[Show as slideshow]

[View with PicLens]

Price: $270,000

Address: 1941 NE 47th Av

We represented: The Buyer

This classic OLD-PDX is the quintessential Portland bungalow
everyone looks for. Leaded windows, built-ins, hardwoods,
moldings, fireplace, back sunroom with windows that swing open,
banister stairs and grand front porch. The home has three large
bedrooms, good size closets and a full bath up and a half bath on
the main. Our client that bought this house is an experienced rehabber
and we were looking for a fixer that had potential for
greatness. What she didn’t expect was to find a home in great
condition listed for $270,000 that she could skip the re-hab and
move right into adding a new kitchen and doing some minor
cosmetic repairs. The house is walking distance to Trader Joe’s and
a new Whole Foods coming soon to NE PDX making it a
convenient urban location. The home was listed in 2007 for
$425,000, later reduced to $320,000 facing a foreclosure. This is
a great example of some of the awesome deals buyers are finding
and with the current low interest rates the payment including taxes
and insurance on this home will still be less than market rents.