640 SE 40th Ter

Gresham, OR 97080

$699,000
Price
2
Beds
2,617 Sq. Ft.
$267 / Sq. Ft.
2,617
Sq. Ft.
$267
per Sq. Ft.
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Open: 3/29 12:00PM - 02:00PM
Open: 3/29 12:00PM - 02:00PM

Description

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,...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!
  1. Listed by Bev Blume • Keller Williams Realty Portland Elite • 503-482-8005

Property Details for 640 Southeast 40th Terrace

Style
Craftsman, Daylight Ranch
Parking Features
Driveway, On Street
View
Golf Course, Mountain, Trees Woods
Garage Spaces
2.00
Parking Total
2.00

Open Houses

Sunday, Mar 29th12:00 PM - 2:00 PM
PublicView contact
LISTING UPDATED: 03/28/2026 12:12 AM

Property Details for 640 Southeast 40th Terrace

StatusActive
MLS #272454282
Days on Market1
Taxes$8,664 / year
HOA Fees$1,018 / year
Condo/Co-op Fees$3,418 / year
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2003
Lot Size0.16 AC / 6,969 SF
CountyMultnomah County
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Location

Listing Courtesy of Keller Williams Realty Portland Elite
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Building Information for 640 Southeast 40th Terrace

Stories2Year Built2003Building Size-Lot Size0.16 AC / 6,969 SF

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$4,484 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,392

Property Taxes

$722

HOA Dues

$370

The Payment Calculator is for illustrative purposes only.

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Property Information for 640 Southeast 40th Terrace

Summary
Location and General Information
  • Accessibility Features: Builtin Lighting, Garageon Main, Main Floor Bedroom Bath, Natural Lighting, Walkin Shower
  • Country: US
  • Directions: SE Hogan Rd to SE Butler Rd, left onto 40th Terrace. Extra parking at each of the rd
  • Road Surface: Paved
School Information
  • Elementary School: Hogan Cedars
  • High School: Gresham
  • Middle Or Junior School: Dexter Mc Carty
Parking
  • Garage Type: Attached, Oversized
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $8,663.85
  • Parcel Number: R242797
  • Association Fee: $1,018.00
  • Association Fee Frequency: Annually
  • Other Fee: $3,418
  • Association Other Fee Frequency: Annually
  • Association Status: Active
  • Association Contact: April Lampert
  • Association Name: Persimmon Country Club
  • Association Phone: 503-445-1211
  • Association Email: CMI@communitymgt.com
  • Association Address: 2105 SE 9th Ave
  • Tax Legal Description: PERSIMMON NO 4, LOT 130
Property
Lot Information
  • Acres: 0.16
  • Lot Description: Gentle Sloping, Golf Course
  • Lot Size Square Feet: 6969.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
  • SqFt Source: prev
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 2003
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air, Radiant
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar, Shingle Siding
  • Exterior Features: Covered Patio, Deck, Sprinkler
  • Roof Type: Composition
Interior Features
  • Basement: Daylight
  • Foundation Details: Concrete Perimeter
  • Window Features: Double Pane Windows, Vinyl Frames
  • Fireplace Description: Gas
  • Fireplaces Total: 1
  • Interior Features: Central Vacuum, Garage Door Opener, Granite, Hardwood Floors, High Speed Internet, Jetted Tub, Laundry, Tile Floor, Wallto Wall Carpet
  • SqFt Calculated: 1555
  • SqFt Lower Level Total: 1062
  • SqFt Main Level Total: 1555
  • SqFt Upper Level Total: 0
  • Bedrooms Total: 2
  • Stories: 2
  • Baths Total: 2.1
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Additional Features: Ensuite, Vaulted Ceiling, Wallto Wall Carpet
  • Primary Bedroom Level: Main
  • Primary Bedroom Features: Deck
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Level: Lower
  • 2nd Bedroom Features: Ceiling Fan
  • 2nd Bedroom Additional Features: Wallto Wall Carpet
Dining Room
  • Room Description: Dining Room
  • Dining Room Features: Hardwood Floors
  • Dining Room Additional Features: Vaulted Ceiling
  • Dining Room Level: Main
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Convection Oven, Dishwasher, Disposal, Granite, Instant Hot Water, Microwave
  • Kitchen Room Features: Dishwasher, Gas Appliances, Instant Hot Water, Microwave
  • Kitchen Room Additional Features: Free Standing Range, Free Standing Refrigerator, Granite
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
Baths
  • Baths Lower Level Full: 1
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 1.0
  • Baths Main Level Full: 1
  • BathsMainLevelPartial: 1
  • Baths Main Level Total: 1.1
  • Bathrooms Full: 2
  • Baths Partial: 1
  • Total Bathrooms: 3
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Additional Room 1
  • Additional Room 1 Description: Bonus Room
  • Additional Room 1 Level: Lower
Additional Room 2
  • Additional Room 2 Description: Laundry
  • Additional Room 2 Level: Main
Additional Room 3
  • Additional Room 3 Description: Storage
  • Additional Room 3 Level: Lower
Additional Room 4
  • Additional Room 4 Additional Features: Wallto Wall Carpet
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 2617

Property History for 640 Southeast 40th Terrace

DateEvent & SourcePriceAppreciation
Jul 8, 2013

Sold (Public Record)

Public Record #355930737

$383,000

+14.9% / yr

Mar 20, 2002

Sold (Public Record)

Public Record #85347659

$80,000—
DateEvent & SourcePrice
07/08/2013

Sold (Public Record)

Public Record #355930737

$383,000

+14.9% / yr

03/20/2002

Sold (Public Record)

Public Record #85347659

$80,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 640 Southeast 40th Terrace

Taxable ValueLand-Additions-Total-
Tax Record2025$8,664 ($722 / month)
Home Facts
Beds2Baths2.5Total Finished SqFt3,679 SqFtAbove Grade Finished SqFt2,617 SqFtFinished Basement SqFt1,062 SqFtStories1Lot Size6,794 SqFtStyleSingle Family ResidenceYear Built2003ZoningLDRCountyMULTNOMAHAPN1S3E22BD 03100Fireplace TypeHas Fireplace

Schools near 640 Southeast 40th Terrace

This home is within Gresham-Barlow School District 10j.
Rating
School
Type
Grades
Distance
Hogan Cedars Elementary School
Public - K to 5
Dexter Mccarty Middle School
Public - 6 to 8
Gresham High School
Public - 9 to 12
Springwater Trail High School
Public - 9 to 12
Rating
School
Distance
Hogan Cedars Elementary School
PublicK to 5

Dexter Mccarty Middle School
Public6 to 8

Gresham High School
Public9 to 12

Springwater Trail High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 640 Southeast 40th Terrace, Gresham, OR 97080

640 Southeast 40th Terrace is a single family home for sale in Gresham, OR 97080. This property was listed for sale on March 27, 2026 by Keller Williams Realty Portland Elite, it's currently listed at $699,000. It has been on the market for a total of 1 days and was last sold on July 8, 2013. This listing's school district is Gresham-Barlow School District 10j. Nearby schools include Hogan Cedars Elementary School, Dexter Mccarty Middle School and Gresham High School. 640 Southeast 40th Terrace is a 2-bed, 3-bath, 2,617 sqft single family home built in 2003.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Elite

All information provided is deemed reliable but is not guaranteed 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/28/2026 12:12 AM