3505 SW Towle Ave, Gresham, OR, 97080
About This Home
Development potential acreage. Single family,“Parade of Homes” floor plan, featuring 5500 sq.ft. Five bedrooms, five bathrooms, with finished daylight basement. Complete full kitchen on both levels. This single family home is complimented with a separate 1434 sq.ft. Guest House, two bedrooms and two bathrooms and two 2500 sq.ft. shops. The 4.80 acres has the potential for 42-44 townhomes.To be verified by the City of Gresham. Property is being sold as-is by owner. The 4.80 acres of developable land is ideal for a profitable project, or keeping the existing home and out buildings with the potential to develop a portion or all of the land. This is a unique opportunity for homeowners or investors to enjoy now and benefit later. Asking $1,600,000.00 Call Tom@(503)936-5252 for information. Shown by appointment only.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1989
Materials
- Roof: Tile
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Features
- Flooring: Tile,Carpet
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced air,Gas
- Cooling features: Central
Interior Area
- Total interior livable area: 5,500 sqft
Property
Details
- Parcel number: R340865
Features
- Exterior features: Wood
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 5 Acres
Parking
- Total spaces: 3
- Parking features: Garage - Attached,Off-street
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
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,090 | $97,080 |
| Home Insurance * | $384 | $4,608 |
| Property Taxes | $2,539 | $30,468 |
| Electricity | $499 | $5,989 |
| Total | $11,512 | $138,144 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $1,600,000 |
| 2025-12-12 | Listing removed | -- |
| 2025-08-23 | Price change | $1,999,000 |
| 2025-07-13 | Listed for sale | $2,499,000 |
| 1987-10-01 | Sold | $36,000 |
View on Zillow