640 SE 40TH TER, Gresham, OR 97080 | MLS #272454282 | Berkshire Hathaway HomeServices Real Estate Professionals
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Listing provided courtesy of Keller Williams Realty Portland Elite- MLS# 272454282MLS ProviderContact Information: 503-482-8005

640 SE 40TH TERGresham, OR 97080

Single Family · 2 Beds · 2 Full Baths · 1 Partial Bath · 2,617 Sq. ft. | 0.16 Acres
$689,000 Active

640 SE 40TH TER Overview

Time on Site:
94 days
Visits:
1

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!

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640 SE 40TH TER Facts & Features

  • Type Single Family
  • Sq. ft. 2,617
  • Price/Sq.ft. $263
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association Fee: 1018.0
  • Association Fee 2: 3418.0
  • Association Fee 2 Frequency: Annually
  • Association Fee Frequency: Annually

School Information

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

Building Information

  • Year Built: 2003

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 144 - Gresham, Sandy, Troutdale, Corbett

Tax Information

  • Tax Annual Amount: 8663.85
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: R242797
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 2.0

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Partial: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 2617.0

General Information

  • Accessibility Features: Built-in Lighting,Garage on Main,Main Floor Bedroom w/Bath,Natural Lighting,Walk-in Shower
  • Appliances: Convection Oven,Dishwasher,Disposal,Granite,Instant Hot Water,Microwave
  • Basement: Daylight
  • Cooling: Central Air
  • Fireplace Features: Gas
  • Fireplaces Total: 1
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air,Radiant
  • Interior Features: Central Vacuum,Garage Door Opener,Granite,Hardwood Floors,High Speed Internet,Jetted Tub,Laundry,Tile Floor,Wall to Wall Carpet
  • Stories: 2
  • Window Features: Double Pane Windows,Vinyl Frames

Exterior

Parking Information

  • Parking Features: Driveway,On Street
  • Parking Total: 2.0

Lot Information

  • Lot Features: Gentle Sloping,Golf Course
  • Lot Size Acres: 0.16
  • Lot Size Square Feet: 6969.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Craftsman,Daylight Ranch
  • Roof: Composition

General Information

  • Exterior Features: Covered Patio,Deck,Sprinkler
  • Sewer: Public Sewer

640 SE 40TH TER Neighborhood

Community

97080 (Gresham) Demographics

40
Median Age
2,066
Population Density (per sq. mile)
39%
College Educated
$78,579
Estimated Median Income
11,646
Estimated Total Home Owners
4,099
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

640 SE 40TH TER Monthly Cost

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$ %
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$
$
Greg Bowyer
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

640 SE 40TH TER Market Data

Based on the last 30 days in this zip code

$563,875
Average List Price
$259
Average Price per Square Foot
47
Properties Sold
81
Average Days on Market
244
Properties for Sale
Calculations provided by Reliance Network

640 SE 40TH TER History

Date Event Value Agent
6/18/2026Source: Regional MLS Price Reduction
$689,000 -1.4%
3/27/2026Source: Regional MLS Added to Database
March 27, 2026