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45 W 27th Ave #E, Eugene, OR, 97405

1beds
1baths
812sqft
$388,000
$478price/sqft
$2,479/moest. monthly cost
$99,160/yrincome needed

About This Home

Welcome to College Hill Cottages, a rare new-construction home in one of South Eugene’s most loved, hard-to-get-into neighborhoods. Completed in 2025 and designed by Cultivate, this 1-bedroom, 1-bath urban cottage with a full-height loft brings together modern architecture, solar-powered efficiency, and the walkable Eugene lifestyle buyers dream about but rarely find in new construction.Inside, the home feels warm, bright, and beautifully intentional. Exposed timber beams, warm wood flooring, crisp white walls, generous windows, and a custom kitchen with natural wood cabinetry and a striking green tile backsplash create a clean, elevated Northwest feel. The efficient main level lives easily, while the loft adds valuable flex space for a home office, yoga room, creative studio, guest area, or quiet retreat.This is not just small-footprint living. It is smarter living. Built to U.S. Department of Energy Zero Energy Ready Home standards, the cottage features 2x8 insulated walls, high-performance windows, heat pump space and water heating, operable cedar shutters for summer comfort, low-carbon construction, and included solar for day-one efficiency.The setting is equally special. College Hill Cottages is a six-home cottage cluster arranged around a landscaped, south-facing courtyard and patio designed for neighborly connection, outdoor dining, gardening, and everyday ease. HardiPlank siding with stained cedar accents gives the exterior a timeless, low-maintenance look.Step outside and you are close to Market of Choice, Friendly Street Market, neighborhood food carts, Amazon Park, trails, dog-friendly green space, and some of South Eugene’s favorite daily rituals. With a Walk Score of 87 and Bike Score of 92, errands, coffee, dinner, parks, and community are all within reach.Solar included. New construction. Exceptional location. Thoughtful design. College Hill Cottages is the kind of Eugene home people wait for, and the kind that does not come around often.

Getting Around

86
WalkingVery Walkable
37
TransitSome Transit
92
BikeBiker's Paradise

Schools

6/10
Adams Elementary SchoolGrades K-50.9 mi
6/10
Roosevelt Middle SchoolGrades 6-80.4 mi
8/10
South Eugene High SchoolGrades 9-120.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2025

Materials

  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Construction materials: Cement Siding,Added Wall Insulation

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Free-Standing Refrigerator,Microwave,Range Hood,Stainless Steel Appliance(s),Washer/Dryer,Electric Water Heater,Other Water Heater

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Floor 3rd,Ceiling Fan(s),Quartz
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Bamboo

Heating & Cooling

  • Heating features: ENERGY STAR Qualified Equipment,Heat Pump,Mini Split
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 812
  • Total interior livable area: 812 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 1917565

Features

  • Stories: 3
  • Patio & porch: Covered Patio,Porch
  • Exterior features: Garden,Raised Beds

Lot

  • Lot size: 871.20 sqft
  • Features: Sprinkler,SqFt 0K to 2999

Parking

  • Parking features: On Street,Electric Vehicle Charging Station(s)
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate

How This Home’s Risks Compare

Earthquake

FEMA Declared Disasters in Lane County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,961$23,532
Home Insurance *$90$1,080
Property Taxes $252$3,024
Electricity $176$2,119
Total$2,479$29,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,994/yr
40% on housing$74,370/yr
45% on housing$66,106/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$478This listing

vs Other Active Listings

Avg $/sqft

ZIP 97405$248
Lane County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97405$295
Lane County$294

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-21Listed for sale$388,000

For Sale by Agent

AgentKip Lohr
BrokerageEpique Realty

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