Home for Sale at 27257 SE FAIRMOUNT DR, Boring, OR 97009

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27257 Se Fairmount Dr
Boring, OR 97009

Stephen Belmore with John L. Scott Sandy, original listing - (503) 780-4336

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Property Details

List Price:	$1,149,900
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	2562 Square Feet
Agency:	John L. Scott Sandy
Agency Phone:	(503) 780-4336

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Description/Comments

Lot Size:	3 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2022
Notes:	This modern home, built in 2022 on 3.34 acres of serene landscape, combines luxury and functionality, making it perfect for multigenerational living. Set behind its own private gate, the property has beautiful views of Mt. Hood and offers ample space and privacy, providing a perfect balance of comfort and style.The lower level features a separate suite with a spacious bedroom, full kitchen, laundry, and walk-out patio, ensuring independence while staying connected. The upper main living area features 3 bedrooms and includes a chef’s kitchen with a 10-foot quartz island, Zline 8-burner gas oven, and butler’s pantry, ideal for cooking and entertaining. The open living and dining areas with vaulted ceilings and large windows frame breathtaking valley views, creating a bright and inviting space for gatherings. The large primary bedroom includes heated tile floors and a walk-in closet for added comfort.Practical features include a heated 3-bay garage with a 14-foot door for RV storage, a covered carport, central vac, a fenced backyard with a hot tub and a chicken coop.Conveniently located, this property offers easy access to both Portland and Mt. Hood, making it an ideal home for those seeking proximity to city amenities and outdoor recreation. With future expansion potential, the property has water and power accessible, offering the possibility of adding structures. This home blends luxury, practicality, and future growth, making it an ideal place for families seeking both immediate comfort and long-term potential.
MlsNumber:	--
ListingId:	24690977

Listing Provided By:	John L. Scott Sandy, original listing
Phone:	(503) 780-4336
Office Phone:	(503) 780-4336
Agent Name:	Stephen Belmore
Disclaimer:	Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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