Portland Condominiums (condos): Owner has a deed for unit, has a
separate mortgage, pays property tax on the unit plus a percentage
of the common areas and pays a monthly maintenance fee. A board of
directors governs the complex with the owner having one vote. The
condo owner has a fee simple absolute unrestricted ownership and is
individually responsible for property taxes and maintenance fees.
Use the sales price of condominiums with similar size, appeal, age,
neighborhood in Portland, incurring similar maintenance fees, etc.
to determine market value. Ask owners in the complex what they like
and dislike about both the unit and the complex. How good is the sound
proofing? End units and upper units generally sell for more when sound
comes into play. How is its location in the complex? Is it near downtown
Portland or will you have to commute? Next to an access street, parking
facility, pool? Look for units that are not adversely affected by
these. Stay away from predominantly rental condo complexes in Portland,
those having more occupants that are renters. They are often poorly
maintained as absentee owners usually vote against improvements and
increases in maintenance fees. When buying condos in Portland, it
is always good to ask lots of questions.
In Portland condos are found throughout the city however condos are
the most common associated with downtown Portland. Portland's downtown
has a substantial number of condos with the most units in the Pearl
District. More condos buildings are being built in Portland where
the average price of a condo is $330,000.
Portland homes for sale
(introduction)
Portland condos
Portland cooperatives
Portland resale homes
Portland gated communities
Portland townhouses
Building a house in Portland
Portland new homes
Portland luxury homes
Portland lofts
Portland investment property
Oregon bungalows
Portland duplexes
Portland triplexes
Portland residential real estate
(attached)
Portland residential real estate
(detached)