$699,000
OPEN SUN 12PM - 2PM

640 SE 40th Terrace Gresham, OR 97080

Gresham Butte Neighborhood

Estimated payment $4,828/month

Total Views 304
2 Beds
2.5 Baths
2,617 Sq Ft
$267 Price per Sq Ft

Highlights

  • Very Popular Property
  • Golf Course View
  • Deck
  • Golf Course Community
  • Craftsman Architecture
  • Wood Flooring

About This Home

Experience resort-style living in this gorgeous Villa, which boasts its prime location backing onto the esteemed Persimmon Golf Course. This season offers an ideal opportunity to utilize the updated and expansive rear deck, perfect for enjoying the scenic views of the golf course. The thoughtfully designed, spacious floor plan features a den, soaring ceilings, a gourmet kitchen complete with granite countertops and modern appliances. The greatroom features: hardwood flooring, a welcoming fireplace, a primary suite on the main level, and a dedicated laundry area. The lower level is fully appointed with a generously sized family room, an additional bedroom, a full bathroom featuring a jetted tub, ample storage, and a bonus room. This specific residence is unique as the only villa with an extra-wide garage, providing additional space for convenience or storage. Equipped with Solar panels and a great savings on your electricity bill!! Golf and social memberships are sold separately. Call today for more information or your personal tour!

Listing Agent

Bev Blume

Keller Williams Realty Portland Elite Brokerage Phone: 503-482-8005 License #200712177 Listed on: 03/27/2026

Keller Williams Realty Portland Elite

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,664

Year Built

  • Built in 2003

Lot Details

  • 6,969 Sq Ft Lot
  • Gentle Sloping Lot
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage on Main Level
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Property Views

  • Golf Course
  • Woods
  • Mountain

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,617 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Natural Light
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Natural lighting in basement

Kitchen

  • Convection Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Accessible Home Design

  • Accessibility Features

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Hogan Cedars Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R242797

Community Details

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,664

Year Built

Built in 2003

Lot Details

6,969 Sq Ft Lot

HOA Fees

$370 per month

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 2003
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Craftsman, DaylightRanch
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 699000.0
  • Open House: Yes
  • Room 11 Features: Dishwasher,GasAppliances,InstantHotWater,Microwave
  • Room 13 Features: Deck
  • Room 7 Features: CeilingFan
  • Room 9 Features: HardwoodFloors
  • Room14Features: BuiltinFeatures,Deck,Fireplace,HardwoodFloors
  • Room 14 Level: Main
  • Special Features: OpenHouse

Interior Features

  • Accessibility Features: BuiltinLighting, GarageonMain, MainFloorBedroomBath, NaturalLighting, WalkinShower
  • Total Bathrooms: 2.1
  • Fireplaces: 1
  • Interior Amenities: CentralVacuum, GarageDoorOpener, Granite, HardwoodFloors, HighSpeedInternet, JettedTub, Laundry, TileFloor, WalltoWallCarpet
  • Room 4 Description: BonusRoom
  • Room 4 Level: Lower
  • Room 5 Description: Laundry
  • Room 5 Level: Main
  • Room 6 Description: Storage
  • Room 6 Level: Lower
  • Basement: Daylight
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: ConvectionOven, Dishwasher, Disposal, Granite, InstantHotWater, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Association Contact: April Lampert
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.1
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt7000to9999
  • Room 11 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,ShingleSiding
  • Exterior Features: CoveredPatio, Deck, Sprinkler
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GentleSloping, GolfCourse
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: GolfCourse,Mountain,TreesWoods

Garage/Parking

  • Garage Type: Attached,Oversized
  • Parking Description: Driveway, OnStreet
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir, Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee: 3418.0
  • Association #2 Fee Frequency: Annually
  • Association Fee: 1018.0
  • Association Fee Frequency: Annually
  • Association Name: Persimmon Country Club
  • Phone: 503-445-1211
  • Association: Yes
  • Association Email: CMI@communitymgt.com

Association/Amenities

  • AssociationAddress: 2105 SE 9th Ave
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Hogan Cedars
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Farm: No
  • Land Lease: No
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R242797

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 8663.85

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $8,664 $425,750 -- --
2024 $8,293 $413,350 -- --
2023 $7,556 $401,320 $0 $0
2022 $7,345 $389,640 $0 $0
2021 $7,160 $378,300 $0 $0
2020 $6,737 $367,290 $0 $0
2019 $6,561 $356,600 $0 $0
2018 $6,255 $346,220 $0 $0
2017 $6,002 $336,140 $0 $0
2016 $5,291 $326,350 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2026 03/27/26 For Sale $699,000 -- $267 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $383,000 Chicago Title Company Oregon
Warranty Deed $80,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $283,000 New Conventional
Source: Public Records

About the Listing Agent

Bev Blume
Bev Blume

Keller Williams Realty Portland Elite

(971) 265-9359

Section Image

Bev cares deeply about understanding your story, your background, your needs, and then your goal. Bev has been involved in the residential construction industry for a large portion of her professional career. As an owner of a custom home construction company, Bev has always had an eye for the details. Bev always provides top-notch customer service and makes sure customers are 100% satisfied with their investments.

