4884 NE 36th Ave
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About This Property
Custom designed Pollination Station Condominium: Beautiful, sustainably built, new construction townhomes in the pedestrian-friendly Concordia neighborhood. Easy walk to Wilshire Park, New Seasons, Fernhill Park, Kennedy School, and NE 42nd Ave. main street (with Hopworks, Pizza Jerk, Pronto Gelato, pre-schools). This home has three bedrooms, one and a half baths, a custom entry art panel, large windows, A/C, metal roof and sliding glass doors to a private patio. Finishes include quartz countertops, tile backsplashes, modern cabinets, luxury vinyl tile flooring and a living room accent wall. Stainless steel appliance package includes a top line Miele dishwasher and LG induction range! Low maintenance landscaping and the comfort of a one-year warranty. Rooftop solar PV panels provide 100% of annual electricity for this efficient electric townhome. Close to Bus Stop (TriMet #72), Bike Score 96 (Paradise!), and 3 blocks to Wilshire Park.
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.
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:
4884 NE 36th Ave, Portland, Oregon 97211
Year Built: 2024
Est. Sq. Ft.: 976
Estimated Monthly Price: $1,981/mo*
Estimated monthly HOA/Condo fees: $78
Estimated Appraised Value: $400,000
Estimated Monthly Property Taxes: $100
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? Covenant
*Payment amount assumes 6% interest on a 30-year, fixed-rate FirstHome loan of $282,500 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 recommended minimum income of $62,500. 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 |
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