tomo logo

$1,850,000

Beds
5
Baths
3.5
sq ft
Unknown

1240 NW Summit Ave, Portland, OR 97210

1240 NW Summit Ave

Portland, OR 97210

  • 2 days on market
    • Open house Feb 23
Prepare to be captivated by this exceptional home, originally designed by renowned architect Wade Pipes and enhanced with over $500K in high-end upgrades in the last 2 years. Flooded with natural light, it offers breathtaking views of 4 volcanoes and Portland’s iconic bridges and is within walking distance of NW 23rd shops, Forest Park, and Chapman Elementary. Classic detailing: double paned wood casement windows, hardwood floors. The sunroom was re-envisioned with all-new heated Moroccan tile floors,french doors & built-in shelving. The kitchen is a showpiece, boasting locally sourced handmade walnut cabinets & countertops & complemented by 200-year-old reclaimed terracotta flooring from France and the butler’s pantry with a refrigerator and freezer drawers is the ultimate smoothie and coffee bar. The main level also includes a striking new half bath with House of Hackney wallpaper. The living room with its cozy wood-burning fireplace & bookshelves is the perfect gathering space for memorable parties and is accented by new matching French doors that open to the outdoor space. Upstairs, 4 elegant bedrooms, 2 full bathrooms, and an additional laundry area complete the second level. The vaulted third-floor space offers flexibility as a bedroom, family room, office, or play area. The remodeled lower-level apartment—ideal for an au pair or extended family—features an exterior entrance, new concrete floors, a fully stocked kitchen, bedroom, 2nd laundry, brand new bath,family room, & wine cellar! Meticulously landscaped outdoor spaces include all-new limestone pavers (anti-slip and weather-resistant,custom iron handrails, and integrated lighting. Romantic patio has a 700-yr old fountain from Andalusia! Additional upgrades include a new electrical panel, 220V wiring on Summit for EV charger. Tuck-under garage with direct access to the home is also wired for EV and has ample storage for bikes & strollers. A truly remarkable home with effortless sophistication and style.

Details

Property type

Single Family Residence

Est. home value

$1,276,085

Property condition

Updated/Remodeled

Lot size

5,227 sq ft

Price per sq ft

Unknown

Year built

1916

Annual property taxes

$23,838.85

HOA

No

Price History

02/21/2025
PortlandOR

PortlandOR #24246240

Listed
$1,850,000
+54.17%
10/31/2022
PortlandOR

PortlandOR #22366557

Sold
$1,200,000

Schools & Community

Neighborhood: 

Hillside

Elementary school: 

Chapman

Middle school: 

West Sylvan

High school: 

Lincoln

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

October 2022

Original loan amount

$840,000

Est. remaining balance

Not provided

Interest rate

4.3%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Drew Arenth and Breese Mcilvaine

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 10:45 PM

Listing updated: 02/22/2025 at 9:15 AM

Listed by: Karoline Ashley, Windermere Realty Trust Phone #: (503) 284-7755

MLS: PortlandOR #24246240

PortlandOR logo

Recently listed in Portland

$857,221|5 bd|3.0 ba|House
$1,500,000|3 bd|3.5 ba|House
$875,000|4 bd|2.5 ba|House
$975,000|5 bd|3.5 ba|House
$383,000|3 bd|1.0 ba|House
$164,900|3 bd|2.0 ba|Manufactured
$850,000|5 bd|2.5 ba|House
$1,350,000|4 bd|2.0 ba|Condo
$1,769,000|3 bd|2.5 ba|Condo