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5655 SE Colony Cir, Milwaukie, OR, 97267

3beds
2baths
1,302sqft
$480,000
$369price/sqft
$3,483/moest. monthly cost
$139,320/yrincome needed

About This Home

Seller is motivated and ready to review offers! This move-in-ready, vacant home is available for immediate occupancy, allowing for a smooth and flexible closing. Situated with no neighbors on two sides, this well-maintained single-level home offers fresh updates, including new flooring throughout and a freshly painted kitchen, along with a functional floor plan filled with natural light. A cozy wood-burning fireplace creates a warm gathering space, while a Nest thermostat adds modern convenience.Step outside to a fully fenced backyard featuring a level lawn for relaxing, entertaining, pets, or play. Beyond the retaining wall, a mature, tree-lined hillside creates a natural privacy buffer and peaceful Pacific Northwest backdrop, offering seasonal greenery and added separation from neighboring properties. The oversized approximately 22' x 18' garage provides ample room for parking, storage, or hobbies, while dedicated boat and trailer parking adds flexibility for your recreational lifestyle. Conveniently located near community and dog parks, shopping, dining, and major commuter routes, with downtown Portland approximately 15 minutes away. No HOA. A wonderful opportunity to own a move-in-ready home that combines comfort, privacy, convenience, and value.

Getting Around

17
WalkingCar-Dependent
31
TransitSome Transit
33
BikeSomewhat Bikeable

Schools

3/10
2/10
4/10
Putnam High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1977

Materials

  • Roof: Composition
  • Construction materials: T111 Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Range,Free-Standing Refrigerator,Microwave,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Closet, Wallto Wall Carpet
  • Level: Main
  • Area: 100

Bedroom3

  • Features: Closet, Wallto Wall Carpet
  • Level: Main
  • Area: 110

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Dining Room

  • Features: Fireplace, Living Room Dining Room Combo,Wallto Wall Carpet
  • Level: Main

Family Room

  • Features: Fireplace, Living Room Dining Room Combo,Wallto Wall Carpet
  • Level: Main

Features

  • Ceiling Fan(s),Closet,Living Room Dining Room Combo,Eat-in Kitchen,Bathroom,Walkin Shower
  • Flooring: Wall to Wall Carpet,Laminate
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,302
  • Total interior livable area: 1,302 sqft

Kitchen

  • Features: Ceiling Fan, Dishwasher, Disposal, Eating Area, Microwave,Closet, Free Standing Range, Free Standing Refrigerator, Laminate Flooring
  • Level: Main
  • Area: 143

Living Room

  • Features: Wallto Wall Carpet
  • Level: Main
  • Area: 280

Master Bedroom

  • Features: Bathroom,Closet, Laminate Flooring, Walkin Shower, Wallto Wall Carpet
  • Level: Main
  • Area: 143

Property

Accessibility

  • Accessibility features: Garage On Main,Ground Level,Main Floor Bedroom Bath,Natural Lighting,One Level,Parking,Accessibility

Details

  • Parcel number: 00509603

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Patio,Patio
  • Exterior features: Yard
  • Fencing: Fenced

Lot

  • Lot size: 0.25 Acres
  • Features: Gentle Sloping,Private,SqFt 10000 to 14999

Parking

  • Total spaces: 2
  • Parking features: Driveway,On Street,RV Access/Parking,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Inland Flooding
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Clackamas County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,427$29,124
Home Insurance *$108$1,296
Property Taxes $772$9,264
Electricity $176$2,119
Total$3,483$41,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,417/yr
40% on housing$104,490/yr
45% on housing$92,880/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$369This listing

vs Other Active Listings

Avg $/sqft

ZIP 97267$228
Clackamas County$305

vs Homes Sold Last Month

Median $/sqft

ZIP 97267$318
Clackamas County$294

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-25Listed for sale$480,000
2020-09-08Listing removed$339,900
2020-09-02Listed for sale$339,900
2020-09-02Pending sale$339,900
2018-04-16Sold$345,000
2018-03-16Pending sale$339,900
2018-03-14Listed for sale$339,900
2005-05-18Sold$192,900
2001-07-16Sold$139,900
1996-05-24Sold$117,500

For Sale by Agent

AgentRashelle Newmyer
BrokerageColdwell Banker Professional

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