Month: October 2008

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Lake Oswego Open Houses – October 11 – 12, 2008

A beautiful weekend awaits home shoppers hoping to get a peek at Lake Oswego real estate.

Here’s the list of Lake Oswego open houses for Saturday and Sunday:

Date Time MLS # Address
List Price
Bdrms
Baths
Total SF
10/12/08 1-3pm 8097832 12868 BOONES FERRY RD
$349,900
2
2.1
1,136
10/12/08 1-3pm 8061257 18963 SW LONGFELLOW AVE
$369,900
3
1.1
1,232
10/12/08 2-4pm 8097203 6 SUMMIT RIDGE CT
$375,000
2
2.1
1,750
10/12/08 12 – 2pm 8097330 12251 ORCHARD HILL RD
$389,500
3
2
1,868
10/11/08 12pm-2pm 8070627 2256 GLENMORRIE DR
$415,000
3
2
1,798
10/12/08 1-4pm 8091009 1130 LAUREL ST
$479,000
4
2
2,800
10/12/08 2:30 – 4 8053800 455 10TH ST
$498,850
2
2
2,284
10/12/08 1-3pm 8095301 3355 UPPER DR
$539,000
4
2
3,205
10/12/08 12-2pm 8097235 21 CONDOLEA DR
$624,900
3
2.1
2,750
10/12/08 1-3pm 8041635 17083 FERNWOOD DR
$645,000
5
3
2,868
10/12/08 12-2pm 8066402 1141 TROON RD
$677,950
4
3
2,522
10/11/08 1-3pm 8097584 3886 TAMARACK LN
$699,900
4
3.1
4,010
10/12/08 1-3pm 8097584 3886 TAMARACK LN
$699,900
4
3.1
4,010
10/12/08 1-3pm 8096115 615 LAKE BAY CT
$739,900
3
3
2,542
10/12/08 1-3pm 8097301 840 Evergreen RD
$875,000
4
2.1
2,765
10/12/08 1:00-3:00 8057344 3030 SW WESTVIEW CT
$959,000
4
2.1
3,400
10/12/08 1-4pm 8083109 17878 HILLSIDE DR
$995,000
5
3
3,462
10/12/08 1-3pm 8003164 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
10/12/08 1-3pm 8037111 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
10/12/08 1-3pm 8056075 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
10/12/08 1-3pm 8097960 657 OAK MEADOW DR.
$1,395,000
4
3.1
4,371
10/12/08 1-3pm 8035967 18224 Bella Terra DR
$1,395,000
4
4
4,050
10/12/08 1-3pm 8011074 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
10/12/08 1-3pm 8035813 18110 Siena DR
$1,650,000
4
3.1
4,311
10/12/08 11-1 PM 8087043 13200 THOMA RD
$2,395,000
5
5.2
7,648

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. Listings courtesy of RMLS.

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Where did the Lake go?

Sewer CoverOne of the things that I always explain to anyone buying a home in Lake Oswego, and particularly a lakefront home, is that the lake has a history of routine maintenance that occasionally requires a draw down of the water level.

For years this was done every other winter. Remember that while there is a natural lake area that is fed by the Tualatin River, much of the lake was enlarged by man and the water level is controlled via the in-take gate at the Tualatin River and the dam along McVey Avenue.

In the past the reason for the draw down was to allow homeowners to repair seawalls and do maintenance on their boat houses. It was also used as a way to flush the lake of water that had grown stagnant and re-fill it with new water to help control the build up of algea.

Then a few years ago the Lake Corporatation installed aerators that added oxygen to the water and lessened the need for such frequent draw downs as a means of keeping the lake clean. So it has been awhile since there has been a draw down of the lake water.

That will be changing in the fall of 2010.

