4396 SE 1st Terrace Gresham, OR 97080
Powell Valley NeighborhoodEstimated payment $3,803/month
Highlights
- Deck
- Wood Flooring
- Corner Lot
- Vaulted Ceiling
- Hydromassage or Jetted Bathtub
- 1-minute walk to East Gresham Park
About This Home
Discover the perfect blend of stability and space in this meticulously maintained, original-owner Gresham home. Situated on a large corner lot, this 2,327 sq. ft. residence offers 4 bedrooms and 3 full bathrooms across a thoughtful three-level layout. Pride of ownership is evident in every detail, with significant investments providing peace of mind: a new roof (2022), exterior paint and gutters (2018), and a deck replacement (2017). The home is move-in ready with a new dishwasher and disposal (2021), a 2011 gas water heater, and a professional AC/furnace tune-up completed in 2025. As you pull up, the 3-car garage offers ample space for vehicles and hobbies, while the manicured yard stays lush with a built-in sprinkler system. Inside, the main floor features a bright living room with a classic bay window and a formal dining area. The kitchen includes tile countertops, a gas range, and a cozy breakfast nook leading to the backyard. The upper level serves as a private retreat with a spacious primary suite boasting high ceilings, a walk-in closet, and an ensuite with double sinks and a jetted tub. Two additional bedrooms and a second full bath complete the top floor. The lower level provides excellent separation with a large family room, gas fireplace, 4th bedroom, and a third full bath—perfect for guests or a quiet home office. The outdoor oasis features a massive deck, a soothing water feature, and a Tuff Shed (2001) for extra storage, all within a fully fenced yard. Enjoy easy access to Historic Downtown Gresham, the Springwater Corridor, and the Gresham Japanese Garden. Whether you are a first-time buyer or re-entering the market, this home offers the transparency and care you deserve. Let’s have a quiet conversation about your goals and see if this Gresham gem is your next chapter.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,464
Year Built
- Built in 1997
Lot Details
- 7,405 Sq Ft Lot
- Corner Lot
- Level Lot
- Sprinkler System
- Private Yard
- Property is zoned LDR
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Driveway
- On-Street Parking
Home Design
- Composition Roof
- Lap Siding
- Concrete Perimeter Foundation
- Wood Composite
Interior Spaces
- 2,327 Sq Ft Home
- 3-Story Property
- Vaulted Ceiling
- Gas Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Bay Window
- Family Room
- Living Room
- Dining Room
Kitchen
- Breakfast Area or Nook
- Stove
- Free-Standing Range
- Microwave
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- Hydromassage or Jetted Bathtub
Laundry
- Laundry Room
- Washer and Dryer
Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Outdoor Features
- Deck
- Outdoor Water Feature
- Shed
Schools
- Powell Valley Elementary School
- Gordon Russell Middle School
- Sam Barlow High School
Utilities
- 90% Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R168541
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 |
|---|---|---|---|---|
| 2025 | $7,464 | $366,790 | -- | -- |
| 2024 | $7,145 | $356,110 | -- | -- |
| 2023 | $6,509 | $345,740 | $0 | $0 |
| 2022 | $6,327 | $335,670 | $0 | $0 |
| 2021 | $6,168 | $325,900 | $0 | $0 |
| 2020 | $5,804 | $316,410 | $0 | $0 |
| 2019 | $5,652 | $307,200 | $0 | $0 |
| 2018 | $5,389 | $298,260 | $0 | $0 |
| 2017 | $5,170 | $289,580 | $0 | $0 |
| 2016 | $4,559 | $281,150 | $0 | $0 |
| 2015 | $4,460 | $272,970 | $0 | $0 |
| 2014 | $4,206 | $263,300 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | Price Changed | $599,900 | -2.4% | $258 / Sq Ft |
| 03/16/2026 03/16/26 | Price Changed | $614,900 | -1.6% | $264 / Sq Ft |
| 02/24/2026 02/24/26 | Price Changed | $624,900 | -1.6% | $269 / Sq Ft |
| 01/05/2026 01/05/26 | Price Changed | $635,000 | -2.2% | $273 / Sq Ft |
| 12/12/2025 12/12/25 | For Sale | $649,500 | -- | $279 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $216,418 | Oregon Title Insurance Co | |
| Corporate Deed | $37,000 | Oregon Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $173,100 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 223376764
APN: R168541
- 191 SE Acacia Dr
- 195 SE Acacia Dr
- 4343 NE 1st St
- 289 SE Acacia Dr
- 150 NE Greenway Dr
- 295 SE Baker Ave
- 377 SE Barnes Ave
- 64 NE Scott Dr
- 4545 SE 3rd St
- 800 SE Greenway Dr
- 499 NE Williams Rd
- 600 SE Arrow Creek Ln
- 3825 NE 2nd St
- 4057 NE 5th Dr
- 275 NE Scott Dr
- 0 SE Powell Valley Rd Unit 257585008
- 205 SE Olvera Ave
- 100 NE Kane Dr Unit 100
- 4177 SE 12th St
- 4668 SE 2nd St
- 687 SE Barnes Ave
- 3604 SE Powell Valley Rd
- 3532 NE Division St
- 805 NE Kane Dr
- 765 SE Mount Hood Hwy
- 1717 SE Orient Dr
- 2831 SE Palmquist Rd
- 3500 NE 17th St
- 5883 SE 16th Lp
- 1441 NE Paropa Ct
- 1649 SE Night Heron Way
- 2410 SE 9th Ct
- 1965-1965 NE Kane Dr Unit 1965
- 755 SE Hogan Rd
- 3181 NE 23rd St
- 2950 NE 23rd St
- 1999 NE Division St
- 2793 NE 22nd Ct
- 2976 SE Condor Ave
- 1519 SE Roberts Dr
Ask me questions while you tour the home.