Ranch home in 2531 SW Spring Garden St #14 Portland, OR
This Ranch condo in Portland, OR offers 3 bedrooms and 2 bathrooms across 1,173 square feet. The Ranch styling carries through the home's design.
| Price | $270,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1173 |
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| Architectural style | Ranch (38% match) |
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| Address | 2531 SW Spring Garden St #14 Portland, OR 97219 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $270K, this home is 48% below the $515K median for 858 similar Ranch homes in Portland, OR.
- That works out to $230 per square foot, 33% below the $345 comparable rate.
- On the market 11 days.
| This home | $270,000 |
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| Ranch median in Portland, OR | $515,000 (858 homes) |
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| Price per sq ft | $230 vs. $345 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,788/month with 20% down at a 7.28% 30-year fixed rate. You would need about $76,646 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,478/mo |
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| Property tax (new-buyer reassessed rate) | $209/mo |
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| Homeowners insurance | $101/mo |
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| Total monthly | $1,788/mo |
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| Down payment (20%) | $54,000 |
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| Income needed | $76,646/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (60 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (60/100) |
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| Beats renting in | 11% of modeled paths |
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| Modeled 5-yr equity (median) | $123,511 |
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| Range (10th to 90th pct) | $72,591 to $186,432 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Portland, OR where local data is thin.
Local home values
Typical home values in Portland, OR have risen about 6% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto