Author: Dianne Gregoire

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Featured Property: 116 Oswego Summit

View from condo
View from condo
I am super excited to share my new listing with you that is in Oswego Summit. This condo is literally on top of the world! It is a top-floor, end unit that has stunning views of the Valley, the Westhills, and the lights at night. With no neighbor above and being an end unit, it is quiet and serene.

The floorplan is open and filled with natural light due to the soaring, vaulted ceilings. There is a private balcony with room to relax and enjoy the fresh air. There is a storage closet off of the deck.

Living room
Living room
With 2-master suites, this home is ideal for roommates or guest accommodations. Both of the master suites have full baths and walk-in closets.

Tastefully decorated and in wonderful condition, there is new, 30-year, Armstrong laminate flooring throughout.

The washer, dryer, and refrigerator are included. There is a 1-car detached garage.

Kitchen
Kitchen
Part of Oswego Summit, the condominium complex has 2 swimming pools, an exercise room, and a party room. There is a one-time special assessment for all new exterior siding, roofs, windows and more that the current owner will pay for at closing.

Mt Park Swim Center
Mt Park Swim Center
This condominium is also part of the Mountain Park Home Owner’s Association. The recreation facility for Mt. Park is a short distance away and has a fantastic swim center, a basketball court, an exercise room and 15 miles of walking paths.

This condo is offered for sale for $147,000.

Please give me a call if you’d like more information or if you’d like to arrange to see the interior. As always, I can be reached at 503-803-6298.

Cheers!
Dianne

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Market Activity Feb 10-16, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 13 New properties enter the market, 15 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MARKET (Feb 10-16, 2014)

Address Type Price BR Bths SF
100 Kerr Pkwy #11 Condo $106,000 1 1 617
86 Kingsgate Rd E-104 Condo $127,000 2 2 938
15001 Boones Way Condo $249,000 3 2 1688
46 Condolea Ct Condo $357,000 3 3 2958
5079 Sunset Dr Attached $365,000 2 2.5 1760
17200 Warren Ct Detached $434,000 4 2.5 2241
1430 Woodland Terr Detached $469,000 5 3 3162
189 Coventry Ct Detached $514,900 3 2.5 1936
1428 Pine St Detached $550,000 3 3.5 2738
17573 Blue Heron Ct Detached $579,900 4 3 2401
737 Country Club Rd Detached $985,000 4 2.5 3250
14070 Goodall Rd Detached $1,195,000 4 3.5+.5 4525
2605 Southshore Blvd Detached $1,445,000 6 4.5 4550

PENDING SALES (Feb 10-16, 2014)

Address Type Price BR Baths SF DOM
3433 McNary Pkwy #206 Condo $124,700 2 2 1008 116
16915 Inverurie Rd Detached $279,950 3 2 1185 1
120 Condolea Dr Condo $337,500 3 3 2958 2
609 Ash St Detached $344,900 4 2 2192 3
146 Del Prado St Detached $399,000 4 3 3263 45
18555 Edgewood Ct Detached $419,900 3 2.5 2380 2
720 8th St Detached $425,000 3 2 1498 2
2400 Park Detached $477,500 4 2.5 1960 3
312 2nd St Attached $480,000 3 3.5 1938 9
4109 Wolf Berry Ct Detached $519,000 4 2.5 2661 88
14232 Meadow Grass St Detached $619,000 4 3 2965 12
17224 Cedar Rd Detached $835,000 3 2 3098 115
878 7th ST Detached $897,000 4 3.5 2858 4
49 Briarwood Rd Detached $950,000 3 2 2412 87
2607 Palisades Crest Dr Detached $989,000 5 4.5 5650 0