Beginning this fall, the City of Lake Oswego is in the preliminary stages of what is known as the Lake Oswego Interceptor Sewer Project. Basically, the sewer that now serves 2/3 of the city is submerged 14 to 21 feet under the lake. It was built in the 1960’s and is vulnerable to earthquake damage as well as being too small to accommodate the needs of the community. So a new interceptor will be constructed and that is going to have an impact on how the lake looks and how we are able to use it.

There will be 3 phases to the construction. Phase one is beginning now. It involves obtaining permits, securing funding, and obtaining bids. This is all the paper shuffling stuff, and while citizen input is encouraged, unless you make an effort to get involved, you won’t see anything different happening.

Phase two is in-lake construction that can be done from barges without drawing down the water. This phase is expected to begin in early 2009 and last about a year. During this phase you will see numerous barges on the lake and you will also see construction access points and large quantities of materials being stored at various locations. Access points are expected to be at the Alder Point and the Maple Circle easements.

The last phase is when the water draw down is to occur. This phase is expected to begin in September of 2010 and be completed by Spring of 2011. The idea is to have it completed by summer to allow the normal summer use of the lake. As with all construction projects, I’d advise being a bit flexible on that one. Construction access points will expand to also include the Lake Corporation Marina on McVey Avenue, the Allen Road Easement, and the Northshore Bridge Easement.

For full details on the Sewer Interceptor Project click here.

So don’t be surprised when there is an occasional draw down of the lake level. It has happened many times over the years, and it will certainly be happening in the near future.

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Lake Oswego Real Estate Activity – September 29-October 5, 2008

Eighteen properties gained new owners or went under contract over the past week in the Lake Oswego real estate market.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (September 29-October 5, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4 TOUCHSTONE
$119,900
2
2
984
CONDO
9/30
45 EAGLE CREST DR
$142,500
1
1
600
CONDO
10/5
4000 CARMAN DR
$144,000
1
1
767
CONDO
9/30
47 SW EAGLE CREST DR
$144,500
2
1
932
CONDO
10/3
86 KINGSGATE RD
$159,900
2
2
849
CONDO
10/3
5857 CARMAN DR
$278,900
2
1
972
DETACHD
10/2
5555 SW BONITA RD
$289,000
3
2
2,364
DETACHD
9/29
15450 SW KIMBALL CT
$299,000
4
1.1
1,104
DETACHD
10/4
18951 ARROWWOOD AVE
$339,000
3
1.1
1,384
DETACHD
10/3
4980 GALEN ST
$369,900
2
2.1
1,552
ATTACHD
9/30
4411 LAKEVIEW BLVD
$379,000
4
2
1,828
DETACHD
9/30
1260 LARCH ST
$429,000
3
2.1
2,320
DETACHD
10/1
5051 TUALATA LN
$429,900
4
2
1,591
DETACHD
10/3
4672 WINTHROP CT
$439,900
3
2
1,680
DETACHD
9/30
3355 UPPER DR
$539,000
4
2
3,205
DETACHD
9/29
20 WALKING WOODS DR
$549,900
5
3
3,144
DETACHD
9/29
17845 HILLSIDE WAY
$579,500
5
3
2,820
DETACHD
10/4
3211 ALBER SPRING CT
$679,000
4
2.1
3,002
DETACHD
9/30
13222 DEERFIELD CT
$689,500
4
2.1
3,022
DETACHD
9/29
1189 SUNNINGDALE CT
$724,000
3
2.1
2,056
DETACHD
10/1
615 LAKE BAY CT
$739,900
3
3
2,542
DETACHD
9/30
524 WEIDMAN CT
$799,000
4
2.1
3,450
DETACHD
10/3
14270 EDENBERRY DR
$845,000
4
2.1
2,935
DETACHD
10/3
801 NORTHSHORE RD
$879,900
4
3
2,144
DETACHD
10/2
4378 ALBERT CIR
$899,000
3
3
3,735
DETACHD
10/3
13915 SUNDELEAF DR
$998,000
4
3.1
4,090
DETACHD
10/1
695 5TH ST
$1,185,000
4
3.1
3,789
DETACHD
9/29
610 9th ST
$1,225,000
4
3.1
3,690
DETACHD
10/1
3515 UPPER DR
$1,395,000
4
3.1
4,061
DETACHD
10/3
2250 SOUTHSHORE BLVD
$1,640,000
4
4.1
4,392
DETACHD
9/29
2572 GLEN EAGLES PL
$2,395,000
5
4.2
6,490
DETACHD
10/3

