RealtyLens
for saleRealtyLens property overview
$649,900

8416 SW Cedarcrest St

Portland, OR, 97223
View more Portland, OR property pages
4Beds
2.5Baths
2,455Sqft
$265$/sqft

Listing Notes

**OPEN SAT 5/9 from 1-3PM!** Nestled along a private drive, this beautifully refreshed home offers a rare blend of privacy, natural light, and thoughtful updates throughout. Expansive windows, high ceilings, and an open-concept layout create a bright, inviting interior with tranquil views of the surrounding trees and nearby nature preserve. The main level features a formal dining room, a spacious kitchen with a granite eating peninsula, and an oversized living room anchored by a cozy gas fireplace. Upstairs, the primary suite provides a peaceful retreat with a refreshed en-suite bath, generous walk-in closet, and serene outlooks to the surrounding greenery. Three additional bedrooms and a full bathroom complete the upper level, offering flexibility and convenience. Recent improvements include refinished hardwood floors, new carpet, fresh interior paint, updated lighting, landscaping, and a newer heat pump system, ensuring true move-in-ready comfort. In addition, the home has ample off-street parking and an abundance of storage. Ideally located with easy access to Metzger Park, Washington Square, Trader Joe's, Hwy 217, and I-5, this home offers a combination of privacy, modern updates, and everyday convenience.

Market Insights

Below nearby median-15%

$265/sqft vs a nearby median of $313/sqft.

Nearby median$313/sqft
Nearby properties8
Property size2,455 sqft
  • -15% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,455 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$762k$686k$838k · 40% confidence
vs ask $650k−$112k (−17.2%)

Asking price is about 17.2% below the fair value — likely to draw competing offers if it's still on market.

$306/sqft median across 3 tight comps × 2,455 sqft= $751k
  • Modern construction+$11k +1.5%
Cumulative NYC adjustments+$11k+1.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-15% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
5 days
Last price change
No change recorded
Listed
May 7, 2026
Photos
46 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$649,900for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.