The 5 Cheapest Homes Sold in Portland, 2017

For fun, here are the top 5 cheapest homes sales as recorded by RMLS in Portland, so far in 2017. You have to see number one.

5 Lowest Home Sale Prices in Portland

Number 5, Mr. Moldy

4565 NE 85th Ave sold for $130,000.
This home featured extensive mold and rot, two bedrooms and one bathroom.

Number 4, Mr. Tiny

5231 SE 108th Ave sold for the low price of $130,000.
This home featured one full bedroom and one bathroom.

Number 3, Mr. Shorty

5335 SW Taylors Ferry Rd. sold for the low price of $125,000.
This home featured access to a very busy street, dark wood panels, stained carpet, and low ceiling height.

Number 2, Mr. Frankenstien

2109 SE 118th Ave sold for the low price of $117,049.
This home featured stained turquoise carpet, a bricked over fireplace, boarded up windows, and very unusual sq. ft. additions.

Number 1, Mr. Propane

16319 SE Powell Blvd sold for the low, low price of $115,007.
This home featured: extensive fire damage, killer location next to a propane fill up station, and tremendous views of the back of a giant billboard. The home also came one full bedroom, one bathroom, and a white, green, and blue shed. This article’s featured picture is another nice photo of this property!

What can we learn from Portland’s lowest home sales?

This group of homes had a hard time with Portland home buyers for a reason. They were either close to or on a busy street, they were fixers inside and out, they had unresolved issues like mold, and were in tough locations. Location, condition, and size are some of the most important criteria for any home buyer. However, it is also true that anything will sell – for the right price.

Our Portland Buyers Team has numerous designations to help home buyers purchase short sale homes, foreclosure homes, and distressed properties in general – if they are looking for an investment project. Buyer beware! Make sure you have excellent representation. There is no end to the number of potential problems you could inherit in your next home purchase. Make sure to get that Portland home inspection and any additional recommended tests. Know your options and talk with your Portland buyers agent.

Here’s hoping these homes were fixed up by the new owners!