SOLD (Feb 10-16, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4000 Carman Dr #103 Condo $125,000 $125,000 818 13
200 Ridgeway Rd Condo $175,000 $168,000 988 33
12894 Boones Ferry Rd Condo $299,000 $290,000 1136 66
5057 Sunset Dr Attached $349,900 $336,000 1,720 32
1230 Hallinan Circle Detached $380,000 $399,000 1822 2
17200 Robb Pl Detached $439,000 $429,000 2218 8
12820 Alto Park Rd Detached $550,000 $430,000 1132 171
14136 Heathrow Ln Detached $699,000 $535,000 2955 624
12840 Alto Park Rd Detached $775,000 $645,000 3632 170
17323 Bergis Farm Dr Detached $1,280,000 $1,235,000 4297 194
4153 Westbay Rd Detached $1,349,000 $1,240,000 3374 193

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

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Open Houses 2/16/2014

This Sunday in Lake Oswego there are 17 open houses scheduled, including my own at 4216 Albert Circle. This is a great house, all on 1-level, with some great features for $459,000. I’ll be there from noon to 2pm. You’ll find my directional signs on Bryant Rd. Please come on by!

Last fall
Last fall
Address Price Type Bedroom Bath Open
6397 McEwan Rd $289,900 Detached 3 2 2 to 4
720 8th St $425,000 Detached 3 2 1 to 3
4216 Albert Circle $459,000 Detached 3 2 12 to 2
4109 Wolf Berry Ct $519,000 Detached 4 2.5 1 to 4
1428 Pine St $550,000 Detached 3 3.5 1 to 3
1830 Cloverleaf Rd $598,000 Detached 3 2.5 2 to 4
363 6th St $599,900 Attached 3 3.5 1 to 4
18020 Jenifers Way $609,881 Detached 4 2.5 1 to 4
19524 River Run Dr $618,950 Detached 4 2.5 1 to 3
14113 Amberwood Circle $684,000 Detached 4 2.5 1 to 3
13528 Twin Creek Ln $689,900 Detached 4 3.5 1 to 3
18982 Bryant Rd $719,900 Detached 4 3.5 1 to 3
1640 Oak St $725,000 Detached 4 2.5 12 to 3
67 Nansen Summit $1,050,000 Detached 6 4 2 to 4
316 Ridgeway Rd $1,225,000 Detached 4 3 2 to 4
17342 Ridgeview Ct $1,250,000 Detached 4 3.5 1 to 3
1345 Cherry Ln $1,295,000 Detached 5 3.5 1 to 4
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Featured Home: 4216 Albert Circle

Last fall
Last fall
It is a pleasure to share with you this gorgeous house at 4216 Albert Circle. This house is located in the Bryant Neighborhood, a well-established and quiet area that is close to Lakeridge Junior High School.

Today
Today
The house was built in 1980. It has a floor plan that is perfect for entertaining with rooms flowing one to another without dead-ends. There are expansive vaulted ceilings with 7 solar tubes to let in lots of natural light. There is a 2-sided fireplace that opens on one side to the family room and on the other side to a cozy inglenook in the living room.

The kitchen has been tastefully remodeled with tile backsplash, composite “Riverbed” counters, a garden window, and a pantry. The eat-in nook has wainscoting.

The house has 3 bedrooms, including a large master suite. The master suite has a full bath with double sinks and a walk-in closet.

Vaulted Living Room
Vaulted Living Room
With gas heat and central air, you’ll stay warm in the winter and cool in the summer. There is also circulating hot water for instant hot water from every tap. The circulation is on a timer for energy efficiency.

The house has great storage inside as well as in a full wall of cabinets in the garage.

I think what I like best about this house is the garden. It has been lovingly cared for and is beautifully landscaped. It is level and fully fenced. I am including photos I took last fall so that you can see the house at it’s prime.

Kitchen
Kitchen
Offered at $459,000, the house has 2130 square feet.

I will be holding this house open this Sunday, February 16th, from noon to 2pm. I hope you will come on by!

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Market Activity Jan 27-Feb 2, 2014

Last week in Lake Oswego brought us 18 new listings, 11 pending sales, and 11 closed sales.

