Mid-Century Modern home in Portland, OR
This Mid-Century Modern home in Portland, OR offers 3 bedrooms and 2 bathrooms across 1,334 square feet. Standout details include attached garage and fireplace.
| Price | $499,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1334 |
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| Architectural style | Mid-Century Modern (55% match) |
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| Address | 8509 N Newman Ave, Portland, OR 97203 |
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Why buy this home
- Confirmed Mid-Century Modern architecture, matched from the listing photos by Enzo's vision model.
- Features: attached garage, fireplace.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $499K, this home is 26% below the $675K median for 862 similar Mid-Century Modern homes in Portland, OR.
- That works out to $374 per square foot, 12% above the $333 comparable rate.
- On the market 22 days.
| This home | $499,000 |
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| Mid-Century Modern median in Portland, OR | $675,000 (862 homes) |
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| Price per sq ft | $374 vs. $333 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 $3,305/month with 20% down at a 7.28% 30-year fixed rate. You would need about $141,653 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,731/mo |
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| Property tax (new-buyer reassessed rate) | $387/mo |
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| Homeowners insurance | $187/mo |
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| Total monthly | $3,305/mo |
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| Down payment (20%) | $99,800 |
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| Income needed | $141,653/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+ (65 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+ (65/100) |
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| Beats renting in | 18% of modeled paths |
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| Modeled 5-yr equity (median) | $248,000 |
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| Range (10th to 90th pct) | $149,352 to $368,161 |
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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 Estately