I’ll admit to being just plain curious about the Division 43 development of 29 micro-homes. Looks like about six listings for this new construction development have popped up in the past two weeks and two of the homes are already under contract.
Their pitch sounds like it’s right out of a Portland Plan wet dream: “Homes sized just right for Portland. And just right for you. Where it’s easy and convenient to live car-free. Where you can get to know your neighbors in friendly, relaxed outdoor spaces.”
The developer’s site, DR Horton, focuses on the right-price message but also greens it up:
These condominium homes are built on a compact footprint, using salvaged and sustainably produced materials. So not only are they a better use of natural resources, they’re priced within reach.
Prices start at $129K for a studio (364 sf) and go up to $200K for a 2-bedroom (687 sf). HOA dues look to be approximately $.36/sf per month which is probably about average for new construction considering it covers the basics (garbage, sewer, water, and insurance) plus commons (presumably landscaping) and management.
Details on the two that are under contract:
- 4325 SE Division St Unit B – 583 sf loft with 1 bedroom, 2 bath listed for $170K
- 4321 SE Division St Unit C – 364 sf studio listed for $130K
And here are a couple of photos from the listings. The loft definitely seems like the most appealing option. And while I’m not too keen on the floor plans only including stall showers, I guess that’s what small footprint living is about!