenant that limits the resale price to market value or an increase of twice the CPI, whichever is lower. While I don’t see this as much of a problem, especially when it’s a condominium, that I don’t expect to appreciate at the same rate of single family housing, some people might be locked into the mentality that your residence is another way to cash in.

The Portland real estate market has been appreciating at much more than twice the CPI for the last several years, but that certainly cannot continue indefinitely. $2,500 isn’t really all the much money to make a promise that might limit your future capital gains, but if it makes the difference for you to purchase a condo that you love, the convenant might help someone else purchase it later. The project is a live/work condo project in NE Portland, the website is at www.milepostfive.com.