640 SE 40th Ter, Gresham, OR 97080
PENDING

$660,000

  • 2 Beds
  • 3 Baths
  • 2,617 sqft

640 SE 40th Ter, Gresham, OR 97080

Gresham Butte
Est. Mortgage $4,194/mo*
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Home Highlights

Single-Family Home
Built in 2003
$252/sqft
Garage

Local Information

  • Map ViewExplore the area around 640 SE 40th Ter.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Modern appliancesWelcoming fireplaceBonus roomAmple storageAdditional bedroomDedicated laundry area
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!
Last check for updates: about 9 hours ago
Listing courtesy of Jack Waddle, (971) 888-1834
Keller Williams Realty Portland Elite
Source: RMLS (OR), MLS#170706201

Home Details for 640 SE 40th Ter

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Master Bedroom
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (partial): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 2617 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Gas Water Heater
Heating & Cooling
Heating: Forced Air,RadiantHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Gas & Electric
Gas: Gas
Levels, Entrance, & Accessibility
Stories: 2
View
No View

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Garage
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 130Days on Market: 9

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Daylight Ranch
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached Property
Property Information
Condition: ResaleParcel Number: R242797

Price & Status

Price
List Price: $660,000Price Per Sqft: $252
Status Change & Dates
Off Market Date: Tue Aug 11 2026

Active Status

MLS Status: Pending

Location

Direction & Address
City: Gresham
School Information
Elementary School: Hogan CedarsJr High / Middle School: Dexter MccartyHigh School: Gresham

Agent Information

Listing Agent
Listing ID: 170706201

Building

Building Area
Building Area: 2617 Square Feet

Community

Not Senior Community

HOA

Has an HOA

Lot Information

Lot Area: 6969.6 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: 170706201Attribution Contact: 971-888-1834

Around this home

Neighborhood Overview

Gresham Butte
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Gresham Butte

At least 23 Trulia users voted on each feature.

  • 93 % Say there are sidewalks

  • 92 % Say parking is easy

  • 90 % Say there's holiday spirit

  • 83 % Say car is needed

  • 83 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 77 % Say there's wildlife

  • 71 % Say it's quiet

  • 69 % Say streets are well-lit

  • 65 % Say neighbors are friendly

  • 63 % Say kids play outside

  • 61 % Say people would walk alone at night

  • 61 % Say they plan to stay for at least 5 years

  • 54 % Say it's walkable to restaurants

  • 35 % Say there are community events

  • 16 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Jbando29
    "The Springwater Trail is nearby. It is a great place to walk with the dogs and the dog park is close by."
    1
    Flag
  • Robyn C
    "There is easy access to park and ride to downtown Portland. This takes over an hour to get to Portland and back. It takes 30 min to drive early in the morning and an hour and 15 minutes to get home in the evening "
    0
    Flag
  • Fessler5066
    "Incredible family neighborhood! Safe and with a cul de sac. School bus picks up at Main Street just around the corner. "
    1
    Flag
  • Chad R.
    "Great families and great neighbors. Great trails through the Butte. Just wish crime didn't seem to be an issue, but it does."
    1
    Flag
  • S D.
    "Fairly close to Powell, Division, & Burnside. These lead to most places in the area. 5 minutes to Downtown Gresham."
    0
    Flag
  • Trulia User
    "I know that our HOA has a community yard sale each year. They also have a yearly barbecue for members in the HOA."
    1
    Flag
  • Lorri W. M.
    "The commute from anywhere is getting longer and more frustrating. Portland has not updated the infrastructure to accommodate the population growth. "
    0
    Flag
  • Lorri W. M.
    "Depending on time of day commute to downtown can take 20-45 min both ways. It’s recommended to avoid the freeways and take side streets. "
    0
    Flag
  • dani_e s.
    "I move in last August and have never been more pleased with an area to live in. The neighbors are fantastic. The streets are peaceful and the trees/hilltop are stunning to look at. I am super close to Sprinwater Trail which leads to a park and eventually downtown Gresham. I hope to remain here for a VERY long time!"
    3
    Flag
  • Mary M.
    "Quiet cul-de-sac, friendly neighbors, flat for scenic walking, close in to town and shopping."
    2
    Flag

Market trends in Gresham

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$459K
$7.37KMoM
Sale-to-List Price
100.0%
Price per sq ft
$274
$2MoM
Available listings
370
4MoM

