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About This Property

This charming one-story home offers a unique opportunity with the garage converted into a fully independent ADU! The main home includes spacious living areas, three bedrooms, one bathroom and a beautiful outdoor entertainment space with a concrete patio. The ADU is a roomy studio with glossy white built-ins and everything needed to feel at home.

Home Energy Score 10

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:
1333 NE Rosa Park Way, Portland, Oregon 97211

Year Built: 1972

Est. Sq. Ft.: 992

Estimated Monthly Payment: $2,071/mo*

Estimated monthly HOA/Condo fees: $0

Estimated Appraised Value: $585,000

Estimated Monthly Property Taxes: $335

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?: No

Land Lease or Covenant? Land Lease

*Payment amount assumes 5.75% interest on a 30-year, fixed-rate Oregon Bond loan of $304,275 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 $67,000 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

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