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ActivePrice cut: $30K (9/15)
$870,000
7beds
3,465sqft

5017 SE Aldercrest Rd, Milwaukie, OR 97222

7beds
3,465sqft
Residential, single family residence
Built in 1940
1.48 Acres
Open parking
$251 price/sqft

What's special

Striking floating staircaseCozy gas fireplaceOutdoor fireplacePeaceful viewsCovered patioSecond storySpacious deck

Some homes have a story to tell. Beyond the winding driveway, this 1.48-acre creekside property unfolds like a storybook, with mature trees, peaceful views, and a sense of privacy that feels worlds away from the city. The thoughtfully updated 1940 home blends vintage soul with modern ease. Expanded with a second story, the main home offers 4 bedrooms, 3 full baths, a striking floating staircase, a cozy gas fireplace, exposed wood beam, beautifully renovated kitchen and bathrooms, dual laundry hookups, and a large basement ready for your vision. Gather under the covered patio, and let the outdoor fireplace carry the party into fall, surrounded by extensive garden beds that invite new stories to take root. The long driveway not only provides ample parking for RVs and recreational vehicles, but is also striped with pickleball court lines for a fun and unexpected recreational space. A separate detached ADU offers 3 bedrooms, 2 full baths, and a spacious deck—perfect for multigenerational living, visiting guests, or rental income. All this, just minutes from Downtown Milwaukie and Sellwood. Rarely does a property offer this much character, flexibility, and room to grow.

74 days
|
2,238
|
243
|
Source: RMLS (OR),MLS#: 293461992MLS Logo
Travel times

Living Room

Kitchen

Dining Room

PrimaryBedroom

Primary Bathroom

Bedroom

Bedroom

Bathroom

Bonus Room

Rooftop Deck

ADU Kitchen

ADU Bedroom

ADU Bedroom

ADU Bathroom

ADU Living Room

Back Deck

Covered Patio

Bedroom

Bonus Room

Bathroom

Zillow last checked:

Listing updated:

Listed by:

Sean Mele 503-572-7491,

Opt

Source: RMLS (OR),MLS#: 293461992MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 5
  • Main level bathrooms: 3
Rooms
  • Room types: 2nd Kitchen, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
  • Features: Walkin Closet
  • Level: Upper
  • Area: 210
  • Dimensions: 15 x 14
Bedroom 2
  • Features: Closet
  • Level: Main
  • Area: 182
  • Dimensions: 14 x 13
Bedroom 3
  • Features: Closet
  • Level: Main
  • Area: 132
  • Dimensions: 12 x 11
Bedroom 4
  • Features: Closet
  • Level: Main
  • Area: 182
  • Dimensions: 14 x 13
Bedroom 5
  • Level: Lower
  • Area: 108
  • Dimensions: 12 x 9
Dining room
  • Level: Main
  • Area: 64
  • Dimensions: 8 x 8
Family room
  • Level: Lower
  • Area: 280
  • Dimensions: 20 x 14
Kitchen
  • Features: Dishwasher, Pantry, Free Standing Range, Free Standing Refrigerator
  • Level: Main
  • Area: 195
  • Width: 13
Living room
  • Features: Fireplace
  • Level: Main
  • Area: 352
  • Dimensions: 22 x 16
Heating
  • Forced Air, Heat Pump, Fireplace(s)
Cooling
  • Heat Pump
Appliances
  • Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Stainless Steel Appliance(s), Electric Water Heater, Gas Water Heater
  • Laundry: Laundry Room
Features
  • Soaking Tub, Closet, Pantry, Walk-In Closet(s), Quartz
  • Flooring: Bamboo
  • Windows: Double Pane Windows
  • Basement: Full,Separate Living Quarters Apartment Aux Living Unit,Unfinished
  • Number of fireplaces: 2
  • Fireplace features: Gas, Outside
Interior area
  • Total structure area: 3,465
  • Total interior livable area: 3,465 sqft
Video & virtual tour

Property

Parking
  • Parking features: Driveway, RV Access/Parking
  • Has uncovered spaces: Yes
Features
  • Levels: Tri Level
  • Stories: 3
  • Patio & porch: Covered Patio
  • Exterior features: Athletic Court, Garden
  • Has view: Yes
  • View description: Creek/Stream, Trees/Woods
  • Has water view: Yes
  • Water view: Creek/Stream
  • Waterfront features: Creek
  • Body of water: Kellogg
Lot
  • Size: 1.48 Acres
  • Features: Gentle Sloping, Private, Wooded, Acres 1 to 3
Details
  • Additional structures: RVParking, SecondResidence, SeparateLivingQuartersApartmentAuxLivingUnit
  • Parcel number: 00439608
  • Zoning: R10

Construction

Type & style
  • Home type: SingleFamily
  • Property subtype: Residential, Single Family Residence
Materials
  • Cement Siding, Other
  • Foundation: Concrete Perimeter
  • Roof: Composition,Flat,Membrane
Condition
  • Resale
  • New construction: No
  • Year built: 1940

