Multiple Offers Received.. Tucked away in the quiet Reed neighborhood, this NW Contemporary lives like your very own treehouse. Open floor plan with vaulted ceilings, cedar accents, and windows showcasing views of OHSU and the West Hills. Custom built in 1981 (currently carpeted throughout in era-appropriate wall-to-wall, awaiting your design vision) and on the market for the first time, the flexible layout offers , two primary suite options—one on the main and another upstairs—plus a third bedroom/flex room on the lower level. The upstairs loft adds even more versatility for an office, studio, or lounge. A brand-new roof and expansive deck create private outdoor living among the trees. Despite its seclusion, the home is just steps from Reed College w/trails and blocks to Woodstock’s shops, cafes, and restaurants. A rare blend of retreat and convenience within inner SE Portland.
Sold
$755,000
5529 SE 38th Ave, Portland, OR 97202
3beds
2,224sqft
Residential, Single Family Residence
Built in 1981
6,098 Square Feet Lot
$757,400 Zestimate®
$339/sqft
$4,218 Estimated rent
Home value
$757,400
$704,000 - $810,000
$4,218/mo
Zestimate® history
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$4,709/mo
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List your homeWhat's special
Flexible layoutTwo primary suite optionsExpansive deckVaulted ceilingsCedar accents
Zillow last checked:
Listing updated:
Listed by:
Heather Jenkins info@larkandfir.com,
Lark and Fir Realty LLC
Bought with:
Brittany Matthews, 201235184
Think Real Estate
Source: RMLS (OR),MLS#: 770301222
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Deck, Suite, Vaulted Ceiling
- Level: Main
Bedroom 2
- Features: Vaulted Ceiling
- Level: Upper
Bedroom 3
- Features: Walkin Closet
- Level: Lower
Dining room
- Features: Builtin Features, Deck, Fireplace, Sliding Doors, Vaulted Ceiling
- Level: Main
Family room
- Features: Loft, Vaulted Ceiling
- Level: Upper
Kitchen
- Level: Main
Living room
- Features: Fireplace, Vaulted Ceiling
- Level: Main
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- Vaulted Ceiling(s), Walk-In Closet(s), Built-in Features, Loft, Suite
- Flooring: Wall to Wall Carpet
- Doors: Sliding Doors
- Windows: Vinyl Frames
- Basement: Daylight,Finished,Full
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,224
- Total interior livable area: 2,224 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street, RV Access/Parking, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Hallway, Garage On Main, Main Floor Bedroom Bath, Utility Room On Main, Accessibility
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Gas Hookup, Exterior Entry
- Has view: Yes
- View description: City, Territorial, Trees/Woods
Lot
- Size: 6,098 Square Feet
- Features: Corner Lot, Sloped, Trees, SqFt 5000 to 6999
Details
- Additional structures: GasHookup
- Parcel number: R220946
- Zoning: R5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,NW Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Cedar
- Foundation: Concrete Perimeter, Stem Wall
- Roof: Composition
Condition
- Approximately
- New construction: No
- Year built: 1981
Utilities & green energy
- Gas: Gas Hookup, Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Reed
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $658,220
- Annual tax amount: $8,465
- Date on market: 9/6/2025
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Sold | $755,000+5.6%$339/sqft |
Source:  RMLS (OR) #770301222 Report a problem | ||
| 9/8/2025 | Pending sale | $715,000$321/sqft |
Source: RMLS (OR) #770301222 Report a problem | ||
| 9/6/2025 | Listed for sale | $715,000+285.2%$321/sqft |
Source: RMLS (OR) #770301222 Report a problem | ||
| 5/17/2002 | Sold | $185,606$83/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,781 +3.7% | $325,900 +3% |
| 2024 | $8,466 +4% | $316,410 +3% |
| 2023 | $8,140 +2.2% | $307,200 +3% |
| 2022 | $7,964 +1.7% | $298,260 +3% |
| 2021 | $7,830 +9% | $289,580 +3% |
| 2020 | $7,183 +3.8% | $281,150 +3% |
| 2019 | $6,919 | $272,970 +3% |
| 2018 | $6,919 +3% | $265,020 +3% |
| 2017 | $6,715 +14% | $257,310 +3% |
| 2016 | $5,890 | $249,820 +3% |
| 2015 | $5,890 +2.7% | $242,550 +3% |
| 2014 | $5,736 +5.9% | $235,490 +3% |
| 2013 | $5,416 +10.8% | $228,640 +3% |
| 2012 | $4,887 +1.7% | $221,990 +3% |
| 2011 | $4,804 +5.4% | $215,530 +3% |
| 2010 | $4,558 +2.7% | $209,260 +3% |
| 2009 | $4,439 +6% | $203,170 +3% |
| 2008 | $4,189 +0.3% | $197,260 +3% |
| 2007 | $4,176 +11.4% | $191,520 +3% |
| 2006 | $3,751 +4.7% | $185,950 +3% |
| 2005 | $3,582 -2.5% | $180,540 +3% |
| 2004 | $3,672 +3.9% | $175,290 +3% |
| 2003 | $3,535 +1.6% | $170,190 +3% |
| 2002 | $3,481 +10.1% | $165,240 +6.1% |
| 2000 | $3,162 +4.2% | $155,760 +3% |
| 1999 | $3,034 | $151,230 |
Find assessor info on the county website
Neighborhood: Reed
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Nearby schools
GreatSchools rating
- 9/10Grout Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Hosford Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Grout
- 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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Estimated market value
$757,400
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Estimated market value
$757,400
- Oregon
- Multnomah County
- Portland
- 97202
- Reed
- 5529 SE 38th Ave
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