4653 NE KILLINGSWORTH ST #27
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About This Property
Studio condo in multi-generational co-housing community in NE Portland on a 3.73-acre property. This unit boasts granite countertops, acess to an individual garden plot, ductless heat pump, one assigned parking per unit with a car, electric vehicle charging station, gated bike storage, and is pet-friendly.
Includes access to the 1912 farmhouse w/ guest rooms, office, kitchen, living and dining rooms for social activities. Other shared “common space” on the property includes a large dining/common hall with kids play room and a commercial style kitchen and large dinning area, a crafts/sewing room, workshop, laundry room (free to use), storage building, and tool shed
What is co-housing? Cohousing refers to an intentional community of private homes and shared spaces where neighbors know, care for and support each other. Cohousing communities can take many forms, but in essence, they collaborate on managing community business and activities and usually share some regularly scheduled meals.
Columbia Ecovillage Website: https://columbiaecovillage.org/
Buyers with ITIN numbers are allowed> Please see the list of lenders for more details or contact Proud Ground with your questions. (See details below.)
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
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:
4653 NE KILLINGSWORTH ST #27, Portland
Year Built: 1973
Est. Sq. Ft.: 504
Estimated Monthly Payment: $1,663/mo*
Estimated monthly HOA/Condo fees: $379
Estimated Appraised Value: $225,000
Estimated Monthly Property Taxes: $230
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?
1st time homebuyers purchase price = $161,920
Non 1st time homebuyers purchase price = $186,920
Land Lease or Covenant? Covenant
*Payment amount assumes 5.75% interest on a 30-year, fixed-rate FirstHome loan of $161,920 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 $54,000. 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 | $161,920 Price Maximum Gross Household Income | $186,920 Price Maximum Gross Household Income |
|---|---|---|
| 1 | $71,900 | $89,800 |
| 2 | $82,150 | $102,650 |
| 3 | $92,400 | $115,450 |
| 4 | $102,650 | $128,300 |
| 5 | $110,900 | $138,550 |
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.
Funding Support Provided By
