4845 SE 86th Ave.
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About This Property
Well located single level attached home in Portland’s Lents neighborhood offering 2 bedrooms and 1 bath with approximately 982 sq ft of living space. This wheelchair accessible residence features a functional floor plan with a bright living area, dining space, and convenient laundry area. The home includes laminate flooring, gas forced-air heating, and solar panels for added energy efficiency. Exterior features include a covered front porch, durable siding, and a 1-car carport with a concrete driveway. Convenient access to public transportation, parks, schools, and major arterials. An excellent opportunity for affordable, accessible living in Southeast Portland.
Buyers with ITIN numbers are allowed, please see the list of lenders for more details or contact us with your questions.
Home Energy Score 10: https://rpt.greenbuildingregistry.com/hes/OR10177192
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. Jan. 28th
OPEN HOUSE! Saturday, January 17th. Noon - 2pm
Property Details
Address:
4845 SE 86th Ave, Portland
Year Built: 2011
Est. Sq. Ft.: 982
Estimated Monthly Payment: $1,213/mo*
Estimated monthly HOA/Condo fees: $0
Estimated Appraised Value: $278,000
Estimated Monthly Property Taxes: $143
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? Land Lease
*Payment amount assumes 5.75% interest on a 30-year, fixed-rate FirstHome loan of $164,200 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable. 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.
Priority will be given to households with mobility/accessibility needs and households under 60% of the area median income based on the date of original application with Proud Ground.
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 Household Income |
|---|---|
| 1 | $69,550 |
| 2 | $79,450 |
| 3 | $89,400 |
| 4 | $99,300 |
| 5 | $107,250 |
| 6 | $115,200 |
| 7 | $123,150 |
| 8 | $131,100 |
Application Deadline - 12:00 pm on Wednesday January 28th
Funding Support Provided By
