#219384701, Shane Vertner, Listing office: Opt
$499,900 List price
518 NE 40th Ave Hillsboro, OR 97124
3 beds
2 full
1,358 sqft
0.2 acres
$368 / sqft
House
Property details
About 518 NE 40th Ave
This home offers the perfect blend of suburban convenience and rural charm. Nestled on an oversized corner lot, this move-in ready home has been thoughtfully updated with modern touches while preserving its cozy character. Living space includes 3 bedrooms, 2 full baths, a kitchen that opens to the large family room with access to an entertainment size deck. A generous private back yard with a large workshop/shed adds space for all of your extras, mature grape vines, and a chicken coop!! Large clean garage with washer and dryer included! Solar panels and irrigation well on property. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239810]
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,358 sqft
Lot size0.18 Acres
Year built1980
ParkingDriveway, Street Parking
MLS #550479190
Attached garage2 spaces
FireplaceWood Burning
Summary
- Full Bathrooms: 2
- Appliances: Range, Microwave
- Flooring Type: Granite, Vinyl
- Interior: Granite
- Fireplace: Wood Burning
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Driveway, Street Parking
- Exterior: Deck, Fence, Garden, Tool Shed, Yard
- Architectural Style: 1 Story, Ranch
- Heating: Forced Air
- Cooling: Central Air
- List Price: $499,900
- Price/SqFt: $368
- Annual Tax Amount: $4,097
- Tax Year: 2023
- Lot: Corner Lot, Private
- Directions: E Main St & 37th
- Year Built: 1980
- Stories: 1
- Living Area: 1,358 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 550479190
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Envision Northwest Homes
- Office Phone: (503) 330-6547
- Listing Agent: Mary Johnson
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 9:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 30, 2020 | Home Sold | $366,000 |
| Nov 22, 2019 | Home Sold | $363,200 |
| Apr 04, 2003 | Home Sold | $155,000 |
| Oct 20, 1998 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $243,210 | $4,097 |
| 2022 | $236,130 | $3,986 |
| 2021 | $229,260 | $3,986 |
| 2020 | $222,590 | $3,906 |
| 2019 | $199,070 | $3,419 |
| 2017 | $187,660 | $3,154 |
History based on county public records data.
Nearby schools
6
Brookwood Elementary School
Public District PK-6
0.8 mi
•3960 SE Cedar St
2
Eastwood Elementary School
Public District PK-6
1.0 mi
•2100 NE Lincoln St
1
W. L. Henry Elementary School
Public District PK-6
1.3 mi
•1060 SE 24th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,990. The most common annual income of people living in Hillsboro, OR is between $35k-100k. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
24%
<35k
63%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
26%
Single, No Kids
13%
Single, with Kids
32%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis- Tennis
Live Theatre
Where do the neighbors shop?
Nordstrom Rack
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
The Cheesecake Factory
Starbucks
Boston Market
What do the neighbors drive?
Volvo
BMW
Mercedes
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 518 NE 40th Ave
The listing price of 518 NE 40th Ave property is $499,900.
The property 518 NE 40th Ave is a house located in Hillsboro, Oregon, 97124.
Active Listing: 518 NE 40th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 518 NE 40th Ave are: Brookwood Elementary School (GreatSchools Rating 6/10), Eastwood Elementary School (GreatSchools Rating 2/10), W. L. Henry Elementary School (GreatSchools Rating 1/10), City View Charter School (GreatSchools Rating 9/10), J. W. Poynter Middle School (GreatSchools Rating 3/10), R. A. Brown Middle School (GreatSchools Rating 3/10), Century High School (GreatSchools Rating 7/10), Hillsboro Online Academy (GreatSchools Rating 7/10), Hillsboro High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $4,097 (source: MLS/based on county public records data).
The last sale was on April 30, 2020 for $366,000 (source: MLS/tax record).
The property at 518 NE 40th Ave has 3 bedrooms and 2 bathrooms.
The property 518 NE 40th Ave is 1,358 SqFt (source: MLS/tax record).
The year of construction for 518 NE 40th Ave is 1980.
This home is located at 518 NE 40th Ave in Hillsboro, OR and zip code 97124 in the Laura neighborhood. This 1,358 square foot home, which was built in 1980, sits on a 0.18 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 19, 2025 and is currently priced at $499,900.
Hillsboro, OR housing market in June 2025 saw over 26 listings sold above listed price, more than 23 sold at listed price and over 37 sold below. The number of homes for sale in Hillsboro, OR increased by 6.8% between May and June 2025. In June 2025 median list price was $527,000 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.