Here is the breakdown according to RMLS:

New on the Market(Jan 27-Feb 2, 2014)

Address Type Price BR Bths SF
167 Oswego Summit Condo $159,900 2 2 1506
165 Oswego Summit Condo $199,900 2 2 1383
15491 Brianne Ct Attached $224,900 2 2.5 1208
16200 Pacific Hwy #35 Condo $299,000 2 2 1208
15115 Twin Fir Rd Detached $429,000 3 2 1392
4729 Lakeview Blvd Detached $450,000 3 2.5 2490
6150 Kenny St Detached $465,000 3 1.5 1989
319 3rd St Attached $507,000 3 3.5 1937
880 Woodway Ct Detached $525,000 4 3 3478
14232 Meadow Grass St Detached $619,000 4 3 2965
141 Del Prado St Detached $625,000 4 2.5 2788
53 D Ave Detached $665,000 3 3 2600
13528 Twin Creek Ln Detached $689,900 4 3.5 3171
19233 Indian Springs Rd Detached $714,000 4 4.5 3509
2167 Wembley Park Rd Detached $1,199,000 4 3.5 4015
316 Ridgeway Rd Detached $1,225,000 4 3 3877
50 Briarwood Rd Detached $1,248,000 6 6 7773
2410 Summit Ct Detached $1,650,000 3 3.5 3750

Pending Sales (Jan 27-Feb 2, 2014)

Address Type Price BR Baths SF DOM
4 Touchstone #136 Condo $159,500 3 2.5 1351 1
3101 McNary Pkwy #12 Condo $179,900 2 2.5 1726 92
17 Greenridge Ct Attached $275,000 3 3 1900 7
12894 Boones Ferry Rd Condo $294,500 2 2.5 1136 66
5077 Sunset Dr Attached $359,000 2 2.5 1720 143
87 Ash St Detached $399,900 3 2 2442 227
2710 Greentree Rd Detached $417,500 4 3 3172 11
12870 Elk Rock Rd Detached $449,900 4 2 2794 620
15956 Parker Rd Detached $579,900 4 2.5 3200 11
14 Del Prado St Detached $583,000 3 3.5 4094 244
3826 Upper Dr Detached $739,900 4 2.5 3194 91

Sold (Jan 27-Feb 2, 2014)

Address Type List Price Closed Price Sq Ft CDOM
45 Eagle Crest Dr #501 Condo $208,000 $176,900 1348 468
1120 Boca Ratan Dr Attached $260,000 $260,000 1611 8
10 Juarez Detached $525,000 $510,000 3740 161
3435 Lake Grove Ave Detached $595,000 $572,500 2,618 76
14353 Trillium Ct Detached $625,000 $615,000 3057 9
113 Furnace St Condo $635,000 $625,000 2154 34
14144 Kimberly Circle Detached $649,900 $649,000 3824 7
5185 Woodcrest Ln 24E Detached $643,098 $649,239 2500 1
2070 Wembley Park Rd Detached $998,000 $802,000 4935 436
800 Terrace Dr Detached $1,349,000 $1,300,000 5166 98

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

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Open Houses 2/214

It may be Superbowl Sunday, but kick off isn’t until 3:30. So there’s plenty of time to take in one of these great open houses. Enjoy!

Address Price Type Bedroom Bath Open
16200 Pacific Hwy #35 $299,000 condo 2 2 12 to 2
4109 Wolf Berry Ct $519,000 detached 4 2.5 12 to 3
1830 Cloverleaf Rd $598,000 detached 3 2.5 12 to 2:30
14232 Meadow Grass St $619,000 detached 4 3 1 to 4
17632 Woodhurst Pl $648,950 detached 5 4.5 12 to 2
1273 Wells St $799,000 detached 4 3 12 to 3
19463 Lorna Ln $899,800 detached 4 3.5 1 to 4
316 Ridgeway Rd $1,225,000 detached 4 3 12 to 2:30
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Featured Neighborhood: Hallinan Heights

Hallinan Heights
Hallinan Heights
Lake Oswego has 25 individual neighborhoods and this week we are going to feature Hallinan Heights. Both Linda and I love this neighborhood, there is just something about it.

I think it’s unique boundaries are part of why it is so great. It is clearly defined by the Willamette River to the East, Oswego Creek and McVey to the North, Cornell Rd to the West, and Upper Cherry Rd to the South. It’s not a large neighorhood, but within it is a wonderful Elementary School and a very nice Park. It has a real feeling of community where people walk their dogs and picnic.

