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PDX Neighborhood Spotlight: North Tabor

Hi Friends!

Welcome to a new segment on the blog where I will highlight various neighborhoods around Portland. First up is my neighborhood: North Tabor. I’ve lived in North Tabor for 25 years, serving the area as a Real Estate Agent for almost 16 years. I guess you can say I really like it here 😉
Now let’s take a deep dive into the neighborhood.

About North Tabor
North Tabor is on the east side of the Willamette River on the northern slope of Mt. Tabor. The I-84 forms its northern boundary, separating it from the Hollywood District, Rose City Park, and Madison South neighborhoods to the north. NE/SE 44th Avenue separates it from Laurelhurst to the west while NE 68th Avenue separates it from Montavilla to the east. East Burnside Street forms most of the southern boundary (separating it from the Mount Tabor Neighborhood), except for a section west of SE 49th Avenue for which SE Stark St. forms the boundary with the Sunnyside neighborhood.*
Not only is North Tabor public transit friendly, the 50s Bikeway Project also extends through the neighborhood.
The North Tabor Neighborhood Association holds Zoom board meetings once a month.


Mural in North Tabor

Rosemont Natural Bluff Area
The only official park in the boundaries of North Tabor neighborhood is the Rosemont Natural Bluff Area, which if you drive by you probably won’t realize it’s a park. One of the only remaining Baseline Mile markers from the 1850’s for the original Baseline Road (now SE Stark Street, see my blog post “Surveying Portland, One Marker at a Time”) is at the corner of 61st and Stark.

Food/Drink
Tabor Tavern – The Rib Dinner is awesome!
Big’s Chicken – I love fried chicken, so the Half Bird with Cole slaw is my go-to.
American Dream Pizza – This iconic pizza joint has been around since 1985. My favorite is a large half “Bill Walton”, half “Rat Pack”.

Market Stats
My wife and I love walking from our house up to the top of Mt. Tabor, looking at historic homes (like the Shogren House) along the way. 91 homes were sold in North Tabor last year which is almost double the amount of sold homes from 2019. Right now, the average price of a home in North Tabor is $554,325 with prices ranging from $485,000 – $650,500. It is definitely a seller’s market! Click here for a free home valuation.

Photos of the Shogren House via Shogren House MuseumShogren House via Shogren House Museum

Want to see your neighborhood in PDX Neighborhood Spotlight? Comment below!

References: * Wikipedia

Posted in: Buying A Home, PDX Neighborhood Spotlight, Portland, Real Estate Tagged: food, Neighborhoods, North Tabor, PDX Neighborhoods, Portland, Real Estate, restaurants, Sean Besso

Advantages to Selling a Home in Oregon This Winter

Photo by NeONBRAND via Unsplash

You might have read my previous blog on the advantages to buying a home in Oregon during the winter. The obverse of that article is that there are several compelling reasons to consider selling a home right now, even though winter has not been a particularly popular time to sell.

We are seeing historically low real estate inventory lately not just in the Portland market, but nationwide.

There was a 16% drop in number of homes put on the market in September compared to August. Lower inventory means a more competitive buyer landscape. Why is there a lower inventory? Sadly, one of the reasons is that this year’s wildfires destroyed over 4,000 homes in Oregon. Population growth also factors into a lower inventory. Some people concerned about selling their homes during the pandemic have chosen to hold off. This provides more space for you on the market if you list your home. Here are the precautions I take to ensure everyone’s safety.

Historically low interest rates of below 3% are motivating buyers.

Getting those incredibly low rates shaves off a remarkable difference in what homeowners pay monthly. The Freddie Mac chart below shows the drop in various types of mortgage rates over the past 12 months, bringing us to 2.67% for a 30-year fixed-rate mortgage.

Primary Mortgage Market SurveyÂŽ | U.S. weekly average mortgage rates as of 12/17/2020

Below is a sample mortgage payment calculation factoring in a 10% down payment with a mortgage rate of 3.0%, 3.5%, and 4.0%. So with today’s historically low interest rates, a buyer’s monthly payment would be even lower.

