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$699,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,617 Sq. Ft.
  • Updated 4 days ago

Next open house:

Open House: 12:00 PM - 2:00 PM

Saturday 4/4 12:00 PM - 2:00 PM

640 SE 40th Ter,Gresham, OR 97080

640 SE 40th TerGreshamOR97080

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Experience resort-style living in this gorgeous Villa, which boasts its prime location backing onto the esteemed Persimmon Golf Course. This season offers an ideal opportunity to utilize the updated and expansive rear deck, perfect for enjoying the scenic views of the golf course. The thoughtfully designed, spacious floor plan features a den, soaring ceilings, a gourmet kitchen complete with granite countertops and modern appliances. The greatroom features: hardwood flooring, a welcoming fireplace, a primary suite on the main level, and a dedicated laundry area. The lower level is fully appointed with a generously sized family room, an additional bedroom, a full bathroom featuring a jetted tub, ample storage, and a bonus room. This specific residence is unique as the only villa with an extra-wide garage, providing additional space for convenience or storage. Equipped with Solar panels and a great savings on your electricity bill!! Golf and social memberships are sold separately. Call today for more information or your personal tour!

Full Property Details for 640 SE 40th Terrace

General

  • Price: $699,000
  • HOA FEE: $85/month
  • HOA FEE FREQ.: Annually
  • Taxes: $8,663 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 272454282
  • Updated: 3/27/2026
  • Added to Site: 8 day(s) ago

Interior

  • Interior Features: Central Vacuum, Garage Door Opener, Granite, Hardwood Floors, High Speed Internet, Jetted Tub, Laundry, Tile Floor, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas
  • Appliances: Convection Oven, Dishwasher, Disposal, Granite, Instant Hot Water, Microwave

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Main - Full Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Main
  • Bedroom 2: Lower

Other Rooms

  • Kitchen: Main
  • Dining Room: Main
  • Laundry: Main
  • Storage: Lower

Exterior

  • Exterior Features: Covered Patio, Deck, Sprinkler

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway, On Street

Location

  • County: Multnomah
  • Driving Directions: SE Hogan Rd to SE Butler Rd, left onto 40th Terrace. Extra parking at each of the rd

School Information

  • Elementary School: Hogan Cedars
  • Middle School: Dexter McCarty
  • High School: Gresham

Community

  • Community Name: 144 - Gresham, Sandy, Troutdale, Corbett
  • Association: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Radiant
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Craftsman, Daylight Ranch
  • Basement Desc.: Daylight
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 2
  • Square Feet: 2,617
  • Year Built: 2003
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved
  • Lot Features: Gentle Sloping, Golf Course

Financial Considerations

  • Association Fee: $1,018
  • Assoc Fee Freq.: Annually
  • Other Assoc Fees: $3,418
  • Tax Amount: $8,663.85
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: PERSIMMON NO 4, LOT 130
  • Disclosures/Reports: Disclosure
  • Property ID: R242797

Listed by Keller Williams Realty Portland Elite (503) 744-0000, Bev Blume (503) 482-8005

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Listing agent

— 640 SE 40th Terrace —

  • Bev Blume

    Keller Williams Realty Portland Elite

    503-744-0000

503-482-8005

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 640 SE 40th Terrace

School District:Gresham-Barlow School District 1j
NameGradesDistance
Hogan Cedars Elementary School
1770 Southeast Fleming Avenue, Gresham, OR 97080
K-51.4 mi
Dexter Mccarty Middle School
1400 Southeast 5th Street, Gresham, OR 97080
6-81.7 mi
Gresham High School
1200 North Main Avenue, Gresham, OR 97030
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 640 SE 40th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$699,000
82.51%
MLS
7/08/2013
Sold
$383,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 640 SE 40th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,664
4%
$425,750
3%
2024
$8,293
10%
$413,350
3%
2023
$7,556
6%
$401,320
6%
2021
$7,160
-3%
$378,300
-3%
2022
$7,345
3%
$389,640
6%
2021
$7,160
9%
$367,290
3%
2019
$6,561
5%
$356,600
3%
2018
$6,255
4%
$346,220
3%
2017
$6,002
13%
$336,140
3%
2016
$5,291
2%
$326,350
3%
2015
$5,177
2%
$316,850
3%
2014
$5,051
13%
$307,630
10%
2013
$4,484
—
$280,220
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Realty Portland Elite (503) 744-0000, Bev Blume (503) 482-8005

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640 SE 40th Ter, Gresham, OR 97080 (MLS# 272454282) is a Single Family property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 640 SE 40th Ter is currently listed for $699,000 and was received on March 27, 2026. Want to learn more about 640 SE 40th Ter? Do you have questions about finding other Single Family real estate for sale in Northeast Gresham? You can browse all Northeast Gresham real estate or contact a Coldwell Banker agent to request more information.

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