Lake Oswego is a pretty special town. There is no neighborhood in LO that I would not want to live, but there are also a few neighborhoods that are true standouts. At the top of that list, for me, is First Addition.
What makes it so special is its proximity to all of the fun stuff: stores, restaurants, transit, the library, the Adult Community Center, the Gallery Without Walls, and Tryon Creek State Park. It’s vibrant!
Today’s featured property sits in the heart of First Addition at the corner of 6th and G. Built in 1952, the house has 3662 square feet with 5 bedrooms, 3 bathrooms, 3 fireplaces, and a solarium. The lot is oversized at approximately 9800 square feet. There is a large detached garage and room for boat or RV parking. Very well maintained, including new PEX plumbing, the house is in need of cosmetic upgrades. Priced at $1,450,000, this is your opportunity to remodel or redevelop in one of the best locations that LO has to offer.
If you follow local news, you have likely seen and heard articles about the controversy over public access to Oswego Lake. 13 years ago a local gentleman began a court battle to allow public access to the lake. After winding through various courts, a judge deemed that the lake, because it is navigable, is a public waterway. Over the past week or so, various kayakers and paddle boaters have been accessing and using the lake.
I feel like I see this from both sides. There’s an inherent philosophy in Oregon that water belongs to everyone. Oregon historically deemed many years ago that beaches on the coast are public and not private. If you can get to the sand, you can walk on the sand. This seems to mostly hold true for rivers, creeks and lakes as well. Certainly some bodies of water are so small that they are merely scenic and not useful for recreation. I’ve been in many homes that have small streams in their yards and no one would question that the property owner does not have to allow all of the neighborhood on their property to wade in the little stream. Their right to private use is just not questioned.
I think that this is the basis for the controversy over the lake.
Oswego Lake historically was a very small body of water. Much of it was marshy. It was enlarged and improved by the Oregon Iron and Steel Company beginning in 1850 (before Oregon was even a state). The purpose for the enlargement was to create a dam and to power the steel company’s manufacturing efforts. They cleared out the marshes and excavated to allow water to come in from the Tualatin River, to flow the length of the lake, and to exit via a dam to the Willamette River. With these efforts, the lake very much became navigable. But bear in mind that most of the lake is man made. It is also currently man maintained.
Silt and debris fills the lake. It takes man to remove the silt and to keep the water as clean as possible.
In 1942 the Oregon Iron and Steel Company deeded the lake bed and the rim of the lake to the Lake Oswego Corporation. The Lake Corp is privately funded by the people who have access to the lake via living on it or having deeded easement rights to it. The funds come from annual assessments that are privately paid and do not involve public money, such as property taxes. It is completely funded, privately.
If you buy a house on the lake you have a one-time fee of about $7500 and then annual dues of several hundred dollars. The easements are less expensive with one-time fees of $500-$3500, and then annual dues of several hundred dollars. There are about 4000 households in Lake Oswego with access to the lake.
In the many years that I have lived in Lake Oswego I have watched the water quality deteriorate and then be improved. For decades people dropped grass clippings into the water. Add to that the run off from fertilized lawns, and it created a smelly mess. The Lake Corp stepped in. They established rules to stop the behavior that was creating the problem. They put in several aerators at various locations to infuse the water with air. Several years ago they drained the lake and excavated the silt from the bottom of the lake.
The Lake Corp has a paid staff of eight people. To put anything into the lake, even a paddle board, you have to have the vessel inspected and then pay an annual licensing fee. This helps assure that invasive species don’t contaminate the water. The Lake Corp also has a security boat that patrols the lake during heavy use to assure that only licensed crafts are on the lake and to insure the use of life vests.
All of this is done at no cost to the public.
My question now is this. If the public has access, will the public start paying for the cost of maintaining the lake? Do people in Portland, Beaverton and Oregon City want to be taxed to maintain the water?
Yes, I understand the logic of seeing a body of water and feeling like everyone should be able to use it. But the situation at Oswego Lake is pretty unique. I don’t have the answer here, but it will certainly be interesting to see how it plays out. I also hope that people who use the lake will take every precaution to stay safe. I am aware of at least one incident in which someone chose to swim across the lake and got severely injured by a power boat. Is the public aware that if you are not in a boat you need to stay between to buoys and the shore line? Bottom line, in my opinion, is that if the public is going to use the lake, they need to start paying the cost of the upkeep, and they need to know the rules for safety if they go into the water.
Last week in Lake Oswego there were 13 properties that came onto the market. One of those sold quickly and appears in this report as a pending sale. 13 properties accepted offers and are now in pending status. 8 properties closed escrow and are now officially sold.
