$1,500,000

Estimated payment $8,593/month

Total Views 68,135
5 Beds
3 Baths
3,046 Sq Ft
$492 Price per Sq Ft

Highlights

  • Very Popular Property
  • 1.83 Acre Lot
  • Territorial View
  • RV Access or Parking
  • Covered Deck
  • Vaulted Ceiling

About This Home

Prime Development & Lifestyle Opportunity in GreshamDiscover an exceptional property offering both residential comfort and incredible development potential. Situated on 1.83 acres zoned LDR-7, this rare Gresham opportunity allows for the addition of up to 7 custom home lots or 25 townhomes (buyer to perform due diligence with the City of Gresham), creating a unique chance to generate income or offset your own housing costs.The existing home provides immediate livability with inviting spaces for today’s homeowner. Enjoy a spacious floor plan filled with natural light, well-appointed living areas, and generous bedrooms designed for comfort. Whether you choose to keep the home as your private retreat or position it for resale after development, the possibilities are abundant.A standout feature is the 1.18 acres of developable land, giving you flexibility to build new homes while maintaining your residence or turning the entire property into a profitable community project. The level lot, mature surroundings, and ideal zoning open the door to creativity and future value.Located in the heart of Gresham, one of Oregon’s fastest-growing cities, this property is poised to benefit from the region’s significant housing shortage. Gresham’s combination of strong community roots, expanding amenities, proximity to Portland, and rising demand for housing make it a prime location for new home development. With more people looking to call Gresham home, this property offers both immediate enjoyment and long-term potential.Whether you’re a homeowner seeking to leverage development to pay for your dream home, or an investor ready to seize one of the last remaining large parcels in the city, this property is a rare opportunity in today’s market.

Listing Agent

Stephanie Peck

eXp Realty, LLC Brokerage Phone: 503-832-0180 License #200708180 Listed on: 10/02/2025

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,900

Year Built

  • Built in 1987

Lot Details

  • 1.83 Acre Lot
  • Level Lot
  • Private Yard
  • Property is zoned LDR-7

Parking

  • 3 Car Attached Garage
  • Appliances in Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,046 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Territorial Views
  • Crawl Space

Kitchen

  • Built-In Double Oven
  • Down Draft Cooktop
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Cooking Island
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Covered Deck
  • Gazebo
  • Porch

Schools

  • Butler Creek Elementary School
  • Centennial Middle School
  • Centennial High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R340427

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,900

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1987
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 3.0
  • Fireplaces: 2
  • Interior Amenities: CeilingFan, GarageDoorOpener, Granite, LaminateFlooring, VaultedCeiling, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: Den
  • Room 5 Level: Main
  • Room 6 Description: _5thBedroom
  • Room 6 Level: Upper
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows
  • Appliances: ApplianceGarage, BuiltinOven, CookIsland, Cooktop, Dishwasher, DoubleOven, DownDraft, FreeStandingRefrigerator, Granite, Island, PlumbedForIceMaker, StainlessSteelAppliance
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: Acres1to3
  • Additional Room 10 Level: Main
  • 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: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: CoveredDeck, Deck, Gazebo, Porch, RVParking, RVBoatStorage, Yard
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter
  • R V Description: RVParking
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OffStreet
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas,Tankless
  • Internet Service Type: DSL
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Butler Creek
  • High School: Centennial
  • Middle Or Junior School: Centennial

Lot Info

  • Zoning: LDR-7
  • Land Lease: No
  • Lot Size Acres: 1.83
  • Lot Size Sq Ft: 79714.0
  • Parcel #: R340427

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8899.86

Matterport 3D Tour

Floorplans

Map

Range of Values:

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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
2025 $9,292 $490,680 -- --
2024 $8,900 $476,390 -- --
2023 $8,013 $462,520 $0 $0
2022 $7,717 $449,050 $0 $0
2021 $7,746 $435,980 $0 $0
2020 $7,132 $423,290 $0 $0
2019 $6,958 $410,970 $0 $0
2018 $6,673 $399,000 $0 $0
2017 $6,450 $387,380 $0 $0
2016 $6,261 $376,100 $0 $0
2015 $6,094 $365,150 $0 $0
2014 $5,947 $354,520 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $1,500,000 -- $492 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- --
Bargain Sale Deed -- Transnation Title Agency Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $320,000 Fannie Mae Freddie Mac
Source: Public Records

About the Listing Agent

Stephanie Peck

eXp Realty, LLC

(971) 316-4822

Section Image

Meet Stephanie, Your Trusted Real Estate Advisor.

With a passion for community and a commitment to excellence, Stephanie is your dedicated partner in all your real estate endeavors. As a proud member of the Portland Metro Community for her whole life, Stephanie brings a deep understanding of the local market and a genuine love for the area to every client interaction.

Driven by a philosophy of service and integrity, Stephanie believes in building lasting relationships with her

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 356304683

Regional Multiple Listing Service (RMLS)

APN: R340427