$524,900
NEW CONSTRUCTION $15K PRICE DROP

Estimated payment $3,235/month

Total Views 5,208
3 Beds
3 Baths
1,320 Sq Ft
$398 Price per Sq Ft

Highlights

  • New Construction
  • Vaulted Ceiling
  • Stainless Steel Appliances
  • Duniway Elementary School Rated 9+
  • Quartz Countertops
  • Attached Garage

About This Home

5.25 FIXED INTEREST RATE WITH BUILDER-PAID BUYDOWN... subject to market and eligibility. Welcome to Ivy Terrace, a brand-new community of 8 thoughtfully designed townhouse-style condminiums in the heart of sought-after Sellwood. These quality-built homes feature stylish kitchens with quartz countertops, sleek tile backsplashes, and stainless-steel appliances. Enjoy the open-concept main floor layout, perfect for entertaining, and two spacious primary suites upstairs for ultimate comfort. Superior construction shines through with cabinets that rise to the 9-foot ceilings, high-efficiency heat pumps providing central heating and A/C, and durable Trex decking. This 3-bedroom plan has a motorcycle-sized garage which is great for bikes and camping gear. Each home offers both a front balcony and a rear outdoor space—providing east and west exposure for extended outdoor living. All this in one of Portland's most charming neighborhoods! For availability, pricing, plans and more, see the Ivy Terrace Sellwood website.

Listing Agent

Reuben Schug

Windermere Realty Trust Brokerage Email: moreland@windermere.com License #200611244 Listed on: 07/01/2025

Windermere Realty Trust

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,998

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 1 Common Wall

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,320 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Wall to Wall Carpet
  • Crawl Space
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Attached Garage
  • On-Street Parking

Schools

  • Duniway Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Municipal Trash

Community Details

  • Ivy Terrace Condminiums Association, Phone Number (503) 754-1930
  • Ivy Terrace Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number R267616

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,998

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 3
  • Warranty: BuilderWarranty
  • Year Built: 2025
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: Yes
  • New Construction Builders Warranty: Yes
  • New Construction C C B Type: Residential
  • New Construction Early Release Earnest Money: No
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: 23-055090
  • Property Sub Type: Attached
  • Architectural Style: CommonWall, Townhouse
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Open House: No
  • PublicRemarksAssociation: Realtor Reuben Schug is fielding questions on behalf of the developer/seller. Once the development is 75% sold, the HOA will be turned over from the developer to the new owners.
  • PublicRemarksNewConstruction: If Early Issue Title Insurance is required by a lender or requested by the Buyer, the premium shall be paid by the Buyer.
  • Room 11 Features: Disposal,Island,Microwave
  • Room 12 Features: Balcony,GreatRoom
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 3.0
  • Interior Amenities: HighCeilings, Laundry, LuxuryVinylPlank, Quartz, VaultedCeiling, WalltoWallCarpet
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, Disposal, FreeStandingRange, Island, Microwave, PlumbedForIceMaker, Quartz, SolidSurfaceCountertop, StainlessSteelAppliance
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Association Contact: Reuben Schug
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt0Kto2999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Parking Description: OnStreet
  • Attached Garage: Yes

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling: CentralAir, HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir, HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: Insurance, MaintenanceGrounds, RoadMaintenance, Trash
  • Senior Community: No
  • Association Fee: 35.0
  • Association Fee Frequency: Monthly
  • Association Name: Ivy Terrace Condminiums
  • Phone: 503-754-1930
  • Association: Yes
  • Association Email: reubenschug@windermere.com

Association/Amenities

  • AssociationAddress: TBD
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Duniway
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Farm: No
  • Zoning: RM1
  • Land Lease: No
  • Parcel #: R267616

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,998 $186,790 -- --
2023 $4,998 $181,350 $0 $0
2022 $4,701 $176,070 $0 $0
2021 $4,622 $170,950 $0 $0
2020 $4,240 $165,980 $0 $0
2019 $4,084 $161,150 $0 $0
2018 $3,964 $156,460 $0 $0
2017 $3,800 $151,910 $0 $0
2016 $3,477 $147,490 $0 $0
2015 $3,386 $143,200 $0 $0
2014 $3,335 $139,030 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2025 09/16/25 Price Changed $524,900 -2.8% $398 / Sq Ft
07/01/2025 07/01/25 For Sale $539,900 -- $409 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Warranty Deed $857,000 First American Title
Warranty Deed -- Accommodation
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,550,000 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 627678890

Regional Multiple Listing Service (RMLS)

APN: R267616