Utilities & green energy

  • Gas: Gas
  • Sewer: Public Sewer
  • Water: Public

Community & HOA

HOA
  • Has HOA: No
Location
  • Region: Milwaukie

Financial & listing details

  • Price per square foot: $251/sqft
  • Tax assessed value: $1,305,102
  • Annual tax amount: $11,143
  • Date on market: 7/16/2026
  • Listing terms: Cash,Conventional,FHA
  • Road surface type: Paved

Price history

DateEventPrice
9/15/2026Price change$870,000-3.3%$251/sqft
Source: RMLS (OR) #293461992 Report a problem
9/4/2026Listed for sale$900,000$260/sqft
Source: RMLS (OR) #293461992 Report a problem
8/16/2026Pending sale$900,000$260/sqft
Source: RMLS (OR) #293461992 Report a problem
8/3/2026Price change$900,000-5.3%$260/sqft
Source: RMLS (OR) #293461992 Report a problem
7/17/2026Listed for sale$950,000+146.8%$274/sqft
Source: RMLS (OR) #293461992 Report a problem
6/15/2024Listing removed--
Source: Zillow Rentals Report a problem
6/8/2024Listed for rent$2,395+20.1%$1/sqft
Source: Zillow Rentals Report a problem
9/3/2020Listing removed$1,995$1/sqft
Source: Zillow Rental Network Report a problem
8/30/2020Price change$1,995-9.1%$1/sqft
Source: Zillow Rental Network Report a problem
8/11/2020Listed for rent$2,195+20.3%$1/sqft
Source: Zillow Rental Network Report a problem
10/29/2017Listing removed$1,825$1/sqft
Source: Zillow Rental Network Report a problem
10/25/2017Price change$1,825-3.7%$1/sqft
Source: Zillow Rental Network Report a problem
10/14/2017Listed for rent$1,895$1/sqft
Source: Zillow Rental Network Report a problem
2/17/2017Sold$385,000-14.4%$111/sqft
Source: RMLS (OR) #16348753 Report a problem
1/11/2017Price change$450,000+12.5%$130/sqft
Source: Keller Williams - Portland West #16216762 Report a problem
1/4/2017Pending sale$399,900$115/sqft
Source: Keller Williams Realty Profes. #16216762 Report a problem
1/4/2017Price change$399,900-11.1%$115/sqft
Source: Keller Williams Realty Profes. #16216762 Report a problem
12/14/2016Pending sale$450,000$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
12/13/2016Price change$450,000+12.5%$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
12/13/2016Pending sale$399,900-11.1%$115/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
12/10/2016Listed for sale$450,000$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
12/9/2016Pending sale$450,000$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
12/9/2016Listed for sale$450,000$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
10/29/2016Pending sale$450,000$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
10/29/2016Listed for sale$450,000+922.7%$130/sqft
Source: Keller Williams - Portland West #16348753 Report a problem
3/6/2003Sold$44,000-74.9%$13/sqft
Source: Public Record Report a problem
8/29/1996Sold$175,000$51/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2025$11,144 +13.2%$591,100 +12.4%
2024$9,843 +13.4%$525,658 +13.4%
2023$8,683 +17.8%$463,346 +14.7%
2022$7,372 +7.9%$403,817 +7%
2021$6,835 +3.3%$377,377 +3%
2020$6,615 +1.5%$366,386 +3%
2019$6,519 +14.4%$355,715 +3%
2018$5,697 $345,354 +3%
2017$5,697 +7.3%$335,295 +3%
2016$5,311 $325,529 +3%
2015$5,311 +3%$316,048 +3%
2014$5,158 +7.1%$306,843 +3%
2013$4,817 +2.4%$297,906 +3%
2012$4,704 +0.6%$289,229 +3%
2011$4,678 +6%$280,805 +3%
2010$4,414 +3.1%$272,626 +3%
2009$4,282 +6.6%$264,685 +3%
2008$4,016 +2.5%$256,976 +3%
2007$3,920 +12%$249,491 +3%
2006$3,500 +1.6%$242,224 +3%
2005$3,446 +3.2%$235,169 +3%
2004$3,340 +2%$228,319 +3%
2003$3,273 +3.2%$221,669 +3%
2002$3,171 +2%$215,213 +3%
2001$3,108 +3.6%$208,945 +3%
2000$3,000 $202,859

Find assessor info on the county website

Monthly payment

Est. payment
$5,323/mo
Principal & interest
$4721
Property taxes
$602
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 97222

Nearby schools

Oak Grove Elementary School
Grades K-5 • 1.5 miles
6/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
10/10
Alder Creek Middle School
Grades 6-8 • 0.8 miles
2/10
GreatSchools® Rating
Test Score Rating
3/10
Student Progress Rating
4/10
Putnam High School
Grades 9-12 • 1.6 miles
4/10
GreatSchools® Rating
Test Score Rating
4/10
College Readiness Rating
5/10

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