11000 S Riverwood Rd in Portland sells for $5.29 million

A single-family home at 11000 S Riverwood Rd in Portland sold for $5,295,000, 59% above its recorded market value of $3,320,720. The Multnomah County Assessor's sales records date the sale to October 15, 2026.

An aerial photo shows the parcel sits directly on a river, with other houses around it.

The record lists Jerre Pierson III and Susan M Olsson as the buyer. Assessor's records show 7,278 square feet of living area, a build year of 1991 and a 0.71-acre lot.

At that size, the price works out to $728 per square foot. Listing data shows 3 bedrooms and 4 bathrooms.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Multnomah County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $10,731 for the owner's title insurance policy and $650 for the escrow fee. Who pays what follows Multnomah County custom.

How much did the seller net?

By our estimate, the seller netted about $5,004,839. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $1,141,508 at closing. That covers the down payment and closing costs.

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