Monthly Mortgage Payment Comparison (Multnomah County)

The National Association of Realtors graph below shows us the median price of a home in the Portland Metro area has increased even though we saw a dip in price growth in 2019. The third quarter of 2020 has rebounded considerably. Fourth Quarter 2020 report was not available at time of publishing.

Portland Vancouver Hillsboro Local Market Report – Third Quarter 2020

If you are still on the fence about whether to list now or wait until spring/summer when house hunting is traditionally more lively, contact me today to have a conversation about your concerns. In the meantime, check out my article on being a prepared home seller.

Originally published 12/28/2020

Posted in: Buying A Home, COVID-19, Personal Finance, Portland, Real Estate Tagged: Portland, Real Estate, sellers, selling a home

Portland’s Irvington Neighborhood, A Virtual Tour

Irvington is a Northeast Portland neighborhood that was originally part of the Donation Land Claim of 1851. Today, it is a thriving community of single-family homes and apartment buildings. The southern boundary of Irvington is NE Broadway Street. Boasting numerous restaurants, shops, and other services along this southern boundary (Things From Another World games and comic shop, barber shops, the tidy gas station Fastrack, veterinarian clinic, etc.), it makes for a great biking and pedestrian-friendly area of Portland. Catch the bus on Broadway to get to downtown in just minutes. The Pearl District is also just past the Broadway Bridge, so there is direct and efficient access to other neighborhoods. It is also close enough to the on-ramps for I-84 and I-5 (but not too close!). The northern boundary is Fremont Street, also a haven for shopping and dining.

Coming Full Circle

The Portland Streetcar was implemented in 1889, connecting more neighborhoods. Its relevance peaked in 1912, according to the Portland Bureau of Transportation’s website. The original Portland Streetcar service ended in 1950. The modern version of the Portland Streetcar, more efficient and practical for modern roadways, was implemented in 2001. Alas, history does repeat itself.

Having once lived in this neighborhood myself, it is near and dear to me. Please enjoy a selection of photos collected over the recent years and seasons. If you’d like to read a more extensive history on Irvington, please visit the Irvington Neighborhood Association’s National Park Service’s National Register Nomination submission. Enjoy the tour!

Photo Gallery

tudor style home
Craftsman half-timber home
scooter in front of home
Great place to ride a scooter
home with hand sanitizer in entry
Hand sanitizer adorning the entryway
yellow stately manor home
Another stately style
queen anne victorian home
Queen Anne Style
black cat chilling by wall
Black cats are my favorite
dog in window
Dog-friendly Irvington
cat crossing street
Cat walking the clean streets
portland summer trees
Summer
chicken in yard
Chicken in the yard
large tree in fall
Majestic fall colors
home decorated for halloween
Halloween
orange rose in bloom
You can almost smell this rose
home christmas lights
Home decorated with Christmas lights
meringue pies and babka
Goodies at Helen Bernhard Bakery
bulbous tree growth
Interesting trees abound
vintage red car under fall tree
Vintage car in front of Central Lutheran Church in Fall
mushrooms
Take time to notice the little things
black and white cat climbing leg
The cats are very friendly
crow on rock
Old crow eating lunch

Posted in: Architectural Heritage Center, Portland Tagged: Irvington, Portland

Meet Your Oregon Real Estate Broker, Sean Besso

man in suit and tie outside
Sean Besso, Managing Principal Broker, Oregon Realty Co.

Sean Besso first became an Oregon resident in 1985 and a Portland homeowner in 1996. His father’s work in food service management lead his family to vastly different areas of the country: Oahu, North Carolina, Montana, and Tillamook, Oregon. His first job was in the family restaurant at the Crust and Kettle in Montana. When the recession hit in 1985, the family moved to Tillamook, where his father opened the first Edward Jones office. Sean moved to Eugene after high school to attend the University of Oregon, where he majored in Sociology and Political Science, with a minor in Japanese studies. University of Oregon is also a significant stop in Sean’s life, where he met his wife, now a Portland school teacher.