Her transition into real estate has been timely and beneficial to buyers

View Bev's Profile

Bev's Other Listings

  • 511 SE 15th St, Gresham, OR 97080

    $634,900

    • 3 Beds
    • 2 Baths
    • 2,047 Sq Ft
    • 511 SE 15th St
    • Gresham, OR

    Gorgeous 3 bed 2 bath home with picturesque views. Updates throughout include new architectural style roof, flooring (includes LVP and carpet), Milgard windows, interior and exterior paint, lights and lighting system, designer light switches and outlets and new timbertech deck with aluminum rail. This floor plan lives large and offers versatility! Plenty of space for everyone with two full living

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 2245 SE Wendy Dr, Gresham, OR 97080

    $492,500 Under Contract

    • 3 Beds
    • 2 Baths
    • 1,624 Sq Ft
    • 2245 SE Wendy Dr
    • Gresham, OR

    GIANT GARAGE/SHOP!!! Car Enthusiasts! Wood workers!! Crafters! Hobby Business!! Don't miss out on this sprawling single level home on a level .23 acre lot! All the rooms! 3 bedrooms, 2-1/2 baths, Living room, family room, dining room, kitchen with ample eating area with sliding door to a front courtyard! And don't forget the amazing detached garage! A very rare find!! This one is 20x35! Complete

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 900 NE Francis Ave Unit 63, Gresham, OR 97030

    $164,900

    • 3 Beds
    • 2 Baths
    • 1,848 Sq Ft
    • 900 NE Francis Ave
    • Unit 63
    • Gresham, OR

    Welcome home to this large 1848 square foot 3 bedroom 2 bath double wide home in Green Tee Estates! Complete with Wall to wall carpeting, vaulted ceilings, huge kitchen with island and pantry! This abundant floorplan also features, a formal dining area, living room and family room. Spacious front covered deck and tandem carport, along with storage sheds and small backyard for your garden!! Space

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 361 SW Nancy Ave, Gresham, OR 97030

    $489,000 Pending

    • 3 Beds
    • 2 Baths
    • 1,552 Sq Ft
    • 361 SW Nancy Ave
    • Gresham, OR

    Welcome home to this adorable single level home! 3 bedroom, 2 baths, Vaulted and sunken living room, large kitchen with eat in nook and family room with cozy gas stove! Sliding patio door leads to covered patio and backyard! Furnace and AC are new in 2024. Electrical panel replaced in 2023, Milgard windows in 1994. Your family will love it here! Close to schools, transportation, great food and

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 4211 SE 322nd Ave, Troutdale, OR 97060

    $669,900

    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft
    • 4211 SE 322nd Ave
    • Troutdale, OR

    Perched high on the hill, this 9.81 acre parcel, features an amazing view of Mt Hood! Kitchen features cherry cabinets, granite counters and gas (propane) cooking! Hardi Plank siding, vinyl windows and newer roof! Detached shop features furnace and AC!! Bring your imagination, tool belt and make this home yours!!! Tax map shows 2 lots. Buyer to verify all details.

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 1267 NE 183rd Ave Unit 1273, Portland, OR 97230

    $725,000

    • 8 Beds
    • 4 Baths
    • 1267 NE 183rd Ave
    • Unit 1273
    • Portland, OR

    OWNER-OCCUPANT/INVESTOR OPPORTUNITYThis well-maintained, single-level four-plex features four 2-bedroom, 1-bathroom units.Key Features & Updates:Units: Four 2-bedroom, 1-bath units.Parking: Each unit includes a private single-car garage, plus ample additional parking available.Recent Building Updates: New windows, updated electrical panels, and new garage doors.Interior Updates: Two units have

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 15156 SE Shale Dr, Damascus, OR 97089

    $429,900

    • 3 Beds
    • 2.5 Baths
    • 1,588 Sq Ft
    • 15156 SE Shale Dr
    • Damascus, OR

    Gorgeous end unit townhouse in Windswept Waters with backyard access to parks, walking trails and more. You'll love hanging out in the backyard, tending your garden and relaxing on a stone paver patio and no backyard neighbor!! Spacious great room with high ceilings and cozy gas fireplace, opens to nice kitchen with stainless appliances and island. Upstairs has an impressive sized primary bedroom

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 16433 S Forsythe Rd, Oregon City, OR 97045

    $1,350,000

    • 4 Beds
    • 4 Baths
    • 3,694 Sq Ft
    • 16433 S Forsythe Rd
    • Oregon City, OR

    Stunning panoramic views of downtown Portland and the surrounding valley define this exceptional 11.58 acre Oregon City estate. Formerly a tree farm, this rare agricultural-zoned acreage offers privacy, natural beauty, and versatile potential uses (buyer to verify). The 4 bedroom, 4 bath residence showcases solid construction and enduring character, providing an ideal canvas for thoughtful

    Bev Blume Keller Williams Realty Portland Elite

    Section Image
  • 7874 SE Sporri Ln Unit 15, Milwaukie, OR 97267

    $499,900

    • 4 Beds
    • 2.5 Baths
    • 2,082 Sq Ft
    • 7874 SE Sporri Ln
    • Unit 15
    • Milwaukie, OR

    Step into this adorable home and plan to stay awhile! Development is labeled as Condominium, and all homes are detached. Well cared for neighborhood and community feel in close in Milwaukie, close to all amenities and transportation. Great room concept, features beautiful laminate floors, cozy fireplace, spacious kitchen with gas range, microhood, pantry and granite tile countertops. Backyard is

    Bev Blume Keller Williams Realty Portland Elite

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 272454282

Regional Multiple Listing Service (RMLS)

APN: R242797

Oregon Multnomah County Gresham 97080 Gresham Butte

640 SE 40th Terrace, Gresham, OR

For Sale

Detached

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 © 2026 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.

Nearby Homes
Bev Blume
Bev Blume
Listing Agent Section Image
Keller Williams Realty Portland Elite
(971) 265-9359
Your Personal Tour Guide

Ask me questions while you tour the home.