Hallinan Elementary School
Hallinan Elementary School
My kids did not live within the Hallinan Elementary School attendance area, but the play ground at Hallinan Elementary was hands down their favorite. We would drive across town to play on it. It’s a BIG playground with a great variety of equipment. As my kids got older, I learned to love it because it is adjacent to the playing field which has a great walking trail around it. So my kids could be playing and I could be taking a nice walk within sight of them.

The real estate in Hallinan Heights includes one very nice condominium complex on the Willamette River, Oswego Terraces. Built in the 1950’s, these mid-century buildings are solid and sleek. There are currently 3 condos for sale in the mid $250,000’s. While none of the waterfront units are currently for sale, when they do come along they boast some of the finest river views in the entire metro area. The complex is uniquely situated on a curve in the river that looks directly North to downtown Portland.

Wide Streets
Wide Streets
Most of the single family homes were built in the 1960’s and 1970’s. The wide streets have well landscaped and tidy yards. There are currently 8 homes for sale. The least expensive is 2442 square feet, all on one level, and is listed for $399,900. The most expensive is 3700 square feet of new construction with river and mountain views for $1,225,000.

My final boast for Hallinan Heights is that it is close to downtown Lake Oswego. Whether you want quick access to great restaurants, or you want to walk along the river at George Rogers Park, you are right there. I would estimate that you could walk to the Farmer’s Market at Millenium Plaza Park within about 20-30 minutes. Nice!

Do not hesitate to contact Linda or myself if you would like more information.
Dianne

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Market Activity Jan 13-19, 2014

Last week in Lake Oswego there were 16 new listings, 16 pending sales, and 6 closed sales.
Here is the breakdown according to RMLS:

New on Market (Jan 13-19, 2014)

Address Type Price BR Bths SF
47 Eagle Crest Dr #48 Condo $104,900 1 1 696
10 Cervantes Circle Condo $125,000 2 1.5 912
4 Touchstone #128 Condo $154,900 3 2.5 1350
13060 Elk Rock Rd "A" Detached $175,000 1 1 502
181 Oswego Summit Condo $185,000 2 2 1383
17200 Robb Pl Detached $439,000 3 2.5 2218
1653 Devon Ln Detached $469,000 4 3 3181
13057 Sierra Vista Dr Detached $489,000 4 2.5 2510
4002 Tempest Dr Detached $539,900 4 3.5 4319
16158 Inverurie Rd Detached $559,900 4 2.5 2377
55 Aquinas St Detached $574,900 5 3 3720
4311 Orchard Way Detached $585,000 3 2.5 3010
13100 Boones Ferry Rd Detached $695,000 3 2.5 2370
3 Creekside Ter Detached $750,000 4 3.5 4355
19415 Sycamore Ave Detached $879,900 4 2.5 2188
820 Fairway Rd Detached $1,200,000 4 3.5 3758

Pending Sales (Jan 13-19, 2014)

Address Type Price BR Baths SF DOM
4 Touchstone #123 Condo $139,900 3 2.5 1351 4
3433 McNary Pkwy #702 Condo $164,500 2 2.5 1136 149
6397 McEwan Rd Detached $289,900 3 2 1008 127
15360 Twin Fir Rd Detached $314,900 3 1 1020 4
4690 Lower Dr Detached $339,900 3 2.5 1596 6
5057 W Sunset Dr Attached $349,900 2 2.5 1720 32
72 Weatherstone Condo $356,500 4 3.5 2465 84
572 2nd St Attached $379,900 2 2.5 1394 3
1230 Hallinan Cir Detached $380,000 3 2.5 1822 2
4401 Oakridge Rd Attached $400,000 2 2.5 1692 172
1228 Hallinan Cir Detached $450,000 3 2 1932 3
1491 Koawood Dr Detached $489,900 4 3 2510 29
2814 Vale Ct Detached $629,000 4 3 3192 70
18325 River Edge Ln Detached $899,995 3 3.5 4115 84
881 C Ave Detached $969,000 4 2.5 3128 0
17600 Upper Cherry Ln Detached $998,000 4 3.5 3900 283

