My Blog

Hello!
Please find below the last month of closed sales for Portland's Pearl District. 
Do note that there are a fair amount of unlisted properties that have closed in Portland this last month, too.  For more information on Pearl District and Downtown properties, let me know!  blake@ellisnw.com

Building Name	Street Address	# of Bedrooms	# of Bathrooms	Square Footage	# of Parking Spaces	Sold Price
	1632 NW Everett #402	0	1	370	0	$161,900
McCormick Pier	710 NW Natio Pkwy C-12	2	2	1071	1	$265,000
The Elizabeth	333 NW 9th Ave #1206	1	1	1006	1	$335,000
Block 90	323 NW 13th Ave #406	1	1	784	1	$377,000
The Metropolitan	1001 NW Lovejoy St. #503	1	1.5	875	1	$411,000
Park Place	922 NW 11th Ave #608	1	2	1061	1	$440,000
Avenue Lofts	1400 NW Irving St #731	3	1.5	1689	1	$540,000
Tanner Place	1030 NW Johnson St #324	2	2	1664	1	$740,000

Life down at Riverscape Properties has been BUSY lately!  In the past week and a half, we've sold 6 homes!!!

Pacifica Tower:
E 105 - ground floor studio home with a HUGE 295 square foot deck!
Q 605 - sixth floor one bedroom home with a great west hills view
B 302 - third floor two bedroom on the SE corner of the building - lots of river views
L 509 - fifth floor 2 bedroom looking north up the river

Townhomes:
72F - 3 bedroom 3.5 bath riverfront unit with a great rooftop deck, 1882 square feet
73H - 2 bedroom, 2.5 bath riverfront unit with TONS of storage, rooftop deck, and ground floor entertaining space, 2153 square feet

To learn more about the great values at Riverscape, and other downtown Portland area condos, call me at 503 473 5097 today!

Hello everyone,
Jake Planton, a mortgage broker over at Rose City Mortgage, has been kind enough to keep us all up to date on the latest rates in the mortgage market.  See some scenarios below.. Rates are great!  Home prices are great!  It's time to get out there and BUY!
Best,
Blake

Purchase, 20% down, owner occupied, single family residence, full documentation, 740 Fico score, $325,000 purchase price, and a loan amount of $260,000, taxes and insurance as part of monthly payment, 21 day lock.  (If any one of these factors are different, it COULD change the below rates.  This is just a barometer of the current rates).

 

30 Year Fixed with 1% in origination fee : 4.875% (APR 5.035%) ~

5/1 ARM with 1% in origination fee: 5.250% (APR

 

Jumbo- Purchase Price of $700,000, 20% down, loan amount $560,000 (20% down)

 

30 Year Fixed with 1% in origination fee: 5.750% (APR 5.892%)

5/1 ARM with 1% in origination fee: 5.375% (APR 5.512%)

 

ALL mortgage professionals are REQUIRED by LAW to report APR.  If you do not see APR, they are doing something illegal.  HOWEVER, APR is something that can be calculated differently depending on the lending institution.  Rose City’s APR guidelines are copied straight from the state of Oregon.  The real way to compare lenders is to look at RATE and ORIGINATION fee, from the two lenders, on the same day, at the same HOUR .  Keep that ALL in mind.

 

Keep in mind that I will compete for YOUR business, and I would love to compete!

 

www.JakePlanton.com

503-475-3788

 

Below, find a list of the listed units in Portland's Pearl District that have closed in the last month.
If you have any questions on condos in the Pearl or downtown Portland, give me a call.  I'd be happy to help you!

Building Name	Street Address	# of Bedrooms	# of Bathrooms	Square Footage	# of Parking Spaces	Sold Price
Pacifica	1830 NW Riverscape St #407	0	1	764	1	$267,000
	1410 NW Kearney St #914	1	1	837	1	$285,000
Elizabeth	333 NW 9th Ave #713	1	1	993	1	$374,000
Park Place	922 NW 11th Ave #601	1	1	1015	1	$418,500
937	937 NW Glisan St #1235	2	2	1049	1	$486,950
Riverstone	821 NW 11th Ave #423	2	2	1326	1	$542,000
Metropolitan	1001 NW Lovejoy St #809	2	2	1238	1	$628, 750
Park Place	922 NW 11th Ave #1115	2	2.5	1734	1	$795,000
The Casey	311 NW 12th Ave #1203	2	2.5	2652	2	$1,400,000
Metropolitan	1001 NW Lovejoy St PH2	3	3.5	3366	2	$2,500,000