See below for RMLS data.
New on the Market March 3-9, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
47 Eagle Crest Dr #11
Condo
$265,000
2
1
932
4000 Carman Dr E-68
Condo
$275,000
1
1
836
3433 McNary Pkwy #804
Condo
$350,000
2
2.5
1136
16808 Inverurie Rd
Detached
$645,000
3
2
1182
4664 Firwood Rd
Detached
$775,000
3
2
1552
11 Touchstone
Detached
$875,000
4
3.5
2750
5687 Ridgetop Ct
Detached
$999,990
3
2.5
2598
17623 Brookhurst Dr
Detached
$1,595,000
4
3.5+.5
4486
5236 Lower Dr
Detached
$1,650,000
4
2.5
3306
6441 Mission Ct
Detached
$1,795,000
4
3
3201
4440 Upper Dr
Detached
$2,045,000
4
3.5
3660
850 York Rd
Detached
$4,500,000
5
5.5
5380
Pending Sales March 6-9, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
DOM
4 Touchstone #90
Attached
$310,000
3
2.5
1351
20
206 Oswego Summit
Condo
$429,900
2
2
1550
7
14 Greenridge Ct
Attached
$650,000
4
2.5
1896
3
107 Kingsgate Rd
Detached
$659,900
3
2
1516
148
578 2nd St
Condo
$775,000
2
2.5
1361
147
1571 Bay View Ln
Detached
$1,175,000
3
3.5
2854
206
2944 Vale Ct
Detached
$1,375,000
4
2.5
3656
15
725 Oak Meadow Ct
Detached
$1,550,000
4
2.5+.5
3753
2
17075 Old River Dr
Detached
$1,749,000
3
3.5
3292
17
649 9th St
Detached
$2,195,000
3
2.5
2812
43
1032 Westward Ho Rd
Detached
$2,395,000
4
3.5
4277
44
17379 Canal Cir
Detached
$2,775,000
5
4
3702
21
17550 Lake Haven Dr
Detached
$2,775,000
4
3
3473
32
Sold/Closed March 3-9, 2025
Address
Type
List Price
Sold Price
Sq Feet
CDOM
44 Eagle Crest Dr #28
Condo
$299,999
$300,000
1085
10
60 Condolea Ter
Condo
$445,000
$391,610
2784
77
18572 Longfellow Ave
Detached
$719,900
$600,000
1611
197
19250 Maree Ct
Detached
$739,000
$699,030
1519
9
1176 Troon Rd
Detached
$1,400,000
$1,150,000
3022
76
14309 Edenberry Dr
Detached
$1,149,900
$1,150,000
3011
4
2033 Ridgewood Rd
Detached
$1,250,000
$1,161,000
2724
186
260 Iron Mountain Blvd
Detached
$3,998,000
$3,700,000
6048
14
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings
This year is the 19th annual presentation of the Lake Oswego Reads event and the selected book is “How to Read a Book” by Monica Wood. It certainly seems like an appropriate selection! The book centers around a young woman who is released from prison. It’s about forgiveness, second chances, the value of work, and so much more.
The annual book is selected by a steering committee that consists of teachers, students, librarians and volunteers. One member of the steering committee commented:
“This book left me with a glow of love which I would wish the community to share. But the book offered more than feelings—fascinating content about animal intelligence, the prison system, Spoon River Anthology, forgiveness and redemption,“ relates Steering Committee member Cherie Dupuis.
The month of April is choc full of free events to explore the book throughout the community. There are discussion groups, an art show and the culminating event, a presentation by the author. Take the time now to read the book so that you will be ready in April. The library does have multiple copies of both hard copies and eBooks.
For more information about LO Reads 2025, click here.
I’ve been reading the LO Reads selections since the beginning 19 years ago. They have consistently been great selections and several of the authors have become favorites of mine, whose books I turn to each time a new one is published. I feel like reading is a gift that I give to myself. Enjoy!
Things picked up in Lake Oswego real estate last week. There were 11 new listings and 5 of those sold in 3 days or less. That tells me that there are buyers chomping at the bit for houses to come onto the market. Those 5 houses that sold so fast appear in this report as pending sales. There were 17 properties in total that entered into pending status as 6 closed transactions.
See below for RMLS data.
