640 SE 40th Terrace Gresham, OR 97080
Gresham Butte NeighborhoodEstimated payment $4,350/month
Highlights
- Living Room
- Dining Room
- Wood Siding
- Forced Air Heating and Cooling System
- Family Room
About This Home
Experience resort-style living in this gorgeous Villa, which boasts its prime location right on the 1st fairway on 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 (that saved just over $1000 annually on electric bills) 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
Keller Williams Realty Portland Elite Brokerage Phone: 971-888-1834 License #201223373 Listed on: 08/11/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,664
Year Built
- Built in 2003
Lot Details
- 6,969 Sq Ft Lot
Parking
- 2 Car Garage
Home Design
- Wood Siding
Interior Spaces
- 2,617 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
Bedrooms and Bathrooms
- 2 Bedrooms
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
Community Details
- Property has a Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R242797
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2015 | $5,177 | $316,850 | $0 | $0 |
| 2014 | $5,051 | $307,630 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2026 08/11/26 | Pending | -- | -- | -- |
| 08/11/2026 08/11/26 | For Sale | $699,000 | -- | $267 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Credit Line Revolving | |
| Previous Owner | $283,000 | New Conventional |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 170706201
APN: R242797
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.
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.
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