40881 NW Osterman Rd is a 1,254 square foot house on a 1.56 acre lot with 3 bedrooms and 1 bathroom. - it last sold on December 22, 2023 for $500,000. Based on Redfin's Forest Grove data, we estimate the home's value is $530,717.
Single-familyProperty Type
1940Year Built
1.56 acresLot Size
$423Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$530,717
$31K since sold in December 2023$0 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 12.3% higher than the average sale price ($473K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Jun 27, 2019 • Final
Residential electrical
Work on a mobile home.
Electrical
Jun 27, 2019 • Final
Residential plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Bathroom Fixtures: 5
Heating & Cooling
Heating Type: Forced Air
Exterior
Exterior Information
Foundation Type: Continuous Footing
Construction Type: Wood
Exterior Wall: Wood Sheathing
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Living Sq. Ft: 1,254
Ground Floor Sq. Ft: 1,254
Building Sq. Ft: 1,254
Legal Description: ACRES 1.56
Parking & Garage Information
Parking Type: Unfinished Detached Garage
Garage/Parking Sq. Ft: 360
Garage / Carport Type: Unfinished Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 67,954
School Tax District: BANKS
Municipality Name: BANKS
Acres: 1.56
Zoning Code: EFU
County Use Description: FARM H&B USE AREA 5
State Use Description: FARM H&B USE AREA 5
Utility Information
Electricity / Wiring Type: Average Wiring
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,254
Stories: —
Lot Size: 1.56 acres
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1965
County: Washington County
APN: R736653
Home facts updated by county records on Sep 4, 2026
Around this home
Schools
Banks Elementary School
Public K-5 • Assigned • 3.5mi
7/10
Banks Middle School
Public 6-8 • Assigned • 3.7mi
3/10
Banks High School
Public 9-12 • Assigned • 3.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
8 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Forest Grove, OR • 97116
Average low and high temperatures (°F)
48
33
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35
57
41
65
42
72
47
78
53
84
56
85
59
79
54
62
44
52
41
50
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.3 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$505,000 – $611,000
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