SOLD (Jan 13-19, 2014)

Address Type List Price Closed Price Sq Ft CDOM
16775 Lake Forest Blvd Detached $287,000 $270,000 1544 61
5523 Royal Oaks Dr Detached $200,000 $300,000 1817 501
924 Laurel St Detached $360,000 $336,650 1965 62
17940 Meadowlark Ln Detached $499,000 $438,000 2,508 143
18064 Jenifers Way Detached $639,950 $635,000 2965 28
17700 Lake Haven Dr Detached $1,579,000 $1,600,000 4006 36

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

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Open Houses 1/19/13

There are 18 open houses in Lake Oswego this Sunday. Enjoy!

Address Price Type Bedroom Bath Open
1531 Bonniebrae Dr $244,900 Attached 3 1.5 12 to 2
2719 Greentree Rd $449,950 Detached 5 3.5 1 to 4
4109 Wolf Berry Ct $519,000 Detached 4 2.5 1 to 4
5554 Royal Oaks Dr $525,000 Detached 3 2 1 to 3
55 Aquinas St $574,900 Detached 5 3 11 to 1
14 Del Prado St $583,000 Detached 3 3.5 1 to 3
421 Middlecrest Rd $629,900 Detached 3 2.5 1 to 3
3015 Royce Way $689,900 Detached 4 3.5 1 to 3
3826 Upper Dr $739,900 Detached 4 2.5 1 to 4
18112 Westminster Dr $750,000 Detached 5 4 2 to 4
18499 Old River Dr $819,000 Detached 4 3.5 11:30 to 1:30
4540 Lamont Way $874,950 Detached 5 2.5 1 to 3
13537 Fielding Rd $895,000 Detached 4 3.5 1 to 3
18325 River Edge Ln $899,995 Detached 3 3.5 1 to 3
2943 Lakeview Blvd $995,000 Detached 4 3 1 to 3
752 E Ave $998,500 Detached 3 3 1 to 3
17322 Cedar Rd $1,149,500 Detached 4 4.5 1 to 3
13310 Atwater Ln $1,249,900 Detached 5 4 2 to 4
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Important Changes in 2014

xstreetsignThe coming of the new year brings with it some changes that may affect you as you buy or sell a home. I am going to touch upon 2 of them.

The Dodd Frank Wall Street Reform and Consumer Protection Act

The intention of this legislation is to reign in predatory lending and safe guard our housing market from a collapse like we experienced in 2007. What it does is tighten up mortgage guidelines. This means verification of assets, having a strong credit score, and not making loans to people who can not realistically pay them back. The legislation went into affect on January 10, 2014, but lenders have been putting the guidelines into place for some time.

What this means to you is that you really do need to qualify for a mortgage. It also means that paperwork will be more extensive and processing your loan will take time.

I think it also means that it is more important than ever to get pre-approved BEFORE you make an offer on a house. Line up your financing in advance and you will have less stress while in escrow.

The Mortgage Debt Forgiveness Relief Act has Expired

In 2007, Congress passed this act to give tax relief to distressed home owners. Basically, the IRS considered any forgiveness of debt to be income upon which you were taxed. So if you sold your house with a shortsale (selling it for less than what you owed), did a deed in lieu of foreclosure, or restructured you debt, you could be required to pay taxes on any debt not repaid. The Mortgage Debt and Forgiveness Relief Act waived this taxation. This was a huge boon to helping distressed home owners. The act expired n 2012 but was extended for a year and now expired at the end of 2013.

Congress has not extended it. It is not looking promising that they will either.

This means that if you are facing the option of doing a shortsale, a loan modification, or a deed in lieu, you need to talk to a good tax accountant first. Do not get involved in any of these scenarios without good tax counsel. I also want to recommend good legal counsel.

Speaking of legal counsel, I was inspired to write this post after reading Kate Brooke’s newsletter. Kate is a local attorney with extensive real estate experience. To contact her, click here.

I hope you find this information useful.
Dianne