7545 N Olin Ave, Unit 201
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About This Property
Discover the perfect blend of convenience and modern luxury with this stunning one-level home in the heart of North Portland. Featuring 3 spacious bedrooms and 2 beautifully appointed bathrooms, this home offers effortless living with everything you need just steps away. From lush parks to shopping and dining, you'll enjoy unparalleled convenience—no car necessary! Built in 2020, this contemporary gem boasts high-end finishes throughout, including sleek stainless steel appliances, ensuring both style and comfort at every turn.
Listed by Undra Adams, real estate broker licensed in OR with listing office Proud Ground.
More Information:
For more information about this property, contact Undra Adams, licensed broker in Oregon, at 503-493-0293 x106 or undra@proudground.org
Attend a Q & A session to learn more - Register here - English Session or Spanish
Application Deadline - 12pm on Wed. May. 27th
See the Steps to Get Started.
Open House! Saturday May 16th 12pm - 2pm
Property Details
Address:
7545 N Olin Ave, Unit 201, Portland
Year Built: 2020
Est. Sq. Ft.: 1,157
Estimated Monthly Payment: $2,030/mo*
Estimated monthly HOA/Condo fees: $345
Estimated Appraised Value: $390,000
Estimated Monthly Property Taxes: $229
Proud Ground Monthly Fee: $51.50
Estimated Recording Fees: $800
Max. front end/housing ratio: 38%
Max. back-end ratio: 45%
Minimum home buyer contribution to purchase: $500
1st time homebuyer required?: No
Land Lease or Covenant? Covenant
*Payment amount assumes 5.75% interest on a 30-year, fixed-rate FirstHome loan of $230,400 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable.
To comfortably afford this home, we recommend an annual household income of at least $64,000. If your income is under this amount it might be difficult to qualify for the home loan.
You must be an income-qualified homebuyer.Owner-occupancy, resale, and other restrictions apply. Final monthly payment and down-payment amount will be determined by the lender based on current interest rates.
Income Qualification
To qualify for this home, your total household income must be at or below a specific amount, based on household size. Proud Ground calculates your income by reviewing recent pay information and accounting for any expected raises or additional income that might occur during the first year you own your home. Household income includes gross annual income (before taxes), commissions, overtime, bonuses, child support, alimony, pensions, benefits, and income from anyone 18 or older living in the home, even if they’re not on the loan. Once you have purchased your home, no additional income certification is required. This is a strict guideline and no exceptions to maximum income limits can be made.
Please review the table to see if you qualify.
| Household Size | Maximum Gross Household Income |
|---|---|
| 1 | $89,800 |
| 2 | $102,650 |
| 3 | $115,450 |
| 4 | $128,300 |
| 5 | $138,550 |
| 6 | $148,800 |
| 7 | $159,050 |
| 8 | $169,350 |
Application Deadline - 12:00 pm on Wednesday May 27th
See the Steps to Get Started.
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