NOT LISTED FOR SALE

2505 NE 40th Ave Portland, OR 97212

Grant Park Neighborhood

Estimated Value: $1,026,611 - $1,288,000

3 Beds
3.5 Baths
2,430 Sq Ft
$456/Sq Ft Est. Value

Last Sold April 09, 2014

Last sale price $800,000 $329 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,965/month

Highlights

  • Craftsman Architecture
  • No HOA
  • Forced Air Heating System
  • Beverly Cleary School Rated A-
  • Living Room
  • Dining Room

About This Home

As of April 2014

Ben Waechter's "100 year old house" Simply one of the most stunning remodels ever completed in Northeast Portland.

Last Agent to Sell the Property

OR and WA Non Rmls

Non Rmls Broker License #NA Listed on: 03/02/2014

Last Buyer's Agent

Jim Arnal

Windermere Realty Trust License #200301170

Windermere Realty Trust

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,445

Year Built

  • Built in 1911 | Remodeled

Lot Details

  • 4,791 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Lap Siding
  • Cedar

Interior Spaces

  • 2,430 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Beverly Cleary Elementary And Middle School
  • Grant High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Grant Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number R262361

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,445

Year Built

Built in 1911 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: SoldNotListed
  • Property Type: Residential
  • Stories: 3
  • Year Built: 1911
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Craftsman
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 3.1
  • Basement: Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: WoodBurning
  • BathroomsFullLowerLevel: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt3000to4999
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar,LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • 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: Beverly Cleary
  • High School: Grant
  • Middle Or Junior School: Beverly Cleary

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R262361

Green Features

  • Green Certification: No

Tax Info

  • Tax Annual Amount: 8444.99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2014
Closed on
Apr 7, 2014
Sold by
Pike Steven D
Bought by
Tehrani Shandiz and Arnal Jill A
Seller's Agent
OR and WA Non Rmls
Non Rmls Broker
Buyer's Agent
Jim Arnal
Windermere Realty Trust
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$1,109,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,153
Avg. Annual Appreciation
2.87%
Original Mortgage
$720,000
Outstanding Balance
$546,922
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$562,231

Purchase Details

Closed on
Aug 18, 2007
Sold by
Greenleaf Lynn A
Bought by
Pike Steven D and Sneider Allison L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Greenleaf Lynn A
Bought by
Greenleaf Lynn A and Foley David P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2001
Sold by
Allen Robert L M
Bought by
Greenleaf Lynn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 1999
Sold by
Allen Robert L M
Bought by
Allen Robert L M
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
Tehrani Shandiz $800,000 First American
Pike Steven D $570,000 Transnation Title Agency Or
Greenleaf Lynn A -- Stewart Title
Greenleaf Lynn A $284,675 First American Title Co
Allen Robert L M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tehrani Shandiz $720,000
Previous Owner Pike Steven D $570,000
Previous Owner Greenleaf Lynn A $160,000
Previous Owner Greenleaf Lynn A $129,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2014 04/09/14 Sold $800,000 0.0% $329 / Sq Ft
03/02/2014 03/02/14 Pending -- -- --
03/02/2014 03/02/14 For Sale $800,000 -- $329 / 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 $13,224 $494,250 -- --
2023 $12,716 $479,860 $0 $0
2022 $12,440 $465,890 $0 $0
2021 $12,230 $452,330 $0 $0
2020 $11,219 $439,160 $0 $0
2019 $10,807 $426,370 $0 $0
2018 $10,489 $413,960 $0 $0
2017 $10,053 $401,910 $0 $0
2016 $9,200 $390,210 $0 $0
2015 $8,959 $378,850 $0 $0
2014 $8,646 $360,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Buyer's Agent in 2014

    Jim Arnal

    Windermere Realty Trust

    (503) 284-7755

    17 in this area

    168 Total Sales

    Jim Arnal
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14064377

Regional Multiple Listing Service (RMLS)

APN: R262361

Oregon Multnomah County Portland 97212 Grant Park

2505 NE 40th Ave, Portland, OR

This home is located at 2505 NE 40th Ave, Portland, OR 97212 since 02 March 2014 and is currently estimated at $1,109,153, approximately $456 per square foot. This property was built in 1911. 2505 NE 40th Ave is a home located in Multnomah County with nearby schools including Beverly Cleary School, U.S. Grant High School, and St. Rose 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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