For Sale5d on market
640 SE 40th Ter
Gresham, OR, 97080 • Gresham Butte • Multnomah County
$699,000
$267/sqft
Down payment assistance available
2Beds
3Baths
2,617Sqft
0.16 acLot
2003Built
Property DNA
Scenic Views
Golf Course · Mountain(s) · Trees/Woods
Craftsman,Daylight Ranch Style
Built 2003 · 23 years of history
Outdoor Living
Covered Patio · Deck
1 Fireplace
Gas
2-Car Garage
Driveway · On Street · Garage Door Opener · Attached · Oversized
Premium Finishes
Granite
Hardwood & Tile Floors
Quality flooring throughout
This home is in high demand
Listed 5 days ago · 677 views · 18 saves · Top 10% likely to sell soon
Market activity
Demand and pricing signals for this listing
677 views
People checking out this listing
18 saves
Buyers have saved this home
5 days on market
Just listed — act fast
$267/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 10% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 2003
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!
Standout features identified
Our analysis highlights modern appliances, welcoming fireplace, and bonus room as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,821/month
Principal & Interest$3,519
Property Tax$699
Insurance$233
HOA$370
Down payment20% ($139,800)
3%50%
Est. 6.46% rate · 30yr fixed · $559,200 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built2003
HeatingForced Air, Radiant
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$4,436 annually
Lot6,969 sqft
Days on Zillow5 Days
Price/sqft$267
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleCraftsman,Daylight Ranch
ConditionResale
Year built2003
Stories2
Systems
HeatingForced Air, Radiant
CoolingCentral Air
RoofComposition
ConstructionCedar, Shingle Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway, On Street, Garage Door Opener, Attached, Oversized
Garage2 spaces
BasementDaylight
Fireplaces1
Lot6,969 sqft
Location & Tax
NeighborhoodGresham Butte
Annual tax$8,663
ParcelR242797
Bathrooms & Fees
Full baths2
Partial baths1
HOA$370/mo
Features & details
15 categories of property features
Interior Features
Interior
Central Vacuum
Granite
High Speed Internet
Ceiling Fan(s)
Vaulted Ceiling(s)
Appliances
Convection Oven
Dishwasher
Disposal
Instant Hot Water
Microwave
Gas Appliances
Free-Standing Range
Free-Standing Refrigerator
Gas Water Heater
Flooring
Hardwood
Tile
Wall to Wall Carpet
Heating
Forced Air
Radiant
Cooling
Central Air
Laundry
Laundry Room
Fireplace
Gas
Windows
Double Pane Windows
Vinyl Frames
Accessibility
Builtin Lighting
Garage On Main
Main Floor Bedroom Bath
Natural Lighting
Walkin Shower
Accessibility
Exterior Features
Parking
Driveway
On Street
Garage Door Opener
Attached
Oversized
Construction
Cedar
Shingle Siding
Patio & Porch
Covered Patio
Deck
Lot Features
Gentle Sloping
Golf Course
Sprinkler
SqFt 7000 to 9999
Views
Golf Course
Mountain(s)
Trees/Woods
Gas
Gas
Room details
4 rooms detailed
Master Bedroom
MainDeckEnsuiteVaulted CeilingWallto Wall Carpet
Bedroom2
LowerCeiling FanWallto Wall Carpet
Dining Room
MainHardwood FloorsVaulted Ceiling
Kitchen
MainDishwasherGas AppliancesInstant Hot WaterMicrowaveFree Standing RangeFree Standing RefrigeratorGranite
Listing insights
Market data and value estimates
StatusFor Sale
Days on market5
Tax rate0.96%
Price/sqft$267
On marketMar 27, 2026
PostedMar 27, 2026
Last sold$383,000
MLS statusActive
MLS updatedMar 31, 2026
Tour days9
Views677
Favorites18
How are the schools in Gresham?
3 schools rated nearby
Location
Gresham, OR, 97080
Price history
5 events
DateEventPrice$/sqftSource
Mar 27, 2026Listed For Sale$699,000$267RMLS (OR)
Jul 8, 2013Sold$383,000$146RMLS (OR)
Jun 5, 2013Pending Sale$395,000$151Coldwell Banker Barbara Sue Seal Properties
Mar 22, 2013Listed For Sale$395,000$151Coldwell Banker Barbara Sue Seal Properties
Mar 20, 2002Sold$80,000$31Public Record
Listed For Sale$699,000
Mar 27, 2026•$267/sqft•RMLS (OR)
Sold$383,000
Jul 8, 2013•$146/sqft•RMLS (OR)
Pending Sale$395,000
Jun 5, 2013•$151/sqft•Coldwell Banker Barbara Sue Seal Properties
Listed For Sale$395,000
Mar 22, 2013•$151/sqft•Coldwell Banker Barbara Sue Seal Properties
Sold$80,000
Mar 20, 2002•$31/sqft•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 1, 2025$8,664$425,750
Apr 1, 2024$8,293$413,350
Apr 1, 2023$7,556$401,320
Apr 1, 2022$7,345$389,640
Apr 1, 2021$7,160$378,300
Apr 1, 2020$6,737$367,290
Apr 1, 2019$6,561$356,600
Apr 1, 2018$6,561$346,220
Apr 1, 2017$6,255$336,140
Apr 1, 2016$5,291$326,350
Apr 1, 2015$5,291$316,850
Apr 1, 2014$5,177$307,630
Apr 1, 2013$4,484$280,220
Apr 1, 2012$4,361$277,360
Apr 1, 2011$4,400$280,050
Apr 1, 2010$4,678$288,780
Apr 1, 2009$4,563$280,370
Apr 1, 2008$4,446$272,210
Apr 1, 2007$4,557$264,290
Apr 1, 2006$4,433$256,600
Apr 1, 2005$4,262$249,130
Apr 1, 2004$4,216$241,880
Apr 1, 2003$2,918$168,910
Apr 1, 2002$1,205$69,290
Apr 1, 2000$1,110$65,330
Nearby homes
Neighborhood details
Local context around this listing
Gresham, OR • Multnomah County
Nearby neighborhoods
CentennialGresham ButteHollybrookKelly CreekMount HoodNorth CentralNortheastNorthwestPowell ValleySouthwest
Nearby cities
Bridal VeilCorbettFairviewGreshamPortlandRhododendronTroutdaleWood Village
Nearby zip codes
97030970809723097233
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