Cottage / Storybook home in 12516 SE Madison St Portland, OR
This Cottage home in Portland, OR offers 3 bedrooms and 3 bathrooms across 1,440 square feet. Its Cottage character defines the property's look.
| Price | $459,900 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 1440 |
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| Architectural style | Cottage / Storybook (33% match) |
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| Address | 12516 SE Madison St Portland, OR 97233 |
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Why buy this home
- Confirmed Cottage / Storybook 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 $460K, this home is 23% below the $595K median for 593 similar Cottage / Storybook homes in Portland, OR.
- That works out to $319 per square foot, right at the $319 comparable rate.
- On the market 16 days.
| This home | $459,900 |
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| Cottage / Storybook median in Portland, OR | $595,000 (593 homes) |
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| Price per sq ft | $319 vs. $319 comps median |
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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 $3,046/month with 20% down at a 7.28% 30-year fixed rate. You would need about $130,553 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,517/mo |
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| Property tax (new-buyer reassessed rate) | $356/mo |
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| Homeowners insurance | $172/mo |
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| Total monthly | $3,046/mo |
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| Down payment (20%) | $91,980 |
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| Income needed | $130,553/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 B (72 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 | B (72/100) |
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| Beats renting in | 30% of modeled paths |
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| Modeled 5-yr equity (median) | $263,918 |
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| Range (10th to 90th pct) | $165,059 to $375,530 |
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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