Other work experience includes: Enterprise Rent-A-Car in San Francisco, West Coast Event Productions as an event manager, American Show Management producing IT trade shows in California and the southwest, and Contractor Project Manager for Phoenix Redevelopment. This job was his first exposure to real estate. He learned valuable lessons about buying homes, fixing them up, reselling them, and contractor dos and don’ts.

Why Real Estate?

A conversation with his father-in-law inspired Sean to become a real estate broker. He counted working for himself as a plus. And after all, his mother had been a broker in Billings, so he was familiar with the work ethics of unconventional hours, navigating a competitive climate, and importance of client care. In the meantime, he attended classes at Portland State University in the Urban and Regional Planning School. Bartending during the day, he took classes at night to obtain his real estate license.

Once he obtained his broker’s license, he sought out a company that was not of the traditional “hard sell” school of sales. ABC is more about “Always Be Caring” than “Always Be Closing” for Sean. He counts having the experience with the development group and buying his first home as pivotal learning points. He knows from personal experience how important it is to have a broker who is your advocate, is knowledgeable, and is not going to be that slimy, unqualified salesperson pushing a quota agenda.

Personal Real Estate Experience

His former landlord, who had recently gotten his real estate license, sold them their first house. It was his landlord’s first and last real estate transaction. A few years after the sale, Sean discovered the roof had multiple layers, where only two layers are allowed. In fact, the fascia popped off when the roof was replaced, because the weight of all the roofing layers had been lifted. They experienced a sewer line and furnace failure within the first two years of ownership. These were not just nightmares, but real circumstances they could have planned for or even negotiated, had they had competent representation. Sean shares these experiences to help clients understand the importance of advocacy and guide them through the inspection process.

Credentials and Continuing Education

As the market changes, it is crucial to stay on top of rules and regulations, while keeping current with continuing education. See the blog post about 2019 real estate contract changes. Thirty-three credits of continuing education are required every two years for brokers. From 2017-2018, Sean achieved 86 credits, including obtaining his Principal Broker’s License. Other certifications include:

  • Graduate, REALTORÂŽ Institute (GRI), which includes additional ethics and advocacy training
  • ABRÂŽ – Accredited Buyer’s Representative
  • SRS – Seller Representative Specialist
  • Short Sales and Foreclosure Resource (SFRÂŽ)
  • Earth Advantage Broker
  • ADU Specialist (Earth Advantage)

Community Involvement

Sean’s volunteer activities include:

  • Neighborhood Emergency Team
  • Kiwanis Doernbecher Children’s Cancer Program Golf Tournament Volunteer Board
  • Surfrider Foundation
  • Oregon Food Bank
  • SOLVE Beach Cleanups
Man at beach cleanup in Oregon
At Nye Beach for SOLVE
Two men in a warehouse facility wearing hair nets
At Oregon Food Bank with Mark Aalto

Books, Movies, Life

Sean’s favorite books and movies are:

  • Jonathan Livingston Seagull
  • Adventures of a Reluctant Messiah
  • The Hobbit
  • Razor’s Edge
  • Great Waldo Pepper
  • Seven Samurai
  • Jeremiah Johnson

The story of Jeremiah Johnson is especially poignant for Sean. Ask about how his grandfather knew him in “The Old West” of Montana.

The best advice he’s received? Do unto others as you would have them do unto you.

Next travel destination? Italy or Japan. He’d love to learn more about the Italian side of his family. He is drawn to Japan to embark upon a Shinto pilgrimage. He has always felt an inexplicably close connection with Japanese culture.

Posted in: Getting To Know You Tagged: Portland, Real Estate, Realtor, Sean Besso

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Sean Besso Broker
Licensed in the State of Oregon
2207 NE Broadway Ste. 100
Portland, OR 97232
Call Us: (503) 444-9008
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