Home Value

Trulia Estimate
$661K
Since last month
$200 (0%)
Since last year
Increased$33K (+5.2%)
Since last sale
Increased$278K (+72.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +38% in the last 10 years
MonthEstimated value
2026
September 2026$661K
August 2026$661K
July 2026$675K
June 2026$675K
May 2026$685K
April 2026$685K
March 2026$700K
February 2026$634K
January 2026$620K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
632 SE 38th Dr, Gresham, OR
0.03
Single-Family Home
$660,000
01/28/26
2
3
2,577
692 SE 38th Dr, Gresham, OR
0.09
Single-Family Home
$535,100
10/22/25
2
3
2,358
642 SE 38th Dr, Gresham, OR
0.03
Single-Family Home
$775,000
07/30/26
3
3
3,112
308 SW 38th Loop, Gresham, OR
0.37
Single-Family Home
$558,545
10/31/25
4
3
2,543
3869 SE Deer Creek Way, Gresham, OR
0.14
Single-Family Home
$715,000
10/15/25
4
3
2,755
350 SW 37th Ter, Gresham, OR
0.42
Single-Family Home
$655,000
04/22/26
3
3
2,497
285 SE Avondale Way, Gresham, OR
0.24
Single-Family Home
$725,000
07/29/26
3
3
2,429
3849 SE Saint Andrews Pl, Gresham, OR
0.24
Single-Family Home
$875,000
12/30/25
3
3
3,280
2875 SE Elliott Dr, Gresham, OR
0.49
Single-Family Home
$699,999
01/16/26
4
3
2,759
260 SE Avondale Way, Gresham, OR
0.28
Single-Family Home
$800,000
11/26/25
3
3
2,790

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
626 SE 38th Dr, Gresham, OR 97080
0.04
$671,800
2
2
2,805
Off Market
632 SE 38th Dr, Gresham, OR 97080
0.03
$660,000
2
2
2,577
Recently Sold
642 SE 38th Dr, Gresham, OR 97080
0.03
$775,000
3
2
3,112
Recently Sold
690 SE 40th Ter, Gresham, OR 97080
0.05
$620,500
2
2
2,268
Off Market
692 SE 38th Dr, Gresham, OR 97080
0.09
$534,000
2
2
2,358
Off Market
3841 SE Deer Creek Way, Gresham, OR 97080
0.14
$1,350,000
4
3
5,716
Recently Sold
3869 SE Deer Creek Way, Gresham, OR 97080
0.14
$713,400
4
2
2,755
Off Market
3642 SE Durango Pl, Gresham, OR 97080
0.16
$939,000
4
3
3,887
Recently Sold
3895 SE Augusta Pl, Gresham, OR 97080
0.18
$749,600
3
2
3,106
Off Market
4083 SE Augusta Loop, Gresham, OR 97080
0.18
$788,700
4
2
3,293
Off Market
4160 SE Augusta Loop, Gresham, OR 97080
0.19
$1,125,000
4
4
4,238
Recently Sold
3544 SE Deer Creek Way, Gresham, OR 97080
0.22
$875,000
4
3
4,210
For Sale

Price and Tax history

DateEventPrice
Aug 12, 2026
Source: RMLS (OR) #170706201
Pending
$660,000
Jul 8, 2013
Source: RMLS (OR) #13514407
Sold
$383,000
Jun 5, 2013
Source: Agent Provided
Pending
$395,000
Mar 22, 2013
Source: Agent Provided
Listed For Sale
$395,000
Mar 20, 2002
Source: N/A
Sold
$80,000

LGBTQ Local Legal Protections

Jack Waddle, Keller Williams Realty Portland Elite
Agent Phone: (971) 888-1834
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 Zillow, Inc. 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. This content last updated on 2026-09-27 17:46:48 PDT. 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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Frequently asked questions about 640 SE 40th Ter

  • What is the estimated monthly payment for 640 SE 40th Ter?
    Based on a $660,000 list price with 20% down at today's rates, the estimated monthly payment for 640 SE 40th Ter in Gresham, OR is approximately $4,286 (about $3,683 principal & interest, $528 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 640 SE 40th Ter compare to homes in Gresham?
    640 SE 40th Ter in Gresham, OR is listed at $660,000, about 44% above the $459K median sale price in Gresham.
  • What do residents say about the Gresham Butte neighborhood?
    Residents describe the Gresham Butte neighborhood in Gresham, OR as pedestrian-friendly, easy to park in, and dog-friendly. See homes for sale in Gresham Butte, Gresham.
  • What are the closest schools to 640 SE 40th Ter?
    The closest schools to 640 SE 40th Ter in Gresham, OR are Dexter McCarty Middle School (rated 3/10), Gresham High School (rated 4/10), Hogan Cedars Elementary School (rated 5/10).
  • Does 640 SE 40th Ter have air conditioning?
    Yes, 640 SE 40th Ter in Gresham, OR has air conditioning.
  • How big is the lot at 640 SE 40th Ter?
    The lot at 640 SE 40th Ter in Gresham, OR is about 0.16 acres (6,970 sq ft).
640 SE 40th Ter, Gresham, OR 97080 is a 2 bedroom, 3 bathroom, 2,617 sqft single-family home built in 2003. 640 SE 40th Ter is located in Gresham Butte, Gresham. This property is currently available for sale and was listed by RMLS (OR) on Aug 12, 2026. The MLS # for this home is MLS# 170706201.