NOT LISTED FOR SALE

1721 SE 40th Ave Portland, OR 97214

Richmond Neighborhood

Estimated Value: $659,000 - $819,000

4 Beds
3 Baths
2,425 Sq Ft
$303/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $630,000 $260 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,553/month

37 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • Main Floor Primary Bedroom
  • Glencoe Elementary School Rated A-
  • Wood Flooring
  • High Ceiling

About This Home

As of April 2023

OPEN SAT 1-3! Rare find - a large house on a double lot in an A+ location. There may be potential for 2 ADUs to be added in the backyard - Buyer to do due diligence. The floorpan is opened up on the main level and ready to be finished to your vision. Upstairs you have two bedrooms - the large, primary, suite has a vaulted ceiling and a deck with views looking west. Further upgrades include: 400 amp electrical service, French drains, updated windows, cedar fence, hybrid heat pump water heater [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10206855]

Last Agent to Sell the Property

Chris Mackovjak

Realty Portland License #201217557 Listed on: 02/02/2023

Last Buyer's Agent

Margaret Gerlt

Portland's Alternative Inc., Realtors License #200904081

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,275

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is zoned R2.5

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,425 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Accessibility Features
  • Green Certified Home
  • Deck

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R326485

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,275

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1925
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Craftsman
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Accessibility Features: MainFloorBedroomBath
  • Total Bathrooms: 3.0
  • Interior Amenities: HighCeilings, WoodFloors
  • Basement: PartiallyFinished
  • Window Features: DoublePaneWindows, VinylFrames
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: WoodBurning
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt7000to9999
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: VinylSiding
  • Exterior Features: Deck, Fenced
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Detached
  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Energy Efficiency Features: CarChargingStation,Tankless
  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R326485

Green Features

  • Green Certification: Yes

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 7274.97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Apr 3, 2023
Sold by
Sferrazza Benjamin
Bought by
Spritz Katie and Spritz Cole
Seller's Agent
Chris Mackovjak
Realty Portland
Buyer's Agent
Margaret Gerlt
Portland's Alternative Inc., Realtors
List Price
$724,900
Sold Price
$630,000
Premium/Discount to List
-$94,900
-13.09%
Views
26
Current Estimated Value
$735,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,113
Avg. Annual Appreciation
8.20%
Original Mortgage
$500,000
Outstanding Balance
$355,032
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$411,530

Purchase Details

Closed on
Oct 21, 2016
Sold by
Macdonald Jeffery L and Whitney John T
Bought by
Sferrazza Benjamin and Sferazza Paul K

Purchase Details

Closed on
Feb 11, 2008
Sold by
Silcox Jennifer A
Bought by
Macdonald Jeffery Leonard and Whitney John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spritz Katie $630,000 Fidelity National Title Compan
Sferrazza Benjamin $560,000 Wfg Title
Macdonald Jeffery Leonard $425,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spritz Katie $500,000
Previous Owner Macdonald Jeffery Leonard $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $630,000 -4.5% $260 / Sq Ft
03/12/2023 03/12/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $659,900 -9.0% $272 / Sq Ft
02/02/2023 02/02/23 For Sale $724,900 -- $299 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $7,866 $294,010 -- --
2023 $7,564 $285,450 $0 $0
2022 $7,400 $277,140 $0 $0
2021 $7,275 $269,070 $0 $0
2020 $6,674 $261,240 $0 $0
2019 $6,429 $253,640 $0 $0
2018 $6,240 $246,260 $0 $0
2017 $5,980 $239,090 $0 $0
2016 $5,473 $232,130 $0 $0
2015 $5,329 $225,370 $0 $0
2014 $5,249 $218,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Mackovjak

    Seller's Agent in 2023

    Chris Mackovjak

    Realty Portland

    (503) 858-4089

    2 in this area

    73 Total Sales

    Chris Mackovjak
    Section Image

  • M

    Buyer's Agent in 2023

    Margaret Gerlt

    Portland's Alternative Inc., Realtors

    (503) 891-6142

    5 in this area

    27 Total Sales

    Margaret Gerlt
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23565865

Regional Multiple Listing Service (RMLS)

APN: R326485

Oregon Multnomah County Portland 97214 Richmond

1721 SE 40th Ave, Portland, OR

This home is located at 1721 SE 40th Ave, Portland, OR 97214 since 02 February 2023 and is currently estimated at $735,113, approximately $303 per square foot. This property was built in 1925. 1721 SE 40th Ave is a home located in Multnomah County with nearby schools including Glencoe Elementary School, Mt Tabor Middle School, and Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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