OPPORTUNITY KNOCKS!!! HUGE UPSIDE POTENTIAL. This spacious Milwaukie home is ideally located within walking distance to Ardenwald Elementary. Offering versatility and room to grow, this residence features three bedrooms and 1.5 bathrooms on the main level, complemented by a traditional living room plus a large family room addition with soaring vaulted ceilings—perfect for gatherings and everyday living. The lower level adds even more flexibility with an additional bedroom, full bathroom, and a generous living space, ideal for guests, extended family, or a home office setup. Set on a sizable lot, the property boasts an in-ground pool for summer enjoyment, a one-car attached garage, and the added benefit of Clackamas County taxes. With solid bones and plenty of square footage, this home presents a fantastic opportunity to increase value through cosmetic updates and personalization. Don’t miss this chance to own a property that combines convenience, space, and potential—all in a desirable Milwaukie neighborhood.
Sold
$492,000
3948 SE Wake St, Milwaukie, OR 97222
4beds
2,572sqft
Residential, Single Family Residence
Built in 1956
-- sqft lot
$491,700 Zestimate®
$191/sqft
$3,760 Estimated rent
Home value
$491,700
$467,000 - $521,000
$3,760/mo
Zestimate® history
Owner options
List your home for rent
$3,760/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,760/mo
Rent Zestimate®
Refinance and save
$3,000/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,000/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Generous living spaceIn-ground poolSizable lotAdditional bedroomOne-car attached garageThree bedrooms
Zillow last checked:
Listing updated:
Listed by:
Brian Getman 503-628-9665,
Where, Inc,
Joey Gatto 503-313-2110,
Where, Inc
Bought with:
Mary Mayther-Slac, 870400061
Vantage Point Properties Inc
Source: RMLS (OR),MLS#: 740237152
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
- Area: 130
- Dimensions: 10 x 13
Bedroom 2
- Level: Main
- Area: 72
- Dimensions: 8 x 9
Bedroom 3
- Level: Main
- Area: 108
- Dimensions: 12 x 9
Bedroom 4
- Level: Lower
- Area: 120
- Dimensions: 10 x 12
Dining room
- Level: Main
- Area: 63
- Dimensions: 9 x 7
Family room
- Level: Main
- Area: 420
- Dimensions: 21 x 20
Kitchen
- Level: Main
- Area: 105
- Width: 7
Living room
- Level: Main
- Area: 240
- Dimensions: 16 x 15
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Flooring: Hardwood
- Basement: Finished,Full
- Number of fireplaces: 3
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 2,572
- Total interior livable area: 2,572 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Off Street, Garage Door Opener, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Exterior features: Yard
- Has private pool: Yes
Lot
- Features: Level, Private, SqFt 7000 to 9999
Details
- Additional structures: Outbuilding
- Parcel number: 00003846
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter, Slab
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1956
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Ardenwald / Milwaukie
HOA
- Has HOA: No
Location
- Region: Milwaukie
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $605,704
- Annual tax amount: $5,850
- Date on market: 9/17/2025
- Cumulative days on market: 13 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Sold | $492,000-0.6%$191/sqft |
Source:  RMLS (OR) #740237152 Report a problem | ||
| 10/1/2025 | Pending sale | $495,000$192/sqft |
Source: RMLS (OR) #740237152 Report a problem | ||
| 9/17/2025 | Listed for sale | $495,000+111%$192/sqft |
Source: RMLS (OR) #740237152 Report a problem | ||
| 7/26/2010 | Sold | $234,550$91/sqft |
Source: Public Record Report a problem | ||
| 6/24/2010 | Price change | $234,550+1.5%$91/sqft |
Source: Knipe Realty NW, Inc. #10051407 Report a problem | ||
| 5/22/2010 | Price change | $231,000+4.5%$90/sqft |
Source: Knipe Realty NW, Inc. #10051407 Report a problem | ||
| 5/14/2010 | Price change | $221,020-2.3%$86/sqft |
Source: Knipe Realty NW, Inc. #10051407 Report a problem | ||
| 4/24/2010 | Price change | $226,160-12%$88/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 3/20/2010 | Price change | $257,000+7.5%$100/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 2/14/2010 | Listed for sale | $239,000+4.4%$93/sqft |
Source: Knipe Realty #9086293 Report a problem | ||
| 1/5/2010 | Listing removed | $229,000$89/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 12/19/2009 | Price change | $229,000-4.2%$89/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 12/5/2009 | Price change | $239,000-7.7%$93/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 11/25/2009 | Price change | $259,000-3.7%$101/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
| 11/13/2009 | Listed for sale | $269,000$105/sqft |
Source: Knipe Realty NW, Inc. #9086293 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,058 +3.5% | $275,308 +3% |
| 2024 | $5,850 +2.9% | $267,290 +3% |
| 2023 | $5,687 +5.3% | $259,505 +3% |
| 2022 | $5,403 +3.6% | $251,947 +3% |
| 2021 | $5,213 +3.2% | $244,609 +3% |
| 2020 | $5,052 +1.5% | $237,485 +3% |
| 2019 | $4,976 +12.5% | $230,568 +3% |
| 2018 | $4,425 | $223,852 +3% |
| 2017 | $4,425 +6.5% | $217,332 +3% |
| 2016 | $4,154 | $211,002 +3% |
| 2015 | $4,154 +5% | $204,856 +3% |
| 2014 | $3,956 +8.4% | $198,889 +3% |
| 2013 | $3,650 +5.1% | $193,096 +3% |
| 2012 | $3,473 -1.8% | $187,472 +3% |
| 2011 | $3,538 +5.6% | $182,012 +3% |
| 2010 | $3,352 +1% | $176,711 +3% |
| 2009 | $3,318 +5.7% | $171,564 +3% |
| 2008 | $3,141 +2.9% | $166,567 +3% |
| 2007 | $3,051 +12.2% | $161,716 +3% |
| 2006 | $2,720 +0.6% | $157,006 +3% |
| 2005 | $2,702 +4.2% | $152,433 +3% |
| 2004 | $2,593 +2% | $147,993 +3% |
| 2003 | $2,541 +3% | $143,683 +3% |
| 2002 | $2,468 +1.8% | $139,498 +3% |
| 2001 | $2,423 +2.3% | $135,435 +3% |
| 2000 | $2,369 | $131,490 |
Find assessor info on the county website
Neighborhood: Ardenwald
Nearby homes
- $---- bd-- ba-- sqft3902 SE Wake St, Portland, OR 97222Off Market
- $600,0003 bd2 ba2.5k sqft3902 SE Wake St, Milwaukie, OR 97222Sold
- $585,0004 bd2 ba2.1k sqft3958 SE Wake St, Milwaukie, OR 97222Off Market
- $581,9004 bd2 ba2.2k sqft3898 SE Wake St, Milwaukie, OR 97222Off Market
- $587,5003 bd2 ba2.8k sqft3947 SE Filbert St, Milwaukie, OR 97222Off Market
- $526,9003 bd1 ba2.2k sqft3959 SE Wake St, Milwaukie, OR 97222Off Market
- $626,7003 bd2 ba2.3k sqft3927 SE Filbert St, Milwaukie, OR 97222Off Market
- $562,5005 bd2 ba3.3k sqft9040 SE 39th Ave, Milwaukie, OR 97222Off Market
Nearby schools
GreatSchools rating
- 6/10Ardenwald Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 1.7 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Ardenwald
- Middle: Rowe
- High: Milwaukie
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$491,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$491,700
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Ardenwald
- 3948 SE Wake St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Milwaukie Topics
