50K price reduction! Colonial Heights stunner located just minutes from the vibrant shops and restaurants of the Division and Hawthorne neighborhoods. This exceptional home offers high-end finishes and a thoughtfully designed floor plan. Built in 2006, it’s a rare contemporary build that still has the timeless Colonial architectural head turning features. Perched above the street which allows for city views from the west side windows. Enter this grand home with a 2 story high entry way and double doors. The main level features a spacious great-room-style kitchen, eating nook and family room—as well as an office/library, formal dining room and formal living/ music room.Upstairs, you'll find four generously sized bedrooms all with ensuite bathrooms. Primary suite has a large bathroom with soaking tub, double vanity, walk in shower and walk in closet. Large laundry room on the same level as the bedrooms. The lower level offers bonus flex space with a large open room, a 5th bedroom and a full bathroom. —perfect for a guest suite or mother-in-law quarters. Premium features include approximately 2,000 sq. ft. of cherry hardwood flooring, a granite slab kitchen counter, a marble slab primary bath, crown molding, solid core doors, and soaring ceilings—10 feet on the main level and 9 feet on the upper and lower floors. Modern conveniences include heat pump and central furnace with an electronic air filter, hard wired internet, stainless steel appliances, and an oversized garage with an EV charger outlet.This home blends elegance, comfort, and functionality in a prime Portland location. Don't miss this opportunity
Single-familyProperty Type
2006Year Built
4,791 sq ftLot Size
$351Est. Price/Sq.Ft.
2 car garageParking
Listed by Angela Stevens• Keller Williams Realty Professionals
Live the dream in Colonial Heights! Exceptionally rare custom home in the heart of Portland's hottest neighborhood! Enjoy the shops & restaurants on Division/Hawthorne/Belmont. High end finishes & luxurious floor plan includes a main floor library/den w/fireplace, family room & huge office plus a great room kitchen. 4 bedrooms up and a bedroom & full bath on the lower level (this could be a great mother-in-law or guest space).
Public Records
May 23, 2007
Sold
$812,000
$204/sq ft
Public Records
Jan 24, 2005
Sold
$210,000
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$20,167 (+3.7%)
2024
$19,442 (+4.0%)
2023
$18,695 (+2.2%)
2022
$18,290 (+1.7%)
2021
$17,980 (+9.0%)
2020
$16,495 (+3.8%)
2019
$15,888 (+3.0%)
2018
$15,421 (+4.3%)
2017
$14,780 (+9.3%)
2016
$13,525 (+4.3%)
2015
$12,964 (+4.5%)
2014
$12,406 (+10.6%)
2013
$11,218 (+4.7%)
2012
$10,710 (+1.0%)
2011
$10,601 (+1.3%)
2010
$10,465 (+2.7%)
2009
$10,191
Tax history for 2508 SE Stephens St
Year
Property tax
Land + Additions
Assessment*
2025
$20,167 (+3.7%)
2024
$19,442 (+4.0%)
2023
$18,695 (+2.2%)
2022
$18,290 (+1.7%)
2021
$17,980 (+9.0%)
2020
$16,495 (+3.8%)
2019
$15,888 (+3.0%)
2018
$15,421 (+4.3%)
2017
$14,780 (+9.3%)
2016
$13,525 (+4.3%)
2015
$12,964 (+4.5%)
2014
$12,406 (+10.6%)
2013
$11,218 (+4.7%)
2012
$10,710 (+1.0%)
2011
$10,601 (+1.3%)
2010
$10,465 (+2.7%)
2009
$10,191
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
4.5
Stories
2
Lot width
53 ft.
Lot depth
87 ft.
Lot size
4,611 Sq. Ft.
Year renovated
2006
Sq. Ft.
3,989
Year built
2006
Style
Single Family Residential
County
Multnomah County
APN
R178590
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
R5
Residential 5,000 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Dec 10, 2025 • Final
Electrical
Electrical
Aug 21, 2025 • Final
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
Parking
Parking Information
Parking Features: Driveway
Parking Total: 2
Garage Information
Garage Type: Attached
Garage Spaces: 2
Has Attached Garage: Yes
Interior
Virtual Tour Information
Virtual Tour Type: Virtual
Has Virtual Tour Unbranded: Yes
Appliances
Appliances: Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite, Island, Pantry, Stainless Steel Appliance(s), Tile
Hot Water Description: Gas
Interior Features
Interior Features: Garage Door Opener, Granite, Laundry, Soaking Tub, Wall to Wall Carpet, Wood Floors