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Building Battle Comes to a Head


PDX APPROVED 2014: DRINKS & NIGHT LIFE

Thursday, May 2, 2013

No Paint? No Hammering? No Problem.

Posted by Ronald Quiroga on Thu, May 2, 2013 at 11:33 AM

316 NE 92nd Ave

It’s a no-brainer: New construction or some ramshackle fixer?

Understandably, many would enjoy pumping hours of elbow grease, thousands of dollars, and weeks (if not months, or years?!) into personalizing their space to make it a home. It can all be very rewarding, maybe.

Or you could skip all that and check out this gorgeous Northeast Bungalow, built just two weeks ago!

“The Portland market is hot and the inventory is low. It picked up about a year ago but the last six months have been on fire,” said John Taylor of Taylor Group Realty and head agent for the home.

In just under two weeks, this house has seen 10 showings and even had one offer. According to Taylor, that offer was waved because it did not pass the requirements for the home's SDC exemption.

“The land was purchased for the right price and the System Development Charge exemption allowed the buldier to provide the home at such a great price,” said Taylor about the home's very reasonable price range.

And what is that wonderful price you may ask? The three bedroom, two-and-half bath craftsman-inspired home is going for $239,900.

You may also be wondering, what's an SDC exemption? The developer has met certain requirements set by the City of Portland for reducing their environmental cost. For this particular home, it is required that any potential buyer have a household yearly income of less than $68,300.

For a brand-spanking new home, done up with slab granite counter tops, real hardwood flooring, and a gas fireplace, lets just say it’s a steal, and it won’t be around for very long.

For more information, contact John Taylor at Taylor Group Realty, 971-259-8471 or John@taylorgrouprealty.com.

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