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Pending
    • Price cut: $65K (10/1)
    $910,000

    2540 SE Clay St, Portland, OR 97214

    3beds
    2,892sqft
    : 
    $7,127/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1948
    5,662 Square Feet Lot
    $-- Zestimate®
    $315/sqft
    $-- HOA

    What's special

    Striking modern transformationBeautifully tiled walk-in shower
    IN CONTRACT - NO OPEN HOUSES 10/3-4 A striking modern transformation in the heart of Southeast Portland, this 1948 home was completely reimagined in 2018. Its distinctive shou sugi ban cedar siding creates an unforgettable first impression, while the interior delivers a thoughtful balance of dramatic design, flexibility, and everyday comfort. The main level unfolds into a spacious open-concept living area designed for gathering and entertaining. Tucked away for privacy, the main-level primary suite features a generous walk-in closet with built-in organizers and a beautifully tiled walk-in shower. A dedicated exercise area within the partially converted garage is also conveniently accessible from the main floor, and delivers plenty of room for weights, machines, cardio equipment, or aerial silks. Become ballet buff or beefy chief, and anywhere in between. Upstairs, a modular bedroom area is currently set up as 2 spacious bedrooms, but can be modified to create up to 4 separate, private spaces, offering one-of-a-kind versatility. The additional loft offers space for a home office, library, media lounge, or creative retreat. Step outside onto the elevated second-floor deck and soak in views stretching toward downtown Portland and the West Hills, a rare perspective from this close-in neighborhood. Located near the restaurants, shops, cafés, and energy of Division and Hawthorne, with convenient access to surrounding parks, transit, and neighborhood schools, this is a one-of-a-kind Portland home for buyers who want modern architecture without giving up the character and connectivity of an established neighborhood. This is an opportunity to step into something that feels truly unique, flexible, impressive, and, charmingly, home. Special financing program being offered by our preferred lender can help save HUNDREDS per month on your mortgage. Ask your broker or the listing broker for more information. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10192374]
    36 days
    1,279
    93

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Devin Arthurs 971-300-8337,

    Living Room Realty

    Source: RMLS (OR),MLS#: 430648341MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • Partial bathrooms: 1
      • Main level bathrooms: 2
      Rooms
      • Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Features: Ensuite, Walkin Closet
      • Level: Lower
      Bedroom 2
      • Features: Wallto Wall Carpet
      • Level: Upper
      Bedroom 3
      • Features: Wallto Wall Carpet
      • Level: Upper
      Dining room
      • Features: Engineered Hardwood
      • Level: Main
      Family room
      • Features: Wallto Wall Carpet
      • Level: Upper
      Kitchen
      • Features: Disposal, Gas Appliances, Island, Double Oven, Engineered Hardwood
      • Level: Main
      Living room
      • Features: Engineered Hardwood, High Ceilings
      • Level: Main
      Heating
      • Forced Air 95 Plus
      Cooling
      • Central Air
      Appliances
      • Included: Built In Oven, Built-In Range, Cooktop, Dishwasher, Free-Standing Refrigerator, Gas Appliances, Microwave, Range Hood, Washer/Dryer, Disposal, Double Oven, Electric Water Heater
      Features
      • High Ceilings, Kitchen Island, Walk-In Closet(s), Tile
      • Flooring: Engineered Hardwood, Wall to Wall Carpet
      • Windows: Double Pane Windows, Vinyl Frames
      • Basement: Finished,Partial
      Interior area
      • Total structure area: 2,892
      • Total interior livable area: 2,892 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Driveway, On Street, Garage Door Opener, Attached, Garage Partially Converted to Living Space
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Garage On Main, Main Floor Bedroom Bath, Walkin Shower, Accessibility
      Features
      • Stories: 3
      • Patio & porch: Deck
      • Fencing: Fenced
      • Has view: Yes
      • View description: City, Seasonal, Territorial
      Lot
      • Size: 5,662 Square Feet
      • Features: Level, Trees, SqFt 5000 to 6999
      Details
      • Parcel number: R124911

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Custom Style
      • Property subtype: Residential, Single Family Residence
      Materials
      • Cedar
      • Foundation: Concrete Perimeter
      • Roof: Composition,Membrane
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1948

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Security: Unknown
      • Subdivision: Colonial Heights
      HOA
      • Has HOA: No
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $315/sqft
      • Tax assessed value: $911,180
      • Annual tax amount: $11,252
      • Date on market: 9/4/2026
      • Cumulative days on market: 129 days
      • Listing terms: Cash,Conventional,VA Loan
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/3/2026Pending sale$910,000$315/sqft
        Source: RMLS (OR) #430648341 Report a problem
        10/1/2026Price change$910,000-6.7%$315/sqft
        Source: RMLS (OR) #430648341 Report a problem
        9/4/2026Listed for sale$975,000-18.8%$337/sqft
        Source: RMLS (OR) #430648341 Report a problem
        7/22/2021Sold$1,200,000$415/sqft
        Source: RMLS (OR) #21689746 Report a problem
        6/23/2021Pending sale$1,200,000$415/sqft
        Source: RMLS (OR) #21689746 Report a problem
        6/17/2021Listed for sale$1,200,000+108.7%$415/sqft
        Source: RMLS (OR) #21689746 Report a problem
        4/7/2017Sold$575,000+2.9%$199/sqft
        Source: RMLS (OR) #17573637 Report a problem
        3/6/2017Pending sale$559,000$193/sqft
        Source: Living Room Realty #17573637 Report a problem
        2/28/2017Listed for sale$559,000+52.1%$193/sqft
        Source: Living Room Realty #17573637 Report a problem
        9/29/2008Sold$367,500+83.3%$127/sqft
        Source: Public Record Report a problem
        3/14/2002Sold$200,500$69/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,252 +3.7%$417,610 +3%
        2024$10,848 +4%$405,450 +3%
        2023$10,431 +2.2%$393,650 +3%
        2022$10,205 +23.7%$382,190 +25.2%
        2021$8,251 +9%$305,170 +3%
        2020$7,569 +26.7%$296,280 +25.7%
        2019$5,975 $235,720 +3%
        2018$5,975 +3%$228,860 +3%
        2017$5,799 +14%$222,200 +3%
        2016$5,086 $215,730 +3%
        2015$5,086 +2.7%$209,450 +3%
        2014$4,953 +3.9%$203,350 +3%
        2013$4,765 +10.5%$197,430 +3%
        2012$4,310 +3.9%$191,680 +3%
        2011$4,148 +5.4%$186,100 +3%
        2010$3,935 +2.7%$180,680 +3%
        2009$3,833 +11.7%$175,420 +8.6%
        2008$3,430 +0.3%$161,520 +3%
        2007$3,420 +11.4%$156,820 +3%
        2006$3,071 +4.7%$152,260 +3%
        2005$2,933 -8.2%$147,830 +3%
        2004$3,195 +2.3%$143,530 +3%
        2003$3,124 +8.9%$139,350 +3%
        2002$2,869 +7.4%$135,300 +6.1%
        2000$2,672 $127,540
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Hosford-Abernethy

        Getting around

        90 / 100
        Very Walkable
        46 / 100
        Some Transit
        96 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Abernethy
        • Middle: Hosford
        • High: Cleveland

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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