New on the Market Feb 17-23, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
15 Masaryk St
Detached
$800,000
4
3
3864
17185 Warren Ct
Detached
$950,000
3
2.5
2418
2944 Vale Ct
Detached
$1,375,000
4
2.5
3656
17075 Old River Dr
Detached
$1,749,000
3
3.5
3292
1178 Tyndall Ct
Detached
$1,850,000
4
3.5
3982
17643 Kelok Rd
Detached
$2,475,000
4
3
2510
Pending Sales Feb 17-23, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
DOM
38 Cervantes Circle
Condo
$289,950
2
1.5
912
49
620 Maple St
Detached
$435,000
2
1
1168
6
4323 Lakeview Blvd
Detached
$620,000
4
2
1483
48
19250 Maree Ct
Detached
$739,000
3
2.5
1519
9
5051 Tualata Ln
Detached
$799,900
3
2
1581
7
17867 Sundown Ct
Detached
$849,900
3
3.5
2799
2
313 3rd St
Attached
$985,000
3
3.5
1927
2
1100 Schukart Ln
Detached
$999,900
4
2.5
3113
3
4968 Bilford Ln
Detached
$1,049,950
3
2.5
2365
3
15988 White Oaks Dr
Detached
$1,099,000
4
2.5
2761
2
16176 Matthew Ct
Detached
$1,299,900
4
2.5
3474
224
3037 Tolkien Ln
Detached
$1,350,000
4
3
3159
13
18336 Westview Dr
Detached
$1,575,000
4
4
4921
3
16900 Gassner Ln
Detached
$1,649,998
4
3.5
3953
18
17901 Tamara Ave
Detached
$1,748,000
4
3
3257
96
52 Leonard St
Attached
$1,770,000
4
5
3390
33
54 Leonard St
Attached
$1,770,000
4
5
3390
34
Closed/Sold Feb 17-23, 2025
Address
Type
List Price
Sold Price
Sq Feet
CDOM
205 Cervantes
Condo
$325,000
$327,000
1216
12
1760 Oak St
Detached
$675,000
$644,000
1680
5
2855 Brookside Rd
Detached
$1,798,000
$1,575,000
4046
186
18218 Meadowlark Ln
Detached
$2,575,000
$2,558,090
8474
9
2164 Goodall Ct
Detached
$4,600,000
$4,000,000
6899
191
3434 :Lakeview Blvd
Detached
$7,998,000
$6,300,000
7656
604
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
Hunger Fighters Oregon is a local food resource for those experiencing food insecurity. Located across the street from the Mountain Park Shopping Center, 4 Monroe Parkway, it distributes food on Mondays, Wednesdays and Fridays. They are in need of volunteers to help with cleaning and gleaning.
The cleaners work in small teams organizing the food donations so that the food pantry is organized and ready to go before they open to the public.
The gleaners travel to Gleaners of Clackamas County and collect the food that is donated there and then bring it back to the pantry and organize it.
Please also remember that donations are accepted 24/7 at the donation closet that is outside of the pantry next to the front door.
Real estate activity in Lake Oswego was slow last week with just 2 new listings, 7 pending sales, and 5 sold/closed properties.
See below for RMLS data.
New on the Market Feb 3-9, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
4268 Woodside Circle
Attached
$624,900
4
2
2026
4583 Trillium Woods
Attached
$809,000
3
2.5
2004
Pending Sales Feb 3-9, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
DOM
4 Touchstone #103
Condo
$300,000
3
2.5
1351
228
5062 Foothills Dr A
Condo
$405,000
1
1.5
1252
35
3021 Laurel St
Detached
$789,000
3
2
1988
64
800 Woodway Ct
Detached
$1,095,000
4
3
3354
22
3485 Upper Dr
Detached
$1,575,000
4
2.5
3334
65
1131 Skyland Dr
Detached
$2,850,000
4
5.5
6320
20
3434 Lakeview Blvd
Detached
$6,995,000
5
6.5
7656
259
Sold/Closed Feb 3-9, 2025
Address
Type
List Price
Sold Price
Sq Feet
CDOM
45 Eagle Crest Dr #506
Condo
$230,000
$225,000
600
131
45 Eagle Crest Dr #313
Condo
$249,900
$244,900
1056
141
4 Touchstone #63
Condo
$310,000
$310,000
974
26
4316 Botticelli St
Condo
$450,000
$450,000
2260
8
12535 Boones Ferry Rd
Detached
$479,900
$503,000
1829
3
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
This next week we will be flirting with snow and winter weather most of the week. Just over a year ago Lake Oswego had a massive winter storm that felled trees, knocked out power, and generally wreaked havoc. Those sorts of storms are rare. This winter has, in fact, been very mild. But you just don’t know. The time to prepare is before the storm hits.
Last winter my household was without power for 6 days. We do have equipment to cook and heat, all indoor rated, that require propane. We had to go to Hillsboro, a part of the metro area that wasn’t hit hard by the storm, to find propane. Around LO, it was all sold out. I never want to be caught in that situation again.
