Some homes have a story to tell. Beyond the winding driveway, this 1.48-acre creekside property unfolds like a storybook, with mature trees, peaceful views, and a sense of privacy that feels worlds away from the city. The thoughtfully updated 1940 home blends vintage soul with modern ease. Expanded with a second story, the main home offers 4 bedrooms, 3 full baths, a striking floating staircase, a cozy gas fireplace, exposed wood beam, beautifully renovated kitchen and bathrooms, dual laundry hookups, and a large basement ready for your vision. Gather under the covered patio, and let the outdoor fireplace carry the party into fall, surrounded by extensive garden beds that invite new stories to take root. The long driveway not only provides ample parking for RVs and recreational vehicles, but is also striped with pickleball court lines for a fun and unexpected recreational space. A separate detached ADU offers 3 bedrooms, 2 full baths, and a spacious deck—perfect for multigenerational living, visiting guests, or rental income. All this, just minutes from Downtown Milwaukie and Sellwood. Rarely does a property offer this much character, flexibility, and room to grow.
Bring a large family here or rent! All updated vinyl windows, hardwood on main level, updated kitchen & baths. Full basement w/kitchenette & separate entrance, huge covered patio with outdoor fireplace for summer & winter entertainment, all kinds of potential! Sold as-is. 2nd bldg SF, allowed usage & zoning to be verified by buyers.
Public Records
Aug 27, 1993
Sold
$70,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,144 (+13.2%)
2024
$9,843 (+13.4%)
2023
$8,683 (+17.8%)
2022
$7,372 (+7.9%)
2021
$6,835 (+3.3%)
2020
$6,615 (+1.5%)
2019
$6,519 (+14.4%)
2018
$5,697 (+3.4%)
2017
$5,511 (+3.8%)
2016
$5,311 (+3.0%)
2015
$5,158 (+5.8%)
2014
$4,875 (+1.2%)
2013
$4,817 (+2.4%)
2012
$4,704 (+0.6%)
2011
$4,678 (+6.0%)
2010
$4,414
2009
$4,414
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
1.48 Acres
Year renovated
—
Finished Sq. Ft.
3,545
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,545
Year built
1940
Style
Single Family Residential
County
Clackamas County
APN
00439608
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
R10
Urban Low Density Residential District
Urban Low Density Residential District is adopted to implement the policies of the Comprehensive Plan for Low Density Residential, Village Standard Lot Residential, Village Small Lot Residential, Village Townhouse, Medium Density Residential, Medium High Density Residential, High Density Residential, Special High Density Residential, Village Apartment, and Regional Center High Density Residential areas.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Multiple units
Recreation
Golf related
Aug 27, 2024 • Final
Building - electrical
Electrical
Solar
May 14, 2024 • Final
Building - electrical
Electrical
Electric meter
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.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 94° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
18 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97222
Average low and high temperatures (°F)
48
36
51
37
58
43
65
44
71
49
77
54
84
58
84
60
78
56
64
47
54
43
51
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
12/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
2.3 hrs
0.4 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5017 SE Aldercrest Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $650,000 and $980,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $980K.