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. Features an open-concept living and dining room, and a kitchen omplete with sleek stainless steel appliances and a pantry. The primary bedroom has a walk-in closet and an ensuite with dual sinks, and two additional spacious bedrooms and a second beautifully appointed bathroom provide function and flexibility. Enjoy the beauty of wood floors throughout and ease of a full-size, front-loading washer and dryer in unit. The private, covered deck is perfect for outdoor entertaining
Conveniently located near lush parks, shopping, and dining, you'll enjoy unparalleled convenience—no car necessary! Built in 2020, this contemporary gem boasts high-end finishes throughout, 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
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This home is available on a 1st come first serve basis. Complete applications will be reviewed in the order received. See the Steps to Get Started.
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 |
This home is available on a 1st come first serve basis. Complete applications will be reviewed in the order received.
See the Steps to Get Started.
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