PENDING SALES (September 29-October 5, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
4 TOUCHSTONE
$99,900
2
2
984
CONDO
135
28 GREENRIDGE CT
$287,500
2
1.1
1,900
ATTACHD
122
15200 TWIN FIR RD
$424,900
3
2.1
2,329
DETACHD
139
14588 WILMOT WAY
$429,900
4
3
2,238
DETACHD
34
2600 BREE CT
$435,000
4
2.1
2,895
DETACHD
193
107 3RD ST
$495,000
3
2
1,204
CONDO
29
17162 WARREN CT
$519,900
4
2.1
2,231
DETACHD
126
5624 SOUTHWOOD DR
$599,900
4
3
3,120
DETACHD
390
13984 CHELSEA DR
$698,000
4
2.1
3,187
DETACHD
16
353 D AVE
$825,000
4
2
3,228
DETACHD
385
16737 MAPLE CIR
$1,325,000
3
3
1,683
DETACHD
155

SOLD (September 22-28, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
96 OSWEGO SMT
$152,500
$134,470
1
1
764
CONDO
220
48 EAGLE CREST DR
$269,000
$225,300
2
2
1,545
CONDO
236
5400 SW DAWN AVE
$367,000
$340,000
3
1
1,216
DETACHD
81
17650 ARBOR LN
$439,900
$375,000
3
3
2,043
DETACHD
345
17944 RIDGE LAKE DR
$525,000
$520,000
4
2.1
2,525
DETACHD
55
13234 DEERFIELD CT
$779,000
$690,000
4
3
3,366
DETACHD
118
1606 BAY VIEW LN
$1,169,000
$994,000
5
3.1
4,288
DETACHD
103

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.

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Lake Oswego Open Houses – October 4-5, 2008

Whoa…a copious number of open houses this weekend in Lake Oswego. If you’re in the $1M+ price range, this list ought to keep you busy.

Here’s the list of Lake Oswego open houses for Saturday and Sunday:

