tomo logo

$499,000

Beds
4
Baths
2.0
sq ft
Unknown

640 NE 199th Ave, Portland, OR 97230

640 NE 199th Ave

Portland, OR 97230

  • Pending
    • Price drop $11,000↓
A Rare Mid-Century Modern Opportunity tucked away in one of those sought-after pocket neighborhoods! This Mid-Century Modern gem is brimming with potential for buyers looking to build instant equity with a little cosmetic TLC. Major updates have already been taken care of, including a newer roof, AC, HVAC system, and a brand-new water heater—all big-ticket items that bring peace of mind. Fresh interior paint, updated light fixtures, and new kitchen appliances (fridge and range) mean you can move right in while adding your own personal touch.Inside, two cozy fireplaces create a warm ambiance for chilly nights, and downstairs, two non-conforming bonus rooms offer endless possibilities—whether you dream of a multigenerational space, home office, gym, playroom, or guest suite. The home also features ample storage and a fully fenced backyard with a garden area ready for your green thumb.For those who love outdoor adventures, this home is a dream. There's extra parking for all your toys and a wired ready shed in the back, perfect for a workshop, hobby space, or future studio. Just 15 minutes to the Columbia River Gorge, the historic Old Columbia Highway, and the Sandy River, you're surrounded by world-class hiking, fishing, and outdoor recreation. An hour’s drive will take you to Hood River, Timberline Ski Area, and countless trails.When you’re not out exploring, enjoy local favorites like The Fork food cart pod with indoor and outdoor seating, plus tons of community events. Downtown Gresham is just minutes away, offering boutique shops, cozy restaurants, and charming coffee spots. With easy access to HWY 84—but yet free from road noise—this home is a commuter’s dream while still offering a peaceful retreat. This home has been well-loved and is the perfect opportunity for buyers ready to put in a little sweat equity to truly make it theirs. Don’t miss out on this chance to create your dream space in an unbeatable location!

Details

Property type

Single Family Residence

Est. home value

$456,080

Lot size

0.23 acres

Price per sq ft

Unknown

Year built

1964

Annual property taxes

$4,056.34

HOA

No

Price History

04/01/2025
PortlandOR

PortlandOR #24322002

Pending
$499,000
03/14/2025
PortlandOR

PortlandOR #24322002

Price change
$499,000
-2.16%
03/06/2025
PortlandOR

PortlandOR #24322002

Price change
$510,000
-0.55%

Schools & Community

Elementary school: 

Salish Pond

Middle school: 

Reynolds

High school: 

Reynolds

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

Oregon Community Cu

Loan start date

August 2022

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.19%

Loan type

Credit Line (Revolving), 15 year

Seller

Richard Dj Payne and Tara Stone

Lender

Synergy One Lending

Loan start date

February 2021

Original loan amount

$396,055

Est. remaining balance

$358,770

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Richard Dj Payne and Tara Stone

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?

Similar Homes Nearby

Price drop
PortlandOR
$459,000
4 bd
|
2 ba
|
House

2525 NE 161st Ave, Portland, OR 97230

Price drop
PortlandOR
$500,000
4 bd
|
2 ba
|
House

17119 SE Stephens St, Portland, OR 97233

PortlandOR
$490,000
4 bd
|
2 ba
|
1,988 sq ft
|
House

620 SE 146th Ave, Portland, OR 97233

Status: Pending/Under Contract

Tomo last checked: 04/04/2025 at 4:25 AM

Listing updated: 04/03/2025 at 1:58 AM

Listed by: Tara Stone, eXp Realty, LLC Phone #: (888) 814-9613

MLS: PortlandOR #24322002

PortlandOR logo

Recently listed in Portland