The address says it all — Springwater Drive, steps from Portland's iconic 21-mile Springwater Corridor Trail. Whether you're a runner, cyclist, or dog walker, the trail is practically your backyard. Inside, this 4-bedroom, 2.5-bath home has been thoughtfully updated where it counts. The kitchen shines with quartz countertops, subway tile backsplash, new flooring, and updated fixtures. Fresh interior and exterior paint, newer carpet, newer roof, and a newer water heater mean the big-ticket items are already handled. Out back, a covered deck extends your living space year-round — a true Portland luxury. Out front, a paved concrete pad adds extra off-street parking, rare in SE. The real headline: an assumable loan at 3.25% with a $230,000 balance. In today's market, that rate is a gift. Ask your agent to run the numbers. Move-in ready. Priced to move. Come see it. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248489]
Est. $2,945 per month, based on comparable rentals
Sale and tax history for 7870 SE Springwater Dr
Sale History
Tax History
Date
Event
Price
RMLS #468378188
Jul 27, 2026
Sold
$470,000
$245/sq ft
Jun 30, 2026
Pending
—
Jun 8, 2026
Listed
$475,000
$247/sq ft
RMLS #16049907
Sep 15, 2016
Sold
$310,000
$161/sq ft
Jul 9, 2016
Pending
—
Jul 9, 2016
Price Changed
$310,000
$161/sq ft
Jul 1, 2016
Listed
$299,900
$156/sq ft
Home has been nicely maintained and move-in ready. Designer colors. 4 bedrooms with 2 1/2 bathrooms. Great location. Minutes to shopping, public transportation, community services, and easy access to the highway. Must see to appreciate. Please contact your Real Estate Agent for more information.
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jun 23, 2008 • Final
Mechanical
Install a new air conditioning system.
HVAC
Aug 4, 2006 • Final
Residential bldg/trade
New construction
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.