Date Time MLS # Address
List Price
Bdrms
Baths
Total SF
10/5/08 1 to 4pm 8071442 5487 SW TUALATA CT
$285,000
3
3
1,500
10/5/08 12:-30-3:30 8060647 4458 THUNDER VISTA LN
$334,500
3
2.1
2,200
10/5/08 1-3pm 8095056 57 GREENRIDGE CT
$349,900
2
2
1,314
10/5/08 1-4pm 8089458 918 LAKE FRONT RD
$399,999
2
1
921
10/4/08 12pm-2pm 8070627 2256 GLENMORRIE DR
$415,000
3
2
1,798
10/5/08 2:30-4:30 8093016 75 CONDOLEA WAY
$449,000
3
3
2,131
10/5/08 12 to 3 8082573 668 4TH ST
$449,900
2
2
1,502
10/5/08 2-4pm 8068876 1265 ROCKINGHORSE LN
$459,000
4
3
2,402
10/5/08 1-3pm 8095301 3355 UPPER DR
$539,000
4
2
3,205
10/5/08 1:00-3:00 8083631 17445 LAKE HAVEN DR
$579,900
4
3
2,949
10/5/08 2-4pm 8066402 1141 TROON RD
$677,950
4
3
2,522
10/5/08 1-4PM 8096025 3211 ALBER SPRING CT
$679,000
4
2.1
3,002
10/5/08 1-3pm 8048262 17561 SHEPHERDS CT
$699,950
4
2.1
3,011
10/5/08 1-3pm 8078098 5960 CLAIRMONT CT
$749,000
4
2.1
3,000
10/4/08 Noon – 2 8090484 3885 UPPER DR
$799,900
4
2.1
3,122
10/5/08 1-4 PM 8084663 426 7TH ST
$875,000
4
2.1
2,902
10/5/08 2:00-4:00 8057344 3030 SW WESTVIEW CT
$959,000
4
2.1
3,400
10/5/08 12-3pm 8075613 15540 VILLAGE DR
$988,000
5
2.1
3,780
10/5/08 1-4pm 8083109 17878 HILLSIDE DR
$995,000
5
3
3,462
10/5/08 2:00-4:00 8062673 3407 LAKE GROVE AVE
$1,138,000
4
3.2
4,475
10/5/08 3-5pm 8027815 14067 GOODALL RD
$1,149,000
4
3.1
3,784
10/5/08 1-3pm 8035828 18253 Siena DR
$1,274,500
5
4
4,281
10/5/08 1-3pm 8003164 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
10/5/08 1-3pm 8037111 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
10/5/08 1-3pm 8056075 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
10/5/08 1-3pm 8035967 18224 Bella Terra DR
$1,395,000
4
4
4,050
10/5/08 1-3pm 8035973 18231 Siena DR
$1,425,000
4
3.2
4,064
10/5/08 3-5pm 8079793 943 SW ATWATER RD
$1,435,000
4
2.1
3,874
10/5/08 1-3pm 8011074 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
10/5/08 1-3pm 8035974 18209 Siena DR
$1,525,000
5
4.1
4,400
10/5/08 1-3pm 8035813 18110 Siena DR
$1,650,000
4
3.1
4,311
10/5/08 11am-1pm 8087043 13200 THOMA RD
$2,395,000
5
5.2
7,648

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. Listings courtesy of RMLS.

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Cost vs. Value for Your Remodeling Dollar

You may have noticed that the market has been changing for awhile now. Many buyers are out this fall scouting for great deals (they are not hard to find!), and many sellers who are pricing and marketing appropriately are benefiting from the uptick in activity in Lake Oswego (see Ron’s blog post of Monday 9/29). It is also true that some decided in the spring and summer to spruce up their homes in anticipation of changing market conditions, and the expectation of reaping some profit from their efforts when the time comes to sell.

I thought you might find it interesting to note some of the trends in the 2007 “cost vs. value” report for the Portland area according to www.costvsvalue.com. The data for Portland is “Pacific” data as compared to national averages. Here are some tidbits to hopefully give you an idea of what you might expect as a return for your remodeling investment according to this report:

Midrange Projects: Pacific / National Average

Deck Addition/Wood / 108% / 85.4%

Minor Kitchen Remodel / 103.5% / 83%

Window Replacement/Wood / 102.9% / 81.2%

Window Replacement/Vinyl / 98.5% / 79.3%

Basement Remodel / 96.8% / 75.1%

Bathroom Remodel / 96.6% / 78.3%

Major Kitchen Remodel / 96.6% / 78.1%

Two-Story Addition / 90.9% / 73.9%

Garage Addition / 88% / 69.5%

Master Suite Addition / 87.2% / 69%

Roofing Replacement / 85.1% / 67.4%

Family Room Addition / 84.8% / 68.6%

Bathroom Addition / 83.5% / 66%

Upscale Projects:

Window Replacement/Wood / 103.4% / 79.3%

Window Replacement/Vinyl / 100.7% / 81%

Deck Addition/Composite / 98.4% / 77.6%

Major Kitchen Remodel / 88.9% / 74.1%

Bathroom Remodel / 84.7% / 68.4%

Bathroom Addition / 84.1% / 69%

Roofing Replacement (Steel) / 79.9% / 65.7%

Garage Addition / 78.1% / 64.6%

Master Suite Addition / 77.3% / 64.1%