Example of a Rummer

FIXER in SE Portland PICK of the Week

My pick this week is a Rummer-inspired diamond in the rough located in SE Portland Mill Park Neighborhood.

The homes for sale in the SE Portland market are gaining some heat and activity, when they have be stagnant for some time. Homes in SE Portland are moving quickly especially the low-end fixers.

My colleagues in the area agree -- the SE Portland market is moving quickly, especially SE Portland FIXERS.

Photo is NOT the property for sale only an EXAMPLE of a Rummer

Are Fixers in SE Portland a Good Buy?

Some SE Portland fixers for sale are not good buys -- no matter what the price! They are located in high-traffic areas, or need a lot of expensive work. But this property located in SE Portland, although a fixer, is my pick of the week for price, location and YES -- even condition!!

11633 SE Lincoln CT, Portland, OR 97216 (MLS # 12576876)

(all data current as of 3/21/2012)
Photo for 11633 SE Lincoln CT, Portland, OR 97216 (MLS # 12576876)
Price Beds Baths Home size Lot Size
$116,800
3
1 full
1,304 sq ft
6,969 sq ft

This property has old-growth Redwood siding!! You can't buy this type of siding anymore, and if you do, it will cost you tens of thousands of dollars!! The Rummer-esque feel, natural hardwoods and minor fixing on this place makes it my pick of the week.

Solid foundation, dry crawlspace, no apparent leaks in the ceiling -- although a new roof is clearly warranted it is not currently leaking! Minor dry root visible on eaves and soffits.

Remember kids . . . this is a FIXER. YES, it does need some elbow grease and sweat equity to make it shine, but we focus on what it HAS to offer and the potential. Focus too much on the negative, and you'll continue being a renter.

Even at FULL LIST PRICE -- plus $10,000 +/- added in to rehab -- the mortage would be LESS THEN RENT!! About $800/month including PITI at 4% interest, 30 year fixed. You'd be NUTS not to take this property seriously!

This SE Portland Fixer Qualifies for Fannie Mae HomePath

Fannie Mae HomePath properties come with 3% down, NO PMI and can add the repairs/rehabs into the life of the loan, so no out of pocket expenses.

I work with a loan officer that does Fannie Mae Home Path loans . . . give me a call and we'll talk!!

This SE Portland fixer for sale is owned by Fannie Mae and can be purchased with as little as 3% down. It is also eligible for HomePath Financing which means the funds to rehab this SE Portland fixer for sale can be included in the loan.

 

 

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com 		         

BuyersAgentPortland.com

All rights reserved ©

 
This post has been included in Oregon Real Estate News Multnomah County, OR Real Estate News
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Post is included in group: Portland Metro Real Estate
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5 Comments on My Pick of the Week | Rummer Inspired Diamond in the Rough SE Portland Fixer

MAR
21
2012
1,329,347 Points 189 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great you are focusing on these SE Portland diamonds in the rough Carla. Sometimes the perfect home for the right people that put that elbow grease into it....
3:37pm • #1
585,988 Points 46 Featured Posts Outside Blog Called Shot Master

Carla - You said it well.. all diamonds in the rough are not created equal. 

4:43pm • #2
201,876 Points 2 Featured Posts Called Shot Master

Carla, that one looks as classic as a '56 Chevy and has a lot of things going for it! 
6:13pm • #3
1,518,490 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

The older I get the less a fixer type home freaks me out.  The really great deals ARE the fixers.  You just have to be able to see what it will become.
7:20pm • #4
MAR
22
2012
1,156,728 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Carla I hope someone benefit from following your pick of the week.  As a real estate agent you can spot value.
3:13pm • #5


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Carla Muss-Jacobs - Principal Broker/ Owner | Exclusive Buyers Agent |

Portland, OR

More about me…

503-810-7192 | BuyersAgentPortland.com

Address: Beaverton OR, Portland OR, Forest Heights, Lake Oswego, Hillsboro, SW Portland, SE Portland, NW Portland, N Portland, Downtown, The Pearl, NE Portland, Milwaukie, West Linn, Aloha, Cedar Hills, Portland, OR

Office Phone: (503) 810-7192

Cell Phone: (503) 810-7192

Email Me

Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of EBA Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

The Sellers have their own agent ~~ Why don't you have yours?  

Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!  



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