7877 SE Phillips Creek LN
Property Photos
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About This Property
Welcome to this charming 2-bedroom, 1 bath attached townhome in the heart of Milwaukie, Oregon! This home offers an inviting, spacious living room perfect for unwinding or entertaining guests. The open floor plan features a kitchen with generous counter space, ideal for meal prep and casual dining. Upstairs, you’ll find two cozy bedrooms and a full bathroom for added convenience. Step outside to your private, fenced backyard oasis, complete with a concrete patio that’s perfect for summer BBQs. This home is designed for comfort and enjoyment. Located in a neighborhood with easy access to local amenities, this townhome offers both privacy and community living. Don't miss out on this incredible opportunity to own a slice of Milwaukie!
Buyers with ITIN numbers are allowed, please see the list of lenders for more details or contact us with your questions.
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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Application Deadline - 5pm on Wed. Feb. 26th
Property Details
Open House! Saturday February 22th 10am-Noon
Address:
7877 SE Phillips Creek LN, Milwaukie 97222
Year Built: 2004
Est. Sq. Ft.: 914
Estimated Monthly Payment: $1,431/mo*
Estimated monthly HOA/Condo fees: $135
Estimated Appraised Value: $325,000
Estimated Monthly Property Taxes: $162
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 6.25% interest on a 30-year, fixed-rate Oregon Bond loan of $166,379 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 recommended minimum income of $45,000. If your income is under this amount it might be difficult to qualify for the home loan. Ask your lender for more information. 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 |