PGE puts out a really simple list of things that you can do to prepare for a storm:
Make sure that you have medication. If it needs refrigeration, have a cooler that you can put ice in.
If you have a generator, make sure that you have fuel and extension cords.
Plan to use flashlights instead of candles and make sure that you have batteries and back-up batteries in sufficient supply.
Make sure that you have drinking water.
Charge up your electronics and plan a way to recharge those devices. Get an adaptor for your car. Consider also having a portable charger. We found a battery operated one that could charge our phones and our portable devices.
Purchase ice or freeze containers of water to put into your freezer and refrigerator. Last year it was so cold that we simply bagged up the contents of our refrigerator and freezer and put it out into the garage.
Keep handy a list of important phone numbers such as for the doctor, hospital, and veterinarian.
Make sure that your car is accessible.
So far, the forecast next week is just a flirtation with winter. No major storm is forecast, thank goodness. We will have the chance of winter storms for about 6 more weeks, so plan ahead. Stay safe and stay warm.
Last week in Lake Oswego there were 11 new listings, 7 houses that went into pending status with an accepted offer, and 7 houses that closed escrow and are now considered sold.
See below for RMLS data.
New on the Market Jan 20-26, 2024
Address
Type
Price
Bedrooms
Baths
Sq Feet
44 Eagle Crest Dr #28
Condo
$299,999
3
2
1085
4 Touchstone #69
Condo
$325,000
3
2.5
1351
4053 Jefferson Pkwy
Condo
$325,000
2
2.5
1462
3569 Sunwood Ct
Detached
$799,900
3
1.5
1650
17999 Ridge Lake Dr
Detached
$849,900
4
2.5
2659
5455 Childs Rd
Detached
$2,295,000
4
3.5
4038
16250 Reese Rd
Detached
$2,999,900
4
4.5
3420
1032 Westward Ho Rd
Detached
$2,395,000
4
3.5
4277
21 D Ave #1
Condo
$2,550,000
2
2.5
2566
1572 Chandler Rd
Detached
$4,495,000
5
4.5
4869
3012 Lakeview Blvd
Detached
$4,999,500
4
4.5
6442
Pending Jan 20-26, 2025
Address
Type
Price
Bedrooms
Baths
Sq Feet
DOM
100 Kerr Pkwy #47
Condo
$175,000
1
1
617
99
45 Eagle Crest Dr #313
Condo
$249,900
2
1.5+.5
1056
141
17975 Belmore Ave
Detached
$524,900
3
1
1012
6
71 Condolea Way
Condo
$620,000
3
3
2131
7
18850 Reao Ct
Detached
$1,795,000
4
3.5
3512
6
17787 Kelok Rd
Detached
$1,950,000
3
2
3083
174
18218 Meadowlark Ln
Detached
$2,575,000
4
6.5
8474
11
Sold/Closed Jan 20-26, 2024
Address
Type
List Price
Closed Price
Sq Feet
CDOM
47 Eagle Crest Dr #48
Condo
$220,000
$225,000
696
10
46 Crestield Ct
Condo
$319,900
$305,000
923
156
3433 McNary Pkwy #805
Condo
$350,000
$344,000
1136
96
4312 Botticelli Bldg B 38
Attached
$485,000
$467,500
2285
90
1640 Aspen St
Detached
$740,000
$715,000
1699
3
120 Kingsgate Rd
Detached
$715,000
$715,000
1699
3
5759 Washington Ct
Detached
$1,195,000
$1,195,000
2343
3
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
November through February are the leading months for carbon monoxide poisoning in the United States. It seems pretty obvious why. These are the coldest months of the year when we are in our homes, heating them, cooking, and living as warmly as possible.
Sources of carbon monoxide are surprisingly plentiful. Gas appliances such as furnaces, water heaters, and cooktops are obvious, but really, it’s bigger than that. Anything that burns gives off carbon monoxide. So things like oil furnaces and wood burning fireplaces also give off carbon monoxide.
When you sell your home you are required to have carbon monoxide detectors in the house.
There are also some simple steps you can take to stay safe:
Check you heating systems, fireplace, and gas appliances every year. Keep them clean and working properly.
Use caution with kerosene or gas space heaters.
Never use a gas range or oven to heat a home.
Use charcoal grills, hibachis or portable camping stoves outside.
Never run a gasoline powered engine (like for a generator) in a basement or enclosed structure.
Never leave the motor running in a vehicle parked in an attached garage or closed space.
It’s mostly common sense, but people being people, it’s good to get the word out.