13409 SE Foster Road
Property Photos
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About This Property
Welcome to this beautifully crafted, newly built townhome in the heart of SE Portland. Offering 3 spacious bedrooms and 1.5 baths across two well-designed floors, this home maximizes natural light through thoughtfully placed windows, creating a bright and inviting atmosphere throughout. With energy-efficient features like a heat pump for both heating and cooling, this home is as eco-friendly as it is comfortable. Enjoy the convenience of brand-new, high-quality appliances including a washer/dryer, refrigerator, range, and dishwasher. Plus, the HOA fee covers water and garbage, making this an even more hassle-free living experience."
Home Energy Score 10
The home is eligible for Portland Housing Bureau’s Tax Abatement Program. This program has a $1,000 application fee that can be paid at closing.
Due to the legal structure of this property the only loans that are currently eligible for this home is the Oregon Bond Loan Program.
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
Please view the photos and submit your application if you’re interested in this home. The top applicant will be given a tour of the home prior to completing a sale agreement.
Property Details
Address:
13409 SE Foster Road, Portland, Oregon 97236
Year Built: 2024
Est. Sq. Ft.: 1,167
Estimated Monthly Price: $2,010/mo*
Estimated monthly HOA/Condo fees: $277
Estimated Appraised Value: $335,000
Estimated Monthly Property Taxes: $125* w/ tax abatement
Proud Ground Monthly Fee: $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?: Yes
Land Lease or Covenant? Leasehold Condo
*Payment amount assumes 6.125% interest on a 30-year, fixed-rate Oregon Bond loan of $251,500 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable. You must be an income-qualified homebuyer with a minimum income of $60,000 to purchase this home with Proud Ground. 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 Household Income |
|---|---|
| 1 | $66,100 |
| 2 | $75,550 |
| 3 | $85,000 |
| 4 | $94,400 |
| 5 | $102,000 |
| 6 | $109,550 |
| 7 | $117,100 |
| 8 | $124,650 |
Funding Support Provided By
