3948 SE Wake St Milwaukie, OR 97222
Ardenwald NeighborhoodEstimated payment $3,112/month
Highlights
- Very Popular Property
- Vaulted Ceiling
- 3 Fireplaces
- In Ground Pool
- Wood Flooring
- 5-minute walk to Ardenwald Park
About This Home
OPPORTUNITY KNOCKS!!! HUGE UPSIDE POTENTIAL. This spacious Milwaukie home is ideally located within walking distance to Ardenwald Elementary. Offering versatility and room to grow, this residence features three bedrooms and 1.5 bathrooms on the main level, complemented by a traditional living room plus a large family room addition with soaring vaulted ceilings—perfect for gatherings and everyday living. The lower level adds even more flexibility with an additional bedroom, full bathroom, and a generous living space, ideal for guests, extended family, or a home office setup. Set on a sizable lot, the property boasts an in-ground pool for summer enjoyment, a one-car attached garage, and the added benefit of Clackamas County taxes. With solid bones and plenty of square footage, this home presents a fantastic opportunity to increase value through cosmetic updates and personalization. Don’t miss this chance to own a property that combines convenience, space, and potential—all in a desirable Milwaukie neighborhood.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,850
Year Built
- Built in 1956
Lot Details
- Level Lot
- Private Yard
Parking
- 1 Car Attached Garage
- Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Slab Foundation
- Shingle Roof
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,572 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- 3 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- In Ground Pool
- Outbuilding
Schools
- Ardenwald Elementary School
- Rowe Middle School
- Milwaukie High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
- High Speed Internet
Community Details
- No Home Owners Association
- Ardenwald / Milwaukie Subdivision
Listing and Financial Details
- Assessor Parcel Number 00003846
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,850 | $267,290 | -- | -- |
| 2023 | $5,850 | $259,505 | $0 | $0 |
| 2022 | $5,403 | $251,947 | $0 | $0 |
| 2021 | $5,213 | $244,609 | $0 | $0 |
| 2020 | $5,052 | $237,485 | $0 | $0 |
| 2019 | $4,976 | $230,568 | $0 | $0 |
| 2018 | $4,425 | $223,852 | $0 | $0 |
| 2017 | $4,298 | $217,332 | $0 | $0 |
| 2016 | $4,154 | $211,002 | $0 | $0 |
| 2015 | $3,956 | $204,856 | $0 | $0 |
| 2014 | $3,752 | $198,889 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $495,000 | -- | $192 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $234,550 | Fidelity Natl Title Co Of Or |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $231,432 | FHA |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 740237152
APN: 00003846
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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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