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5951 SE Reedway St, Portland, OR, 97206

2beds
3baths
1,113sqft
$419,900
$377price/sqft
$2,749/moest. monthly cost
$109,960/yrincome needed

About This Home

Welcome to an exceptional brand-new home where modern sophistication meets neighborhood charm. This beautifully crafted home features dual primary bedrooms with vaulted ceilings and ensuite baths. The open-concept main floor with tall ceilings maximizes space and light, while the kitchen showcases premium quartz countertops and stainless-steel appliances. This home includes a covered rear patio and clever dual gate access to open the private patio to an expansive field-turf common area that is shared and fenced for safe activity and play. It is a perfect outdoor area for yard games or entertaining on a surface built for year-round enjoyment. Nestled on a peaceful street near historic Woodstock, you'll enjoy the perfect blend of tranquil living with urban accessibility - just moments from local shops, cafes, parks, and schools. Don’t miss the uber popular food court "The Heist" and New Seasons grocery. This is a rare opportunity to experience comfort, style, and community all in one exceptional location. For availability, pricing, plans and more, visit the WoodstockHaven dot com website. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10236139]

Getting Around

73
WalkingVery Walkable
46
TransitSome Transit
99
BikeBiker's Paradise

Schools

8/10
6/10
Lane Middle SchoolGrades 6-80.8 mi
7/10
Cleveland High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Cement Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Range,Microwave,Plumbed For Ice Maker,Range Hood,Stainless Steel Appliance(s),Built-In Range,Electric Water Heater,Tank Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Closet, Suite, Vaulted Ceiling, Wallto Wall Carpet
  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Great Room,High Ceilings
  • Level: Main

Features

  • High Ceilings,Vaulted Ceiling(s),Closet,Suite,Great Room,Kitchen Island,Quartz
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Laminate,Wall to Wall Carpet

Heating & Cooling

  • Heating features: Forced Air,Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 1,113
  • Total interior livable area: 1,113 sqft

Kitchen

  • Features: Builtin Range, Dishwasher, Island,High Ceilings
  • Level: Main

Living Room

  • Features: Great Room,High Ceilings
  • Level: Main

Master Bedroom

  • Features: Closet, Suite, Vaulted Ceiling, Wallto Wall Carpet
  • Level: Upper

Property

Details

  • Parcel number: R289573

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered Patio

Lot

  • Features: Level,SqFt 0K to 2999

Parking

  • Parking features: On Street
  • 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
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

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 $2,123$25,476
Home Insurance *$94$1,128
Property Taxes $356$4,272
Electricity $176$2,119
Total$2,749$32,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$94,251/yr
40% on housing$82,470/yr
45% on housing$73,306/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: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$377This listing

vs Other Active Listings

Avg $/sqft

ZIP 97206$228
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97206$323
Multnomah County$288

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)

Price History

DateEventPrice
2026-08-13Price change$399,900
2026-07-28Listed for sale$419,900

New Construction

AgentReuben Schug
BrokerageWindermere Realty Trust

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